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Be incredit on a credit card

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y2j | 20:14 Thu 27th Apr 2006 | Business & Finance
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Is it possible to be incredit on a credit card. For example I used my credit card to place a �50 bet it won and now I have �100. Would I be �50 incredit if I put it back into my credit card account
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Yes you would be in credit as happened to me with a bet.The credit card companies will in some circumstances issue you with a cheque for the amount but arenot keen on this.Another good alternative is to spend it


I've in credit on my credit card at the moment by �50 - I accidently paid the outstanding balance twice - what a muppet!
It would be in credit and you wouldn't receive any inteerst on it.
If your credit limit is �500 you could then buy something for �550
Not only is it possible, but I have actually paid money in deliberately before.

My credit card had an offer on that if you purchased your holiday using the card, you got free travel insurance. I only had a �1500 limit at the time but the holiday cost around �2k - so I paid in �500 and then purchased the holiday.

An ex-manager of mine used to pay into his credit card before he went abroad - and then purchased everything on his card - it can also give you extra rights on purchases.
I believe AMEX (American Express) offers a service to credit your credit card (if that makes sense!)

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