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Interesting question regarding student credit card limit.

  • 24-03-2010 12:21pm
    #1
    wayne0308
    Registered Users, Registered Users 2 Posts: 428 ✭✭


    I have a student credit card with Bank of Ireland. The credit limit is 800.00euro.

    If I need to buy something that cost more than 800 euro I know that I can transfer money from my current account to the credit card account and my credit limit will be higher. In otherwords I can spend 900 euro even if my limit is 800 by just transferring 100euro into the credit card account.


    My question is, is there a limit up to which you can do this? I'm in the market for a new bike at the moment, I'm planning on spending around 1600euro on it. So if I transfer the 800euro extra into the credit card account will it be okay?


Comments

  • #2
    100gSoma
    Registered Users, Registered Users 2 Posts: 1,288 ✭✭✭100gSoma


    yes it will be ok. 800 of your own money and 800 (limit) of the credit card companies money.


  • #3
    wayne0308
    Registered Users, Registered Users 2 Posts: 428 ✭✭wayne0308


    Excellent thanks for your reply, I was a bit worried about it given the amount of money involved. I've done it before but only needed to add 150 to the account. Thanks again!


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