Is it possible to put your credit card in credit to extend credit limit?

Good Morning Champ, 

Thank you for getting in contact with us here on Boards.ie. 

Can I just double check if this is related to a Euro or Sterling based Credit Card? 

Thanks, 

Elaine 

Thanks Champ, 

You can certainly top up your credit card account. The balance would need to be zero first and then any amount you transfer to the card will appear as a minus (-) figure on your account online which indicates a credit balance. You can technically increase the spending power on your card this way, so for example if your credit limit is E1000 and you do not owe any money on the card and then transfer E500 to the account, your spending power will be E1500.

Just to mention, when you make a transfer on 365Online, the Mobile or tablet app, this will take one full working day to be received to your credit card. The cut off time for transfers is 3.30pm on a working day. 

I hope this helps and if you need anything else, please don't hesitate to post again. 

Elaine 

ejabrod wrote: »

If the credit card is in a credit state i.e. a positive balance, are there any interest fees?

E.G. 
card limit €1,000
- spending €0 
- Lodge €1,000 
- available for spending €2,000

Are there any fees charged for having the card in credit?

Hi ejabrod, 

Thanks for getting in touch here. 

There are no fees applied for having your account in credit. Purchase interest is only applied if there is an owing balance on the account and it is not cleared in full by the due date. If you use the card to make a withdrawal you would be charged interest unless the account has a credit balance for the full cash withdrawal amount when this transaction is billed (this can take up to 3 working days). 

Further information on fees and charges on credit cards can be found here on our website. 

I hope this helps and if you need anything else, please don't hesitate to contact us again. 

Thanks, 
Elaine