Two queries really:
1) From what I understand, credit card companies don't really like you making overpayments that create a positive balance but can't really do much about it. Am I right or can they send the money back to the original funding source? If it is dependant on issuer, FYI, I have cards with Capital One, Halifax and Santander.
2) The reason I ask is this. I make some hefty payments running into thousands for stock for my business and would like to add extra protection in the form of using my credit card if things go south with my supplier. However, my credit limit isn't high enough so my idea is to 'load' my card before using it for large payments.
They say that if something seems too good to be true then it usually is. So my feeling here is that, in the event of any claim, any credit card company seeing what I have done would politely stick two fingers up to me :) Or, for any payment that they have authorised, would they be legally obliged to provide the cover?
1) From what I understand, credit card companies don't really like you making overpayments that create a positive balance but can't really do much about it. Am I right or can they send the money back to the original funding source? If it is dependant on issuer, FYI, I have cards with Capital One, Halifax and Santander.
2) The reason I ask is this. I make some hefty payments running into thousands for stock for my business and would like to add extra protection in the form of using my credit card if things go south with my supplier. However, my credit limit isn't high enough so my idea is to 'load' my card before using it for large payments.
They say that if something seems too good to be true then it usually is. So my feeling here is that, in the event of any claim, any credit card company seeing what I have done would politely stick two fingers up to me :) Or, for any payment that they have authorised, would they be legally obliged to provide the cover?