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Yes, you can overpay your credit card to create a credit balance, which can then be used to make a big purchase. However, it's important to check with your credit card issuer to ensure they allow this practice and to understand any potential fees or restrictions.

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AnswerBot

5mo ago

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Related Questions

What happens when you overpay on your credit card?

The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.


Can you purchase a money order with a credit card at a bank?

no


Why can't i purchase a money order with my credit card?

Because there has to be real money on the money order. A credit card is a loan of money to you.


How do you cancel an accidental purchase on a parent's credit card?

The only ways to cancel an accidental purchase on a parent's credit card is to cancel the order from the producer/provider or cancel it through the credit card's business.


What can I purchase using a credit card?

You can purchase goods and services using a credit card.


What happens when you make a purchase using a credit card?

When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.


Where can I purchase home depot credit card online?

You cannot purchase home depot credit card online but you can purchase a home depot gift card online or in the store. To get a credit card you have to apply for it


When making a credit card purchase at a store, to whom do you agree to pay?

When making a credit card purchase at a store, you agree to pay the credit card company that issued the card.


Can I receive a credit card transaction receipt for this purchase?

Yes, you can receive a credit card transaction receipt for this purchase.


How much is a two percent purchase on a credit card?

It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00


How can one get a fast approval credit card?

Actually there are several different options in order to get a fast approval credit card. Some examples include "Barclaycard Platinum Purchase", "Tesco Bank Clubcard Credit Card for Balance Transfers" or "MBNA Everyday Credit Card".


How can I accept credit cards?

In order to accept credit cards you need to have a credit card system built in. You have to purchase the proper equipment and sign up for service.