Originally Posted by
tommyleo
I have the Barclays World MC and I may soon be making a large cash purchase (a car). So I figure that I might as well use my CC and get the miles.
But the item will cost more than my credit line. Yet when I called Barclays, I was told that because I have a "World Card", I can go over my credit limit without penalty. "OK," I said, "that's nice to know -- but how much can I go over my credit limit?"
"You have no preset spending limit," the agent repeated.
"There must be a limit," I said.
"No, sir."
"But surely," I said, "I could not go and buy a $10,000,000 yacht with my card."
"You have no preset spending limit," the automaton -- err, the agent -- repeated.
OK, so what's the real deal? How far over your credit line can you go with the USAir Barclays World MC?
Its really obvious that the agent didn't know what preset spending limits are. There is a daily amount that you can use most cards for. You may have a 10k credit line but only be able to spend 1k of it per day. No preset spending limit lets you spend the entire credit line all in one day or in one use. Hope that helps...