BA American express premium plus - pre-overpayment
Apr 12, 2018, 5:46 am
#31
Join Date: Nov 2017
Programs: BA, Hilton
Posts: 2,091
But you'll be damned if you're taking the pay cut!?
Apr 12, 2018, 5:49 am
#32
Join Date: Mar 2016
Location: Glasgow, UK
Programs: Seigneur des Tarifs Utils First Class Mucci with Honours :) - BA GGL / CCR
Posts: 1,551
I think most people would concur if you were talking about the card as just a way of getting credit, there are usually far cheaper options out there. But if you're doing it for the rewards, and paying off the balance so you don't incur interest, it might well make sense depending on how you value those rewards - there are, after all, whole sites dedicated to this sort of thing. Obviously it requires good discipline, and I wouldn't be surprised to find card issuers giving deliberately higher limits in an attempt to encourage consumers to be a little more lax, and hopefully get some interest from them.
But you'll be damned if you're taking the pay cut!?
But you'll be damned if you're taking the pay cut!?
Apr 12, 2018, 6:35 am
#33
Join Date: Dec 2007
Location: Harrogate
Programs: BA, KL, DL
Posts: 996
Apr 12, 2018, 7:44 am
#34
Join Date: Aug 2010
Location: UK
Posts: 1,736
They put the limit up over time- there must be a set process as both mine and my husbands tend to go up at about the same time (opened about a month apart originally).
Out of interest does anyone know if Amex BA credit limits ever exceed £30,000?
Out of interest does anyone know if Amex BA credit limits ever exceed £30,000?
Apr 12, 2018, 8:33 am
#35
Join Date: Sep 2014
Location: Cumbria
Programs: BAEC GGL/CCR, Hilton Diamond, Starbucks Gold
Posts: 4,510
From what I have learnt the credit limit typically approved is 1.5x gross monthly Salary as a credit limit and as has been mentioned before to get more cash available bank transfer the money to AMEX account so it gets an inflated positive then make the required purchase.
Simple
Simple
Apr 12, 2018, 9:23 am
#36
Join Date: Dec 2009
Location: London UK SE1
Programs: BA Gfl / GGL + CCR , Amex Platinum, Amex BA Premium Plus
Posts: 156
Mine is just under £50k
Apr 12, 2018, 11:47 am
#37
Join Date: Jan 2007
Location: living near Malaga
Programs: BA Gold , Mucci recipient. Coffee Drinker, Blue Sky Thinker
Posts: 2,110
Quote:
Originally Posted by sunshinebob
I seem to recal reading somewhere that if you load your card in advance to pay for something over and above your credit limit that your statutory rights are disadvantaged in some way..
I checked and your rights ARE effected as I suspected but on the Amex charge cards only not the Ba card the OP originally asked about. Charge card are not covered by S75 legislation and my advice would be to check with your card provider to comfirm how your rights are affected when paying with a positive balance , ie your own money.
Appologies for not having the correct information to hand initially.
Originally Posted by sunshinebob
I seem to recal reading somewhere that if you load your card in advance to pay for something over and above your credit limit that your statutory rights are disadvantaged in some way..
Appologies for not having the correct information to hand initially.
Last edited by sunshinebob; Apr 12, 2018 at 4:18 pm
Apr 12, 2018, 12:18 pm
#38
Join Date: Aug 2015
Posts: 1,499
This is incorrect, your section 75 rights apply to the entire purchase when the card is used to pay at least £100 of the cost and the total purchase price is £30,000 or less. If, for example, you were purchasing a £25k car, you can pay a £100 deposit on your credit card and your protection extends to the entire £25k, regardless of who the other £24,900 was financed.
The total value of the purchase has to be more than £100. You could put as little as £0.01 on a card - as long as the total cost is over £100, you would be protected under S75.
Apr 12, 2018, 2:09 pm
#39
Join Date: Oct 2013
Location: UK
Posts: 80
I made a £38k purchase last year on mine.
I asked Amex in advance, they said no pre-loading, so I never tried it. The retailer just split the total and I paid in a couple of transactions , clearing the balance each time via bank transfer
Will depend on on what you are buying and the retailer I guess.
I asked Amex in advance, they said no pre-loading, so I never tried it. The retailer just split the total and I paid in a couple of transactions , clearing the balance each time via bank transfer
Will depend on on what you are buying and the retailer I guess.
Apr 13, 2018, 3:51 am
#41
Join Date: Jan 2015
Programs: BA Gold, *A Gold, Marriott Ambassador
Posts: 241
I have a £50k limit on my BA Amex. I plan on proposing next month, so it certainly came in handy buying the ring, the week in Maldives and J flights for the two of us (sadly no mileage run). So far this month I have earnt 48,000 Avios on it 
Apr 14, 2018, 2:14 pm
#42
Original Poster
Join Date: Nov 2011
Programs: BAEC
Posts: 59
Thanks all for the information - just to close this off as far as I am concerned my new AMEX arrived today and rather amusingly the limit is just (£250) over the figure I first mentioned - I wonder whether they were reading this thread?