The potential liability factor - it depends on the card's terms & conditions.However there is also the liability factor if your card is lost/stolen and has excess funds lodged in it.
Doesn't all this depend on the terms & conditions of the specific card in question?There will be an ATM withdrawal charge regardless of whether the account is in credit or not.
No credit card issuer will cover a liability greater than the assigned credit limit. Credit cards are not designed to be put into a credit balance in this way, they are for borrowing/debit balances only.
seems to contradict this:No credit card issuer will cover a liability greater than the assigned credit limit.
Credit cards are not designed to be put into a credit balance in this way, they are for borrowing/debit balances only.
No credit card issuer will cover a liability greater than the assigned credit limit. Credit cards are not designed to be put into a credit balance in this way, they are for borrowing/debit balances only.
It's not Laser that allows you to do this but Cirrus, Maestro or Plus.I asked about my laser card in the local branch (to withdraw cash abroad before someone tells me that laser only works in Ireland) and no just the usual 20c charge when within the eurozone.
Surely these are two separate issues. The first (limit on liability) does not preclude the second (having preloaded cash balances "covered")?Clubman, I've worked for 3 banks over the years, and it's always been the same - fraud cover etc. only up to the credit limit underwritten.
Issuers can't prevent payments that would put a card into credit, but that doesn't mean that they like or encourage it. Again, not how the product is designed to work.
Surely these are two separate issues. The first (limit on liability) does not preclude the second (having preloaded cash balances "covered")?