overpaying credit card

[buaypangsai]

hi. standard chartered currently allows users to overpay and we are allowed to use credit card refund function in the app to pull out the excess funds into our scb savings account.

is there any other banks that allow that?

 

[reddevil0728]

hi. standard chartered currently allows users to overpay and we are allowed to use credit card refund function in the app to pull out the excess funds into our scb savings account.

is there any other banks that allow that?

i think citi bank u need to request check

 

[addict951]

hi. standard chartered currently allows users to overpay and we are allowed to use credit card refund function in the app to pull out the excess funds into our scb savings account.

is there any other banks that allow that?

Why do you want to overpay ar?

 

[wira]

hi. standard chartered currently allows users to overpay and we are allowed to use credit card refund function in the app to pull out the excess funds into our scb savings account.

is there any other banks that allow that?

dont see advantage of doing this ?

 

[cassowary18]

Overpaying is good if, for example, you have a big ticket purchase above your credit limit and you want to "increase" your credit limit by prepaying so your card won't get declined.

 

[iduncheckmail]

Overpaying is good if, for example, you have a big ticket purchase above your credit limit and you want to "increase" your credit limit by prepaying so your card won't get declined.

Huh? Usually if you have clean credit record credit limit is very easy to get High limit.

 

[reddevil0728]

Huh? Usually if you have clean credit record credit limit is very easy to get High limit.

Maybe the purchase is higher than the high limit?

 

[BBCWatcher]

Overpaying is good if, for example, you have a big ticket purchase above your credit limit and you want to "increase" your credit limit by prepaying so your card won't get declined.

I understand that part. I don’t understand the refund part. The reason you’d be overpaying is to spend more right away, right? Overpaying expressly for the purpose of getting a refund seems suspicious, the sort of thing someone engaged in money laundering might do. Or when someone tries to get a loan (or credit line increase) in excess of MAS regulatory limits, so they manipulate Card #1 to make it have an artificial/contrived surplus that allegedly offsets outstanding debts.

 

[Laneige]

I don’t know
I always overpay cc bills because I’m scare of late charges
So I recently accidentally overpaid one bank 700+++ n I requested fir a cheq back
The other bank cards I let it roll inside as it’s small sum or I know v fast I will charge something to it
When I do credit Bureau, a lot of my cards r unused lol

This kind peanut $ who will use cc to wash $?

 

[reddevil0728]

I don’t know
I always overpay cc bills because I’m scare of late charges
So I recently accidentally overpaid one bank 700+++ n I requested fir a cheq back
The other bank cards I let it roll inside as it’s small sum or I know v fast I will charge something to it
When I do credit Bureau, a lot of my cards r unused lol

This kind peanut $ who will use cc to wash $?

You will be surprise the extent people who intends to wash money will do to wash it.

Anyway if you use GIRO payment, the issue of forgetting to pay will not be an issue?

 

[Laneige]

You will be surprise the extent people who intends to wash money will do to wash it.

Anyway if you use GIRO payment, the issue of forgetting to pay will not be an issue?

I don’t use giro lol

 

[reddevil0728]

I don’t use giro lol

ya i mean can use giro. then then no concern about late payment liao

 

[cassowary18]

I don’t know
I always overpay cc bills because I’m scare of late charges
So I recently accidentally overpaid one bank 700+++ n I requested fir a cheq back
The other bank cards I let it roll inside as it’s small sum or I know v fast I will charge something to it
When I do credit Bureau, a lot of my cards r unused lol

This kind peanut $ who will use cc to wash $?

You have to be careful. If it's unused there's no history of on time payment (because your end of month balance is zero or positive) and so your credit score won't improve (it won't get worse either).

Why not use GIRO?

 

[CrashWire]

You will be surprise the extent people who intends to wash money will do to wash it.

You actually know someone who wash money?

 

[Slowdown]

I overpay because I like to pay off my credit card at the end of the month despite having GIRO arrangements. If I pay too close to the GIRO deduction date the bank does not have enough time to update their deduction run and I pay double.

When I ask DBS for a refund they will always deduct the unbilled item and refund the balance. Meaning if I have overpaid 500 and there is still unbilled item worth $100, I only get back $400.

 

[reddevil0728]

I overpay because I like to pay off my credit card at the end of the month despite having GIRO arrangements. If I pay too close to the GIRO deduction date the bank does not have enough time to update their deduction run and I pay double.

When I ask DBS for a refund they will always deduct the unbilled item and refund the balance. Meaning if I have overpaid 500 and there is still unbilled item worth $100, I only get back $400.

But why?????

 

[YouHeypiCanLiao]

Usually if there is any big ticket item, example wedding , just ask for temp limit increase. Sure ok one .

I ever paid twice haha. Just ask them to re deposit back

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