If you’re in a bind, urgently need to spend more than the current credit limit on your card, and have been denied by your bank or credit issuer, there is a way to temporarily spend more than your limit allows. This easy hack can give you the credit “extension” you need. 

increase credit limit image

Flickr source

The trick is simple, and comes straight from the horse’s mouth, in this case, a bank teller we spoke with. In an interview, a bank teller at one of the major banks gave us this tip on temporary increasing your spending limit — pay more than you owe on your your credit card balance. Doing this will allow you to spend above your credit limit.

Here’s how it works

  • Let’s say you have a credit limit of $1,000, which means $1,000 is the maximum amount your credit card issuer will allow you to borrow.
  • In order for the hack to work, you should pay more than your owed balance. In other words, if you needed to purchase something that cost $1,300 you would have to pay $300 past your credit limit.
  • Pay your balance, plus more. If you have a balance of $100 on your card, pay $400 from your checking account to your credit card bill.
  • When the money clears, you will have a negative $300 balance on your card, which means you can now charge $1,300. 

Potential drawbacks

The downside to this hack is that you need to have cash on hand in order to boost your limit. Without having enough money to increase your credit limit up to amount you need, you won’t be able to hack your limit.

Another potential drawback to this hack is the element of the unknown. Little research has been done on whether there is a cap to how much you can pay your credit card, since most consumers only pay the minimum balance, or their balance in full. However, as a financial strategy, this trick serves as a short-term way of stretching your charging power in emergencies

As of now, there are no known fees associated with this trick. (Although this could be subject to change in the future, depending on your card issuer.)

So, how do you rate this temporary credit limit increase hack? Do you have any of your own? Let us know, and interact with us on Facebook, Twitter, and Instagram!

Related Stories:

5 Money Hacks to Cut Shopping and Bills

Credit Card Hacks You’ve Never Tried

5 Checking and Savings Money Hacks

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question

  • Padredelosninos

    I work for a credit card company… This trick does not increase your limit. It sits on your card as a credit but will not increase the hard line stop point. When charges post they’ll then take away from the credit you’ve paid, but it does not increase your limit.

    • Good to hear professional feedback on this hack from a banking industry insider! We have made changes that reflect your insight. Thanks for reading MyBankTracker.

  • Goober

    How is this different from using the $1,000 in credit and just paying cash for the other $300? Its just another way of spending the same amount of money that you have?

    • You can certainly do that.

      But, there are a few reasons for using this “hack.” One is that someone wants to earn as much rewards as they can, so they’ll want the entire purchase charged on the card.

      Also, some card protections (e.g., purchase protection, refund protection, etc.) may require that the ENTIRE purchase be paid with the card in order to be eligible for coverage.

  • BlahsT

    Some credit card companies like Capital One only allow you to pay 10% over and will nearly immediately send you a check for the overpayment. Several or most companies won’t let you pay more than to a zero balance through their website so you’d have to pay by bill pay through your bank or something and I bet they would also immediately refund you the amount.

    • Hi BlahsT, thanks for your insight. Yes, many credit card companies won’t allow you to make an overpayment online, so it might be worth it to try it through your bank’s bill pay, or even send a check via snail mail.