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    right I have a fairly urgent credit card question!

    Hopefully my partner and I are going away to Menorca 8th-11th Sept, and would like to hire a car. Problem is atm we only have Natwest student credit cards with a limit of £500, and we need one with a bigger limit to cover the excess!

    There are two options as far as I can see (as Natwest are arses and wouldnt extend our limits even though we are exemplary customers!):

    1. I have applied for a normal Capital One credit card. It has said the initial application has been accepted but the further checks take 7 days - its like 4 weeks until we would go, so I was just wondering how quickly the card will come if the application is successful? In time?

    2. If my mum requested an additional card on her account, would it be in my name (as it needs to be in drivers name for car hire)?

    If anyone can answer my questions I'd be so grateful! Or if anyone has any better ideas!

    Thanks!
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    Do you have to prove you can cover the excess?
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    you can 'put' money onto your credit card. which would then allow you to spend that money, and upto your limit.
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    (Original post by e_clark)
    right I have a fairly urgent credit card question!

    Hopefully my partner and I are going away to Menorca 8th-11th Sept, and would like to hire a car. Problem is atm we only have Natwest student credit cards with a limit of £500, and we need one with a bigger limit to cover the excess!

    There are two options as far as I can see (as Natwest are arses and wouldnt extend our limits even though we are exemplary customers!):

    1. I have applied for a normal Capital One credit card. It has said the initial application has been accepted but the further checks take 7 days - its like 4 weeks until we would go, so I was just wondering how quickly the card will come if the application is successful? In time?

    2. If my mum requested an additional card on her account, would it be in my name (as it needs to be in drivers name for car hire)?

    If anyone can answer my questions I'd be so grateful! Or if anyone has any better ideas!

    Thanks!
    An additional cardholder will have a card with their name on it.
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    Thank you for your replies! So if say I put £300 on my natwest credit card it would increase my limit to £800? And the additional cardholder thing looks to be an option too (though not sure if I'd be able to persuade my mum to do that!)
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    Yep, if you pay £300 into natwest, you'll be able to spend £800.
    Additional cardholders can take a while to come through, but so can capital one, and capital ones interest rates on £800 would be horrific.
    Also, if you haven't got excellent credit, you're likely to start with a £100/200 maybe £500 limit.
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    (Original post by Controversial)
    Yep, if you pay £300 into natwest, you'll be able to spend £800.
    Additional cardholders can take a while to come through, but so can capital one, and capital ones interest rates on £800 would be horrific.
    Also, if you haven't got excellent credit, you're likely to start with a £100/200 maybe £500 limit.
    Hmmm, apparently when my partner tried to do this before Natwest told him that it wasn't possible because you can't have a positive balance on a credit card or something - is this true or was the person he spoke to a bit special?
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    (Original post by e_clark)
    Hmmm, apparently when my partner tried to do this before Natwest told him that it wasn't possible because you can't have a positive balance on a credit card or something - is this true or was the person he spoke to a bit special?
    A bit special. I load my credit card before travelling to cover car hire and hotels so that i will have enough credit for emergencies. As long as you are not using the card for money laundering there is no problem
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    (Original post by JCM89)
    A bit special. I load my credit card before travelling to cover car hire and hotels so that i will have enough credit for emergencies. As long as you are not using the card for money laundering there is no problem
    Thank you Sorry if this next question sounds a bit stupid though - when you hire a car, and they hold the deposit on your card - does that get interest charged on it or is it more just like a "block" on the money rather than actually using it?
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    (Original post by e_clark)
    Thank you Sorry if this next question sounds a bit stupid though - when you hire a car, and they hold the deposit on your card - does that get interest charged on it or is it more just like a "block" on the money rather than actually using it?
    When I've rented cars the rental payment is taken in full and the deposit against the safe return of the car is just a block - I haven't been charged any interest against the deposit as they didn't actually take the deposit funds - but it does obviously affect the credit available to you. It can also take a couple of days from when you return the car for the block to be released which can be a pain on longer trips to more than one destination. I found (in the US) that some hotels did this too - in case you go mad with the mini bar or room porno films - so between rental car companies and hotels I had to load up my card quite a bit. All turned out fine in the end Hope you have a fab trip
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    Capital One will give you the card, but with a very low credit limit to start with, I'd suspect. That's what mine is like for the first four months. Although mine is one with a stupidly high APR, so if you have great credit ratings, you might do a bit better.
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    (Original post by e_clark)
    Hmmm, apparently when my partner tried to do this before Natwest told him that it wasn't possible because you can't have a positive balance on a credit card or something - is this true or was the person he spoke to a bit special?
    That person was right. However, doing it once may not be a problem. You are paying a large amount of money onto your card, though, so do expect it to be cancelled.
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    Can you not use your bank debit card? Do you have the money to pay out in the first place or are you looking to use credit? If you have the money and just need a card to pay out on your best bet would be getting a pre-paid credit card:

    http://www.moneysupermarket.com/c/prepaid-cards/guide/

    Quite a few companies do these now, you just need to google 'pre-paid credit cards' - the most recognisable name that does one is Virgin i think.

    Good luck!
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    (Original post by preciousillusions)
    Can you not use your bank debit card? Do you have the money to pay out in the first place or are you looking to use credit? If you have the money and just need a card to pay out on your best bet would be getting a pre-paid credit card:

    http://www.moneysupermarket.com/c/prepaid-cards/guide/

    Quite a few companies do these now, you just need to google 'pre-paid credit cards' - the most recognisable name that does one is Virgin i think.

    Good luck!
    Oh I have the money, but unfortunately you need to have a credit card for things like this
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    (Original post by e_clark)
    Oh I have the money, but unfortunately you need to have a credit card for things like this
    Yes best thing would be to pay money into your Natwest C/C account, they might call you and ask why, but just explain.

    Alternatively you could get a card on your mums account which would probably take 7-14 days.

    They simply authorize the deposit so that your bank is agreeing to pay this money, then once you return the car the remove the authorization.

    Then you can just either spend the £300 on the C/C or give Natwest a call and ask them to do a CBR (credit balance refund) and they'll either BACs or send you a cheque
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    Yeah the pre-paid cards are credit cards! Either Visa or Mastercard. They can be used in the same way as regular credit cards (am pretty sure of this anyway)

    Eta: Yep you can (from link in previous post) -

    Prepaid cards look like credit and debit cards and they offer the same ability to purchase products and services but with a crucial difference – you can only spend the balance that has been preloaded onto the card. This means there is no risk of running into debt as it has no credit or overdraft facility.

    You will be give a Pin number when you purchase a card, and once money has been credited, it can be used in the same way as a debit or credit card – for high street, online or telephone purchases, as well as cash withdrawals from ATMs.

    Money can be loaded onto a prepaid card by cash at a bank, Post Office, at Payzone or PayPoint terminals or via a bank transfer. However, not all prepaid providers offer all of these loading options, so you need to bear this in mind when comparing deals as some are more flexible than others
    And:

    The card for travel – prepaid cards are a good option if you are going overseas. They are popular with students heading off on gap years and children who go abroad on school trips as parents can load them up here in the UK. However, the benefits are not restricted solely to young travellers - any holidaymaker can take advantage: prepaid cards offer a good alternative to travellers' cheques. They are safe and you will probably be offered a better rate of exchange as you spend.
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    Did you sort this out?
 
 
 
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