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Forums › Finance and wealth management › Curious - credit card daily limits.
rayonline

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#288292 18-Jun-2021 16:20
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Just a thought.  Credit card have limits per day.  Is not unheard of that people cannot pay with their credit cards?  A family of airfares going overseas could be over $10,000.  Some of the exotic camera lenses also or even if one is overseas if they bought some jewelry?  

 

 

 

 

 

Cheers.  

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wellygary
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  #2730749 18-Jun-2021 16:23
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They are changeable, if you think yours is too low call your bank and change it... 

 

 



lucky015
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  #2730750 18-Jun-2021 16:23
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For most banks you just need to call them and they'll lift the limit to either a number you set or remove the restriction completely for a period of time (within your credit limit). Some banks will use additional verification factors for transactions over certain values like a text with an additional auth code or even in some cases a phone call to you to confirm.

michaelmurfy
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  #2730751 18-Jun-2021 16:24
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Credit cards often don't have daily limits - I've spent $12,000 in one transaction on my credit card before.

 

Debit cards do however at normally $2000 per day.




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rayonline

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  #2730753 18-Jun-2021 16:26
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Some banks online say they can change it temporally to $20k. Could it go higher than that?  

Linux
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  #2730767 18-Jun-2021 16:31
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Dude call your bank and ask them these questions!

freitasm
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  #2730769 18-Jun-2021 16:35
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I bought a car with a credit card. Never got hit with daily limits. But as above, ask your card issuer if there are limits and if they can be temporarily lifted.  




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michaelmurfy
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  #2730775 18-Jun-2021 16:43
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rayonline:

 

Some banks online say they can change it temporally to $20k. Could it go higher than that?

 

Are you perhaps mistaking this with the actual credit card limit? I know the bank I work for don't have daily limits on credit cards, only the actual card limit.




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Linux
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  #2730779 18-Jun-2021 16:46
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The daily limit in theory should be the actual credit card limit

1024kb
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  #2730780 18-Jun-2021 16:49
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Cash withdrawals from ATM will attract pre-set daily limits. Usually you can double up on that limit by visiting the competing ATM system within a short time of your first withdrawal. Card limits as in actual credit card transactions aren't really a thing - after all,that's what the banks actually want you to do with your credit card - use it, spend up, owe them.




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rayonline

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  #2730786 18-Jun-2021 16:56
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michaelmurfy:

 

rayonline:

 

Some banks online say they can change it temporally to $20k. Could it go higher than that?

 

Are you perhaps mistaking this with the actual credit card limit? I know the bank I work for don't have daily limits on credit cards, only the actual card limit.

 

 

 

 

The Westpac is set higher at $20k but it says a limit to protect from fraud. 

 

https://www.westpac.co.nz/about-us/legal-information-privacy/daily-transaction-limits/

 

 

BlinkyBill
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  #2730788 18-Jun-2021 16:58
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rayonline:

 

Some banks online say they can change it temporally to $20k. Could it go higher than that?  

 

 

My personal limit is $99,999. And my Amex has no limit.

 
 
 
 

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Linux
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  #2730791 18-Jun-2021 17:08
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Is the Amex a credit card or charge card?

BlinkyBill
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  #2730793 18-Jun-2021 17:13
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Linux: Is the Amex a credit card or charge card?

 

Credit card.

jonherries
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  #2730835 18-Jun-2021 20:01
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You add put cash into the card and then pay with it to get points.

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  #2731587 20-Jun-2021 17:03
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I asked the question of ANZ recently in respect of a Visa card. No daily limit, just the overall CC limit.

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