[ckdarby]

Small note that most credit cards allow you to artificially increase the credit card limit by simply contributing the payment on a zero balance.

Example, $0 balance, card limit $1k, pay onto the card $10k, card limit is now $11k.

$10k of that is really prepaid and $1k is truly credit, but it would have solved their problems given they had the cash on hand and mostly wanted to avoid declines on their cards due to draining the credit limit to $0.

The problem with other forms of payments is they're only usually accepted on a contract annual basis and you're now vendor locked for the remainder of the contract. You're also up fronting the capital to that vendor.

[stpn]

What banks has this worked with for you?

I just tried to do this with chase, capital one, and citi. The first two only let you pay up to 10% more than your balance (balance, not credit limit) and citi only 7.5% - nowhere near 10x your credit limit.

[sanswork]

Amex has advised me to do this before when asking for an increase for a specific large one off purchase that I planned to pay off again straight away.

[berelig]

Note that by doing this most (or maybe all) credit card companies will only honour whatever protections and insurances they offer on the original portion of the limit. So if you make an $11k payment, $10k of that is like handing cash to the vendor.

[manishsharan]

This boggles my brain. Why would you give credit card companies extra money to hold for you?

Get an AmEx with the balance you need and use that . Much better service and protections. Or apply for a new Business Credit card with your bank.

[rco8786]

> Why would you give credit card companies extra money to hold for you?

"they had the cash on hand and mostly wanted to avoid declines on their cards"

[sanswork]

In a lot of the world it's difficult to get the kind of credit limits people in america are used to even for businesses with good cash flow.