I have a small $4k credit limit on my 28 Degrees Mastercard and I am going for an overseas holiday early next year. I have requested for an increase in credit limit a few months ago and now they won't increase it anymore.
I wonder if I can load money into the card like a pre-paid card. So if I load $4k before I go overseas, does it mean I can have $8k to spend?
Long time ago when the name still 28degree yes i done it once but i heard we cant anymore so better call them and ask. I maybe wrong
Bpay right? on 14 Oct, my closing balance is x amount, and on 18 Oct I bpay-ed more than twice the amount - thus yes you can. 28 Degrees doesn't have control on the amount you pay with bpay - different with if you pay with their preferred free bank transfer payment method - on their Latitude, which they only allow you to pay up to the balance.
I thought you should be able to may early repayments as you spend them? eg. when you have spent 2-3k on your card, you can pay it off early to reduce your credit balance. The downside is that your early payment make take a day or two to clear. I do that with my other cards, sometimes I hit my credit card limit before the month is up. Oops.
This way always and will works. And free. But yeah you need internet access and maybe sms 2fa to transfer while on holiday
I can't speak for 28 Degrees but have done this with several other cards regularly.
Get a revolt debit card or another
You could also just sign up with Up or other bank that will give you a debit card and use that maybe… Up have up to $8 or $9 for new referrals as well at the moment https://www.ozbargain.com.au/node/734608. Plus that way you can just transfer smaller amounts onto that card in case your card is lost/stolen or skimmed overseas you won't have all the 4k sitting there to go missing
Thanks for all your replies. In my Latitude app I can "make a payment" so can transfer as much money as I want from my savings account to 28 Degrees. Will also apply for an Up card too.
You can but you can't draw out the cash without a cash advance fee.
ah maybe thats what i was thinking of -
i seem to remember a few years ago there was a big discussion about not being able to top up - but i think it must have been cant top up and withdraw from atm.
These days though yeah as someone else pointed out just use UP bank or similar, I would argue its way safer anyway since its not a CC.
In the old days (2005? 2012?) I ran a positive balance on 28 degrees and withdrew cash fee free from ATMs overseas.
This stopped a long time ago.
I use Citibank debit card now.
28 degrees is still useful for overseas transactions and I use it when travelling.
I tend to just use banking apps to transfer money to the card along the way, maybe $1000 at a time so I don’t hit credit limits, but also don’t have hassles.
I'd be careful doing this as if something happens to your $4k it may not be protected - that's what 28 degrees told me when I tried to do this. I'd rather just use UP
Just FYI - I have a card balance of $640 and I tried to clear the balance by transferring-in $1000 and that failed. $900 also failed but it accepted $800.
Yes you can. However you can only do bpay for this and it will cost you 95c if you don't mind