1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Buying website with Credit Card in Flippa

Discussion in 'General Business' started by rosn007, Aug 13, 2017.

  1. #1
    Hi,

    I'm trying to get a website in Flippa costing like 56k. I have over 70k balance in my credit card but they don't let me use more than 5k in escrow. Does anyone know if i'm missing something? or I just can't get it with credit card?
     
    rosn007, Aug 13, 2017 IP
  2. sarahk

    sarahk iTamer Staff

    Messages:
    28,494
    Likes Received:
    4,457
    Best Answers:
    123
    Trophy Points:
    665
    #2
    I don't know much about flippa but I do know that if you are transferring money using your visa - as opposed to buying something - you start paying interest right away.
     
    sarahk, Aug 13, 2017 IP
  3. qwikad.com

    qwikad.com Illustrious Member Affiliate Manager

    Messages:
    7,151
    Likes Received:
    1,656
    Best Answers:
    29
    Trophy Points:
    475
    #3
    Most credit card companies go by your credit score. The higher your credit score the higher the credit limit you usually have. Calling your cc customer support asking to increase the credit limit should help. But I doubt they will increase it all the way to 56K.
     
    qwikad.com, Aug 13, 2017 IP
  4. sarahk

    sarahk iTamer Staff

    Messages:
    28,494
    Likes Received:
    4,457
    Best Answers:
    123
    Trophy Points:
    665
    #4
    He says his credit card limit is already $70k - that's an extraordinary amount. I wonder how often that happens?
     
    sarahk, Aug 13, 2017 IP
  5. qwikad.com

    qwikad.com Illustrious Member Affiliate Manager

    Messages:
    7,151
    Likes Received:
    1,656
    Best Answers:
    29
    Trophy Points:
    475
    #5
    No, you're confusing balance with credit limit. Credit limit is usually calculated on a monthly basis. It's the amount a cc company is willing to lend you each month. Just because you have a balance of $70K doesn't mean you can use it all at once at any given time.
     
    qwikad.com, Aug 13, 2017 IP
  6. rosn007

    rosn007 Well-Known Member

    Messages:
    1,081
    Likes Received:
    49
    Best Answers:
    0
    Trophy Points:
    195
    #6
    I'm sorry I should have been more specific in the first place. I have credit limit of over 70k with 3 cards combined (not even 1% used). I was going through the flippa escrow credit card details where I saw they allow only 5k. That was what bothering me. I have a promotional interest but i don't mind paying interest if that's what it takes.
     
    rosn007, Aug 13, 2017 IP
  7. mike_sun

    mike_sun Well-Known Member

    Messages:
    859
    Likes Received:
    45
    Best Answers:
    0
    Trophy Points:
    140
    #7
    I am sure this 70k isn't $70k. Maybe sir Gates wouldn't have that much of lending limit.
     
    mike_sun, Aug 13, 2017 IP
  8. Spartan14

    Spartan14 Active Member

    Messages:
    992
    Likes Received:
    94
    Best Answers:
    1
    Trophy Points:
    78
    #8
    Well i think you should go to your bank and say to them to increase your limit ,also contact flipa and tell them to help you out
     
    Spartan14, Aug 14, 2017 IP
  9. BinkyM

    BinkyM Well-Known Member

    Messages:
    42
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    115
    #9
    ask flippa about this. They will give you better answer
     
    BinkyM, Aug 14, 2017 IP