Question about Monzo Flex limit - can it go over?

UK Help
1

Good day, so I have been given a £2500 flex limit. If I were to make a one off purchase say for the limit or close to the limit of £2,500 and my payment option was say 6 installments - would that be allowed? As with repayment it would take it over limit? Or does it have to stay within the £2500 including repayment?

Sorry if worded dumb, not the greatest with this sort of thing.

Thanks

2

It’ll be the £2,500 + interest showing so it’ll look over your credit limit, but you can only spend £2,500.

3

Fab thank you Carlo! I was thinking of things like holidays etc given the section 75 protection so that’s fantastic thank you very much!

4

Most welcome. You should now be able to choose an answer and mark as solved.