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  • FIRST POST
    • RG2015
    • By RG2015 16th Jun 17, 7:55 AM
    • 235Posts
    • 85Thanks
    RG2015
    New Credit Card Limit
    • #1
    • 16th Jun 17, 7:55 AM
    New Credit Card Limit 16th Jun 17 at 7:55 AM
    Is there any way of knowing what credit limit I will be offered before I apply for a new card?

    Nationwide contacted me in April offering me a Select card with 0% for a year and a limit of £8,850. Will other companies give me an indicative figure before I make an application and incur a hard search?
Page 1
    • Ebe Scrooge
    • By Ebe Scrooge 16th Jun 17, 8:07 AM
    • 3,773 Posts
    • 3,136 Thanks
    Ebe Scrooge
    • #2
    • 16th Jun 17, 8:07 AM
    • #2
    • 16th Jun 17, 8:07 AM
    No, not usually. Until they've checked your credit files, their internal algorithms won't be able to decide what limit to give you. This board is littered with stories of "I want to transfer to a 0% card, but they haven't given me a high enough limit".


    Most cards will offer to increase your limit once you've had them for a while, when they can see that you've been running your account sensibly.
    I may not know much about art, but I know what I like.
    • Anthorn
    • By Anthorn 16th Jun 17, 11:05 AM
    • 3,081 Posts
    • 790 Thanks
    Anthorn
    • #3
    • 16th Jun 17, 11:05 AM
    • #3
    • 16th Jun 17, 11:05 AM
    Is there any way of knowing what credit limit I will be offered before I apply for a new card?

    Nationwide contacted me in April offering me a Select card with 0% for a year and a limit of £8,850. Will other companies give me an indicative figure before I make an application and incur a hard search?
    Originally posted by RG2015
    Not before you make an application or in some cases even immediately after your application has been successful. American Express credit card was the only one which quoted my credit limit on acceptance while in all other cases I had to wait for written confirmation.
    • memberme
    • By memberme 16th Jun 17, 11:11 AM
    • 186 Posts
    • 50 Thanks
    memberme
    • #4
    • 16th Jun 17, 11:11 AM
    • #4
    • 16th Jun 17, 11:11 AM
    Halifax clarity told me mine online, straight after checking and acceptance, but not before.


    From my experience and others I know....Virgin tends to give the biggest initial limits
    • virgo17
    • By virgo17 16th Jun 17, 12:03 PM
    • 658 Posts
    • 226 Thanks
    virgo17
    • #5
    • 16th Jun 17, 12:03 PM
    • #5
    • 16th Jun 17, 12:03 PM
    From my experience and others I know....Virgin tends to give the biggest initial limits
    Originally posted by memberme
    MBNA also give good initial limits. Not sure if that will change under LBG though.
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