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    Help with Aqua Card initial limit.
    • #1
    • 5th Jun 08, 4:53 PM
    Help with Aqua Card initial limit. 5th Jun 08 at 4:53 PM
    Hi all I'm new to your forum, which is excellent by the way.

    So I've just signed the credit agreement for an Aqua Card but I'm a little confused as to what my limit will be. The information on the agreement is unclear to me as I'm new to the credit card game.

    This is what it says on the back of the credit agreement:

    The total charge for credit is 264.56. consisting of 264.56 interest. This is based on credit of 1,500 being borrowed at the start of the agreement over one year at the standard interest rate.

    What does this mean? I haven't a clue! Does it mean I have a 1,500 limit or 200?

    Thanks very much.
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