Natwest Platinum Credit Card Limit...

stephane_2

Hi all,

I recently applied for a Natwest Platinum Credit Card. I was accepted but they have only given me a ridiculous £500 credit limit.

I have been with Natwest for almost 6 years, have one of their Advantage Gold account, they have given me a £600 overdraft limit and have not gone overdrawn for years and I also have a saving account with them.

Would it make any difference if I called them to say that am not at all happy with the credit limit they have given me or is it that banks are very cautious?

Can anyone help....?

Thanks

latecomer

Maybe they are just tightening up on the credit limits they give people? There is no harm in phoning them up and asking whether it can be increased. Do you have a good credit history or is this your first credit card?

Kavanne

You won't be able to increase the limit until you have had the card 6 months. Natwest don't even offer 0% deals anymore so what do you think about tightening things up!?

bee4321

Well I have a Natwest advantage Private account and they have given me a private banking visa with 15k limit

bee4321

Kavanne wrote: »

You won't be able to increase the limit until you have had the card 6 months. Natwest don't even offer 0% deals anymore so what do you think about tightening things up!?

I have no 0% on my natwest private visa but I only pay 4% on any purchases for the first 9 months and then 14% p/a

exel1966

Kavanne wrote: »

You won't be able to increase the limit until you have had the card 6 months. Natwest don't even offer 0% deals anymore so what do you think about tightening things up!?

Generally yes, but not always so. Most card limits can be increased at the card activation stage, by up to 20%. The last one I did was the Abbey Zero who gave me an additional £850 to stooze.
Further increases are possible by speaking/writing to the underwriting dept. outlining your reasons for the increase and possibly submitting evidence to prove an increase could be managed properly.

moneysavingallday

To the OP, £500 is a low limit but it's better than a kick in the nuts. Do you have any other cards?

Kavanne

bee4321 wrote: »

I have no 0% on my natwest private visa but I only pay 4% on any purchases for the first 9 months and then 14% p/a

Yaaaaaaaaaaaaaaaaaaaay. Why pay 4.9% when you could have 0% elsewhere?

bee4321

Kavanne wrote: »

Yaaaaaaaaaaaaaaaaaaaay. Why pay 4.9% when you could have 0% elsewhere?

Well I am not going to pay interest on it as I will only use it like a charge card, HSBC premier have given me a Mastercard and thats 0% for 9 months on purchases however the interesting thing about that is; the purchase and cash advance interest are the same! 11.9%!!!!

bee4321

bee4321 wrote: »

Well I am not going to pay interest on it as I will only use it like a charge card, HSBC premier have given me a Mastercard and thats 0% for 9 months on purchases however the interesting thing about that is; the purchase and cash advance interest are the same! 11.9%!!!!

BUT, the hsbc premier credit card is by far the ugliest thing on the market!

Kavanne

bee4321 wrote: »

Well I am not going to pay interest on it as I will only use it like a charge card, HSBC premier have given me a Mastercard and thats 0% for 9 months on purchases however the interesting thing about that is; the purchase and cash advance interest are the same! 11.9%!!!!

Sorry your previous post implied you were very happy about the rate you would be receiving on purchases