How to get the most out of my ABL?

moneysavingallday

Can someone tell me exactly what my ABL can do for me please?
My ABL at HSBC is around £14k and yet my OD limit is only £1.5k and my credit card limit is £3100. So what does the ABL do for me exactly then? What is the point of it? If my ABL is £14k why've I not automatically been given a big credit cardl imit or OD limit? If I was to ask them to increase my OD limit, how high would they go then?

Scousebird_2

ABL's no longer exisit for personal customers. Even before they stopped being shown, they were only an indication and other factors are considered alongside before approval. But now this is no longer something that operates since they were abolished.

moneysavingallday

Scousebird wrote: »

ABL's no longer exisit for personal customers. Even before they stopped being shown, they were only an indication and other factors are considered alongside before approval. But now this is no longer something that operates since they were abolished.

When were they abolished? I saw mine approximately 2 weeks ago...

Scousebird_2

Is your personal account linked to a business account or do you hold a business account (or previously held one)?

The only time ABL's will ever show now is on an application page and that is not usually shown to a customer. But ABL's were something that came up before an application in the past-now they don't. If you are referring to the top of the profile screeen then they are not on there now.