What is the ratio of earnings to credit limit?

smartsaver

Following on from the thread 'what's your total credit limit' what ratio are your credit limits to earnings? At 32k credit limit mine is about double my earnings & I have had a couple of rejections recently  

johannamse

i have 80% of cc limit compared to my earnings, my partner has 120% of his earnings.

Gotabiscuit

Just over 100%.

deemy2004

my credit limit is about 150% of salary

So tough getting new credit at the moment, will have to get the egg 0% anniversary out of the way before I can apply for new cards.

mary

Unless my maths is wrong:
Income £12K Credit limit £29,450 = 245% approx

sly_dog_jonah

I currently have the equivalent of 99% of my salary in total credit. Until I closed two cards last week, it was 133%. A year ago today, it was only 15% of my salary when I only had an egg. By increasing the limit on my egg and taking out a number of other cards I've gradually built up my total available credit and so far had no rejections. ;D

Margaret_Millne

Between us myself and hubby have over twice our combined income available on credit cards, although it not all utilised. We are currently sitting on our hands for a few months, and cancelling a couple of cards each, to be able to access new deals.

deemy2004

Ive just cancelled two cards , did not get offered any deals , oh well roll on egg anniversary for a nice £300 earner

smartsaver

Which cards did u cancel?

Margaret_Millne

Which cards did u cancel?

Hubby and I both cancelled our Capital One's. Didn't expect them to offer us any deal, but in a few months we hope to be able to get accepted for new cards offering deals at the time.

travel_freak

Am mortified! Just been rejected for a credit card for first time in life on the grounds that I have too much credit compared to my salary! (though might have something to do with the almost £50K I have out on 0% deals at the mo..!). The letter says I can write to them if I have any other info. I'd like them to consider. Does anyone know if I would be successful if I simply wrote and said I agree with what they say but I have plenty of savings and therefore able to pay off the debt, plus all the 0% money is in savings accounts and not spent? I don't really want this credit card except it is giving a freebie that I would like so I don't really mind if they just give me a £250 credit limit. Has anyone tried this approach and if so how did it go?