V A N Q U I S

young_victor_meldrew

bigbum wrote: »

I got the same leaflet yesterday with my 2nd statement. But there was nothing about credit card cheques . Maybe there's an increase for you on the horizon :beer:.

:beer: I do hope so! Will let you know, DW found out about her increase when she called the automated number to find out how much she had left to spend! She nearly fell over when the automated voice said what was avaliable! She called C/S to see if it was a mistake and the operator said that her limit had bee increased.

The "upgraded" letter came a few days later! - she didn't get the Watch your credit limit grow leaflet, so maybe its a new thing!

Parki_2

Whats the best way to get your credit limit increased then? Paying off in pull or partially? Spending upto your limit or halfway etc?

cifpower

I got the same leaflet and I just had an increase last month

mistercovert

Parki wrote: »

Whats the best way to get your credit limit increased then? Paying off in pull or partially? Spending upto your limit or halfway etc?

I would like to know this as well. I am still waiting for my first bill after I got my card in April, according to Customer services my bill will be posted out 9th June and I have to pay by July 14th. I want to spend £70-100 a month on the card, I am wondering whether to pay off 90% of the balance or pay off the lot. At present I got the £250 initial limit.

Rob

cifpower

I sometimes pay my bill off in full or over a few months. I also had a nil balance the month before they raised my limit to £1250. There is no rhyme nor reason to it. I think they just want to see you using it.

never-in-doubt

They do not calculate risk/limit increments or cheques based on balance or previous payments. Bottom line is that so long as you pay the minimum, and do not abuse the card or go overlimit then you'll get regular increases.

It is a principle of trust and risk not simply repayment as people can fiddle this to see what system works best... like me; I have 3 cards. I pay one off in full, on the other I pay minimum by DD and a couple of bill payments which clears the amount (3 payments per month) and on the other I leave about £20 balance each month.....

I'm testing the best way to conduct your account. However, i've since been told there is no right or wrong way. Just pay the minimum and never miss payments and you'll be treated the same as Joe Bloggs that clears his in full each month.

Parki_2

never-in-doubt wrote: »

They do not calculate risk/limit increments or cheques based on balance or previous payments. Bottom line is that so long as you pay the minimum, and do not abuse the card or go overlimit then you'll get regular increases.

It is a principle of trust and risk not simply repayment as people can fiddle this to see what system works best... like me; I have 3 cards. I pay one off in full, on the other I pay minimum by DD and a couple of bill payments which clears the amount (3 payments per month) and on the other I leave about £20 balance each month.....

I'm testing the best way to conduct your account. However, i've since been told there is no right or wrong way. Just pay the minimum and never miss payments and you'll be treated the same as Joe Bloggs that clears his in full each month.

Well hopefully I will see some decent increases soon enough

What cards do you have now btw NID?

never-in-doubt

Parki wrote: »

Well hopefully I will see some decent increases soon enough

What cards do you have now btw NID?

I have same mate, no change in last 2 month.... i'll photo some tomorrow for sutton lad, wants to see the 4 variations of HSBC cards which I now have lol.....

Parki_2

How many cards do you have in total?

never-in-doubt

Parki wrote: »

How many cards do you have in total?

3 credit cards mate; Bank of Ireland Gold, Citi Gold and Vanquis. 2 cgc with HSBC.