Credit limit lower than what I wanted

LittleWelshRareBit

I wonder if any of you helpful people out there can give me any tips with this please.

We have £4500 on a Sainsbury CC at the moment and the 0% period is coming to an end really soon so we need to move to another card at 0% with no balance transfer fee. We applied for a HSBC card and asked to transfer the full amount.

We had no reply so my OH chased it up and spoke to someone who said that we had been granted a credit limit of £1500 but the application had been referred in terms of the £4500 limit. I assume if we had a bad credit rating we would not have been given the £1500. The person my OH spoke to said it was possibly linked to the fact we have not lived at this address for very long (15 months) but I can't remember having this trouble in the past when we moved house.

Our house is on a new estate and whenever we have to enter addresses into websites and enter our postcode for automatic address fill-in, the number of our house doesn't show up, although all our neighbours houses do. My OH is convinced that this has something to do with us not getting the credit we want.

Could he be right, and if so, has this happened to anyone else and have they managed to sort it out? (Did that make ANY sense at all?)

The_Boss

HSBC seem to be infamous for not giving the credit limit people want. Or screwing up in many other ways. They would appear to be the problem, not you.

LittleWelshRareBit

Well its funny that you should say that but just call a call from OH to say that just going through the Post Office online they had granted us a £3000 limit with no problems. We have got some money elsewhere that we were going to put into an ISA but maybe we'll use some to pay off the £1500 difference....

grumbler

LittleWelshRareBit wrote:

Well its funny that you should say that but just call a call from OH to say that just going through the Post Office online they had granted us a £3000 limit with no problems. We have got some money elsewhere that we were going to put into an ISA but maybe we'll use some to pay off the £1500 difference....

Special Briefing: Didn’t get the credit limit you want – DON’T ‘screw them!’
Transfer £3K to PO and £1.5K to HSBC. And put your money into ISA.

LittleWelshRareBit

Thank you. Have read the article and will take your advice.