Vanquis Increases / Statements

Danni.135

Hi,

I've had my card since November 2009 and no increases.
Managed to get my finances in a good order over the passed 12 months so a wee increase would be nice.
I've never missed a payment (direct debit active since November) and also made a few extra payments towards the balance. I've never been over the limit. My limit is £250, never had any bad marks on my credit file, not even late payments.

My 6th statement came through at the beginning of May, and nothing . I've seen a few people got an increase on their 7th statement (after 6 payments) so here's hoping!

I'll keep you updated.

Sam_G_3

Morning everyone!

I had a text message from Vanquis yesterday afternoon telling me that my account limit has been increased from £1500 to £2500 (they last increased my limit - to £1500 - back in January).

I await my next statement to see if my APR has gone up even more (they increased it on the last credit limit increase)!

Hmmm...

BugsyBrowne

Sam_G wrote: »

Morning everyone!

I had a text message from Vanquis yesterday afternoon telling me that my account limit has been increased from £1500 to £2500 (they last increased my limit - to £1500 - back in January).

I await my next statement to see if my APR has gone up even more (they increased it on the last credit limit increase)!

Hmmm...

Just make sure if you hit that £2500 limit pay it off straight away if not your interest will be £115 a month.... or could even be more

Sam_G_3

I only use it for eBay nowadays (and also in case I need to pay for any "unexpected" big bills temporarily), I don't intend on maxing it out.

Interest is ridiculous though - surely the government should be proposing some sort of cap for finance companies, like for example those doorstep loans that charge like 2000% APR or something equally ridiculous...!

TastyTeeth

Sam_G wrote: »

Morning everyone!

I had a text message from Vanquis yesterday afternoon telling me that my account limit has been increased from £1500 to £2500 (they last increased my limit - to £1500 - back in January).

I await my next statement to see if my APR has gone up even more (they increased it on the last credit limit increase)!

Hmmm...

How long have you had the card?

carlislelass

just had new card come through( last one expires June), still £1250 limit ..interest 41%

Sam_G_3

TastyTeeth wrote: »

How long have you had the card?

I've had it since February 2009, so 1 year and 3 months.

never-in-doubt

Sam_G wrote: »

Morning everyone!

I had a text message from Vanquis yesterday afternoon telling me that my account limit has been increased from £1500 to £2500 (they last increased my limit - to £1500 - back in January).

I await my next statement to see if my APR has gone up even more (they increased it on the last credit limit increase)!

Hmmm...

I remember this, they also upped your APR didn't they :eek: :eek:

Giveth with the one hand, removeth with the other!

Sam_G_3

Yeah I know, crafty b*stards aren't they! Still, they fulfilled the main reason I got the card - to rebuild my credit. Next year I might try and apply for a "normal" credit card and see how I get on. I'm sure my credit status must be improving as time goes on?!

seeya23

new lower limit on vanquis

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