M & S card - laughable credit limit

A_little_stressed!!

my first card just under 3yrs ago was Natwest who I had been banking with for over 20yrs gave me a whooping

£160!!!!

wasn't worth the plastic! Built my credit rating up with that and got £1500 8months later from Amex

Rupert_Bear

I remember my parents telling me that in 1971/2 when the banks first launched Access the average credit limit was about £150. How times change changed!

However not sure with inflation what that credit limit would now equate to.

tanyab

I dont think the original posters credit limit is the issue.
Some people think it is a decent amount and some don't .
For me and for alot of people who have commented the real issue is the original posters seriously bad attitude!
Tanya

YorkshireBoy

Rupert_Bear wrote: »

I remember my parents telling me that in 1971/2 when the banks first launched Access the average credit limit was about £150. How times change changed!

However not sure with inflation what that credit limit would now equate to.

Around £1,600 using the retail price index, and £2,800 using average earnings.

http://www.measuringworth.com/ppoweruk/?redirurl=calculators/ppoweruk/
http://www.thisismoney.co.uk/historic-inflation-calculator

Mozette

YorkshireBoy wrote: »

Around £1,600 using the retail price index, and £2,800 using average earnings.

http://www.measuringworth.com/ppoweruk/?redirurl=calculators/ppoweruk/
http://www.thisismoney.co.uk/historic-inflation-calculator

Thanks for those! When often moaning about how much "whatever" seems nowadays, I've always wanted a way to find out if stuff was actually so cheap back in the day.

The_Boss

Can I just seek clarification as to who the M&S card is operated by? Is it currently MBNA?

gt94sss2

The_Boss wrote: »

Can I just seek clarification as to who the M&S card is operated by? Is it currently MBNA?

HSBC

Regards
Sunil

gazelle8760

ianfreeman wrote: »

I applied for an M&S credit card following Martin mentioning it here, and went on holiday. When I returned it had arrived, with a ridiculous credit limit of £1,500.

I called to ask why the limit was so low, and a very sniffy woman told me that "due to the current financial climate, we are not offering higher limits".

I informed her, in an equally sniffy manner, that, due to the current financial climate, a £1,500 credit limit was about as useful to me as a pork chop at a Jewish wedding, and told her to cancel my card!

I have several other cards with credit limits averaging £10k and an immaculate record for paying on time and never in full - I am the model customer.

Still, their loss!

Laughable yes, not the card but YOU.

I am an ex m&s Financial Services employee, and I dealt with customers like you on a day-to-day basis, who had nothing better to do with their time, but to waste mine instead.

Whinging and Whining over trivial matters. If you have nothing better to think about in life other than how much line of credit you can rack up, then I feel very sorry for you. Platinum AMEX makes you know more of a better person, it just tells potential lenders that this individual is a prat, who has so much disposable credit to his useage, he becomes an even greater risk, and still wants more.

Your lucky to be offered the £1500 limit, because I am surprized underwriters haven't questioned your needs for these cards, or the fact that too many cards could constitute desparation and or fraud. If you have so many cards as you say you have, then you obviously won't be any loss to m&s will you, after all it's themselves that will favor, for they won't be the ones left with a bad debt long after you have decided the AMEX has become unaffordable. Remember, people and jobs are never safe, so enjoy what you have, you never know when you may lose the lot! As for the model customer, NO your not that, your a lenders worst nightmare!!

Dabooka

Blimey, can't we all just learn to get along?! :rotfl:

Yes the OP is clealy offended by the offer, but if you've had limits of 10k pls, you would see this as a knock. Others on this board appreciate the logic of the decision maybe, but it appears to be the OPs first ever example of a reduced offer. He's declined it, as is his decison.

I'm not condoning the attitude at all, but if something on here bothers you ignore it rather than flaming.

CopperPlate_2

It doesn't have a particularly high minimum income level from memory - it's operated by HSBC who also operate the John Lewis Partnership Card, first direct and obviously their own HSBC credit cards. There might be issues if you have credit cards with all these other brands and then try to get a M&S card.