We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Capital One Classic

I have the base 200 limit since I only just got my barclay card and a new current account in the same few months.

My question is if I pay on 100ish quid and clear it each month what increase can I expect and statement 3?


Same with my barclay card intial and 6 months?
«1

Comments

  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    On statement 4 you will get an increase to £500
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    I would say around £500 too, I ahd my increased from £1000 to £1500
  • selecta_c
    selecta_c Posts: 220 Forumite
    And that is where it will stay for all eternity.
  • borders_dude
    borders_dude Posts: 1,974 Forumite
    Mines went from £200 to £500 in a matter of a couple of months.

    How long till it goes higher I wonder.
    When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
  • selecta_c
    selecta_c Posts: 220 Forumite
    Mines went from £200 to £500 in a matter of a couple of months.

    How long till it goes higher I wonder.

    I was exactly the same as you and 13 months down the line........STILL £500.
    Have spent on it and paid off in full each month.Dont hold your breath.
  • borders_dude
    borders_dude Posts: 1,974 Forumite
    selecta_c wrote: »
    I was exactly the same as you and 13 months down the line........STILL £500.
    Have spent on it and paid off in full each month.Dont hold your breath.

    Thanks for that. Im not really that fussed, I clearly it most but not all months, atleast it looks good on my credit report all these on time payments lol
    When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
  • bingy_burge
    bingy_burge Posts: 618 Forumite
    edited 4 October 2009 at 6:32PM
    Well after 6 month will probably go for another card. Thought they went to 2000 on a classic card.

    People like my friend are probably the reason they lock it at £500 for sub prime customers because they kept my mates going up 3 years ago and he default @ 1500 and could not manage it anymore.

    Anyone know what barclay card intial is like I have started with 400 and I doing 200 od a month and clearing in full.
  • ElkyElky
    ElkyElky Posts: 2,459 Forumite
    Mines went from £200 to £500 in a matter of a couple of months.

    How long till it goes higher I wonder.


    lol I was wondering the very same thing for 2 years until I decided to cancel it.
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • noah271007
    noah271007 Posts: 1,248 Forumite
    I think Capital One do periodic reviews, i had mine increased to £1,100 after £500 initial credit limit (after 4 months) and then another increase of £1,000 to £2,100! Classic have a max credit limit of £2,500.
  • noah271007
    noah271007 Posts: 1,248 Forumite
    Anyone experienced seeing their capital one classic limit reduced?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.