The Sub Prime Credit Thread - Part IV

alfred64

Never missed a payment. With only a £100 limit it wasn't difficult to maintain a good record.

That was a classic card. The new application was for a progress card which is harder to get - as you need a good rating to get one. So perhaps capital one see me in a new light!
Be interesting to see what limit they give me.

Innocent_Guy

Guys, booked in for an account review with HSBC next Saturday. My current credit record isn't great and I have way too many searches so do you think I should cancel the review (The general credit check the see what facilities can be offered?) My current credit searches are as follows

Capital One 29/04/2009
Blackhorse 09/05/2009
GE Capital 15/05/2009
Barclays Bank 05/06/2009
Santander 17/08/2009
Halifax 11/09/2009
Aqua 24/09/2009
Capital One 09/10/2009
Vodafone 03/12/2009
Barclays Bank 29/12/2009
Barclays Bank 29/12/2009
Tesco 22/02/2010

Innocent_Guy

I went into Santander and HSBC today and the variance in customer service was HUGE! HSBC are the best bank without a doubt!

Innocent_Guy

alfred64 wrote: »

Quote:
Originally Posted by alfred64
After 2years and 4days with capital one and still on the opening £100 limit, I have closed my account with them.
I have been twice refused an increase - so they can stick it.

Although, I have a cunning plan.....
I'm going to wait a few months and then apply for their progress card and see what happens.





Took izools tip and applied today, and.....

Congratulations, Alfred
Your online application is now complete
We'll be sending you your card in the next 7 to 10 working days.
Your PIN number will be posted to you seperately.


So I will see what limit they give me this time. They really ought to be able to spell 'separately', though.

How long has your classic card been closed for?

Innocent_Guy

BTW good morning all!!

alfred64

Innocent_Guy wrote: »

How long has your classic card been closed for?

Three weeks.

Innocent_Guy

alfred64 wrote: »

Three weeks.

Mine has now also been closed for a few weeks. I may apply for the progress. What is your credit file like if you dont mind me asking?

alfred64

Credit files are good - all green zeros

Has been this way for a number of years. Although there were too many searches at one stage.
Have lived at present address for over 6 years. But my earned income is not high.

So nothing very adverse. Still slightly surprised they accepted me for the card.
Having the classic for 2 yrs probably helped, though.

spiritual1_2

alfred64 wrote: »

Quote:
Originally Posted by alfred64
After 2years and 4days with capital one and still on the opening £100 limit, I have closed my account with them.
I have been twice refused an increase - so they can stick it.

Although, I have a cunning plan.....
I'm going to wait a few months and then apply for their progress card and see what happens.





Took izools tip and applied today, and.....

Congratulations, Alfred
Your online application is now complete
We'll be sending you your card in the next 7 to 10 working days.
Your PIN number will be posted to you seperately.


So I will see what limit they give me this time. They really ought to be able to spell 'separately', though.

couple of points to consider, the progression card has a MINIMUM limit of £300 and they send u out a cca with it to sign and send back to them BEFORE they send out ure card its also in there small print though i realise few years back you were only asked to digitally sign online also limit INCREASE given on FOURTH statement but u gotta play nice, an hey if u only get £300 which is the minimum its still triple.... :A

spiritual1_2

NEW TOPIC:

ok so were all pretty much USUALLY wantin big increases on our credit cards,

so my question is when paying our bills is OVERPAYING ie having it in credit likely to be looked upon FAVOURABLY? or UNFAVOURABLY?

as im sure im not the only consumer to consider this approach



for that matter has anyone worked out any credit limit increase tips OTHER THAN paying on time lol