Leeds credit card - pointless credit limit!

patman99

I aplied for a Leeds card and got a £2,500 limit.
I earn only £15k a year.

izools

No doubt you have exposure to much less credit in comparison to your salary than angel.cake?

angel.cake_2

savagej wrote: »

I notice it is issued by Barclaycard.

I have an inital card that is not yet 6 months old and I beleive it is an auto-reject for the other two barclaycards you can hold the breathe and simplicity if you apply before 6 months.

Does anyone know if this also applies to cards they issue on behalf of other organisations?

I would call and ask Barclaycard applications line, but I have a feeling they wont have clue what I mean.

Yes, I do have a Barclaycard (which is up to date with no late payments and I make overpayments every month) and I questioned this today but they said it was purely to do with "building a relationship" with them. Clearly my current relationship with them through Barclaycard is not even taken into consideration. I think the rules are made up on a daily basis!!

angel.cake_2

izools wrote: »

What do the total limits on your cards add up to? If you have exposure to a large amount of credit (even if it is not being used) then new lenders would be weary extending you further lines of credit.

As a rough guide, creditors don't like to see applications "exposed" to more than half their salary in terms of credit, so if you earn £30K, and already have £15K or more total credit limits you may get a low limit wherever you apply

My total limits are probably about £25k as, for some reason, I have a £10k limit from MBNA even though I only have £1k borrowed from them and hardly ever really use that account! Maybe I should cancel it when I can transfer the balance.....

angel.cake_2

Cash_Flow wrote: »

Do you have any other credit cards?

If the answer is yes who are they with?

Welcome to the forums by the way:grouphug:

Thank you :beer:

and, MBNA, Lloyds TSB, Barclaycard, Citi.

The Lloyds one is the only one used for purchases and is paid off regularly. The other 3 have £7k balance transfers and are not used otherwise. I was going to cancel citi and MBNA when I can move £3k to another card.