How high is your available cc limit?

JA1000

chattychappy wrote: »

MBNA £20K
Halifax £12K
Barclaycard £10K
Natwest £10K
Nationwide £8K
Abbey Zero £7K
Tesco £6K
HSBC £5K
Post Office £4K

Aiming for the £100k?

chattychappy

JA1000 wrote: »

Aiming for the £100k?

Not far off! I don't have balances on most of them and was quite surprised when I came to write up the limits. I don't have any plans to apply for more though.

I used to have another MBNA card. It had a limit of £24,500 when I cancelled it. This one started at 6K but at my request they increased it to 16K when I cancelled the first one. I didn't request the subsequent increases.

kilasuit

chattychappy wrote: »

MBNA £20K
Halifax £12K
Barclaycard £10K
Natwest £10K
Nationwide £8K
Abbey Zero £7K
Tesco £6K
HSBC £5K
Post Office £4K

All different banking providers EXCEPT Tesco which is backed by RBS as is Natwest.

Take it your salary is equifilent to the limits then?

Cash_Flow

Lloyds £3500
Flybe £1950
Barclays £1150
Halifax £750
Cap One £400

More than enough for me:D

immoral_angeluk

Egg £1000
Barclaycard £900

Will soon be cancelling one of them. Don't want nor need all that available credit and planning on being debt free within a month.

CannyJock

kilasuit wrote: »

All different banking providers EXCEPT Tesco which is backed by RBS as is Natwest.

Didn't Tesco buy RBS out of their 50/50 joint venture end of 2008? Tesco Personal Finance then became Tesco Bank and they underwrite their own credit cards now.

I've got high limit cards with both RBS and Tesco - doubt I'd have those limits if they were still underwritten by same people.

Any

M&S £6600
Halifax £3500
Tesco £2000
Barclaycard £3050
Virgin £2900
Nationwide £1000
Natwest £3500
MBNA £5000

God... didn't realise how much...

I agree with Ja1000 - Loads of people look at cards as evil. It's how you manage them that counts. I don't think I ever paid interest on any of my cards, I make little money out of them (until now - got LOB on my MBNA for new bathroom, cheaper then loan and flexible).
I believe cards are great back up and every person should have one. But only if you use them as back up and don't count "need for a new pair shoes" as an emergency:rotfl:

NinaBlay28

The higher you go the lower the rates

woody01

Amex = £25K
Capital One Platinum = £11K

no_more_cards_for_me

JA1000 wrote: »

I know you have your reasons by I am happy to have a high limit - whilst snowboarding a number of years ago in fading light, yep a good excuse but I broke my ankle

The english medical centre who were fantastic were not interested in any insurance documents I had. All they wanted to see was my credit card. I watched so many people turn up with an insurance certificate and either be refused or get their cards out.

I paid quite happily - you can't put a price on your health. I put the claim in upon my return and the insurance company paid before the cc bill was due.

For this reason I will always have a credit card and I will always encourage others to have them. It's how they are managed that counts.

I know that if I have too much credit the temptation to use it is too great. Amex works well for my expenses and is paid off in full each month (the cashback is an incentive for me) via.

Credit cards aren't bad but they do have to be managed its easy to fall into debt if you don't think about what your doing and have payments sorted. Much like a reformed alcoholic I know I have a problem and therefore cope with it on a day to day basis. Having statements with zero balance is a nice comfort and helps me sleep at night rather than worrying where the next payment is coming from, if anything having been in real debt before makes one very wary of borrowing any money from anywhere.

I do agree about having something for emergencies - having been sick in the states then you needed a credit card to get anything. Fortunately I had insurance which like you paid off the credit card bill.

My egg card was a £15k limit when first approved, that's a very high limit when you just start out.Personally I think credit should start with realsistic limits and grow in line with managment of the account.