Spending limits on new credit cards?

sanchosser

Hello,

I have used two credit cards over the last two years -- both on an annual 0% charge.

What I have discovered with both these is that your limit starts at about £1,000 and increases each month.

My first question is: Do you have to use the card to get the limit increased?

And, secondly, is there any 0% card out there that would allow me to make a purchase of around £5,000?

(Or is that asking too much?!)

Thanks for reading.

nrog52

Hi,
I applied for an Amazon Card in May and got a £6400 limit which i used to partially pay for the HUGE car we now need for three children!! this also netted me a whopping £45 in amazon vouchers!!!

Martinslovechild

It all depends very much on your credit history, so it's impossible to determine whether you would receive a credit limit of £5,000 or £1,000 to be honest.

The general rules that I work to are to keep your credit applications to less than 10 per year and check your file regularly - a credit card or loan that you believe to be closed (or 'settled') may not be, so it's worth checking.

If it's any help, my Capital One card has a limit of more than £20,000.

sanchosser

Thanks -- they are huge amounts!

To add my "findings", both Halifax and Sainsbury's offer about £1,000 on start-up (both these were 0% interests for the year).

M_Thomson

sanchosser wrote:

Thanks -- they are huge amounts!

To add my "findings", both Halifax and Sainsbury's offer about £1,000 on start-up (both these were 0% interests for the year).

They offered £1000 on start up to yourself, but as other posters have mentioned it varies on each persons circumstances.