We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Increased credit limit, should I wind it in to help future applications?

Options
Lloyds have kindly written to tell me that they'd like me to spend more of their money for them. It's no use though, the 0% deal ends next month. Should I phone up (got to use saynot0870) and ask them to, instead, reduce the limit to the current outstanding balance? I want to maximise any future credit limits on new cards now that this has outlived it's welcom.
Happy chappy

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They've been very good to me with repeat 0% fee-free offers, so I'd be tempted to get it increased now - just in case! ;)

    Having a higher limit sometimes does help with other applications. For example, the Co-op run cards say they'll 'look' to match your highest limit elsewhere.

    Either way, if you do close the account, whatever limit you finish up with will still take the usual 1-2 months to be shown as 'settled', and therefore no longer available to you, with the CRA's.


    EDIT: When/if you do come to make the 'repeat' call, the retentions department can be contacted on 0800 032 2044.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    OK, thanks, so just leave it alone is best you think?
    Happy chappy
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OK, thanks, so just leave it alone is best you think?
    I would......
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
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.