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Credit Card Limit Increase! Good or Bad
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Reemo12
Posts: 10 Forumite
in Credit cards
Hi Guys,
Halifax keep increasing my credit limit on my credit card automatically. I got a letter in the post a few days ago, it is now £5000, does that indicate i have a good credit rating? They do this every couple of months.
Halifax keep increasing my credit limit on my credit card automatically. I got a letter in the post a few days ago, it is now £5000, does that indicate i have a good credit rating? They do this every couple of months.
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Not really no it just means they don't see you as a risky customer and your running your account as they would like. They don't do a credit search every time they increase your limit unless you ask for an increase. The downside to this is if you want to apply for another card to take advantage of a 0% offer etc...having to much available credit on your Halifax card can count against you.0
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