Credit Limits on New M&S 3.9%LOB/12m 0% Purchases Card

LumpyCustard_2

I got mine today too, with a £6k limit, less than I expected.

My other card limits are (with no outstanding balances on any):
Barclaycard £5k
Halifax £9k
Tesco £3.2k
Nationwide £5.2k

Salary: 40k +

I guess I should close some of the cards I'm not using, might get better limits on any new ones then.

skybluesaver

Recieved mine on Saturday. Disappointed with the £2000 limit but managed to get it increased to £3000. Transferred one of my higher interest rate cards over. Will try & get another increase in couple of months before the 3.9% balance transfer rate expires.

JollyNolly

LumpyCustard wrote:

I guess I should close some of the cards I'm not using, might get better limits on any new ones then.

You might want to read http://forums.moneysavingexpert.com/showthread.html?t=7382&page=3 for an alternative view on closing cards before you do - the issue doesn't seem to be quite as clear as we thought...

demonic_2

JasonW wrote:

Demonic, thanks that also good info for me too, as I sent mines back around Weds/Thurs so shouldnt be long now. Did you get a decent limit? You dont need to say how much, just wondering if it is what you see a decent?

J

Sorry for the late reply. Only got a £1500 limit, but considering I'm a student I'm not complaining...

markquinton

Got an £8000 limit, very pleased as its the highest I've ever been offered. Not going to use anywhere near that, will be surprised if I go over £1000 actually but got it purely for the 0% purchases for 12 months.
Got a Barclaycard with a £4000 limit which is paid off in full every month, earning ~£20k and got a mortgage with my partner also. Used quite a few 0% cards before but have always closed them when the offer's expired.

Beckety

Got my Pin yesterday so hopefully my card will be waiting for me when I get home from work. I was hoping for a £5000 limit so I'm getting a bit worried now seeing what limits other people have been offered.

AMILLIONDOLLARS

Really tossing this one up:think: , I have an amex at 4.9% LOB with a balance of £6152 outstanding, would it be worth trying to switch it to this card? or should I leave well alone, your thoughts would be much appreciated.

Thanks in advance

AMD

Tr@cker

Amex just cut my limit nearly in half from 5k to 2.8k ive only ever used it for the 4.9% LOB and nothing else so im not bothered but ive a feeling i'll be getting a low limit with the M&S card-it must be a supply and demand thing to some extent with limits-and there's obviously been a very big demand for this card.
I was hoping initially to transfer all my CC debt onto this one-about 5k-but i reckon i'll be lucky to get more than 3k.

JasonW_2

Still no card or PIN, so called them and the card will be going out tonight/tomorrow apparently. Couldnt tell me my limit though which i thought was strange. Im so impatient

J

rock_and_roll_star

Had a 2k limit - bit disappointed, was hoping for about 6k. Although I do have a few CCs (3 in total) with balances.

My father also applied recently and had the same limit.