Capital one progress credit limit increases

PNPSUKNET

hey guys just doing some research

capital one used to say they will increase there limit after the 4th statement:

1......after how long
2......by how much
3......how many increases

thanks for the input please say your initial credit limt

costaerer

got a card in april this year. in fact ive never activated it because only got a £300 credit limit, but i did get a letter this week saying were reducing your apr to 29.9% but we cant increase your limit because you havent used your card. im guessing if i had used it it would have been doubled.

Foxy

01/12/08 opening limit 250, after 4th 750, some point before 27/08/2009 raised to 1,100 and raised this month 1,400
hth dee

PNPSUKNET

didnt think they did the progress card in 2008

rictus123

Started at £100, missed a payment - it went through on the Tuesday and was due on the Monday but it was a holiday so didnt get it up after 4 statements. A few months later got a random letter saying its now upto £600. Can only assume itl be upto £1,100 in the next few months. Which i must admit is handy.

cocoloco

Funny enough I got one with £500 limit 3 years ago- always pay on time etc yet keep getting refused for limit increase... What I'm doing wrong?

fozmcfc

cocoloco wrote: »

Funny enough I got one with £500 limit 3 years ago- always pay on time etc yet keep getting refused for limit increase... What I'm doing wrong?

Maybe your finances elsewhere haven't overally improved to give you a higher limit.

If you believe they have as you've had the card for 3 years and behaved yourself financially, then maybe you could apply for a more mainstream card.

paulq

I have the progress, started with 1500 limit but they sent a letter after 3 months reducing the apr, but saying i wont be getting a increase because i haven't used the card. Sygma have just upped my limit as well, i dont even want high limits! You only notice it when you get your statement through :mad:

izools

Well if you don't want high limits call them and ask them to put it back down

paulq

what would that look like the lenders though?

sol198

i opened mine in march this year £300 limit apr 34.5
july 2010 29.9 apr £800 limit

i use about 600 pounds a month on it (75%)and payback at least 400 (50%), balance is usually 200 at bill time, i pay around 400 quid over the month with my minimum payment always paid the first day posiible after statement comes out