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new capital one offer - credit limit

robnye
robnye Posts: 5,411 Forumite
Part of the Furniture Combo Breaker
has anyone applied and been accepted for the new jan 2008 capital offer

I am interested to hear what credit limit they give

(it is possible that there is a thread already, but i couldnt find one)
smile --- it makes people wonder what you are up to.... ;) :cool:

Comments

  • jojo1978_3
    jojo1978_3 Posts: 1,432 Forumite
    The credit limit will depend upon your credit scoring, and also the amount yoy want to balance transfer
    :)Henry James Born 18/03/2011-11 days late!:)

  • robnye
    robnye Posts: 5,411 Forumite
    Part of the Furniture Combo Breaker
    i havent told them what i want to transfer.........
    smile --- it makes people wonder what you are up to.... ;) :cool:
  • jojo1978_3
    jojo1978_3 Posts: 1,432 Forumite
    Taken from their website

    0% for any balances transferred
    until 1st January 2008
    0% on purchases for 3 months
    Credit limit of up to £25,000 if you transfer a balance on application,
    up to £10,000 if you don't

    2% balance transfer handling fee on the
    amount transferred
    Free Identity Theft Assistance
    Typical 15.9% APR variable
    :)Henry James Born 18/03/2011-11 days late!:)

  • Moggles_2
    Moggles_2 Posts: 6,097 Forumite
    Completing the balance transfer request on a credit card agreement can sometimes speed things up by a day or two, but unless you've already been accepted and told your credit limit, it's best to keep your options open, IMO, and leave this section blank or if asked, state you may be interested.

    Of course, you might want to commit yourself to a balance transfer if you're running short of time, have no other option anyway and, as in this case, the balance transfer could influence the credit limit eventually offered.

    An horrendous story involving Capital One and Lloyds TSB was posted here on 2 October 2006 on the old Best Balance transfers sticky (#199).

    http://forums.moneysavingexpert.com/showthread.html?t=209760&page=10

    Incompetence on this scale is one more reason for waiting until safe receipt of your card before requesting your BT

    Best of luck with whatever you decide
    M
    People who don't know their rights, don't actually have those rights.
  • lynxptc
    lynxptc Posts: 280 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Does anyone know if they base your credit limit on the limits you have on your other cards? e.g if your other cards have low limits then capital one will also give you a low limit?
  • M_Thomson
    M_Thomson Posts: 1,596 Forumite
    Part of the Furniture
    lynxptc wrote:
    Does anyone know if they base your credit limit on the limits you have on your other cards? e.g if your other cards have low limits then capital one will also give you a low limit?

    It is based on many things, that could be one of them. Also, the existing debt to income ratio and things like previous payment history on cards etc.
  • robnye
    robnye Posts: 5,411 Forumite
    Part of the Furniture Combo Breaker
    i had 2 cars - barclaycard - £4K, natwest £6k

    recentyl took out capital one got £6K
    just applied for gemoney, got £4k

    maybe coincidence.....may be not
    smile --- it makes people wonder what you are up to.... ;) :cool:
This discussion has been closed.
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