CC with a high credit limit

spendaholic75

Thanks Excel 1966. I did wonder if I was doing more damage by applying for a few in fast sucesssion.

Yes, it is genuine. I'm just trying to get myself out of the hole I got into by stupid partying etc in my early 20's!!!! :-( My own fault, I now.

Ok, so maybe the best thing to do, is stop applying & just concentrate on paying off my Virgin card. I do have a £2k overdraft limit which I am always in, so maybe that doesn't help either. I only earn £19k, but am looking for a new job, so hopefully one will come up that pays better.

Thanks

money_honey

Just FYI, when I first got my egg card I had a fairly low limit - think it was about £1000, but they've put it up and up and up and I now have a £6000 limit. It seems in my experience quite often the slightly more cautious lenders give you a lower limit than you want, but as long as you make repayments on time every month they will increase your limit without you having to ask. When egg increased mine I was able to transfer my rather large overdraft onto it with a 0% transfer offer they were doing at the time (they do it every now and then for existing customers).

spendaholic75

Thanks money honey. I might try that!

chattychappy

exel1966 wrote: »

MBNA are normally the most generous when it comes to credit limits.

This has been my experience too. My limit got to £23,500 before I applied for a second MBNA card. I got a low limit on that, rang them up and cancelled the £23,500 card so I could have a higher limit on the new card. I requested £6000 on that (didn't need the rest, and was concerned it might reduce my chances of getting other cards). They agreed, but within a couple of years the limit increased to £19,000 as of a year or so ago. Didn't bother rejecting the increases as I was getting some pretty good offers from MBNA.

Barclays/Natwest have been the next most generous. £10K to £12K (have cancelled and reapplied a couple of times).