Hsbc Credit card - Limits

sadia85

I have been using my hsbc credit card since march this year with £500 limit on it which i use around £370 every month and pay back £300 each month and they dont seems to be increasing my limit.

My friend told me just pay little over the minimum payment for few months and they will increase it because im not giving them business to make some money out of my account.

Please advice.

YorkshireBoy

sadia85 wrote: »

Please advice.

Simple...repay it in full and show them you're not spending £70 more than you earn each month.

As to your friend's advice, ignore it! Making only the minimum payment on such a low balance would, in fact, make it appear you're struggling.

SnowTiger

sadia85 wrote: »

I have been using my hsbc credit card since march this year with £500 limit on it which i use around £370 every month and pay back £300 each month and they dont seems to be increasing my limit.

My friend told me just pay little over the minimum payment for few months and they will increase it because im not giving them business to make some money out of my account.

Please advice.

I see it this way: every month your outgoings add up to £70 more than your income. If I were HSBC I don't think I'd be too eager to increase your limit. :rotfl:

The days of living on credit are over.