Barclaycard credit limit increase

selecta_c

In January i got a letter from Barclaycard informing me that after reviewing my account they were reducing my credit limit from £2000 to £1800.Fast forward to today and i received another letter from them saying they would be increasing my credit limit to £3300 as of the 29th of April.

The only thing that has changed in this short space of time is i have closed 2 credit card accounts that i do not use anymore.Bit puzzled as to what has made them change their minds?

[Deleted User]

You look less indebted so their systems will have picked you up as being low enough risk for an increase.

selecta_c

Deleted_User wrote: »

You look less indebted so their systems will have picked you up as being low enough risk for an increase.

Even though i only closed one of the credit cards last week?

I thought it could take upto 2 months for settled accounts to show on your credit reports?

cte1111

My OH has just had a big credit card limit increase from Barclaycard, the letter came today. We've not changed / closed any other credit cards or loans so maybe they are just doing a periodic review.

selecta_c

cte1111 wrote: »

My OH has just had a big credit card limit increase from Barclaycard, the letter came today. We've not changed / closed any other credit cards or loans so maybe they are just doing a periodic review.

Just seems strange????

2 months ago in Barclaycards eyes i could not be trusted with a 2k limit yet now their offering me over 3k.

Atom

Maybe it's to do with your income ? you closed other cards to free up some credit and they gave you an increase the other guy didn't and still got an increase but maybe he has a higher income ?

selecta_c

Atom wrote: »

Maybe it's to do with your income ? you closed other cards to free up some credit and they gave you an increase the other guy didn't and still got an increase but maybe he has a higher income ?

Thing is i got made redundant last month,was lucky and got another job straight away but now i'm on 5k less a year than i was in January.

Though i would imagine Barclaycard would not be privy to this info as i have not told them.

datostar

selecta_c wrote: »

Though i would imagine Barclaycard would not be privy to this info as i have not told them.

They haf vays of finding out.............