Credit card spending limit help

spendermender

I have a nationwide credit card with a limit of 1000 , does this mean i get a 100 spending limit every month as long as i pay my minimum payment or more and if so what time every month does the new spending limit kick in.?

Tiddlywinks

Eh?

Did you read your contract at all before you signed it? If not, read it now - what does that say?

paulmcerlean

Pardon me? !!!!!! are you talking about?

bengalknights

The £1000 limit is inclusive of all transactions if you spend £1000 in one month and then pay only £25 off the next month you will only have £25 available to use.

bengal-stripe

You can spend up to £1000 on the card (as long as it is available). If you’ve spent close to your limit, but only pay the minimum, there is hardly anything more available, as almost all the minimum payment will be swallowed-up as interest.

But, if you pay the whole balance (or substantial amounts) then you can go up to your limit again in the next month.

You must stay at any time within your limit.

spendermender

ahh crap i dint check

Tiddlywinks

spendermender wrote: »

ahh crap i dint check

Wind up, surely?

spendermender

Not at all Thanks for your help though

Saints2011

Tiddlywinks wrote: »

Wind up, surely?

Must be :rotfl:

chanz4

the others are wrong, its £1k every month call the call center and confirm they wont laugh much

Saints2011

chanz4 wrote: »

the others are wrong, its £1k every month call the call center and confirm they wont laugh much

Please explain, £1000 credit limit is a £1000 credit limit to spend daily, weekly, monthly, yearly however you see fit.