Shocking level of credit limit increase

dazzaofdagenham

Hi all

I have had a barclaycard initial for a couple of years always with a credit limit of £750....Never asked for a limit increase.

Just used it for internet food shopping and petrol etc...
Normally pay the whole lot off monthly but last couple of months have paid a couple of pounds interest as xmas presents build up.

Last friday got a letter from Barclaycard about my limit increase from £750 to £11500.....I nearly fell over.

I wonder what prompted this ? I know my CCJ fell off my credit file in june and now it is crystal clear...However that level of increase in a tru shoc

Darren

walesrob

No harm in asking them to bring it back down to a reasonable level if it really is that shocking.

Curr946

agreed, if you have no plans in using all that limit ask for it to be reduced.

christ87

i just had an increase of over 40% in mine and that was just from querying a couple of things on my equifax credit file! still not trying to use it - want to pay it off if anything!

iAMaLONDONER

dazzaofdagenham wrote: »

Hi all

I have had a barclaycard initial for a couple of years always with a credit limit of £750....Never asked for a limit increase.

Just used it for internet food shopping and petrol etc...
Normally pay the whole lot off monthly but last couple of months have paid a couple of pounds interest as xmas presents build up.

Last friday got a letter from Barclaycard about my limit increase from £750 to £11500.....I nearly fell over.

I wonder what prompted this ? I know my CCJ fell off my credit file in june and now it is crystal clear...However that level of increase in a tru shoc

Darren

Wow- well be careful and well done

:beer:

sharpy2010

They meant to increase it to £1150, not £11500. You've been EXTREMELY lucky!

zerog

sharpy2010 wrote: »

They meant to increase it to £1150, not £11500. You've been EXTREMELY lucky!

not really.. only if there is a low interest offer on it...

bengal-stripe

sharpy2010 wrote: »

They meant to increase it to £1150, not £11500.

That's what I thought!

It might be an in-putting error, which they will (or will not) notice, it might be just a typo in the notification letter. You better check your limit on-line, maybe it's there at a more reasonable £1150.

NiftyDigits

Which idiot revived this eighteen month old thread?