Marks And Spencer &more Card

danjberry

does anyone know how they work out the limit? my dad has £5500 outstanding on his CC so i convinced him to apply for this card, waiting for the paperwork now. he earns £55000-60000 a year and has a mortgage of £65000, which is his only other commitment. do you think he will get a limit of roughly £5500? if not i will get him to call them and up it but just wondering if anyone knows how they work this out.

chinagirl

Megatimbo - sorry for being a bit thick here, but am I right in thinking that if my 'total charge for credit' is £524.31 - I am getting a limit of £6000? Ta,

stone7

danjberry wrote:

does anyone know how they work out the limit? my dad has £5500 outstanding on his CC so i convinced him to apply for this card, waiting for the paperwork now. he earns £55000-60000 a year and has a mortgage of £65000, which is his only other commitment. do you think he will get a limit of roughly £5500? if not i will get him to call them and up it but just wondering if anyone knows how they work this out.

His limit will be between £7,000-£7,500.

sloughflint

stone7 wrote:

His limit will be between £7,000-£7,500.

Sorry but this is completely wrong. His/ her limit will be £6000. No more and no less.
You can either use the formula which I gave a few posts up or the figures that megatimbo provided from my post somewhere else.
quick edit. Sorry stone7, I thought you were replying to chinagirl. And yes CG, you are right.

moneyuser

sloughflint wrote:

Cheers.
How did you do that?
I input Marks and Spencer and nothing found.

With trouble
Both M&S and Marks and Spencer returned no results, so just put in spencer and it found it, very strange

Megatimbo

Hello Chinagirl,no you arent being thick i`m glad to inform you that the charge for credit should be right,wife only got her charge/limit to £174.77p so only £2000 but she is happy as its enough to do the BT from the other cards she has

Regards M

danjberry

stone7 wrote:

His limit will be between £7,000-£7,500.

thanks, paperwork actually came this morning and total charge is £655.39 so thanks a lot, that put his mind at rest

TuftyMatt

Has anyone got their vouchers yet?

I was told on my last statement that all points earned up yo 8th October would be converted and sent shortly.

To date I have had nothing and am due £22 to spend in M&S.

Also I recently took out an insurance policy which is worth a £20 voucher and I have not got that either!!

swayze

TuftyMatt wrote: »

Has anyone got their vouchers yet?

I was told on my last statement that all points earned up yo 8th October would be converted and sent shortly.

To date I have had nothing and am due £22 to spend in M&S.

Also I recently took out an insurance policy which is worth a £20 voucher and I have not got that either!!

I havent received mine either. Not to worried though. I'm sure they will arrive soon enough. In very few cases they do not arrive.

Bagger

You have to be patient. They take a long time to send the vouchers.

Bagger