New to Stoozing

booklover

Hello everyone

Well, I'm considering doing some stoozing :j and am new to it, so a bit nervous about doing it properly but am keen to make some money if possible...

I've read the guides and think I have a basic grasp but still have some questions I hope you dont mind answering.

I've had 2 credit cards over the last 10 years, and always paid them off every month in full. My OH and I are currently using Cap 1 Cashback CC and have a joint credit limit of 7.5k. We usually have around £2k on the card each month and as mentioned pay this in full.

I would like to apply for a Tesco CC as it seems very good for the 0% interest free purchase period and would be an opportunity mabbe make a little money.

Anyway, my q. is 1. what credit limit wouod be likey to be offeed- does it depend on salary?

2. For example if were offered 4k, we will have spent that amount in 2 months.

My OH and I have a good credit record so hope that makes a difference to the amount of credit we are given.

All advice much appreciated.:T

Fiona

danthemoneysavingman

Hi,
I would suggest yes the limit will be based on the salary you state. It will likely also take into consideration other credit limits you have.

Good credit history or not they have to consider overindebtedness. for example i received a limit 10% of what I normally get offered due I suspect to the sum of my credit limits elsewhere. so you take your chances really, no guarantees!

HTH