First CC, £500 limit, is this a joke?

Legacy_user

£500 is nothing, I was hoping for at least £1000 for stoozing. Can I ask for a higher limit?

[Deleted User]

You can ask but I doubt you'll get it. First credit cards tend to come with a low limit until you've proven you can handle it.

It's not a joke, it's a reflection of the risk.

Lith

berbastrike wrote: »

£500 is nothing, I was hoping for at least £1000 for stoozing. Can I ask for a higher limit?

Do you really think they hand you £1000+ straight away ?

Prove to them first

Deleted_User wrote: »

It's not a joke, it's a reflection of the risk.

Exactly

lindens

if you have been well behaved after 3 months they generally raise it to at least £1000

System

see if i spend £500 and then pay it off at once in 3 months time, is this good or bad

MoneySavingUser

I think I had £500 at the start with Halifax - it's £1500 now - could be higher but I never use it so haven't asked

garth549

£500 is actually quite good if you've no credit history.

When I was 19 my first credit card limit was £200 from Capital One. You'll find it goes up if you manage your payments properly. £200 turned to £1000 after a year and into £7500 within 4-5 years

Fruit_and_Nut_Case

berbastrike wrote: »

see if i spend £500 and then pay it off at once in 3 months time, is this good or bad

Not sure what you mean...

"at once" is not the same as "in 3 months time"

chanz4

have to walk before you can run, remember cards are short term

Gromitt

berbastrike wrote: »

see if i spend £500 and then pay it off at once in 3 months time, is this good or bad

Maxing out your card is bad. Spend about £375 (75%) and pay every month without fail or lateness and it'll soon be increased.

eschaton

berbastrike wrote: »

£500 is nothing, I was hoping for at least £1000 for stoozing. Can I ask for a higher limit?

What good is £1,000 for stoozing?

You really need to add another zero on the end to start making it worthwhile.