First CC, £500 limit, is this a joke?

Saints2011

+ if its a first credit card the apr will be huge with no deals on one would think..

Nine_Lives

Looks like i was lucky when i was given £1,800 on my first card with no history then.

Superheavy

£500 was my first cc limit as well, but within a few years I had plenty more on a range of cards. Just be smart with it and avoid missing any payments and they will normally increase your limit within 12 months.

Rupert_Bear

berbastrike wrote: »

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

My first cc was an Access card and had one issued to me in 1973 with a credit limit of £150.00.

Fruit_and_Nut_Case

Rupert_Bear wrote: »

My first cc was an Access card and had one issued to me in 1973 with a credit limit of £150.00.

Ah, the good old days. My first was a Master Charge (sic) from Citibank round about the same time. I can't remember what the exact limit was; probably around $1000.

mjr

berbastrike wrote: »

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

Worth mentioning as this is your first card, remember this will be £500 total at any point in time, so if you spend up to that limit in one statement period, you cannot spend anything else until the bill has been paid otherwise you'll go over limit.

Incidentally my first CC about 15 years ago as a student, I don't think the limit was even in three figures , so £500 as a start with no credit history sounds entirely reasonable.

chattychappy

I got £250 with Access in 1985. No problems with payments etc.

But then got only £100 on Barclaycard in 1990.

HappyMJ

Does stoozing still actually work these days?

boogiemaster

At least some people have a credit card and I would be happy to get £500