Requesting an increase in credit limit

PurplePow

I have a Halifax Clarity card, I have now had it 6 months. I have been purchasing on it and paying it off in full each month.

I'm going on holiday in just over a week and ideally would love to increase my small credit limit from £500 to something more, as I would like to use this card for spending out there, rather than exchanging my money into cash and getting a lower rate.

My question is - if I ask for a credit limit increase and it was accepted, how long does it take to be applied? If it takes 30 days, then I won't need it, and don't want to increase it unnecessarily. I haven't been able to find this out.

[Deleted User]

It could be applied immediately if you request it. The 30 days only applies to them selecting you for an increase, not you asking for one.

Tixy

Usually a credit limit increase would be immediate (or maybe next working day).

PurplePow

Brilliant! Thanks

Venusflytrap

Hope you get the amt you need. After 1 year using my Clarity I asked for a credit limit increase from £600 to around £1k to give more leeway when hubby and I spend abroad, and the answer was 'No'; I had been flagged as a 'high risk customer' (never gone over my limit, always pay in full and on time, plus have a Halifax reward current act with a £100 OD). But 2 months later, even though my credit to income ratio was already 42%, got accepted for a NW CC with a 2K limit.

Go figure!