Mint Card

Mr_Softy_Top

After using Capital One rebuilder card and Barclaycard Initial (pretty much the same kind of card 29.9% apr) for the past 12 months I have just been accepted by mint. The apr is 12.3, a vast improvement on my current cards and they have started me off with a limit of £400. Anyone know if this is a usual amount for people starting to prove their credit worthiness?

Innys

That seems a bit low to me.

My GF has just taken out an EGG card. She has no credit history, doesn't own a house, no loans etc etc and earns around £12k. She got the card with 0% on balance transfers for 6 months and a £2k limit. :eek:

Rafter

That is low and is either a reflection of your credit history or your income.

I'd suggest putting some purchases on it and paying off your existing cards much faster, or making a balance transfer if you were offered one.

If you demonstrate you are managing the account properly for at least 3 months, ask them for a balance increase if they don't automatically offer you one.

R.

Mr_Softy_Top

It probably is due to the fact I messed up the first time I had credit 4 years ago through my Clydesdale Credit Card. I missed 3 months payments in a row after becoming unemployed and eventually settled the card through a loan from my brother. I currently earn £18,000 per year gross and usually have to pay for moderate purchases (Washine machine etc) using cash. I guess it just takes time to get a decent credit record.

Mr_Softy_Top

Well I thought I would try another company so I applied to Morgan Stanley. Got a card with 0% on balance transfers for 6 months and a credit limit of £1800. Seems to be no rhyme or reason to what limit or rates individual lenders offer. Still at least I can say bye bye to Capital one rebuilder and Barclaycard Initial now.