Credit limit increases

callistris

Vanquis started with £500 increased 6 months ago to £1000
Cap1 started with £1500 no increase, and not expecting or wanting one!
Aqua started on £500 had a letter 2 months ago saying limit to be increased to £750, but that never happened:)

hadahardyear

i just phoned Capital One and they refused an increase however Aqua, who i also just called, approved an increase straight away from £350 to £550

loony2012

hadahardyear wrote: »

i just phoned Capital One and they refused an increase however Aqua, who i also just called, approved an increase straight away from £350 to £550

Same as me Crap One never give an increase and said each account is different and only some can be sent to underwriters. They a bunch of BS'ers...

BugsyBrowne

hadahardyear wrote: »

i just phoned Capital One and they refused an increase however Aqua, who i also just called, approved an increase straight away from £350 to £550

They have to be careful with credit limit increases on there classic and progress card as these are cards for the poor credit scorers, where as their World MasterCard they are excellent with their increases hence the reason you need an excellent credit score to obtain one of these.

Maestro.

I wouldn't want a limit on the Vanquis card any higher than you would spend in a month anyway, as carrying a balance on their interest rates is crazy. They are putting up limits to several thousands but not decreasing the APR at all, they're !!!!!!s!

My granite card has £500, quite a nice number I think, and even over a period of 56 days I would only spend max 2/3rds ish of that.

Maestro.

loony2012 wrote: »

Same as me Crap One never give an increase and said each account is different and only some can be sent to underwriters. They a bunch of BS'ers...

I fell out with Crapital None when they rejected an application from me on grounds that they couldn't verify my identity... bureaucracies aside they could just have asked me nicely to send some bills and a bank statement (etc) and they could have had my business, but no...

loony2012

Maestro. wrote: »

I wouldn't want a limit on the Vanquis card any higher than you would spend in a month anyway, as carrying a balance on their interest rates is crazy. They are putting up limits to several thousands but not decreasing the APR at all, they're !!!!!!s!

My granite card has £500, quite a nice number I think, and even over a period of 56 days I would only spend max 2/3rds ish of that.

I need a higher limit just to Rent a van. Initial limit doesn't even cover the cost of deposit and they wont accept my Debit card...

rartherinv

Vanquis has the more successful subprime business model out of the two, their retail deposits are increasing rapidly so they have more money to lend, if you carry a balance and pay on time you will be fast tracked to a big limit

savagej

rartherinv wrote: »

Vanquis has the more successful subprime business model out of the two, their retail deposits are increasing rapidly so they have more money to lend, if you carry a balance and pay on time you will be fast tracked to a big limit

Do you have any idea what their maximum limit is? I started at £250, the went to £500, then it jumped to £1500 in 9 months. They must like me as even my own bank did not increase my limit as quickly. I saw somewhere I think that it could go up to £3000, which is high given the cost of borrowing from them.

James

Bubbles0803

I am looking to get a Granite Credit Card but want to understand the benefits. I have tried to get in touch with them but with no luck. I am interested in the quote around you receive 15% reward if you shop at Sainsbury's can any one out there tell me if this is true or what they offer as they site is not that helpful