Vanquis credit card

cheri15

Hello my vanquis credit card is on its way and I don't know what my limit is yet... I know if you pay on time every month your credit limit can go up (i think it said every 4 months) just wondering anyone who has got 1 is it definitely every 4 months or has it been sooner for people, say if you pay off the full amount, thanks

Gareth19

cheri15 wrote: »

Hello my vanquis credit card is on its way and I don't know what my limit is yet... I know if you pay on time every month your credit limit can go up (i think it said every 4 months) just wondering anyone who has got 1 is it definitely every 4 months or has it been sooner for people, say if you pay off the full amount, thanks

I had one (well still have it but don't use it now). Original limit was £250 and paid it on time (not necessarily in full I don't think). 4 months later they increased to £1000 so for me it was 4 months yes but for others I couldn't say....

BugsyBrowne

cheri15 wrote: »

Hello my vanquis credit card is on its way and I don't know what my limit is yet... I know if you pay on time every month your credit limit can go up (i think it said every 4 months) just wondering anyone who has got 1 is it definitely every 4 months or has it been sooner for people, say if you pay off the full amount, thanks

This does make me smile when people tear their credit report to bits through borrowing what they cant afford then want to know how often a credit builder card do increase's!

cheri15

I can afford it though so don't smile just yet

Better_Off_1983

I have had my card for 2 years. Never missed payments, made payments on time, always paid a bit more than the minimum and then they increased it by £1250.00 in May.

The highest balance I had on there was £700.00 because of concert tickets and a new computer.

I have now cleared the balance and only keep it for dire, dire emergencies because of the high interest rate.

cheri15

Thanks how much did yours start at and how long was it before it went up?

TheGenerus1

cheri15 wrote: »

Thanks how much did yours start at and how long was it before it went up?

I have had a Vanquis card for two and a half years now. I started at £250 and always paid at least the minimum payment, never any late payments or been overlimit.

It was stuck on £250 for one and a half years, then they increased it to £1000 in November last year, then to £1750 in April and now to £2500 this month (just got the congratulation letter through saying that the increase will apply near Septembers statement).

So for one and a half years nothing, then regular increases every 4 months. Try and work that one out.

yellowmonkey

Had mine for 7 month's. Pay full balance off every month and got increase after this months statement from £500 to £1000