Transfer credit card limit to new card?

spidereyes

Im just wondering if anyone knows if banks would transfer the credit limit on one card to another?
I bank with Natwest and have done for years, they've been pretty generous with the credit they've given me, £2k overdraft limit (£1K of that is interest free at present) and I had a £500 limit credit card.

Ive now been accepted and received a £1100 limit rewards credit card.

There is only a 1% interest difference between the two cards - although I pay in full each month anyway, but obviously if the new card is a rewards card it makes more sense to use that instead, which means I cant see myself using the old card unless I actually have to.

Does anyone know if I can effectively close my £500 card and just get them to up my new card balance to £1600 or would they not do this?

I asked their online chat but they said Id have to phone them, Ive spent ages on hold and I wont be able to get to the branch until the weekend.

Thanks

guesswho2000

spidereyes wrote: »

Im just wondering if anyone knows if banks would transfer the credit limit on one card to another?
I bank with Natwest and have done for years, they've been pretty generous with the credit they've given me, £2k overdraft limit (£1K of that is interest free at present) and I had a £500 limit credit card.

Ive now been accepted and received a £1100 limit rewards credit card.

There is only a 1% interest difference between the two cards - although I pay in full each month anyway, but obviously if the new card is a rewards card it makes more sense to use that instead, which means I cant see myself using the old card unless I actually have to.

Does anyone know if I can effectively close my £500 card and just get them to up my new card balance to £1600 or would they not do this?

I asked their online chat but they said Id have to phone them, Ive spent ages on hold and I wont be able to get to the branch until the weekend.

Thanks

MBNA used to do this apparently, not heard of other providers allowing it but you never know.

The_Boss

spidereyes wrote: »

Im just wondering if anyone knows if banks would transfer the credit limit on one card to another?
I bank with Natwest and have done for years, they've been pretty generous with the credit they've given me, £2k overdraft limit (£1K of that is interest free at present) and I had a £500 limit credit card.

Ive now been accepted and received a £1100 limit rewards credit card.

There is only a 1% interest difference between the two cards - although I pay in full each month anyway, but obviously if the new card is a rewards card it makes more sense to use that instead, which means I cant see myself using the old card unless I actually have to.

Does anyone know if I can effectively close my £500 card and just get them to up my new card balance to £1600 or would they not do this?

I asked their online chat but they said Id have to phone them, Ive spent ages on hold and I wont be able to get to the branch until the weekend.

Thanks

You can only ask, but don't ask them to close it first as no guarantees they add it on - make it a condition that they transfer the credit before closing it. They may be able to tell you but iit will be another phonecall rather than branch visit.