Halifax Clarity card credit limits

The_Boss

Hi all,

Just wondered how holders of the Halifax Credit card have got on with credit limit increases on this card?

My account was opened in January 2012 with a limit of £1,200 but they have declined increases in September and last week.

The credit limit is the lowest I have ever had and this and all my other accounts have always been properly maintained (either full or minimum + £10 paid on time every month). Over the same period I have had increases on my other cards and last week was accepted for 3 new cards with a combined credit limit of £8k (including an Aqua card) AFTER Halifax refused a limit increase.

So just wondering if they have become one of the less generous with limits and limit increases.

Netwizard

I have just got a clarity card for spending on abroad. The limit is £1k despite a spotless credit history and i even have an ISA with them too.

Also, nowhere in any paperwork or online have I seen reference to what my interest rate is on the card, does anyone know where I find this out? I guess its not a major concern however as it will get paid off in full every month.

Cheers

guesswho2000

I opened mine in June, limit of £2,200, where it has remained, although I haven't held it a year yet so maybe that's it? I haven't asked for an increase as I only use it abroad.

The_Boss

Netwizard wrote: »

I have just got a clarity card for spending on abroad. The limit is £1k despite a spotless credit history and i even have an ISA with them too.

Also, nowhere in any paperwork or online have I seen reference to what my interest rate is on the card, does anyone know where I find this out? I guess its not a major concern however as it will get paid off in full every month.

Cheers

Should be on the statement.
(by the way, do they do paper free statements?)

guesswho2000

The_Boss wrote: »

Should be on the statement.
(by the way, do they do paper free statements?)

If they do, I would advise against taking them, Halifax's online banking is awful, they don't show the original price, just the amount in sterling, it's very basic.

BugsyBrowne

You get a low credit limit then you're classed a higher risk whether you've a spotless credit history or not this could be very little history,credit utilization,debt to income so many factors.

So these will all be taken in when they score you so those who scored the most will get higher limits.

grumbler

£3K+ here for my OH, although the APR is 17.9%.
The history is spotless I think. Two other CCs (zero balances), average salary.

The_Boss

BugsyBrowne wrote: »

You get a low credit limit then you're classed a higher risk whether you've a spotless credit history or not this could be very little history,credit utilization,debt to income so many factors.

So these will all be taken in when they score you so those who scored the most will get higher limits.

The thing is that they may see me as a risk, but 3 new lenders did not (4 if you include Capital One who gave me three times that limit in November) and my other current lenders did not. Hence wanting to see how others have got on with rate increases to see if it is a 'new' Halifax thing as I didn't have this problem with them a few years ago.

BugsyBrowne

The_Boss wrote: »

The thing is that they may see me as a risk, but 3 new lenders did not (4 if you include Capital One who gave me three times that limit in November) and my other current lenders did not. Hence wanting to see how others have got on with rate increases to see if it is a 'new' Halifax thing as I didn't have this problem with them a few years ago.

Remember every lender I'm sure has different scoring systems so one company may score you say 90% which is higher limit where as another company with their different scoring may only score you 60% thus giving you a lower limit.

Credit card companies are all di*ks pal we will never know how these clowns really work.

jen245

My account was opened in July 2011, with a starting limit of £3350, and I got an automatic increase in August 2012 up to £4100, which was nice. I use my card regularly and pay off in full each month

sivs

You can never tell with banks as I got a Lloyds TSB card and they gave me a higher apr 21% but then gave me a large limit 7K, Don't get the high APR if I was such a risk they wouldn't give me high limit.