Aqua credit limits.

gt94sss2

spinningsheep wrote: »

How so? If my balance is £10 at the time the statement is produced the interest charged is minute.

If you don't pay the balance on a credit card in full:

a) you get no interest free period; and
b) interest is charged from the date of the transaction, not the date of the statement..

So you may only have had £10 owning on the statement but the interest would have been calculated on the entire amount.

Virtually all credit cards operate this way - no reason to think Aqua are any different (they are not - just checked)

Regards
Sunil

guesswho2000

£250-£350 in 8 months. Reward card (pending closure end of Jan, so I don't see an increase on the cards, excuse the pun).

I hold 9 cards with limits exceeding £30k in total, so I can see why they're being cautious, though.

matttye

For those who've had credit increases from Aqua; did you ask or did they just give?

guesswho2000

matttye wrote: »

For those who've had credit increases from Aqua; did you ask or did they just give?

I had to ask for mine. Friend got a starting limit of £500 and was refused an increase when he asked.

willLeeds

Mine just came in the post without any request.

bigadaj

spinningsheep wrote: »

How so? If my balance is £10 at the time the statement is produced the interest charged is minute.

Sorry assumed you did this before payment date rather than statement, so you're just paying early and missing out on a few weeks interest free credit then?

Sabbathdei

Hello I have an Aqua card and I have always thought that the max limit was indeed £1600; my limit was £1150 earlier this year. Then out of the blue in November they wrote to me stating : "have a £900 cl increase you lovely person" (or words to that effect ha.) So my limit is now £2050. Interestingly, this is my second limit increase this year, having actually requested one which took me to £1150. There used to be a link you could click on the Aqua website to request an increase but this has disappeared (at least for me.) Maybe they're changing to the Capitol One thing where you get an increase every year when they decide you should have one...?

JustinCredibleGillespie

Just checked my aqua account. They have increased my limit from £1050 to £1550, thats the 2nd this year and I only have the card since May. I actually thought their limit only went to £1600 but now I see that others have limits exceeding £2k. Happy days.

JCG

xx

Voyager2002

Extraordinary!

I have had the card for more than a year: at first my limit was 500, and when I asked for an increase after six months they would only give me 650. Other cards usually give me 5,000 while the limit on my old Egg card was 15,000.

Perhaps my problem is that I always pay off the full amount by direct debit.

Gromitt

Voyager2002 wrote: »

I have had the card for more than a year: at first my limit was 500, and when I asked for an increase after six months they would only give me 650. Other cards usually give me 5,000 while the limit on my old Egg card was 15,000.

They refused point blank to give me a credit increase whatsoever, spouting some crap about "responsible lending". I applied for a Luma card to replace Aqua and they gave me a £1500 limit, and I requested a Nationwide Select card last week for the 18 months interest free credit and they gave me £5000. So I decided that it must be just Aqua who are weird (or don't like the existing credit cards I have, which amount to about 8K).