Can't get a 0% and can't fathom why!

Simon7685

Deleted_User wrote: »

I've never known this to be the case with any lender.

It most likely isn't. I didn't maybe put it accross as well as I could, all my thinking was that from a profit point the person who uses the card and then carries a balance, has to be worth more than someone who uses the card and then clears the balance every month.

I'm not even sure if a CC company would be able to see that info or not from a credit report, in which case it probably would only apply if you had a second card from the same lender.

Like I said I don't think I am any sort of expert on this, it just struck me as a possible way of them operating. I think I would be thinking along those terms if I was in that business, which is probably why I'm not!:rotfl:

Curiously and slightly off topic but I think some companies definately think like this when it comes to limit increases, based entirely on my own experience of course.

I started off with Vanquis nearly 3 years ago with a £250 limit. I used the card every month and paid in full. They rang me every month trying to get me to take their PPI and saying I was in line for a limit increase. The months went by paying in full every month after using around £150 to £200 of the available credit. It took 9 months before I ever got an increase in the limit and I am convinced that was connected to paying in full every month. I wasn't really profitable to them? In that time I also got the Aqua card which started at £250 and went up to £1100.

Now nearly 3 years later, I am moving over to prime cards and will be ditching the others 1 by 1. Curiously the Vanquis card has still only ever had the one increase and has the lowest spending power of anything I have.

That is where I hatched my theory about lenders looking towards those they make the most money out of more favourably than those that they don't.

I am probably way off the mark but it does seem to make some sort of sense to me.

Sorry for going off topic OP.;)