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Aqua raising Credit Card limit - Credit Rating Effect?
Banjo27
Posts: 6 Forumite
Hi ladies & gents,
I recently got an Aqua Credit Card to boost my middling Credit Rating. They gave me a limit of £450. I have been using it for small expenses and paying it off in full each month.
After 3/4 months they wrote to me saying they were raising the limit to £950 unless I opt out. I was wondering what effect this will have on my Credit Rating? I know I will be using less % of available credit, but will having more credit available be seen as a negative?
Cheers,
Banjo
I recently got an Aqua Credit Card to boost my middling Credit Rating. They gave me a limit of £450. I have been using it for small expenses and paying it off in full each month.
After 3/4 months they wrote to me saying they were raising the limit to £950 unless I opt out. I was wondering what effect this will have on my Credit Rating? I know I will be using less % of available credit, but will having more credit available be seen as a negative?
Cheers,
Banjo
0
Comments
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Given the values involved it is unlikely to have any impact on your ability to get credit compared to the lower limit.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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They done this to me too... initially had a £250 limit with Good history apart from 1 default. After a month of owning the card they raised it to £600. My barclay card on the other hand that i got around the same time gave me a limit of £400 in April and have just announced they are raising it to £800 next month. I see it as a positive tbh... Must be getting better if they are prepared to trust me with more0
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It will probably have a good effect if anything. There are people on here with £30k+ in total limits.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0
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