Aqua card - credit limit highier than £3750

john1002

£4450 for me having had the card just over 12 months.

A4445

Imagine how much the interest would be if you owed at £4450 @ 34.9% crippling!

john1002

Even more scary is how much my yearly statement showed how much I have used the card over 13,000 worth of transactions but have never paid any interest and as I have the cash back card gives a little back. Your right though on any credit building card if you paid interest it would be difficult to make inroads, and any drop in income would be difficult.

John

A4445

A rough estimate would be £1500 per year in interest!

vinny_vimto

I have an 8k limit on Aqua had it for 5 years. I also have 3 other cards barclaycard, MBNA and lloyds all with 5-6 k limit all 0 % and my income is only £22k a year.

chuckley

aqua have 3 different card right? so surely each one has it's own level of 'increases/limits'?

moshoodo1

I have Aqua Advance with reduced apr every year, less than 2years now and I am now on £6,900 Limit.
they give me increase every 4months.

darkidoe

moshoodo1 wrote: »

I have Aqua Advance with reduced apr every year, less than 2years now and I am now on £6,900 Limit.
they give me increase every 4months.

What's your APR at the moment? Has it decreased after the first year and by how much?

tomxlisa

Vikipollard wrote: »

I suspect you may find that it is because you have multiple searches on your file. Might be making you look desperate for credit?

Did you check your files before you applied (anywhere)?

I am guessing it is the searches which are causing me a huge problem as I have no other negatives on my files, I will leave it a few months by that time they should all be off my reports, so hopefully by then I should start to get more positive news trying to get credit.

Cazz1993

I have an Aqua card and got it when I started my first job, just over a year ago. I was only on £420 a month and was accepted straight away.