Vanquis Bank Credit Limit Increase

Birdcake

I don't think Vanquis love me anymore. They kept upping my credit limit up to the point where it was around £3000. I paid the card off and now I think they've reduced it to £900.

They were always very eagar to up my credit. I never liked them though. High rates and very poor customer service.

bobbyc86

Had mine for over 2 years and still at £250.. and use it every month and pay it.

jeonatl3

It took about 8 months for me... but went up from £250 to £1000.

sefton

I had a Vanquis card with a £150 limit and never had an increase. I had no late payments with them or anyone else but never had an increase in 3 years.
I then got a Barclaycard with a starting limit of £800. Then almost straight away my Vanquis limit went to £550 and then 4 months later to £1500.

Deep_In_Debt

I had a Vanquis card with a starting limit of £500 and had increases over the course of about 2 years until my limit reached £3000. I never spent anywhere close to the limits (petrol money only once a month) and cleared the balance in full every month.

PaulW922

Thrugelmir wrote: »

Card companies earn fees from usage as well.

Correct, but it is the merchant acquirer that earns those fees, rather than the card issuer.

AndyBSG

UKGuy007 wrote: »

I've had a Vanquis card for 20 months and no credit limit increase! I have no idea why...

Same here.

Had mine for just under 2 years with a £500 limit.

I usually spend up to £100 a month on it(gone up to £250 on one occasion but I generally just use it for petrol) and pay it off in full every month.

Not had a single increase in credit limit or been contacted about one.

Lordon

Hi everyone,

I got my vanquis credit card on 13th nov 2014 and started off with a £250 credit limit. At first I used to pay my balance off in full each month but after the 4th month statement when I expected my increase I didn't get one so I started paying the min payment by direct debit each month but always payed an extra £50 to £80 onto the card each month aswell. I got an email from vanquis on the 6th July saying my credit limit would be increased to £1000 on the 6th August, I really hope this helps anyone who is wondering how long it will take for credit increase.

I know a lot of people say these credit cards are a joke and interest is very high but if you run your account well don't miss any payments and don't go over credit limit then you will be fine I used to buy everything with cash and never had any debt under my name and it effected my credit rating as there was no way of companies knowing how well I pay. I would recommend only using this card to rebuild credit and not for shopping sprees as that could become dangerous

Thanks ��

Andyuk

I have had my Vanquis Card since April with a £250.00 limit. Always pay in full, but 2 weeks after my fourth statement no notification of an increase next statement so presume I am not getting one :-(

browneyone

I'm 6 or 7 months in and no increase