Which banks offer Highest Credit Limit

[Deleted User]

Hello,

I'm looking at opening a 0% purchases card for around 20 month period (looking at Tesco, Santander, Halifax)

Im trying to borrow up to £5-6K, Does anyone have any experience of which banks in general offers a higher credit limit?

I realise there are many factors involved in the decision, I have a good credit rating, Im mortgage free and still working.

Many thanks,
Dave

Voyager2002

Unlikely that you will get that amount for your first card.

Personally, I have been offered highest limits by Capital One and Barclaycard, but have no idea what they would offer you.

[Deleted User]

MBNA are anecdotally quite generous.

GingerBob_3

Deleted_User wrote: »

MBNA are anecdotally quite generous.

Yes, I have found this as well. I would say they give higher credit limits than just about any other card provider.

InsideInsurance

Deleted_User wrote: »

MBNA are anecdotally quite generous.

Where as they declined me but subsequently got £9,000 and £7,500 limits from Barclaycard and Cap1 - and Cap1 "apologised" that the limit was so low because of the product I had chosen was capped at that, they offered another product which would have had a higher limit but didnt mention what it'd be

The problem is that each lender has its own criteria and so one persons experience can be very different to the next.

Maelwys

dave8989 wrote: »

Hello,

I'm looking at opening a 0% purchases card for around 20 month period (looking at Tesco, Santander, Halifax)

Im trying to borrow up to £5-6K, Does anyone have any experience of which banks in general offers a higher credit limit?

Not sure about the regular Halifax, but when I went for the Halifax Clarity Card fairly recently (I wanted it for the fee-free currency conversion between Euros and GBP) They gave me a 7k Credit Limit right off the bat.

I do have a reward current account with Halifax, although it's just part of my monthly-standing-order cycle and never has more than £800 in it.

I applied for a new Tesco Credit Card (and clubcard) last month when my LUMA and CapitalOne Cards stopped accruing Cashback. The initial limit I've been given on it is 5.5k. Never had a previous clubcard or any account with Tescos before.

My old CapitalOne card has a 7.5k limit on it. Not sure what the limit on the Luma is, but since it's technically through CapitalOne as well it wouldn't be too far off.

fred246

I got a fluid card from MBNA with £20K straight from application. Highest I have had by a long way.

planteria

i would suggest MBNA for high limits too, along with Barclaycard---although despite having my highest limit ever with them now, they seem to vary more than MBNA.

of Tesc/Sant/Halifax i would say either of the latter two. Tesco have always been very cautious ime, whereas the others have been varied.

fred246

It always seems so wrong. I borrow £20000 for 16 months 0% APR. Then I'd turn the telly on and there'd be an advert for a payday loan. £100 for a week. 3000% APR

shane1104

fred246 wrote: »

I got a fluid card from MBNA with £20K straight from application. Highest I have had by a long way.

saying this, a friend of mine got this card recently.. he has another card (think its Tesco) with a £4k limit, however the MBNA gave him £18k right away...


bit irresponsible but hey.. who can complain!

drunk1

MBNA & Barclaycard have both given me 5 figure limits straight off the bat recently.

RBS give generously too, but I think from my experience that's because I bank with them so they see my salary going in which might have helped.