Which banks offer Highest Credit Limit

engineer_amy

I started off with a 5k limit on Barclay card, within a year they had increased it to £13k where it has remained. I actually changed my settings to prevent automatic limit increases.


When I applied for the Tesco CC in February this year, they offered £7900 straightaway, the highest initial offer I have ever been offered as a new customer.


from memory I think I have always been asked the amount of credit limit I would like when applying, or if it was a balance transfer card, asked the amount of the transfer. So I have always kept it low, its possible if I asked for higher, I could get higher.

shane1104

I recently took out my first C/Card with Santander, after being rejected by Lloyds (my own bank, who offered me the card "pre-approved") i was initially offered a limit of £5k, but i asked them to lower it, the lady claimed she can drop it to £2k but no lower (no idea how true this is, i did my app over the phone)

Anthorn

Deleted_User wrote: »

MBNA are anecdotally quite generous.

+1 for MBNA but not necessarily all that generous. In my own experience falling short on a full 6 years spotless credit history but nothing otherwise negative I got the MBNA Low Rate Card at an increased APR of 11.9% with a relatively low limit although reasonable of £800.


So if my experience MBNA will take a chance but they won't stick out their neck too far and they want the odds stacked in their favour. But they do a compulsory soft credit search and quotation which can be accepted or refused so not a lot to lose in applying.

[Deleted User]

Thanks for all the responses!

MaDMaX**

another +1 for MBNA

they gave me 8300 striaght off the bat, highest i have had so far

but i have a barcaylcard that i have tried to cancel several times

started with a £300 limit now have £5000 and they gave me 12mths 0% on transfers and buying stuff,

i am just about to cancel again, but just got accepted for a Virgin card with 0% for 24 months! and think barcalycard are now offering 36 mths 0% so will see what they do this time

its def worth having two or three cards to bat against each other

i might like to add all my balances are clear ATT

lisa110rry

Natwest gave me an initial limit of £11,500. It's the only card I have and I don't even know the pin number. I got it before purchasing two business class flights to Australia, for the purpose of the guarantees. I have it set to be paid off by dd each month, but most months there's a zero balance anyway. I only use it for on line purchasing.

Candyapple

MaDMaX** wrote: »

i am just about to cancel again, but just got accepted for a Virgin card with 0% for 24 months! a

Incidentally, what limit did Virgin give you?

MaDMaX**

Candyapple wrote: »

Incidentally, what limit did Virgin give you?

they gave me 5K

i have £5K with Barclaycard and £8300 with mbna

just cancelled my halifax which was £4k, this mornig then applied for the Virgin card ( i used the halifax for abroad as is the best for exchange rates etc, but not going away for a few years now)

mp3duck

Don't all credit companies base your credit limit on your income as well as credit utilisation elsewhere ( as well as many other factors of course)?

Would it not make more sense to say what your credit limit is as a % of your income, do give a better indication? (or just state your income?)..
I guess sharing your income is "not the done thing" in the UK, but the person above saying they got a 20k limit with MBNA might well earn over 100k, and therefore not really be a big limit compared to income..

Just a thought..

my experience is I have a Barclaycard that was initially around £4k limit (I was earning a bit of 30k at the time application), which eventually crept up to over 10k.. I opted to lower the credit limit once I cleared the balance, so it's now around 6k.

I recently applied for the Santander 123 Card and my limit is around 6k, on a 45k income.

MaDMaX**

mp3duck wrote: »

Don't all credit companies base your credit limit on your income as well as credit utilisation elsewhere ( as well as many other factors of course)?

Would it not make more sense to say what your credit limit is as a % of your income, do give a better indication? (or just state your income?)..
I guess sharing your income is "not the done thing" in the UK, but the person above saying they got a 20k limit with MBNA might well earn over 100k, and therefore not really be a big limit compared to income..

Just a thought..

my experience is I have a Barclaycard that was initially around £4k limit (I was earning a bit of 30k at the time application), which eventually crept up to over 10k.. I opted to lower the credit limit once I cleared the balance, so it's now around 6k.

I recently applied for the Santander 123 Card and my limit is around 6k, on a 45k income.

well if they do then prob sounds about right for what you have, i earn around £52k so sounds about right,

but how do they know how much you earn, i mean your credit check doesnt reveal this does it ?? so they can only take your word for it and go on your current credit etc,