Cards with generous credit limits?

andyhe

Does anyone have any real-world experience of credit cards which typically offer higher credit limits? I'm after a 0% interest (purchases) card with a long term and high credit limit. I've read in other threads that MBNA may be more generous with their limits but their card only offers a 20 month 0% interest period. How do Virgin and Post Office credit limits (offering 24/25 month interest free terms) compare? Does anyone have these cards, and if so how do their limits differ?

Does anyone have any other suggestions?

Thanks in advance

planteria

i have found MBNA and Barclaycard to be way out in front of the others limit-wise.. but there are a lot of influences on such things. having such high limits with those two may well discourage Lloyds, for example, from offering a similarly high limit to me.
also, with both M and B i have, over time, merged limits from 2 or 3 cards on to one...so again, this has contributed.
there are 32 and 36 month deal on Balance Transfer from MBNA at the moment. perhaps use those instead?

[Deleted User]

The question is - how "high" is a "high" limit *to you*?

To you, £1000 might be high, which would be achievable with many lenders if you've got a decent credit profile. Or, if £25000 is high to you, then hardly anywhere bar Coutts will give you a shot...

uncreative

Barclaycard and Virgin have both given me limits of 5 figures

CAPTAINBLONDECHICK

andyhe wrote: »

Does anyone have any real-world experience of credit cards which typically offer higher credit limits? I'm after a 0% interest (purchases) card with a long term and high credit limit. I've read in other threads that MBNA may be more generous with their limits but their card only offers a 20 month 0% interest period. How do Virgin and Post Office credit limits (offering 24/25 month interest free terms) compare? Does anyone have these cards, and if so how do their limits differ?

Does anyone have any other suggestions?

Thanks in advance

Virgin currently offering 40 months 0% balance transfer - until 9th Sept

https://uk.virginmoney.com/virgin/credit-cards/balance-transfer/

2.99% fee

andyhe

Thanks! As I don't have any outstanding balances, I don't think a balance transfer card would be of any use? Barclaycard have a 16 month 0% interest (purchases) card, so MBNA looks like the more promising option.

Can anyone with a Virgin/PO card comment re their credit limit compared to their other cards?

tomxlisa

I am guessing your credit file is great, as it's gonna need to be to get the cards your wanting.

andyhe

Thanks for the comments and suggestions. To close this thread, I went for the Virgin card (24 months, 0% on purchases) as I didn't have a balance to transfer. They accepted me but gave me a credit limit lower than I was hoping (around £6k-£7k). I assume the amount of credit already available to me had a negative impact on my application. I'll see whether I can convince them to increase the limit after a few months

Just for the record (as I saw a few people asking about this), they tell you your credit limit on the 'you're accepted' page after submitting your application.

jonesMUFCforever

If you are looking for a big limit over a long timescale then IMO the best rates on a personal loan with free overpayments might be a cheaper option.

Nebulous2

You were hoping for £6-7k, or that's what they gave you?

I've got a lot of available credit and my most recent new cards have both been in that sort of ballpark. They were Santander and Nationwide - who might not give as long as you would like.

olly300

What are you trying to achieve?

If you don't spend actively on your credit cards the card issuers have no reason to give you a high limit.

The cards you use most offered will increase your limits if you are actively using them and paying them off.