How much is your highest limit on your credit cards?

andyfromotley

I have a £19k limit on a virgin credit card which i am just in the process of closing. I have total available credit of over 40k.

My income is 22k. or £1650 per month.

No_6

167K for me
but this is a internet forum. so I may be telling porkies,
you will never know !


6

M0ney

Mine are;

1st direct £1000
Barclaycard £2000
Santander £2000
Amex £9200

planteria

interesting billyataol..
i wonder if you might be wise to merge some of those limits, such as the two MBNA cards, when you get an opportunity with a good deal. perhaps the Virgin card is still MBNA-backed too?
i went through a consolidation process, from 24 down to 3 over time.. if i couldn't get a useful repeat or spending deal i would merge/close.

Ben8282

I find it hard to believe that any lender would issue an individual credit card with a credit limit of £1 million other than to facilitate money laundering or to an appropriately wealthy individual as a publicity stunt, or in error!
I am wondering if this £1 million credit limit could be the total credit limit of all the business credit cards issued to the employees of a multinational corporation or something?
While it is true that charge cards have no credit limit as such, how much they will allow depends on your past spending pattern. the nature of the charge and most importantly their opinion at the time of authorisation as to whether or not you will be able to pay ... remember the old AMEX slogan 'you can spend what you have shown us you can afford' (or words to that effect).


Although income will of course play its part in determining the credit limit, I think it is determined more by an individuals credit history and use of credit in the past
The highest credit limit I have on any credit card is 15K on 25+ year old mastercard account.


As to somebody new to London such as yourself, the bank into which your £5K pm salary is paid will probably offer you a credit card at some point but I really can't imagine you being given the sort of credit limit that you are imagining you will get especially not on your first credit card.

20aday

My highest credit limit is with Santander at £2,400. My Tesco Bank credit card has a limit of £1,000.

More than enough for me :-).

FireWyrm

jumperabv3 wrote: »

The highest I ever had is the British Airways American Express card with a credit limit of £9,000.
In the US my Ameircan Airlines Citibank Credit Card has a $10,500 credit limit... I don't know anyone who managed to get high 5 or 6 figures of credit limit not in the UK nor in the US.

Two of my credit cards have £10,500 limits. I worked it out a while ago, that between credit cards (of which I have 5) and overdrafts (various), I could borrow about £40K in one go if I was stupid enough. My highest overdraft is a staggering £4000 (I only asked for £400 so I assume someone made a mistake somewhere).

planteria

i must be have read a different thread to you Ben, or perhaps some of the above has been updated, or i have missed parts..
£1MCL on a single card would be incredible, i agree
the OP was referring to £50k/month, i believe

Nasqueron

I had £8850 on my bank CC as they kept upping it even though I never used more than about £500 a month and paid it in full. I was on about £17.5k and American Express (via Nectar) gave me £13700. Sainsburys (again Nectar) to replace the AE one when they started charging I got £3300.

I bumped my limits down to £3000 on the bank one and £2000 on the Nectar one when I got a Barclaycard for a BT for a purchase I wanted and that was £5500 or so

planteria

that was generous from Amex!!
i have always found Sainsbury's Bank to be similarly cautous..
"a BT for a purchase".. you don't mean that? an interest free period for purchases?