When will aqua increase my limit?

sarahlou29xxx

darkidoe wrote: »

Let us how you got on. I have got a card since July and by Nov, had an increase from 300 to 900. Wonder when is my next increase.

Have them a call and they increased it to £1500
Not bad considering I only got it 7 months ago.

donny_jim

Q. Do you spend close to your limit every month ? If not why do you want a bigger limit. At the end of the day, it is too easy to get in it debt, a lot harder to get out of debt. You should only use your credit card for what you can afford.

sarahlou29xxx

I use it mainly for booking hotels for work and trains etc
Normally when I book into hotels they take the room money then put a hold on my card which is there for 7 days.
If I'm travelling a lot with work then it's better to have a higher limit so I can keep using the card.

sarahlou29xxx

I pay what I use back in full every month and never leave a balance.
So no interest etc

Anthorn

donny_jim wrote: »

Q. Do you spend close to your limit every month ? If not why do you want a bigger limit. At the end of the day, it is too easy to get in it debt, a lot harder to get out of debt. You should only use your credit card for what you can afford.

Actually, a limit increase which is not used decreases the percentage of credit used which in turn makes you less of a risk than before. Depends on whether the increase takes you over the overall limit which lenders think is your maximum which is arbitrary and differs from lender to lender.

@sarahlou29xxx what you have in your credit report is a reputation for avoiding interest

Nasqueron

I have a couple of "prime" credit cards (Halifax and Sainsburys Mastercards) and a Barclays Platinum BT card - I lowered my limit from the Halifax from £8850 to £3000 and the Sainsburys from £3300 to £2000 ahead of applying for the BT card so I could get some interest free period to pay off a couple of big purchases - that was 14-15 months ago, I don't go close to my limit on the Halifax card. They wrote to me last week and said they were upping the limit to £3500 out of the blue. I pay off in full every month.

darkidoe

sarahlou29xxx wrote: »

Have them a call and they increased it to £1500
Not bad considering I only got it 7 months ago.

Nice. I am more interested in getting my Halifax credit limit increased from £500 for higher cash withdrawal limit overseas. Shall give it a few months.

tomxlisa

sarahlou29xxx wrote: »

Have them a call and they increased it to £1500
Not bad considering I only got it 7 months ago.

They seem pretty decent at raising the limits, had my capital one card for 4 months now and still remains at £200.

A4445

tomxlisa wrote: »

They seem pretty decent at raising the limits, had my capital one card for 4 months now and still remains at £200.

I believe you have to hold the account for at least 6 months before they review the account for a limit increase.

tomxlisa

Correct, it's just some of these others seem to be raising it after 4 months or so, capital one seem very tight when it comes to increases.