What does 'your largest credit card limit is low' mean?

LplateSaver

At what point does it stop giving that warning/negative? £1800? £2000?

MABLE

My score with Clearscore has gone up by 35 points this month even though I have about £9000 just added to my credit card for stoozing purposes.
Also one search dropped off.

tomxlisa

What about the average age thing that I posted above, is that to be taken note of or is it another credit score (not worth the paper it's written on) type thing?.

fruitisbad

tomxlisa wrote: »

What about the average age thing that I posted above, is that to be taken note of or is it another credit score (not worth the paper it's written on) type thing?.

Having had an account for a long time would indicate a level of stability and security so would be a factor, how much it's hard to tell.

mj_coop

nikkos123 wrote: »

Hey all!

So I've downloaded the new ClearScore app meaning I've seen my credit score for the first time ever!

As well as the score out of 700, it has broken down the list of positives and negatives on my file.

The only negative is listed as 'your largest credit card limit is low'

I have only one credit card with a £1,400 that I've regrettably never actually used.

What on earth does 'your largest credit card limit is low' mean and how can I fix this?

It may be irrelevant but I have a £2000 overdraft and a loan with £5,500 remaining, the loan I have never missed a payment for meaning I have a quite good overall score

LplateSaver wrote: »

At what point does it stop giving that warning/negative? £1800? £2000?

I had this issue on my Clearscore and it was bugging me so I called my credit card provider and asked them to up the Limit and this got rid of this negative and in turn created a positive on clearscore. My Limit was £1050 and it went up to £1650. So the threshold must be around £1600 I'd say

Anthorn

nikkos123 wrote: »

Hey all!

So I've downloaded the new ClearScore app meaning I've seen my credit score for the first time ever!

As well as the score out of 700, it has broken down the list of positives and negatives on my file.

The only negative is listed as 'your largest credit card limit is low'

I have only one credit card with a £1,400 that I've regrettably never actually used.

What on earth does 'your largest credit card limit is low' mean and how can I fix this?

It may be irrelevant but I have a £2000 overdraft and a loan with £5,500 remaining, the loan I have never missed a payment for meaning I have a quite good overall score

A higher credit limit gives you access to more credit without overstretching your finances or having to apply for new credit. It's telling you to apply for a limit increase. Personally, I just ignore it although it is a negative influence.

Fireflyaway

I just had an email from clear score telling me my score is down. Logged in and the welcome page says my score is actually up 103 points not down. However the number displayed is 103 less than last month! Also no reason is given for the change. Nonsense.

nic_c

These statements on the CRA score sites are more sales pitches telling you why you need to be concerned and how you could best salve that concern by taking out a paid subscription.

john2054

Whatever you do, don't open a card with mbna. i got a card with them, and they force you to repay your debts in full each month. pathetic.

MallyGirl

good grief - are you still on about this?
I, and many others, have credit cards with MBNA that do not require you to pay in full. Either you have a charge card or you are misunderstanding. Please just call them and sort it out rather than keep posting the same thing on unrelated discussions