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Highest credit limit?
Cherub62
Posts: 5 Forumite
in Credit cards
I am about to start a building project. I am interested in getting a credit card to help with the short term finance of this, so my main priority is a high credit limit, but still on a 0% offer. The duration of the offer is less important. My question is: who gives the highest credit limit (I should have a very good credit rating)? Someone told me that retailer's credit cards (Tesco, M&S etc) tend to give higher credit limits than financial institutions. Is that true?
Thanks
Thanks
0
Comments
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MBNA anecdotally give high limits.
Why do you say you should have a high credit rating? Do you have a long history of managing cards and loans well? It will be needed for the better offers.0 -
Never defaulted on a debt. Homeowner for 20 years. Pay my existing credit card off monthly... etc0
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Sounds good then.
I was fearing a 'well, I've always paid for everything in cash my whole life, never needed to use a credit card, so will have a perfect credit rating' type answer.
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You should be laughing then, try your own bank frst of all.0
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My own bank does not offer 0% deals. They also finance my business - which is carrying plenty of debt, so I like to keep them separate.0
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Certainly not that. It seems from here that the number of applications may affect your credit limit (?) so I don't want to be stuck with a low one with my first attempt. Does anyone have any idea of what is commonly offered for someone with a good history - or is at all 'subject to status' etc.
5K would be a useful amount to me.
Thanks0 -
As mentioned, MBNA tend to give high limits from the outset.Aiming to pay off £50,312.94 in less than 3 years - Starting from December 2015
Current debt total: £32,756.02 (as of 1st March 2018)
Date Free Date Aim: Summer 2019 (8 extra months needed
)0 -
5k should be easily achieveable from most mainstream providers if you have an established credit history.0
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Thanks for your help 0
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Barclaycard and Virgin have both been higher than MBNA for me. Nationwide will tell you the credit limit they will offer you after a soft search.0
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