Which of these credit card providers are the most genrous with credit limits?

ClarkeKent

I know this is tiered to the personal finances of the applicant, but hopefully some seasoned card holders will have an idea at the type of limits offered. Which would you say offered the most generous credit limit of

TSB
Nationwide
First Direct
Bank of Scotland
(I have newly opened bank accounts with all the above)


For example I have always found Virgin, Tesco and Barclaycard to offer much higher credit limits than other providers and I have pretty much had CC with most providers over the last 20 years bar a few such as the above. Santander can be stingy.

I think, perhaps for now with 0% offers being the longest they have been. The size of credit limit now offered on 0% purchase has decreased imo.

Doctor_Duke

You don't mention MBNA. They are normally the most generous. You can check the limit that Nationwide may give you by doing their quotation that doesn't affect your credit file.

Nebulous2

In the last year I have had cards from TSB, Santander and Nationwide. Limits offered were in that order from smallest to largest.

Nationwide also offered a 15% increase in limit after 6 months.

My previous experience would suggest MBNA are the most generous.

Mr.Generous

why would you want the largest credit limit? They will allow you to use it for more than you can settle and pay them extortionate interest, thats how they make money. Your aim should be to stay under the limit and settle in full every month. Read 1000's of posts on here about where it leads if you borrow too much. CC lending is the third highest rate behind only loan sharks and pay day loans.

No_6

If you have Halifax banking try one of there cards,
always got good high limits from them.

bearcat16

Nationwide for me.

Nationwide :£13,750
Amex (Amex issued) £11,900
MBNA :£7,000
Virgin: :£6,600
Lloyds : £4,000

I should point out that my current acct is with nationwide so that probably has a bearing.

darkidoe

bearcat16 wrote: »

Nationwide for me.

Nationwide :£13,750
Amex (Amex issued) £11,900
MBNA :£7,000
Virgin: :£6,600
Lloyds : £4,000

I should point out that my current acct is with nationwide so that probably has a bearing.

£13000 credit limit!! You must have some serious income for such a high limit. Please don't lose your CCs!

Stevie_Palimo

darkidoe wrote: »

£13000 credit limit!! You must have some serious income for such a high limit. Please don't lose your CCs!

I have some high limits on cards but this is probably down to paying off in full each month, cc limit to income ratio does not always apply.

bearcat16

darkidoe wrote: »

£13000 credit limit!! You must have some serious income for such a high limit. Please don't lose your CCs!

There is a simple way to get high credit limits;

Always pay your bill in time, of course, but simply ask for increases as often as possible. Usually every 6 months is the limit.

With nationwide I was not even using the card very much, the bill was about £14 every month. It started at £3,500 a few years ago and every time I asked for an increase the upped it by about £2,500 each time.

I'm just waiting for a good 0% offer from them now so I can stooze the whole lot. The most they've offered so far is 0% for 12 months with a 4% fee, which is no good!