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

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ClarkeKent
ClarkeKent Posts: 336 Forumite
edited 17 April 2016 at 4:57PM in Credit cards
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.

Comments

  • Doctor_Duke
    Doctor_Duke Posts: 303 Forumite
    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
    Nebulous2 Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    Mr.Generous Posts: 3,967 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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.
    Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.
  • No_6
    No_6 Posts: 835 Forumite
    Part of the Furniture Combo Breaker
    If you have Halifax banking try one of there cards,
    always got good high limits from them.
  • bearcat16
    bearcat16 Posts: 339 Forumite
    Fifth Anniversary 100 Posts
    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
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    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!

    Save 12K in 2020 # 38 £0/£20,000
  • Stevie_Palimo
    Stevie_Palimo Posts: 3,306 Forumite
    1,000 Posts Combo Breaker
    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
    bearcat16 Posts: 339 Forumite
    Fifth Anniversary 100 Posts
    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!
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