Is having a high limit on credit cards bad?

SLZ

TheEffect wrote: »

Ironically, I use my Lloyds Avios credit card most, and they wont increase my limit from £1k.

Something I've never gotten about Lloyds is that I got rejected for a Avios card twice despite having a Platinum account (since dropped to Classic, cost wasn't worth it), savings/investments and loan (nearly paid off now!) with them and actually thinking about it, HSBC are of a similar kind when it comes to this.

Barclaycard and MBNA are the best for for high limits as well as American Express if you put through enough each month on one of their cards.

No_6

If you don't use £15k on both cards, what's the point of having them ?

I use my cards up to nearly the full limits, only on 0% BT's or purchase deals, then they are cleared and show as settled on the credit reference sites.
New ones are then applied for.

What is the point of having a card if you can't make money from it.
I do keep the odd card that gives money back for spends but they also change regularly.