Tesco Foundation Changed

browneyone

I think mines the 12th of November

Bogdan_Cariman

£250 limit @ 29.9%

onthefencepost

I'm guessing foundation credit reviews are more often than regular Tesco credit card holders? Anyone know how often they review accounts?

I was told by Tesco that you cannot apply or receive a credit limit increase in the first 12 months?

Any light on this?

Dandytf

onthefencepost wrote: »

I'm guessing foundation credit reviews are more often than regular Tesco credit card holders? Anyone know how often they review accounts?

I was told by Tesco that you cannot apply or receive a credit limit increase in the first 12 months?

Any light on this?

12 months is correct.
Though you can chose to be 'considered' for auto inceases when a card is active.

I think it's advisable to setup dd for at least minimum payment, no missed payments and always in initial limit to be considered for auto increase.

I thought I was in 50% limit though since checking I used the dizzy heights of 137 from 250 limit with 25 min dd setup no missed payment since card opened last year.

Hasn't done any harm as I received auto increase letter 12/11 to 600 a few days ago.

As ive got conf of road tax 12 myths today (cheque payment) I can continue to pay off Tesco and vastly reduce cap 1 from 276 (450 limit)

That will be me until 2017, my Tesco card@600 +Luma 1000 (55 balance)

These will be my home and car 'emergancy cards if required next year)

I'm not in any position at all to run up hundreds of cc credit.

Though I have found I can manage to use these cards on an emergancy basis only if and when required.