We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

New card advice

Options
Evening all - new user, be gentle!

I'm close to paying off my Virgin Money credit card, which has a £6k credit limit, which still has 8 months 0% left on it.

I was going to clear it, close it and then apply for a new card elsewhere to hopefully get a similar credit limit (as got a holiday to pay off and a long 0% offer would be great plus leaves £3k for other spending!)

Applied for a Sainsbury's card on Saturday with 27 months 0% purchases and BT but was only given £3k limit which only covers the holiday. Rang the next morning to immediately cancel as this wasn't what I was hoping for. My incomings have increased and outgoings decreased since taking the Virgin card out.

I am concerned I've shot myself in the foot now though with cancelling the card immediately - is this the case?

Also, and I understand it's normally on individual basis, but it there a card company that typically offer bigger credit card limits?

Thanks in advance!

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.