How big is your credit?

always_sunny

I receive my Credit Score from ClearScore and I have had this 1 (and only) negative point for years: "Your largest credit card limit is low"

How low is low? It is £1200 and I struggle to use every month, I like to pay right away!
How much credit do people have on cards?

Despite all the other positives, all accounts always paid, no overdrafts, always on credit, etc
I only use ClearScore for curiosity really, I can sleep at night very tight despite my low score!

[Deleted User]

I wouldn't be concerned.

MallyGirl

ignore the score and keep up with the good behaviour.

My score is not great because I have large amounts stoozed at 0% on a number of cards. This has never prevented me from getting more credit as they look at history and income/commitments, not score.

john2054

i have £3300 on one of my cards.

bearcat16

My highest is currently £15,800 on BA Amex. They only just raised it from £11,300.

Previously my highest was £13,750 with Nationwide select.

But Halifax will only give me £3,000, so all lenders have weird and wonderful quirks.

bowlhead99

My largest limit is £18k with Lloyds (it hasn't changed for years). On the Experian report that's listed as a positive factor. No idea what the tipping point is from 'your highest credit limit is low' to 'your highest credit limit is high'...

The Barclaycard ones (one is a former Egg one) are in the £11-£12k range. Nationwide £12k. Tesco and Virgin are somewhere between £9k and £10k. IIRC the Tesco one started in the low £8k range the summer before last and then ticked up to over £9k (I've only been using it for the 3 year balance transfer offer but topped up the transfer just before the end of the first 12 months).

The Barclaycard one with the £12k limit was my first credit card in my university days 20+ years ago, with a £350 limit which had probably increased to £500 by end of uni, before then becoming a 'graduate' card with £1000-1200 if I remember rightly (a long time back now).

sourcrates

Question to all.

Are most of those cards maxed out ?

Do any of you actually clear those card balances every month ?

john2054

My cards are mostly paid off. They are nice for treats, but you have to be careful with them. Also because i am not working i only pay them when i can, at least the minimum. I really see no point in having a credit card, if you don't pay it back. But likewise, not to pay it in full every time you use it, because then, well you might as well not have it equally! Thanks for listening,

ceredigion

sourcrates wrote: »

Question to all.

Are most of those cards maxed out ?

Do any of you actually clear those card balances every month ?

my total available credit is 25K, biggest single card has a limit of 15k. Total owed is 20k and only pay the minimum.
However before you have a hissing fit :eek: It is all at 0% and is stoozed away. The debt could be settled within the hour if I needed to and if another opportunity to put more a way I would have no problem increasing my credit.
I'm not alone in doing this which is why when you see debt figures for the population as a whole it is a little misleading .

sourcrates

ceredigion wrote: »

my total available credit is 25K, biggest single card has a limit of 15k. Total owed is 20k and only pay the minimum.
However before you have a hissing fit :eek: It is all at 0% and is stoozed away. The debt could be settled within the hour if I needed to and if another opportunity to put more a way I would have no problem increasing my credit.
I'm not alone in doing this which is why when you see debt figures for the population as a whole it is a little misleading .

Don't do hissy fits lol !!

YorkshireBoy

ceredigion wrote: »

my total available credit is 25K, biggest single card has a limit of 15k. Total owed is 20k

80% utilisation is very good. I wish I was up there with you. My numbers are £113K, £25K, and £51K respectively.