0% credit cards

robin61

I've noticed that the illustration given on the longest 0% credit cards (spending not balance transfers) credit limit is around £1200.
I understand that the credit limit is always subject to status but £1200 isn't worth me bothering with for the purpose I had in mind.
Do any of you guys have any idea whatsoever what a realistic credit limit would be likely on one of these cards for someone with a good credit rating, own home and an above average salary could be ?

Thanks.

[Deleted User]

£1200 is a regulatory illustration. It has no bearing on the actual limit you'll get.

Someone starting out may get a couple of hundred. Better risks will get around the 10-15k mark easily.

SuperHan

I have £16k on one card. On another they won't consider giving me more than £5k.


I'm relatively well paid, homeowner, good credit.

HogMan

Last year I applied for 2 0% cards within two weeks.


The first came with a low limit the second a much higher one. It all depends on the individual lender

robin61

Thanks guys. I guess the only way I will find out is to apply. If it's not worthwhile I guess I can always tell them I don't want it.
Is applying for credit cards and then not going ahead likely to impact my credit rating much ?

HogMan

When you apply a hard search will be recorded whether you go ahead or not.
Too many hard searches in a short period will impact your credit history.

bigadaj

robin61 wrote: »

Thanks guys. I guess the only way I will find out is to apply. If it's not worthwhile I guess I can always tell them I don't want it.
Is applying for credit cards and then not going ahead likely to impact my credit rating much ?

Number of searches might have an adverse impact, one and probably two in isolation will above little to no impact.