Same Credit Limit

[Deleted User]

AllieKat wrote: »

That was in the US where it absolutely is.

But it doesn't here - so it's just confusing people

AllieKat

How so? I made it very clear where it happened and simply used it to illustrate the fact lenders *do* look at your credit file when setting limits. Obviously, it wouldn't be set to an authorised user limit here!

[Deleted User]

AllieKat wrote: »

How so? I made it very clear where it happened and simply used it to illustrate the fact lenders *do* look at your credit file when setting limits. Obviously, it wouldn't be set to an authorised user limit here!

What happens in the US has absolutely no bearing on the UK.

AllieKat

That's just not true. These are massive global enterprises, and subject to local regulatory and market demand differences, they generally behave the exact same way (as three 6.2K limits pretty much proves). It's common sense and an appeal to human instinct (e.g. 'I won't use X because they didn't give me as big of a limit as Y') to use existing limits in setting new ones.

Such a human instinct that marketers want to appeal to extends well beyond any national boundaries That said, *what* those limits are, doesn't. My first credit limit in the US was $15,600. Here? A mere £2,500.

[Deleted User]

AllieKat wrote: »

That's just not true. These are massive global enterprises, and subject to local regulatory and market demand differences, they generally behave the exact same way (as three 6.2K limits pretty much proves). It's common sense and an appeal to human instinct (e.g. 'I won't use X because they didn't give me as big of a limit as Y') to use existing limits in setting new ones.

Such a human instinct that marketers want to appeal to extends well beyond any national boundaries That said, *what* those limits are, doesn't. My first credit limit in the US was $15,600. Here? A mere £2,500.

I lived in the US for 8 years and they use a completely different score system (FICO) which bears no relation to the model in the UK. I should know - I work in financial services.

So you mentioning limits in the US is completely unhelpful and pointless.

Raxiel

I just applied, and was accepted for, a Barclaycard balance transfer card. The limit they gave me was exactly the same as the NatWest card I was transferring from.

I just assumed it was similar risk profiles result in similar limits. Still twice as much as I actually needed, but I'm not complaining.

AllieKat

If you find it completely unhelpful and useless, then just pretend I didn't give my own example of the most crazy version of this behaviour (giving a 15600 USD limit for a first card to match a limit). It was just a funny story, and this behaviour has nothing to do with scoring and definitely happens here.

Banks here definitely match limits, and I think it's absurd to deny that the limits the OP states are matched limits. I'd put money on it, if it was possible to get an honest answer from the banks. They're, to me, clearly matched limits.