Credit Card Limit

Samsung_Note2

msallen wrote: »

Some people really do exhibit all the attributes of the standard classification of an IQ between 50 & 69 don't they?

I do believe the Oxford Dictionary quotes them as "Window Lickers"".:T

Lebene

Sncjw wrote: »

You say you had enough money on the card to spend on it. But you went over the limit. clearly you didn!!!8217;t have enough. You say that you don!!!8217;t use the card to 100% bit you have done twice now. Spending near the limit will result in this happening. That!!!8217;s why people advise you to not spend near the limit to give yourself a buffer.

You keep talking about China and the USA. Well your in the UK not China. You need to understand the way credit cards work here. It will have said in the t and c when you got the card that if you go over the limit then you will have fees to pay.

You say you don!!!8217;t want an increase but of course you do. You say you want a card between £500-£1000. To me that!!!8217;s an increase from your £500 card. You have gone over the limit twice and if you apply to another credit card company I would imagine they might not look favourably at you for having gone over the limit.

What is your income. There must be a reason why your limit is so low.

I have more than enough money in my account - you place your own meaning on it, and chose that meant my credit card account. If I'm talking about going over the limit, that doesn't make sense - credit, first of all, is not money, it's credit. Or at least that's how I see it, I haven't caught up with the digi-money craze. I'm talking about a current debit account. That is further supported by the fact I state I like to use the credit card to build up savings and just have money in my account.

I keep mentioning China as a reference to where my preconception came from, yet I am on this forum doing exactly what you're saying I should do. Trying to find out the rules here and the paperless options. I keep mentioning the US because I found out they realised banks are making ridiculous amounts of money on soft exploitation (because if we're honest, these limit charges really hit people who are barely making ends meet or have addictions). Just indulge in reading it, it's sensible and short: https://www.thebalance.com/what-is-a-credit-card-over-limit-fee-960704

I said I don't habitually go over the limit. If you have read anything here instead of whatever you're doing, I have mentioned several times this has happened twice in 8 years. And I have never missed a repayment. And I do not use the card if I don't have a job or considerable savings (so tried it in university and never used it again until graduation).

I do not want to go over £500 but there's no such thing as a £510 limit. Want and need are different things, unfortunately, so it doesn't matter what I want because the first time was an honest mistake, this second time shows me that even with caution, any problem can cause it to happen again. Better safe than sorry.

I graduated before I began using my credit card frequently. I had no business using it whilst enrolled (hears the smug cries of, "you have no business using it now!"). The past 4 years have been my most active use of it, but because I have also been abroad many times, that breaks up. Using my credit card/arrears method I managed to save enough in '16 over the span of 6 months of working and took my mother on our second holiday abroad together - the first time being a 2 night Eurostar trip in '07. Being able to save money this way gives you more humane respite. Doesn't really matter to me because they gave me the card when I never asked for it. I have never wanted another credit card so I did not apply for one. I had never gone over the limit before this year so did not need the limit raised should in case an app that is openly advertised as "paperless" has a 1 week lag due to whatever the app developers are doing in their offices.

I asked the woman why I kept receiving a student card although I graduated, and enquired about how there was a phasing out for my current account/student benefits but none for the Student credit card. She said they're not allowed to and I need to apply for it myself if I wanted to make the transition to a standard card. I saw some people say the maximum limit for the Student CC is £1500. I don't know if that is different from 8 years ago, shouldn't matter anyway. Had a little poke around and the disparity in information goes back to around the time mine was given to me: https://forums.moneysavingexpert.com/discussion/1605221/natwest-credit-card-increase-limit So you can wonder away I suppose...

To think people got so offended I used the words "disgraceful" and "not interested" - it set some off, unable to consider that the option to not be able to go over your limit is sensible. Sensible for vulnerable people, for impulse control issues, for dire times in someone's life that can stop them going over the edge, an honest mistake in a busy period in your life whether positive or negative. Or just for when the app malfunctions and shows wrong information for a week. And I still think it's disgraceful that a bank can offer and encourage a service, not deliver and then not allow you a grace period.

My new credit card was accepted so I'll be receiving it in 7-10 days. I will continue to build my credit thanks to none of the select people in here who work from their own composed narratives. Apparently, I'm riddled with debt, with horrendous credit and always constantly go over my credit limit, always. Also, I worked abroad and graduated university with only an IQ of 50 which I think is documentary worthy but don't trust me, my IQ is low. Must just work for the Android team of the app and my op rubbed the wrong way.

Sncjw

Your saying it!!!8217;s a debit card account but your talking about credit card account later on in the post. Plus the fact your posting on a credit card board and your talking about limits

meer53

Also, I do not see why it is too much to ask that a bank in 2018 can update someone's bank information sooner than a week's time. Why can they charge me on a day they won't let me pay?

As you seem unable to comprehend how a credit card works, i'll explain.

The banks/card issuers are not the people you buy your services from. They aren't the people who debit your account. They handle the charges from the retailers who you shop with. If the retailers don't present the banks/card issuers with their information at the time of the purchase, how do you expect the banks/card issuers to debit your account ? Some retailers present their info days, sometimes weeks or months later. This is why YOU should always keep a record of what you have spent and when. That way, you will NEVER go over your limit. If you happen to shop with a company who do debit the same day thats great, but don't expect this from every retailer.

takman

Lebene wrote: »

I do not want to go over £500 but there's no such thing as a £510 limit.

There is no reason why you couldn't get a card with a £510 limit but it would be pretty silly considering using £500/£510 does not look good to lenders when you want to apply for other credit.

Nasqueron

Credit scores are made up, nobody but you sees them. You can have a 999 on Experian as a bankrupt, you can have a score of 500 and get 0% car finance.

Lebene

meer53 wrote: »

Also, I do not see why it is too much to ask that a bank in 2018 can update someone's bank information sooner than a week's time. Why can they charge me on a day they won't let me pay?

As you seem unable to comprehend how a credit card works, i'll explain.

The banks/card issuers are not the people you buy your services from. They aren't the people who debit your account. They handle the charges from the retailers who you shop with. If the retailers don't present the banks/card issuers with their information at the time of the purchase, how do you expect the banks/card issuers to debit your account ? Some retailers present their info days, sometimes weeks or months later. This is why YOU should always keep a record of what you have spent and when. That way, you will NEVER go over your limit. If you happen to shop with a company who do debit the same day thats great, but don't expect this from every retailer.

In the four years I have frequently used my card, I have used mostly the same services. Amazon, Tesco/Asda/Sainsburys/Aldi, TFL and then some misc things but I prefer to use my debit card for eating out.

Never has it taken a week for all of these separate things to update. Never. And it was all the usual companies I use. It was an issue with an app which was advertised by the bank as a good way to be paperless. They've have offered this service and claim it can be used this way.

Lebene

Sncjw wrote: »

Your saying it!!!8217;s a debit card account but your talking about credit card account later on in the post. Plus the fact your posting on a credit card board and your talking about limits

No, I said I like to use my credit card so I can amass money in my savings and my account. I have more than enough money in my account to pay off the credit card.

I don't know what else you want but have a look at this video that was posted today, very interesting about cashless society, it's pretty cool.
https://youtu.be/gysKE3POUv0

Lebene

Nasqueron wrote: »

Credit scores are made up, nobody but you sees them. You can have a 999 on Experian as a bankrupt, you can have a score of 500 and get 0% car finance.

Tell that to someone I knew who didn't build their credit so were denied a mortgage. Even though they had proof they could pay it as they never thought the need for a CC.

He was livid and had to apply for one and start building it.

I will continue to build my credit and not listen to you. There are variables to everything when you apply for financial services. Someone I know whose credit rating leaves them unable to have cards at high street banks still got a mortgage because of variables.

I don't know why I would ignore one variable when I can attempt to stay good on it.

Nasqueron

Lebene wrote: »

Tell that to someone I knew who didn't build their credit so were denied a mortgage. Even though they had proof they could pay it as they never thought the need for a CC.

He was livid and had to apply for one and start building it.

I will continue to build my credit and not listen to you. There are variables to everything when you apply for financial services. Someone I know whose credit rating leaves them unable to have cards at high street banks still got a mortgage because of variables.

I don't know why I would ignore one variable when I can attempt to stay good on it.

You're confusing 2 things:

1) Your credit record which IS looked at
2) Your credit score which is made up and not seen by anyone

When you apply to a bank for finance they use their own scoring system. Even the credit agencies admit their score is made up. You can either listen to people who know what they are talking about or take your own line. Either way I don't care but having a 999 Experian rating does not guarantee good credit. A lower "score" with a good record will get better offers than a high score with a bad record