Santander no fee but beware limit

nmitcm0

Santander are offering a no fee 0% card
A great offer but do be aware dont do the balance transfer until you have had the limit confirmed. They are very stingy with the limit eg for me I have moved credit card debt around often and had limits of 5,6,7k but they only gave me 1700 so didnt pay off my expiring 0% card so im off to get another card

BoGoF

nmitcm0 wrote: »

so im off to get another card

You hope........maybe the lower credit limit is maybe an indicator that lenders view your level of available credit as a negative.

It sounds like you are a serial balance transferor (made up word). What have you done with the old cards.....are they still open with available credit?

[Deleted User]

That's how credit cards work - they look at your current limits and decide what they think is best for you based on that (against income and other things)

shiny76

nmitcm0 wrote: »

Santander are offering a no fee 0% card
A great offer but do be aware dont do the balance transfer until you have had the limit confirmed. They are very stingy with the limit

Perhaps they have just calculated what they are willing to risk in your case.

I was very pleasantly surprised by the credit limit I was offered a few weeks ago. I got more than 2.5 times the amount I expected - despite having 4 other cards with 'average' or higher credit limits. It meant I could do 2 BTs rather than the 1 intended.

Marchitiello

Just received my card, £7k limit so I guess as usual it is based on Individual circumstances

Penelopa.Pitstop

I have high limits on different cards and 2 years ago when I applied for 0% transfer fees card, Sainsbury declined me, Natwest or RBOS offered such measly limit that I didn't even proceed. Then Tesco and Lloyds gave me decent limits. So it all depends on a company, customer and risk they see in you. I won't bother with Sainsbury or Natwest/RBOS in future, no point. MBNA and Barclays are the best for limits in my case.