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Santander no fee but beware limit

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

Comments

  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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?
  • 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
    shiny76 Posts: 548 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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
    Marchitiello Posts: 1,304 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    Just received my card, £7k limit so I guess as usual it is based on Individual circumstances
  • 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.
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