Accept new credit limit?

chelseablue

Emily_Joy wrote: »

Check all three credit files - it might be the case that your new Virgin Card has not been reported to CRA yet. Then apply for Clarity ASAP. It is generally better in cases like that to apply for cards "in bunches".

Another option would be to negotiate with Barclaycard their Barclaycard Platinum Travel Card. You need to call them and ask if they can swap the card you have for the Platinum one. If you just apply, they are likely to refuse the application as they wouldn't want you to have two of their cards.

No, the Virgin card hasn't been reported yet. So I applied for the Halifax Clarify card and was accepted.
Don't need it until our holiday in December, but at least its sorted now.

I'd like to keep the Barclaycard I have now which is the cashback one, which I believe they no longer offer to new customers. So I'll be hanging onto it until they pull it :rotfl:

Emily_Joy

chelseablue wrote: »

No, the Virgin card hasn't been reported yet. So I applied for the Halifax Clarify card and was accepted.
Don't need it until our holiday in December, but at least its sorted now.

Congratulations. If you fancy their famous £20 cashback, just use it to pay for something in foreign currency within next 3 months.

[Deleted User]

If you're only checking a snapshot of your credit files from say MSE or Clearscore then you won't see the account on there yet until they get updated in the next monthly cycle

Nasqueron

sparkey1 wrote: »

Never reduce your limits. Its an indication of credit risk, it raises your utilisation levels and when it takes you above 30 and 50% utilisation affects your ability to get credit.

You will always struggle to get them back again.

Its a myth that lots of available credit will stop you getting more. Using it to much will, but not using it wont.

Trust me, I have a lot of high limits!

I had a fairly high credit limit compared to salary (around £9000 on one card, £4000+ on another) and lowered them both and successfully got a BT card the next month with a balance higher than I needed. I was using about £800 on the £9000 card each month for spending (lowered to £2500 iirc) and spending about £500-600 on the other (lowered to £2000) - still well within the 50% limit. Both cards have subsequently offered me increases

chelseablue

I would like to lower the Barclaycard limit as every time I log in and see £13k it bugs me as I hate odd numbers :rotfl:

easterbunni

chelseablue wrote: »

I would like to lower the Barclaycard limit as every time I log in and see £13k it bugs me as I hate odd numbers :rotfl:

Ask them to up it to 15 or 20k? :rotfl:

MABLE

chelseablue wrote: »

I would like to lower the Barclaycard limit as every time I log in and see £13k it bugs me as I hate odd numbers :rotfl:

I know how you feel mine is £23,000. :rotfl: