Curve credit limit increase timescale?

dr_adidas01

gtrain wrote: »

Bit late to the party on this thread but has anyone had there limits increased above 50K a year? I use my curve to pay corporation tax and have maxed it out already...the automatic increase doesn't seem to occur.

Mines Still at the 50k limit and has been for sometime, like you I don't think the automatic increase occurs. I guess you could send them a message to see if they will increase the limit.

The_Urbanite

gtrain wrote: »

Bit late to the party on this thread but has anyone had there limits increased above 50K a year? I use my curve to pay corporation tax and have maxed it out already...the automatic increase doesn't seem to occur.

Yes, I had mine increased to £100k a few months ago.

I expect reports in the usual places should start filtering through of limits being increased beyond that as it's about the time that heavy users who had their limit increased will be after another one.

Marchitiello

Is the limit increase still a thing now that they offered a various level of cards with different limits?

Penelopa.Pitstop

Yes. They didn't want to increase my limit above £50K, even though I was maxed out already. Told me to use card more, which I couldn't because it was maxed out. Some transactions from a year droppped now and I got some limit back, but as soon as I pay corp tax, I will reach limit again.

Fingerbobs

I got to within £5 of my yearly limit a few weeks ago (I was careful not to go over), but haven't had an automatic increase as yet. Do you have to actually hit the limit (i.e. have a transaction declined due to exceeding the limit) before they'll up it?

guesswho2000

Fingerbobs wrote: »

I got to within £5 of my yearly limit a few weeks ago (I was careful not to go over), but haven't had an automatic increase as yet. Do you have to actually hit the limit (i.e. have a transaction declined due to exceeding the limit) before they'll up it?

No, it's all computer based (algorithms automatically analysing your spending), so I'm told, but they can manually intervene.

When mine increased from £10k to £50k, it happened automatically when I was on around £8k. I'm now at £49,999.82, and they won't increase it further, I've got to wait for some transactions to drop off at 12 months, which makes it useless to me for around 5 months now.

My OH hit her £10k limit dead on, and it took a lot of back and forth to get it increased, it didn't happen automatically. They did eventually manually increase it, though.

Apparently they want to see a varied mix of spending, their continual advice is just to keep spending on it wherever you can, and that'll help. They're obviously not going to disclose their exact criteria, but it seems a bit ridiculous given they're not actually lending you any money! I get the AML side of it, but if you can verify the source of the income, it shouldn't matter, in my view. But I don't make the rules, so it's up to them I guess!

So we're now using OH's Curve for stuff we'd normally just pay for by card directly (supermarket spend, for eg) in order to vary the transactions a bit more, rather than just using Curve to spend on a CC where they're not normally accepted, or where there's a larger fee for using a CC (Council rates, etc.).

chamelion

They increased mine to 100k about an hour after I asked today. I've been on since beta days, had a 50k limit for 1+ year.

Penelopa.Pitstop

guesswho2000 wrote: »

When mine increased from £10k to £50k, it happened automatically when I was on around £8k. I'm now at £49,999.82, and they won't increase it further, I've got to wait for some transactions to drop off at 12 months, which makes it useless to me for around 5 months now.

I had to wait for about 2 months for transactions to drop. As soon as I pay corp tax I will max it again and I guess that's it.

Fingerbobs

Just logged into the Curve app to see that my limits have gone up massively. Daily limit has gone up from £3750 to £9k, and the yearly limit has gone up from £50k to £1.6m.

I presume these increases coincided with the second anniversary of opening my Curve account. I have never requested any increases.

tehone

Just checked mine, its the same for me - I've never asked to increase my limits, but have done just under £10K over last 365 days

£9K daily
£1.6m last 365 days

ATM limits
£1K daily
£100K last 365 days