0% purchase card with (probable) best credit limit?

Legacy_user

The wife is considering getting a 0% card for a big purchase coming up. We want to book a holiday now, but will pay for it (all) in 4 months. Not the most sensible thing in the world but we are very confident (99%+) we will be able to pay it off no problem in 4 months. (We have several lump sums coming in)

Problem is I only have rewards cards, so would get a hefty interest charges if I did it. And my Wifes card is a basic bank credit card with no special offerings.

Alas, what we don't want to happen is to apply for a card only to find that the credit limit is too low to pay for the holiday. I know you can't predict what a lender will offer you, but are any lenders of 0% cards better know or more likely to give a higher initial limit? We would be looking to put about £3000 on the card. what lenders maybe should we avoid if they are known to have low initial limits?

Her credit file has no negative aspects. She should be deemed low risk I would assume.

[Deleted User]

I think you'd struggle to get a 0% card with a limit lower than 3k, as they're aimed at people with decent credit files. You'd be much more likely to be declined than given a very low limit.

Anecdotally, MBNA and Bcard are generous with their limits.

System

Excellent news. Thank you. I just assumed starting figures were around £1200. I've no idea where I got that idea.

[Deleted User]

The £1200 figure is the representative example only.

It's shown on all cards but has no link to the actual limit you might get.

System

What about the John Lewis / Waitrose card? That has the added advantage of being a rewards and 0% card. Something she can use moving forwards after the fact.

Willing2Learn

beany_bot wrote: »

What about the John Lewis / Waitrose card? That has the added advantage of being a rewards and 0% card.

… Add a Tesco card to that list (if you shop there).

System

All these cards likely to offer more than ~£3000 initially?

onlyfoolsandparking

My wife applied for Virgin card (0% on purchases 26 months) back in Nov 18 and was given limit of £8800 from the off if that's any help


Similar circumstances, decent credit file etc.

Willing2Learn

beany_bot wrote: »

All these cards likely to offer more than ~£3000 initially?

If memory serves me correctly, there are a couple of card providers who will give an estimated limit during an pre-eligibility checks. This came up on another thread. From memory, I think Lloyds and Nationwide do this...but cannot be certain as it is all a bit fuzzy... All other cards only tell you your limit after the official application has been processed.

jay1804

MBNA Clever check lets you see your estimated credit limit up front.

[Deleted User]

Willing2Learn wrote: »

If memory serves me correctly, there are a couple of card providers who will give an estimated limit during an pre-eligibility checks. This came up on another thread. From memory, I think Lloyds and Nationwide do this...but cannot be certain as it is all a bit fuzzy... All other cards only tell you your limit after the official application has been processed.

MBNA does and Nationwide does.

Not sure on any others