Credit limit increase offer

Houndog6105

Should I always accept a credit limit increase if offered it by a credit card company or a store card or catalogue even if I probably don't intend on using it?

Say the limit is relatively small, should I accept the increase?

Willing2Learn

Assuming you are good at managing your budget and your money, then I would accept the increase...

Dobbibill

If it's a small limit then accept the increase. How small is the limit?

Terry_Towelling

Houndog6105 wrote: »

Should I always accept a credit limit increase if offered it by a credit card company or a store card or catalogue even if I probably don't intend on using it?

Say the limit is relatively small, should I accept the increase?

Asking this question suggests you are worried about it. What exactly is worrying you?

Ben8282

As a general rule yes. What specific concerns, if any, do you have about accepting this limit increase?

Houndog6105

No I'm not worried about anything it's just my aqua card was on £500 and after the recent increase offer its now £3950

And the fluid card I got about 4 months ago with a limit of £600 has just been offered an increase of £2300

Also my catalogue was new and it started on £750 and they have a month ago offered an increase to £1750

I'm happy about being offered the increase on my credit accounts but I don't want to be using these high interest cards anymore, I want to move onto some other cards with better interest rates ect

I have about £30 outstanding balances on each of them

[Deleted User]

The interest shouldn’t matter if you’re doing as you should be doing and paying the balances back in full each month.

Get some history of doing that first behind you before looking for more mainstream cards