How generous are M&S with Credit Limits?

realaledrinker

My original £6K was upped to £12K when I hassled them. They wouldn't give me the £15K I was after. I was told their max limit was £15K.

Original application scored on Experian. Limit increase scored on Equifax!

CurryKing_2

I got a £3k limit on my new card last week and wanted to transfer £4360 from my MBNA card and they just wouldnt do it - They only upped it to £4k after alot of hassling. so it looks like i'll have to pay off the £360 and get the £4k transferred over.

Also i didnt realise before i opened the M&S account that they dont do a "£5 minimum payment" as MBNA do - so on a £4000 tart it looks like i'll be paying out approx £100 per month (taken directly form the savings account that i put it in off course )

Neil

mattb_3

I got a measely 1k on my card. I normally get limits of around 5-10k. I phoned to complain and ask for an increase and they said they wouldn't increase it, so I cancelled.

ks62uk

6k upped to 7k whilst doing BTs

K

researcher

This week my new card arrived with a very disappointing £4.5k - the lowest of any of my cards (highest being £16.5 MBNA) - after a lot of hassle they gave me £5.5k. I'm really disappointed as I would of expected £10k minimum.
I'm getting the feeling that the card companies are tightening up a bit as their bad debts are increasing. They told me they couldn't give me more until they'd observed how I run my account. The £5.5k's now sitting in my bank account earing 5% and all they're going to get is minimum payment for the next 9 months until 0% ends. So I guess they're not going to up it.

Martinslovechild

Can anybody confirm how long it took after applying before M&S approved their application? They emailed me a couple of days after applying to let me know that they would attempt to let me know their decision in 7 days, but as of yet, i've not heard from them.

mary

That's about how long it takes 7 - 10 days. Can anyone
tell me if you have to sign the separate part of the form which is about Direct Debit Guarantee. You just confirm your details, but I would prefer to make manual minimum repayments. Is it an integral part of the agreement which you have to sign or is it optional?

Thanks in advance

Woby_Tide

do you get to know the credit limit on line when you apply or only when they send out documentation/the card itself?

Lucie_2

I applied for an M&S card online & it said they would email me in 48 hours with a decision, which they did. I got the email this morning saying that the agreement would be sent out in the post in the next few days.
It said that I would be advised of my credit limit then.

ccparkhill

They gave me 3K but after calling I managed to get 4k, not bad at a 33% increase I suppose, but less than I was looking for