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Just accepted for Amex card - any idea on my limit?
Comments
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The £1200 limit assumption is a legal thing all card providers have to use.
It helps make things easily dividable by 12 (as 12 months; 1 year) to clearly show interest etc.
What limit did you get out of interest (don’t share if you don’t want to).
You’ll have the card in a few days and you can get the PIN online when the card is activated, although you normally choose a PIN when applying for the card.0 -
The £1200 limit assumption is a legal thing all card providers have to use.
It helps make things easily dividable by 12 (as 12 months; 1 year) to clearly show interest etc.
What limit did you get out of interest (don’t share if you don’t want to).
Ahh, makes sense. They gave me £12k. Didn't have any preconceptions about what they'd offer, but seems quite high!0 -
They are one of the more generous ones when it comes to credit limits0
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I have a 14k limit, never even go over 1k balanceDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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