Card with largest limit?

beanybot

Hello, looking for a 25month 0% card for buying a car.

Which lender typically gives the best (largest) limits. MBNA, Sainsburys, Barclaycard ?
MSE eligibility checker says 100% (pre-approved) on the MBNA and Sainsburys and 95% on the Barclacard.

robber2

Which car dealer accepts credit cards is the other question you should be asking.


Rob

beanybot

robber2 wrote: »

Which car dealer accepts credit cards is the other question you should be asking.


Rob

Already asked that in a seperate thread, and phoned tons of dealers (ALL of them I called accept CC's).

So I'd rather not get bogged down in that again.

BoGoF

You would be as well asking how long is a piece of string.

DCFC79

Apply for MBNA if your getting 100% for pre approval.

As for the largest limit, can anyone answer that, not sure they can, your credit history will decide that along with information you supply on application.

Use savings or get a loan.

beanybot

DCFC79 wrote: »

Apply for MBNA if your getting 100% for pre approval.

As for the largest limit, can anyone answer that, not sure they can, your credit history will decide that along with information you supply on application.

Use savings or get a loan.

Why would I get a loan? That doesn't make any sense. Obviously I would use savings but I have savings for emergency things. Im not going to spend my savings on a new car lol.

beanybot

BoGoF wrote: »

You would be as well asking how long is a piece of string.

Not really. Some lenders have typically higher limits while others lower.

I've was approved for an AMEX card with an initial 14k limit whereas my Aqua card was 1.2k.

So there is a difference between lenders.

[Deleted User]

It’s entirely circumstantial.

MBNA and Nationwide give you an “estimated” limit when you use their eligibility checkers.

boo_star

beanybot wrote: »

Not really. Some lenders have typically higher limits while others lower.

I've was approved for an AMEX card with an initial 14k limit whereas my Aqua card was 1.2k.

So there is a difference between lenders.

Of course there's a difference between a very prime lender and a subprime one.

The rest are more nuanced and it's nowhere near as black and white as AMEX vs Aqua.

YorkshireBoy

beanybot wrote: »

Why would I get a loan? That doesn't make any sense. Obviously I would use savings but I have savings for emergency things. Im not going to spend my savings on a new car lol.

Use the savings and negotiate a 2% discount (that's the amount the dealer might have to pay his CC merchant). Then use the new credit card for emergencies, whilst rebuilding the savings from income.

If you just want a simple answer, and not alternative (and perhaps better) suggestions then, because i have a £25,000 limit with them, I'd have to say MBNA.

beanybot

YorkshireBoy wrote: »

Use the savings and negotiate a 2% discount (that's the amount the dealer might have to pay his CC merchant). Then use the new credit card for emergencies, whilst rebuilding the savings from income.

If you just want a simple answer, and not alternative (and perhaps better) suggestions then, because i have a £25,000 limit with them, I'd have to say MBNA.

Thanks. Only issue is with above technique is the CC is only 0% for 60 days. so in an emergecy we would be using a CC and paying 20% apr from the off.