Highest credit limits

Just curious to know peoples highest credit limits? I am hoping to work a few up to 10k+?
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  • edited 5 April 2020 at 5:49PM
    zx81zx81 Forumite
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    edited 5 April 2020 at 5:49PM
    Typically 25 - 30k is the top end for mainstream cards, but the vast majority are a lot lower.  It's going to depend on your circumstances so it doesn't really matter what others get.

    It also depends on the cards you're going for.
  • jones_guitarjones_guitar Forumite
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    I'm guessing the bigger players offer higher?
  • edited 5 April 2020 at 6:00PM
    zx81zx81 Forumite
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    edited 5 April 2020 at 6:00PM
    Not necessarily. It's about risk appetite and customer strategy.
  • moneywow1moneywow1 Forumite
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    Just curious to know peoples highest credit limits? I am hoping to work a few up to 10k+?
    You can always use the Halifax/BOS/MBNA eligibility checkers. They tell you what limit you'll get, without affecting your credit history.
  • jones_guitarjones_guitar Forumite
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    What is company strategy? I am renovating couple of properties soon, and 0 percent is he best way...
  • zx81zx81 Forumite
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    Customer strategy is how you manage your customers to deliver the greatest return. Each company is unique.
  • jones_guitarjones_guitar Forumite
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    I'm guessing it must be normal for many business owners and landlords with a portfolio to have a few credit cards with healthy limits.
  • eskbankereskbanker Forumite
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    I'm guessing it must be normal for many business owners and landlords with a portfolio to have a few credit cards with healthy limits.
    If they used credit cards then they'd make sure they got business ones rather than personal ones, but I imagine that most businesses will negotiate funding in other ways....
  • jones_guitarjones_guitar Forumite
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    I think it depends, I can almost afford to buy another property with no mortgage. The credit card is easier in my case, because the rental income will pay it off. I also can do many trades myself. Some larger businesses can still be sole trader status believe it or not (as long as all of their accounts are in order, why not)?. A credit card can actually be better than a loan if always transferring. One cooperate told me they prefer sole trading businesses as opposed to larger limited companies, as they can put a person to the business. They gave me a credit limited of 30k (workforce agency).
  • pjreadpjread Forumite
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    You've found a conveyancer who'll take credit card payment for property purchase funds?  Crikey, think of the cashback/reward points if that's without a fee.... :smile:
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