New credit card where I can specify low limit?

gwbuk

 I want to get a new card to use just for net purchases, CPAs etc, and to keep separate from my other card usage. I also want a low limit with this card as an additional, admittedly slight, protection.  No fixed fee is a must and I don't care about the rate as I'll pay off each month. Does anyone know of a card that allows the customer to specify the limit at the time of application (obviously lower than the provider's own default limit for my profile)?     Googling with relevant terms has proved difficult! 

[Deleted User]

Go for any card and then just lower the limit to what you want.

Alternatively, go for something like aqua or Vanquis.  

However, as it's not your money if someone uses your card without your permission, it's not necessary to lower the limit.

D3xt3r5L4b

Just take the limit your offered.

gwbuk

Deleted_User said:

Go for any card and then just lower the limit to what you want.

Alternatively, go for something like aqua or Vanquis.  

However, as it's not your money if someone uses your card without your permission, it's not necessary to lower the limit.

It's also the CPAs I'm bothered about. I don't want to be £k's down while I argue a service providers charges (not the cc company) are  wrong. 

[Deleted User]

The CPAs would be more of a problem with an insufficient credit limit as you'd be £ks down plus overlimit fees.

Malkytheheed

Are you worried about spending too much? If so, you shouldn't get a credit card at all yet until you have the financial discipline. 

As for worrying about "protection". That's a non issue. 

Fighter1986

gwbuk said:

Deleted_User said:

Go for any card and then just lower the limit to what you want.

Alternatively, go for something like aqua or Vanquis.  

However, as it's not your money if someone uses your card without your permission, it's not necessary to lower the limit.

It's also the CPAs I'm bothered about. I don't want to be £k's down while I argue a service providers charges (not the cc company) are  wrong. 

The solution to this is to check your account regularly enough to spot an unauthorised transaction as soon as it happens.

The scenarios you're talking about sound like they'd fit a pre-paid card better than a credit card. 

MinuteNoodles

Remember a card with a high utilisation of the credit limit, which you're likely to have with a card with a low limit, can affect your ability to get credit.

In regards to CPAs that's easily solved - don't put anything with a CPA on the card.

dr_adidas01

MinuteNoodles said:

Remember a card with a high utilisation of the credit limit, which you're likely to have with a card with a low limit, can affect your ability to get credit.

In regards to CPAs that's easily solved - don't put anything with a CPA on the card.

Not always true unless you only pay the minimum amount, a low limit card even with high utilisation as long as the balance is paid in full after the statement is produced can increase your ability to get credit.

Fighter1986

dr_adidas01 said:

MinuteNoodles said:

Remember a card with a high utilisation of the credit limit, which you're likely to have with a card with a low limit, can affect your ability to get credit.

In regards to CPAs that's easily solved - don't put anything with a CPA on the card.

Not always true unless you only pay the minimum amount, a low limit card even with high utilisation as long as the balance is paid in full after the statement is produced can increase your ability to get credit.

Depends on individual circumstances.

Scenarion 1: Someone has a history of bad debt / missed payments, or no credit history at all.

Adding a card with a low limit, which carries high utilisation but is cleared fully each month - yes, would over time be likely to increase this individual's creditworthiness.

Scenarion 2: Someone has no history of bad debt and a long history of managing cards with high limits well.

Adding a card with a low limit, which carries high utilisation but is cleared fully each month - no, would over time be likely to decrease this individual's creditworthiness.