Vanquis Chrome Increase Offer.

Dandytf

Wasn't expecting this today.
Think I fought off 'new rules' by a few pounds past 2 years.

Your new Credit Limit Increase offer

Current: £3500

New: £4250

D3xt3r5L4b

Don’t go spending it though...

Dandytf

D3xt3r5L4b said:

Don’t go spending it though...

I can't spend -FCA have new rules-I have one card recently on payment plan.
This Chrome card is recently <50% limit used, going to continue to make decent payments.
I'll accept their increase, No need to use it, re payments would be unaffordable.
thanks

Dandytf

Not quite simple, this time.
Unless it's fake, had to complete income/expenditure link.
Completed as required, Vanquis will be in touch.

Dandytf

That was very fast via Text.
Great news - we're delighted to confirm your credit limit is going to be increased! Your account will be updated in the next 2 working days with your new limit of £4250.

D3xt3r5L4b

I wouldn’t have accepted the limit then in your situation

fay66

I had the text to increase filled the form in and then they said no???

D3xt3r5L4b

fay66 said:

I had the text to increase filled the form in and then they said no???

They don’t have to approve them 

Dandytf

D3xt3r5L4b said:

I wouldn’t have accepted the limit then in your situation

I thought if accepted, it could make utilisation slightly more favourable.
No plans to use such a limit, this will be my highest limit ever-maybe they enjoy my random in limit spending and re payable Interest.
I only have repayment level to concentrate on, higher repayments aren't an option. 

cymruchris

If you’re in a position where you can ensure you continue to manage the card - it’s definitely worthwhile taking the increase. As you say it’ll help credit utilisation, and increases are good for the credit file (they are recorded). So take it - don’t use it. (I can see you’ve already taken it - but still - don’t use it 😁)

SnowTiger

Dandytf said:

D3xt3r5L4b said:

I wouldn’t have accepted the limit then in your situation

I thought if accepted, it could make utilisation slightly more favourable.
No plans to use such a limit, this will be my highest limit ever-maybe they enjoy my random in limit spending and re payable Interest.
I only have repayment level to concentrate on, higher repayments aren't an option. 

You're on a debt management plan and technically in persistent debt with a different card?

And you suggest you wouldn't be able to afford to service a higher debt.

I guess Vanquis knows what it's doing.