MBNA limits - how much to go for?

falcon21

Hello all!

I've got approved for an MBNA Virgin card - limit £10,000. I could try and increase the limit, but they would have to go through and 're-approve' the application. I was just wondering:

1/ How much do people normally get as a percentage of their income?

2/ Is there a maximum limit?

fatboyonadiet

My MBNA card has about £5k which was about 25% of my salary, I did have another card that had £3.5k limit, they also transferred £3k limit from an old one that had been closed for a year which upped it to £8k!

jeeves_2

On the MBNA visa i have £8300.00 and the MC i have 5800.00 which makes it roughly 50% of my salary....however when i got the first £8300 limit i wasnt really earning much....
i find these days im lucky if i get 15% of my current salary when i apply for a new card, dont know why.....

thaylock

I have recently been approved for a £10,000 0% debt for 9 months with Virgin, I phoned them & asked for £50,000, they said £10,000 is my limit for now, but I could ask for more again in a few months.

wallet_2

virgin £8500 today has just been automatically raised to £9.3k other is mint £4k
also have regular use of a&l £3.5k amex £3.5k

that is about 100% of income

but just this week got £2.8k nationwide and citibank that will replace my amex and a&l to pave the way for replacing my virgin in aug

falcon21

Thaylock - What is £10,000 as a % of your salary (if that ain't too personal a question)? I was only given 10%, but I they told me it's because they are matching my highest limit which is actually £10,800 ("but we only go in increments of £500 and they probably thought £10,000 was a round number")

CTT_2

Dont be greedy. Surely 10k is enough for anyone.

falcon21

Well, it's not really 10k; it's £375 in interest. If I managed to get a higher limit I'd get more interest.

jeeves_2

CTT wrote:

Dont be greedy. Surely 10k is enough for anyone.

Theres no such thing as "enough" in this game:):)

Marty.L

Hi all,
On my first visit and just about got all my answers form this site and forum.On the same thread.the 10k will do me fine,but can I sbt that amount to my bank.Cheers

elephant_guy

Virgin raised my credit limit from £18K to £25K last month after I rang Customer Services..... :rotfl: