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Vanquis Credit Limit Increase Claims

Notlaw1976
Posts: 4 Newbie

in Credit cards
Hi all, I hope someone can help.
I had a Vanquis credit card and the credit limit was increased several times over many years, never at my request. I saw an advert on social media about claiming for this. I don't want to claim via the company advertising it, as you often lose more than the claim.! Has anyone done this and able to advise on how to approach it?
I had a Vanquis credit card and the credit limit was increased several times over many years, never at my request. I saw an advert on social media about claiming for this. I don't want to claim via the company advertising it, as you often lose more than the claim.! Has anyone done this and able to advise on how to approach it?
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Comments
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What are you intending to claim for? You spent the money you didn't have to. You had a choice.0
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I had a Vanquis card - my first credit card post bankruptcy. I started with a £400 credit limit if I remember rightly, and through using it and paying it back in full each month, they raised my limit from time to time until it eventually reached £3500. By that point I'd established plenty of positive credit history through this card that allowed me to obtain others at more favourable rates. I'm very happy they raised my limit, and I don't see anything to claim for. What's specific to your situation that makes you believe there's a claim? Did you ever call Vanquis to say 'You've raised my limit to £X - I don't want it, can you put it back to what it was please?'. Don't always believe adverts you see on social media.
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Notlaw1976 said:the credit limit was increased several times over many years, never at my request.You're at liberty to phone them up and reject the increase. In fact every time I've received such a letter, it explicitly states to contact them if you don't want to accept the increase.And just because you have a higher limit, doesn't mean you have to spend it all.Notlaw1976 said:I saw an advert on social media about claiming for this.(Actually, if anything, an increase in credit limit will actually have a beneficial effect upon your credit history, as long as you don't abuse it).It's always a sensible approach to disbelieve 99% of what you see on social media, those platforms are rife with scams.
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Echo the above, I always get letters offering limits if I want to accept them or not
The idea of "claiming" anything because they increased the limit and you chose to spend up to the limit is obviously nonsense. However, I would note that it's highly likely as it's on social media and not a site like this, it's a scam where you will have to pay up front for insurance or "legal fees" i.e. they dangle the carrot of £££ if you just pay £ now. You're very likely to get signed up for things like tax refunds (where they claim back tax like married couples allowance and take a big cut) etc.
Anything that sounds too good to be true almost certainly is a scamSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Read this. Will answer question0
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