Barclaycard Limit / Income

tomxlisa

Applied for a barclaycard as checked on the eligibility thing and it said I had a high chance of acceptance, anyways I found out today I got accepted and the limit is £850 so not too shabby for an initial limit, thing I wanted to ask do they require income proof from everyone as they haven’t said anything about that, they just said I’ve got a £850 limit but didn’t say anything like you’ve got £2K but £850 currently until you unlock the higher limit so I’m guessing they don’t do this with everyone?. 

maxximus75

Your limit is what it is.  If they wanted income verification, they would usually ask for this before approval.

tomxlisa

I’ve seen some on here who have been sent the card though with a very small limit something around £50 and then once they provide details they up there limit to the higher offered limit, like you say though they probably would of done similar with me if that was the case. 

Nasqueron

Limits are set based on your declared income and the credit report that they run. If you manage the card well they will probably run the checks again at some point and put the limit up if they judge your risk profile is sufficient to cover the risk.