Lloyds credit limits

thegentleway

What kind of credit limit can you expect from Lloyds interest free credit card?

I'm asking as there seems to be large variability in the interest free credit limits offered, e.g. my Barclaycard is £4k and Virgin is £12.5k.

I'm getting another credit card for stoozing and I'm preapproved for both Lloyds and MBNA. I've already got one MBNA credit card, it's got a £12k limit so I'm guessing a second one will be a lot less?

Thanks for the help.

Nasqueron

thegentleway said:

What kind of credit limit can you expect from Lloyds interest free credit card?

I'm asking as there seems to be large variability in the interest free credit limits offered, e.g. my Barclaycard is £4k and Virgin is £12.5k.

I'm getting another credit card for stoozing and I'm preapproved for both Lloyds and MBNA. I've already got one MBNA credit card, it's got a £12k limit so I'm guessing a second one will be a lot less?

Thanks for the help.

Limit is entirely down to your credit file, there is no expected limit as nobody has the same file

DullGreyGuy

thegentleway said:

What kind of credit limit can you expect from Lloyds interest free credit card?

I'm asking as there seems to be large variability in the interest free credit limits offered, e.g. my Barclaycard is £4k and Virgin is £12.5k.

I'm getting another credit card for stoozing and I'm preapproved for both Lloyds and MBNA. I've already got one MBNA credit card, it's got a £12k limit so I'm guessing a second one will be a lot less?

Thanks for the help.

Credit limits are very personal and depends on how much you match their preferences. For me MBNA gave a limit 6x that of Lloyds (which I had first) but my wife's MBNA limit was double that of Lloyds

MattMattMattUK

thegentleway said:

What kind of credit limit can you expect from Lloyds interest free credit card?

It varies hugely based on circumstances, you are unlikely to get a meaningful answer to that question. 

thegentleway said:

I'm asking as there seems to be large variability in the interest free credit limits offered, e.g. my Barclaycard is £4k and Virgin is £12.5k.

It varies hugely across card provider and even on a week by week basis, it will vary even more once personal applications are taken into account. The whole range is likely from a few hundred to many tens of thousands. Someone would not know what they were actually going to get until approved. 

thegentleway said:

I'm getting another credit card for stoozing and I'm preapproved for both Lloyds and MBNA. I've already got one MBNA credit card, it's got a £12k limit so I'm guessing a second one will be a lot less?

Very likely yes, maybe a few thousand at most. However MBNA regularly send me offers for my existing card, have you checked in the MBNA app or emails if you have any of those available? The only thing is they will not usually send you those if you are carrying a balance. 

thegentleway

Thanks for the help everyone.

I applied for Lloyds and got £15k credit limit so very happy with that