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credit card limit offered a joke
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cypher007
Posts: 358 Forumite
in Credit cards
have an AMEX that has 14k limit and a Nationwide with £3.5k.
the amex doesnt work at an awful lot of places so wanted to get an MBNA visa card, computer has offered £5k. like !!!!!! i earn £25k aprox and have £40k savings no mortgage old fart etc. what gives?
the amex doesnt work at an awful lot of places so wanted to get an MBNA visa card, computer has offered £5k. like !!!!!! i earn £25k aprox and have £40k savings no mortgage old fart etc. what gives?
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Comments
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is the amex a charge card or credit card, if latter that would give you a total of £22.5k available credit against a £25k income..how much were you expecting?2
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I was expecting £200 when opening this. Hyperbole much?8
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it's all about your total available credit1
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Savings are irrelevant, when you were credit scored they have no knowledge these exist. With £17.5k existing credit limits, the £5k offer is far from a joke.3
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Close the Amex card if you've no intention of using it.1
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Behave yourself. Only joke is your post.cypher007 said:have an AMEX that has 14k limit and a Nationwide with £3.5k.
the amex doesnt work at an awful lot of places so wanted to get an MBNA visa card, computer has offered £5k. like !!!!!! i earn £25k aprox and have £40k savings no mortgage old fart etc. what gives?
Why do you not consider the Nationwide limit a joke, it being less?1 -
So out of your £25K income you have £17.5 available credit.cypher007 said:have an AMEX that has 14k limit and a Nationwide with £3.5k.
the amex doesnt work at an awful lot of places so wanted to get an MBNA visa card, computer has offered £5k. like !!!!!! i earn £25k aprox and have £40k savings no mortgage old fart etc. what gives?
TBH the fact you have got a further £5K is very good.
So you now have £22.5K credit.... That is a hell of a risk to lenders.Life in the slow lane3 -
On your income, why do you want/need a large credit limit? 🤔1
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I've had 15-20 CCs, and MBNA have been the number 1 for hiking the available credit (unrequested). It's now pushing 20K, when my overall available credit is already a multiple of my annual salary. Very useful as it's often my mule card! So there's a fair chance you'll get regular increases offered with regular usage, based on this anecdotal experience.2
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What's a mule card?Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.0
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