credit card limit offered a joke

cypher007

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?

Caz3121

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?

Desmond_Hume

I was expecting £200 when opening this. Hyperbole much?

Olinda99

it's all about your total available credit

TadleyBaggie

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.

Hoenir

Close the Amex card if you've no intention of using it. 

TheSpectator

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?

Behave yourself. Only joke is your post.

Why do you not consider the Nationwide limit a joke, it being less?

born_again

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?

So out of your £25K income you have £17.5 available credit.

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.

maman

On your income, why do you want/need a large credit limit? 🤔

Altior

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.  

kimwp

What's a mule card?