Applying for a CC with Lloyds when you already have one. Don't close the original card before!

pfpf

ok, just a bit of a moan.

amounts used are for illustration purposes only

have a CC with a limit of £3000, unused for ages and no BT/spend offers worth having. checked eligibility for a second card and was offered £5000. thought i'd be clever and close the old card first in the hope i may bet a larger limit.
now i'm offered £1000 on the new card
lesson learnt but no real clue whats just happened. i'll wait a while and see what happens.

callum9999

Closing your old card didn't make them reduce the limit - either their internal criteria changed between the two quotes you requested, or they re-examined your credit file and found something they weren't aware of before. 

But yes, you shouldn't close them before you get the new one (unless you're closing it long in advance so your available credit is reduced). Sorry to rub it in but for future reference, this applies doubly to Lloyds as you can transfer your credit limit between cards.

pfpf

callum9999 said:

Sorry to rub it in but for future reference, this applies doubly to Lloyds as you can transfer your credit limit between cards.

Thank you. Is this something that can be done online/chat?
My OH has the same unused card and can get a 2nd card but she isn't good with this type of thing on the telephone.

TwiceNightly

Bear in mind for next time that you can also just change the card you have to a different one if you do it in the app

pfpf

TwiceNightly said:

Bear in mind for next time that you can also just change the card you have to a different one if you do it in the app

i saw that option but it wouldn't allow me to swap to a BT card which a new application would.