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Ideal Egg Money credit limit?
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CannyJock
Posts: 3,838 Forumite

Helping someone else set up their stooze now that I'm converted.
They've just been given a decent credit limit on their Egg Money card.
My initial reaction was to suggest they reduce this to free up potential credit limits on other cards.
Then I wondered how that would look if they were going to do a BT to the Egg Money card on their application form?
Or is the best bet not to mention Egg Money on the application form and just deal with that once the application has been accepted?
Many thanks in advance for your thoughts.
They've just been given a decent credit limit on their Egg Money card.
My initial reaction was to suggest they reduce this to free up potential credit limits on other cards.
Then I wondered how that would look if they were going to do a BT to the Egg Money card on their application form?
Or is the best bet not to mention Egg Money on the application form and just deal with that once the application has been accepted?
Many thanks in advance for your thoughts.
"A child of five could understand this. Fetch me a child of five." - Groucho Marx
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Comments
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JohnDocherty wrote: »My initial reaction was to suggest they reduce this to free up potential credit limits on other cards.Then I wondered how that would look if they were going to do a BT to the Egg Money card on their application form?Or is the best bet not to mention Egg Money on the application form and just deal with that once the application has been accepted?0
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Ta much, sounds like a plan."A child of five could understand this. Fetch me a child of five." - Groucho Marx0
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Helping someone else set up their stooze now that I'm converted.
They've just been given a decent credit limit on their Egg Money card.
My initial reaction was to suggest they reduce this to free up potential credit limits on other cards.
I thought this until I applied for a Virgin card. they asked me what other cards I had, which I told them. They also asked what my limits were, to which I replied by asking if they checked this automatically. They said that they didn't!
Then I wondered how that would look if they were going to do a BT to the Egg Money card on their application form?
Or is the best bet not to mention Egg Money on the application form and just deal with that once the application has been accepted?
Deal with it when its sorted, dont think on it too much. Mention that you would like to transfer some money directly to your Egg card, as you would like to free some money up.
Many thanks in advance for your thoughts.
I would say that theres 2 trains of thaught on this. I think, as with anything there are your two extremes...
too much credit (i.e. £10k on 5 different cards and not using them)
too little credit (putting it right down to say £500 then another company will look and think why were you given such a low limit)
I would say if it falls anywhere between this then dont worry about reducing your limits too much, in my experience It hasnt ever been a problem
cheersINCREASE INTEREST ON SAVINGS!
...I will thank you if youve been helpful, please do the same! :j0
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