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Balance transfers
mark_1_4
Posts: 1 Newbie
in Credit cards
I had a balance of £8000 on a tesco credit card and applied for a balance transfer on a CTI card they only gave me a credit limit of £2000 so now I am paying 2 cards which is worse so I applied to Virgin who gave me a credit limit of £5000 which I paid the CTI card off and a bit of the Tesco but it still means paying 2 cards. Why are the credit limits so low?
0
Comments
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Because the cc companies are limiting their exposure.
You now have 15k available to you, nearly double that you started with...0 -
Sorry. Only Citi and Virgin know the answer.
However, other things being equal, it's normally your existing credit - available and used - in relation to your annual income that determines a credit limit
People who don't know their rights, don't actually have those rights.0
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