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Increasing Credit Limit pre Stooze

badbobby
Posts: 59 Forumite
Dear all, i've just been accepted for my Virgin Money credit card with a limit of £8600 or so. My only other credit card is one I use for work expenses, and that's due for repayment when work pull their finger out and give me the cash.
So I have this large pot which I intend to throw at my ISA followed by high interest account, which will pass into Halifax at £500 per month.
However, being greedy, I want more! What's the best way to increase the limit - do i just say I intend to spend horribly! I don't have any balances on other cards to BT to and I don't intend to lie...
Cheers in advance.
BB
So I have this large pot which I intend to throw at my ISA followed by high interest account, which will pass into Halifax at £500 per month.
However, being greedy, I want more! What's the best way to increase the limit - do i just say I intend to spend horribly! I don't have any balances on other cards to BT to and I don't intend to lie...
Cheers in advance.
BB
0
Comments
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Not heard of anyone getting a credit limit increase on their Virgin activation call recently.
If you had other dormant MBNA backed cards then there's a different trick you can do, but doesn't sound like you have.
Once your card is activate, would normally be about 6 months before you'd be considered for a credit limit increase, so not likely to get one now.
Looks like your only option is to apply for another card with a SBT facility or to get an Egg Money card.
You can stooze without lying, saying that you would like to transfer a balance doesn't necessarily mean that you have a balance needing transferred"A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
my OH got a Lloyds tsb card with 5k limit and on receiving the card called and asked whether she could get a increase in limit as she wanted to balance transfer 6700 voila they actually gave it to her and did the BT then and there. I was surprised as I had never heard of it.:beer::beer::beer:0
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