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  • FIRST POST
    • Chrysalis
    • By Chrysalis 2nd Jun 19, 10:45 AM
    • 2,319Posts
    • 1,105Thanks
    Chrysalis
    think ill be paying down my cards
    • #1
    • 2nd Jun 19, 10:45 AM
    think ill be paying down my cards 2nd Jun 19 at 10:45 AM
    Moving a balance in a few months, Halifax offered me a joke of a limit, the sort of limit people who need to build up their trustworthiness get.

    sainsburies was at least in the 1000s but below the amount requested, the lowest limit I have had since started using 0% cards.

    I am guessing my affordability calculations arent coming up great so I assume to improve this I should just pay off a significant amount in cash (or all of it) to improve it again?

    Sainsburies limit was 2.5k.

    I know the banks are tightening up due to pressure but I am guessing they seen something they didnt like as well.
Page 1
    • MovingForwards
    • By MovingForwards 2nd Jun 19, 12:20 PM
    • 1,895 Posts
    • 2,204 Thanks
    MovingForwards
    • #2
    • 2nd Jun 19, 12:20 PM
    • #2
    • 2nd Jun 19, 12:20 PM
    What's your annual income?

    What's your total credit limit across all your cards?

    Any other credit?

    That will be your answer.
    • Ben8282
    • By Ben8282 2nd Jun 19, 8:19 PM
    • 3,171 Posts
    • 1,736 Thanks
    Ben8282
    • #3
    • 2nd Jun 19, 8:19 PM
    • #3
    • 2nd Jun 19, 8:19 PM
    Knowing very little about the sate of your credit files we can only guess at the problem, but in the absence of any other obvious reason I would think the most likely cause of the low credit limits (at least you got the cards) is the amount of your existing balance(s).
    • danthemoneysavingman
    • By danthemoneysavingman 5th Jun 19, 5:00 PM
    • 1,283 Posts
    • 538 Thanks
    danthemoneysavingman
    • #4
    • 5th Jun 19, 5:00 PM
    • #4
    • 5th Jun 19, 5:00 PM
    I thought the same for me given the last 2 limits I got on BT cards, which were laughable.

    However, as I'd opened a natwest account recently for the promo fee, thought i'd give one last whirl on their 0% 0fee offer, and got offered a massive limit covering both cards coming to an end next month.

    I've no mortgage apps I need to do soon (i.e. dont care about another search on the file) so figured why not.
    So could be worth a punt for you, you never know.
    Let me Google that for you...
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