High credit limit but no offers
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stphnstevey
Posts: 3,224 Forumite
I have two cards now I am a bit stuck what to do with
They have high credit limits but no deals
Tried opening another card from provider intending transfer limits, but not eligible
So either close and lose CL and reapply later or the CL might limit other cards, vicious circle!
They have high credit limits but no deals
Tried opening another card from provider intending transfer limits, but not eligible
So either close and lose CL and reapply later or the CL might limit other cards, vicious circle!
0
Comments
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How high are the limits?
How much is outstanding on each?
What's your annual income?
Do you have any loans or over drafts?
This might be your answer.Mortgage started 2020, aiming to clear it in 2026.0 -
A high limit doesn’t mean you get deals0
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Might as well close them I suggest0
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Baron_McClaren wrote: »Might as well close them I suggest
On what basis?0 -
Close them, prepare for future. It takes ages for credit refences to update. Close them in case tgeres a good offer on a card in future so you can capitalise on it.
You may have too many credit accounts, so a new credit card wont give you a generous limit on a 28 month 0% card. Sometimes cards like barclays and tesco wont let you apply for a new promotional card if you have a card in the last 6 months.
No reason to have an account open if you dont ever see yourself using it.0
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