Can credit card companies see my credit limit?
CreditCardChris
Posts: 344 Forumite
Hello, when credit card companies perform a credit search on me, can they see how much credit I already have or just the amount of cards I have?
Also are companies likely to accept you if you already have a pretty high limit when you apply? For example if my credit limit is £10,000, they may feel comfortable offering me a card with a limit of £3000 but if my credit limit is only £3000 they may only be comfortable offering me card with £1000 or whatever.
Thanks.
Also are companies likely to accept you if you already have a pretty high limit when you apply? For example if my credit limit is £10,000, they may feel comfortable offering me a card with a limit of £3000 but if my credit limit is only £3000 they may only be comfortable offering me card with £1000 or whatever.
Thanks.
0
Comments
-
Yes, existing limits are taken into account.0
-
CreditCardChris wrote: »Hello, when credit card companies perform a credit search on me, can they see how much credit I already have or just the amount of cards I have? ...
Yes. Sign up to the MSE credit club for free, and you can access your Experian credit record and see what they see.CreditCardChris wrote: »Also are companies likely to accept you if you already have a pretty high limit when you apply? For example if my credit limit is £10,000, they may feel comfortable offering me a card with a limit of £3000 but if my credit limit is only £3000 they may only be comfortable offering me card with £1000 or whatever.
Depends on the lender. Depends on how much of your limit is used. Depends on lots of things.0 -
Yes. The total amount of credit, along with your current credit card balances are also avalible.0
This discussion has been closed.
Categories
- All Categories
- 343.1K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.6K Spending & Discounts
- 235.1K Work, Benefits & Business
- 607.8K Mortgages, Homes & Bills
- 173K Life & Family
- 247.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards