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Vanquis credit limit increase
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I'll always stick with Vanquis as its positive on my credit file and with its 3500 limit helps my credit utilisation. Use it for car hire deposits and big purchase always pay off every month. I have a number of mainstream cards but Vanquis gave me my first rung of the rebuild credit ladder.
John0 -
Did you have frequent credit increases with your vanquis?.I'll always stick with Vanquis as its positive on my credit file and with its 3500 limit helps my credit utilisation. Use it for car hire deposits and big purchase always pay off every month. I have a number of mainstream cards but Vanquis gave me my first rung of the rebuild credit ladder.
John0 -
Iv had the card for just over 3 years and still on £250... whilst Cap One increased on year 2 to £400 from £200.
3 years and still on £250? Christ, that's rubbish. I think I will give it another 6 months and if no increase will go elsewhere.Advertising has us chasing cars and clothes, working jobs we hate so we can buy crap we dont need!:think:0 -
I have been with Vanquis about a year and am still at £2500
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i use to have a vanquis card a few years ago and got regular increases, i use to pay the card of in 80% of the times but occasional carried a balance and tried where possible to make more than the minuim payment. I got several increases and within 3 years it went from 300 to over £3k. Interest rate was shocking hence why i tried clearing the whole amount.0
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Hopefully this is the case for me as capital one don't seem to wanna increase my limit, I can't wait until I get accepted for my first mainstream card with a decent limit and APR so if i wish to carry a balance I can with peace of mind it's not costing me loads, all the added perks of 0% purchases sound good too.onthefencepost wrote: »i use to have a vanquis card a few years ago and got regular increases, i use to pay the card of in 80% of the times but occasional carried a balance and tried where possible to make more than the minuim payment. I got several increases and within 3 years it went from 300 to over £3k. Interest rate was shocking hence why i tried clearing the whole amount.0 -
Its good to get on the credit ladder, however just be careful. Although i was earning and clearing my cards off and transferring balances on 0% in the end i did struggle as i lost my job and my credit rating (which i did not understand at the time) feel in to dis repair. I've cleared allot of my debt but still have markers on my account which will fall off. I've been back on the credit ladder for the last 6 month but no way would i ever carry a balance my new job which ive been in for a few years looks very stable but i'm just interested in saving and becoming deb free. Why have i got a credit card and catalages - simple i'm planning on getting my own place in the next 2/3 years once my defaults fall off and have well managed credit history can only help.0
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I got regular increases every 4/5 months never carried a balance always paid off till I got to 3000 then it took a further 12 months to get to £3500.
John0 -
Were you using the card up to the limit and paying it in full?
My wife did that for a couple of months after she got Vanquis and she got offered their Gold card with £1500 limit. She is not employed by the way.Marriage is hard. Divorce is hard. Choose your hard.
Obesity is hard. Being fit is hard. Choose your hard.
Being in debt is hard. Being financially disciplined is hard. Choose your hard.
Communication is hard. Not communicating is hard. Choose your hard.
Life will never be easy. It will always be hard. But you can choose your hard.0 -
Had mine since October and got an email last week to say they will increase my credit limit from £250 to £500 in Feb. Not that I carry a balance on it.0
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