Low Limit Credit Card

5%, No Annuity Charge, Asda, Up to 1% back, Amex, £100 Gift Certificates, The AA, Up to 30ths 0%, Halifax, Up to 30ths 0%, Aqua, 4mths 0%, MBNA, 4.9% for sixtyths, MSE Best Buys:

See Best Balance Transfers & Official APR Examples for more information. See Cashback Credit Card and Official APR Examples for more information. See Best 0% Credit Card & Official APR Examples for more information. When I was back in 2012, when my credit card was in ruins.......a few CCJs and failures, crash3dit was difficult to get.

However, I did manage to get a big £200 limit card, a big card from my lucky team. Now, more than 6 years later, the card is still at 200 lbs, never failed to make a payment...always got payed in addition and had frequent use...my credit card shows everything blank for this card...capital a refusal to raise the limit.

Now, recently, I got an Aqua card (2 credit limits increased in one year) and an Amazone card (reeently had a limit increase).....also a Vanquis card at 4K limit. I have a credit card that is anything but neat, a few default settings for locked and disbursed account.... but everything else is fine.

Will it be advantageous for me and my improved credit record to shut down the card? P.s........please note I havenât once referred to creditworthiness.....

Too low a credit card limit? Don't call it off!

What are they giving such low credit lines for? It is important to stress that this is about profits and not just risks. Obviously, if you're a low-income risky, then you're probably not gonna be profitably. But even if you are a low risky person, there are other things the banks will consider, some of which are.....

Thats the magnitude of indebtedness you strength maybe person if you utilized all the approval gettable to you - day if you don't currently borrow thing. Although it is hard to do this, bankers will try to track down those who they think are gambling the system. However, it is also important to recall that credit scoring as a whole has become tighter and credit lines have been lowered in recent years.

Both the 2007-9 credit crisis and the policy pressures for "responsible lending" (although it is wry that "responsible lending" can result in some individuals not being able to reduce the costs of debt) have contributed to this. Credit lines are generally lower and it is more challenging to be acceptable than it was a few years ago.