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Highest Credit Card Limit For First Timers? |
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#1 |
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Forum Member
Join Date: Aug 2010
Posts: 12,901
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Highest Credit Card Limit For First Timers?
Can anyone recommend a credit card for first timers that has a high credit limit? cheers
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#2 |
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Forum Member
Join Date: Jul 2014
Location: Cambridgeshire
Posts: 1,276
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I would highly recommend having a browse here: http://www.moneysavingexpert.com/credit-cards/ - the website is fantastic for all things money saving, and they know their stuff. Martin Lewis is amazing. Definitely worth a look.
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#3 |
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Forum Member
Join Date: Dec 2015
Posts: 2,777
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You won't get too high a limit first time. You'll be lucky if you get £1000 but it goes up when you've had it a few months and made some payments. What sort of credit limit were you hoping for? They're not daft, won't give you thousands to spend then do a runner.
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#4 |
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Forum Member
Join Date: Mar 2004
Posts: 4,229
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Very suspicious, I suspect his/her Bank would not give a high credit card limit, and they would know any risks!
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#5 |
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Forum Member
Join Date: Apr 2011
Posts: 11,521
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Mine's £1,500 with Barclays. They keep asking me if they can raise it to £2,500, but I refuse.
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#6 |
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Forum Member
Join Date: Jul 2016
Posts: 234
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My first credit card was a Barclaycard, and it came with a £2,500 limit immediately.
Was very surprised as I had practically no credit history to that point. |
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#7 |
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Forum Member
Join Date: Aug 2016
Posts: 322
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I knew someone with a horrible credit rating and they got about £250.
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#8 |
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Forum Member
Join Date: Feb 2007
Location: London
Posts: 3,855
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Quote:
My first credit card was a Barclaycard, and it came with a £2,500 limit immediately.
Was very surprised as I had practically no credit history to that point. Conversely, I got my first mortgage in '87 and had to have an interview with the bank manager as well as providing every scrap of income/outgoing finance documentation. |
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#9 |
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Forum Member
Join Date: Mar 2010
Location: Nottingham
Posts: 1,949
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Best way to build credit on a credit card is by using it and paying it off in full each month.
Use it to buy a tank full of petrol, or a weekly/monthly shop then pay it off when the bill arrives. Carry on doing this for a while and your credit limit will improve, and you'll be able to get a better interest rate on a higher limit. |
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#10 |
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Forum Member
Join Date: Jun 2006
Location: Cornwall
Posts: 2,714
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Quote:
Best way to build credit on a credit card is by using it and paying it off in full each month.
Use it to buy a tank full of petrol, or a weekly/monthly shop then pay it off when the bill arrives. Carry on doing this for a while and your credit limit will improve, and you'll be able to get a better interest rate on a higher limit. |
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#11 |
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Forum Member
Join Date: Mar 2013
Posts: 9,208
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Quote:
Can anyone recommend a credit card for first timers that has a high credit limit? cheers
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#12 |
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Forum Member
Join Date: Mar 2013
Posts: 9,208
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Quote:
Martin Lewis is amazing.
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#13 |
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Forum Member
Join Date: Jun 2002
Posts: 2,281
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Barclaycard gave me £2000 or £3000, despite the fact I had payday loans and the like going on at the same time!
Luckily over the years I cured my financial problems, pretty much still let my parents control most of my financials at the moment as I'm trying to save for a house ![]() I've still got the card but only because I'll use it with bigger purchases for a bit of extra protection, paying it off virtually straight away! |
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