What credit facilities do people have?

I opened a basic card account with marbles credit card, about 4 months ago, and last week out of the blue i got a letter through the post saying they were increasing my limit up from £900 to £2100! What a stroke of luck! Has anybody else had any such joys with credit cards, and if so what?!?

I opened a basic card account with marbles credit card, about 4 months ago, and last week out of the blue i got a letter through the post saying they were increasing my limit up from £900 to £2100! What a stroke of luck! Has anybody else had any such joys with credit cards, and if so what?!?

What have you taken out a credit card for - as in what do you intend to buy?

Thanks everyone, I now have three credit cards and one student account with limits of 500, 1200, 2100 and 2000 so that's a total overdraft limit of 5800. I have had these cards for a couple of years now. I understand that banks like you to keep the money in them, and not max out (which negatively affects your score), but sometimes due to circumstances out of my control, such as in buying a new house, or when the missus could use a top up, the cards come out of the wallet and the cash gets flowing. I would like to think that within the next couple of years i can have a card with a £5000 limit, which would indicates the banks trust in my ability to manage my own money, but whether i actually ever reach this goal remains to be seen!!

I don't think multiple cards with a credit limit of £5,800 is a good thing, if I am honest. a lot of credit from different providers probably means a poor credit rating. A better indication that you can manage your own money would be no credit cards and a tonne of savings. That's just my opinion, obviously.

That's not how it works.

A credit rating is how dependable you are on PAYING back loans. More importantly, how PROFITABLE you are on paying back loans to the loan company.

Save money and never take out a loan? Bad credit score.

That being said, I'm not saying that missing payments/getting hit with charges is a good thing. That's much worse than being neutral and just saving.

such as in buying a new house

You won't be able to pay for the house or house deposit with a credit card..

I have changed my mind about buying a property anyway. The markets look set to crash, in fact i think they already are, so it will be much better to buy when the dust has settled. And any crash, for example with the brexit, will seriously undermine any real estate assets, for the foreseeable future, imho!

That doesn't really change the fact that you can't finance a house deposit through credit :s

If the deposit was £10'000 and i had this on my cards, there is no reason why i couldn't extract this capital to pay for it in this way. However i only have half of that, and so not even near enough. Plus, as i said, i am not looking to buy in this market.