If i take out 50% + on my credit cards, and then pay them back, is this a sure way to

sure, i think we are in a period of growth now, however. i understand the some of the forecasters, government etc have been very cautious in the event of the brexit, which has now happened. But despite all of this, the most recent figures for our economy, seem to be looking up.

Who knows how long this will last however? And if there is another crash, god knows who's going to foot the bill this time???

I don't understand why OP wants to increase his limit though? Increase for increases sake?

You are missing the point. Interest rates are only going to go up. Unsecured credit is already very expensive, and will get even more expensive. There is no need to increase your limits beyond what you have. If, in the future, you need money you don't have for a significant purchase then get a proper loan, don't use credit cards to "fund" it.

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I don't understand why OP wants to increase his limit though? Increase for increases sake?

This is what I don't get.

I have been offered the option of increasing my limit. But I don't need to. I've never been in the situation where I've needed to spend that much money in one go. And I've got my savings if I really need to spend more than my current credit limit.

I want to get my limits increased. It makes me feel better, when that happens.....

At a cost of £54+

It will cost me a lot more then that. I have something like seven cards, and they have a range of limits. This is just money management. The woman in the bank asked me if I had won the horses. She seemed a bit deflated when I told her that I had just taken them off my cards....

Money management is looking after your money efficiently.
Money management is not throwing cash away on a vanity project.

I'm actually concerned from reading this thread and others by you on similar topics.

If anything, you shouldn't be allowed control over your own finances.

why not?

there was an interesting Moneybox episode this week all about how to improve your credit score:

http://www.bbc.co.uk/programmes/b086s8yn

You're making a lot of decisions that make no sense. You seem to just want to spend money because it's there and want to increase your limit for the sake of it.

John2054 is in his quiet fashion much the nuttiest poster on the site. Bonkers, but I like him.

Thanks m8, it means a lot coming from you!

Did @cambio wechsel just get rolled by @john2054 ? I half hope so.


Keep on keeping on m8. I was just reading your blog: chinese lanterns from the allotment and so on. Great stuff.

No from Vanquis, the credit card i have an overdraft of £500 on. it is now my goal to withdraw roughly 60% from each of my cards, and then pay them all back asap, using this same money.

This way i should be maximising my chances for credit limit increases, when they are all reviewed again, which for my capital one cards, is later this month.

This plan may fail, or it may work, but if you have your head screwed on the right way, you can do anything folks...

Thanks Cambio, yes what a cool name huh? They are actually these little edible fruit things, which grow on a bush, and taste quite nice. They are like a chinese latern, which is orange/red colour, then you open it, and it has this small orange ball, which you eat, and tastes quite citrusy. What a treat!>?

Vanquis are one of the ripoff high rate cards aimed at people with poor credit histories - so I would ask if you really need a credit card, have you tried providers with lower rates? If you are a student and your bank account is running OK, then you could try your bank as all of the main bank card rates are much better than Vanquis and they will typically work better and have potential for higher limits.

I think you have physalis.