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What's your age and credit card limit(s)? Watch

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    I'm 24 with £3,400 on RBS platinum, never been anywhere near the limit though.
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    May sound like a silly question, but from what another poster was suggesting, I thought I'd ask. Can u get several student bank accounts to get an overdraft with each provider? If so are there any special terms to get these?


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    (Original post by Kj2013)
    May sound like a silly question, but from what another poster was suggesting, I thought I'd ask. Can u get several student bank accounts to get an overdraft with each provider? If so are there any special terms to get these?


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    You can only have 1 student current account however you can have many normal current accounts.

    Almost every student account has T&Cs which ban having another student bank account
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    21.

    £3000 Amex Everyday Platinum Cashback (tiered cashback, currently on 1%)
    £2500 Nationwide Select (0% for 15 months for purchases, 0% for 28 months on balance transfer)
    £1250 Lloyds Student
    £800 Halifax Clarity (£5 per £300 month spend)
    £500 Capital One Classic Extra

    I'll be closing the Lloyds as soon as I get round to it, purely because it gives me nothing.


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    (Original post by Alarae)
    21.

    £3000 Amex Everyday Platinum Cashback (tiered cashback, currently on 1%)
    £2500 Nationwide Select (0% for 15 months for purchases, 0% for 28 months on balance transfer)
    £1250 Lloyds Student
    £800 Halifax Clarity (£5 per £300 month spend)
    £500 Capital One Classic Extra

    I'll be closing the Lloyds as soon as I get round to it, purely because it gives me nothing.


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    If it's your oldest CC - I assume it is- why get rid of it? Unless you plan to get more credit in the near future...
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    I can't believe I never got a credit card until I was 23.
    They're amazing, if you use them correctly.

    I'm 25 now with a credit limit of £9500 spread over 4 credit cards

    3 credit cards of which I still have balances from less than 2 years ago where I spent about £5k in one go on furniture/house things when I bought my first house.

    They're all due to have their interest free period run out in the next few months, but there are manageable balances left on them: £800, £500, £200.

    I use my Natwest yourpointscredit card for day-to-day purchases that I pay off every month.
    It's difficult to not think of it as 'extra money' so I usually make online transfers from my debit card using the app on my phone. Easy peasy and no surprises at the end of it all!




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    (Original post by a729)
    If it's your oldest CC - I assume it is- why get rid of it? Unless you plan to get more credit in the near future...
    It's only my oldest by six months, so negligible difference at best to keep it open. I don't use it, so I have no need for it anymore.

    I don't want/need any more credit since I have (arguably) the best cashback cards for my situation right now


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    (Original post by Alarae)
    It's only my oldest by six months, so negligible difference at best to keep it open. I don't use it, so I have no need for it anymore.

    I don't want/need any more credit since I have (arguably) the best cashback cards for my situation right now


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    Interesting- I was hoping that Lloyds will upgrade my student CC to a nice cashback or Platinum card when I stop being a student!
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    (Original post by a729)
    Interesting- I was hoping that Lloyds will upgrade my student CC to a nice cashback or Platinum card when I stop being a student!
    The only interesting one for me is the Choice Rewards, but with the annual fee it just isn't worth it for me.

    By card setup now is pretty much as good as it is going to get for me for the foreseeable future.


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    How quickly did you find your credit limits increasing?


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    (Original post by Key123)
    How quickly did you find your credit limits increasing?


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    My Lloyds increased from 750 to £1.25k after 6 months and the others are all less than 6 months old
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    (Original post by Key123)
    How quickly did you find your credit limits increasing?


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    My Lloyds card sat at £1000 since opening, but as soon as I almost maxed it when I bought a car (part payment while waiting for funds to clear) a couple of weeks later I received a letter increasing my limit to £1250.

    I've never really used it again, if only for like £1 or so to keep it ticking over.


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    (Original post by Alarae)
    My Lloyds card sat at £1000 since opening, but as soon as I almost maxed it when I bought a car (part payment while waiting for funds to clear) a couple of weeks later I received a letter increasing my limit to £1250.

    I've never really used it again, if only for like £1 or so to keep it ticking over.


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    Do you pay by DD for a £1 bill? If so do they still take it? I hear Tesco & RBS write off balances under £1.25 lol
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    (Original post by a729)
    Do you pay by DD for a £1 bill? If so do they still take it? I hear Tesco & RBS write off balances under £1.25 lol
    Yep. Have a DD for full balance.

    They took 29p before, lol.


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    (Original post by Alarae)
    Yep. Have a DD for full balance.

    They took 29p before, lol.


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    They paid more for the DD then they claimed from you lol!

    That's good to know as it's a DD for my Club Lloyds!
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    Im 18 and have:
    £2400 overdraft on Halifax account
    £1800 limit on Aqua
    £750 limit on Vanquis
    £250 limit on Capital one
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    (Original post by dan-dream-boys)
    Im 18 and have:
    £2400 overdraft on Halifax account
    £1800 limit on Aqua
    £750 limit on Vanquis
    £250 limit on Capital one
    How did you get such a high limit with Aqua?!
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    I'm 21 and have never had a credit card. :confused:
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    (Original post by Runninground)
    I only have one with a £500 limit. I only started using it recently as I just used my debit card for everything.

    -



    Wow you like to talk about credit cards...
    Yup. Sorry I use credit cards for every thing. They also come with extra protection, so that's useful

    (Original post by a729)
    I assume you have the Flexdirect or Flexplus account as well?
    I think I might get their Flexdirect account. I just have a standard Flex account (For the free European travel insurance) - I think that covers me and a spouse, if I had a joint account, but Im not married, so I havent looked in to that

    (Original post by A Mysterious Lord)
    I'm 24 with £3,400 on RBS platinum, never been anywhere near the limit though.
    I find that high street banks are more willing to give you more credit than a lot of other companies

    (Original post by Alarae)
    21.

    £3000 Amex Everyday Platinum Cashback (tiered cashback, currently on 1%)
    £2500 Nationwide Select (0% for 15 months for purchases, 0% for 28 months on balance transfer)
    £1250 Lloyds Student
    £800 Halifax Clarity (£5 per £300 month spend)
    £500 Capital One Classic Extra

    I'll be closing the Lloyds as soon as I get round to it, purely because it gives me nothing.


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    I've applied for another Capital One Classic extra, because of the favourable exchange rates.I'll see if I get it..


    I got the same offer with Nationwide, but I got £2000 instead of £2500. Lloyds credit cards, as a whole, seem a little rubbish to me. I mean I had the platinum card with a 3K limit, but it didn't really give much except 0% on balance transfers for x months, which I never used

    Also, I forget that Nationwide's APR is "relatively low" but that doesn't bother me

    Halifax Clarity isn't bad for a foreign card (for taking cash out) (Halifax's APR is 12.9%), so 1.075%/month, which is decent - so long as you pay it quickly, because normally loading fees are at least 2% and a £1 charge... (most banks charge considerably more)

    Nationwide is decent for paying by card overseas, but for taking cash out, I have a Norwich & Peterborough account, which gives me perfect Visa rates, with no commission


    (Original post by Pipsico)
    I can't believe I never got a credit card until I was 23.
    They're amazing, if you use them correctly.

    I'm 25 now with a credit limit of £9500 spread over 4 credit cards

    3 credit cards of which I still have balances from less than 2 years ago where I spent about £5k in one go on furniture/house things when I bought my first house.

    They're all due to have their interest free period run out in the next few months, but there are manageable balances left on them: £800, £500, £200.

    I use my Natwest yourpointscredit card for day-to-day purchases that I pay off every month.
    It's difficult to not think of it as 'extra money' so I usually make online transfers from my debit card using the app on my phone. Easy peasy and no surprises at the end of it all!




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    I see credit cards like fire. Immensely useful if used properly. Use them improperly, and you'll get burned

    I had a look at that (debit card), and effectively you're getting back 0.004% which over £3000 is £12. OK fair enough £12 is money.Money is money. I only use my debit card in Aldi, and for getting money out

    And then I thought Id have to transfer money on to it, whilst it's effectively losing money elsewhere, so it's not worth getting

    (Original post by a729)
    Interesting- I was hoping that Lloyds will upgrade my student CC to a nice cashback or Platinum card when I stop being a student!
    I personally think that nearly all Lloyds products, bar club Lloyds and it's postgrad account are a bit rubbish

    (Original post by Alarae)
    My Lloyds card sat at £1000 since opening, but as soon as I almost maxed it when I bought a car (part payment while waiting for funds to clear) a couple of weeks later I received a letter increasing my limit to £1250.

    I've never really used it again, if only for like £1 or so to keep it ticking over.


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    Hmm Lloyds never gave me a higher limit. Then again, I was getting no where near it
    (Original post by Alarae)
    Yep. Have a DD for full balance.

    They took 29p before, lol.


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    Yeah Lloyds are like that. They'll take whatever the charge is. There must be a certain limit where it costs them too much...

    (Original post by a729)
    They paid more for the DD then they claimed from you lol!

    That's good to know as it's a DD for my Club Lloyds!
    Sorry?

    (Original post by dan-dream-boys)
    Im 18 and have:
    £2400 overdraft on Halifax account
    £1800 limit on Aqua
    £750 limit on Vanquis
    £250 limit on Capital one
    Im assuming the 2.4K OD is a student OD?


    (Original post by Iridescenzo)
    I'm 21 and have never had a credit card. :confused:
    Not to worry. Like I said, credit cards are like fire
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    Twenties.

    Personal
    American Express Gold ~ Unlimited (In reality capped at 100.000€).
    American Express Platinum ~ Unlimited (In reality capped at 100.000€).
    Etihad Visa Infinite ~ 700,000 Dhs.
    SPG American Express ~ £20,000.

    Business
    HSBC Business World MasterCard ~ HK$500,000.

    The only reason I habe high limits with the AMEX's is due to being a secondary account holder for so long that when I got my own, they were rather generous, also I my AMEX's are paid off by my father not myself. I'm still rather baffled at how I got a 700,000 Dhs limit for my Etihad card but I'm not complaining
 
 
 
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