Do you have a Tesco credit card and if so what is your credit limit or do you know what the maximum limit is?

[ilikeyoursleeves]

I can't find any info online about its credit limit. I know it's subject to status but I would need it to be at least £10k I think. Thanks.

i have one - my credit limit is 3 months salary, although not sure if that is standard

Thanks, wish I could find out what the limit would be before applying for it!

I have one, my limit is £4600 (which is less than 3 months salary). Tesco IME don't give very high limits compared to other cards eg Sainsburys, American Express keep sending letters increasing limit to ridiculous amounts, approximately £15K I think. Tesco has never increased my limit yet I have used all the cards similarly in that sometimes I have used for purchases and pay off the balance in full every month, other times I have used for cheap balance transfer rates.

Ours is £4500 (not 3 months salary either)

I have applied for the Amex rewards card instead, but they haven't approved it yet. We are getting our house extended this year so it's for big purchases for 0% interest before we get the remortgage money in, hopefully I'll get it )

Ours is £6,000 but that has been a gradual increase from the original amount. My dh buys stuff for his work on it and sometimes it comes to be quite a lot. We always pay it off every month.

Mine was £5,600.

yes Im wanting this one as well as it 0% I need to use it for a car loan!

Ours is only £3000 - not even one month's dh salary! They won't explain why it is so low but we can apply for an increase after 12 months.

around £7k, gradual increase to that limit though. Ex used to use it for his expenses and over time it they just kept getting more and more.

£10,200 which is over 3 months salary (net, not sure what gross is!)

but it was much lower at first, we've had it years

Would it affect my credit rating if I applied for more than one credit card?

Everyone else who has had their limit increased for Tesco credit card, did you have to ask or did they just send a letter telling you to contact them if you didn't want a higher limit? I am wondering what is wrong with my credit rating that I have had a card for many years yet my limit stays the same. I haven't asked but with other cards haven't had to.

Yes, no idea - it started off at around £1k and they just kept putting it up and up wihtout me asking

Card companies are less likely to give out big limits automatically on application these days, the best thing to do is go for the card you want, build up a balance, pay off at least the minimum for a couple of months then ring up and ask for a credit limit increase - by then they will have built up a risk profile of you and you will have proved to them you can handle the debt.

You are also less likely to get automatic credit limit increases, many lenders are looking to reduce their risk profiles so are putting up APRs and reducing credit limits and focusing only on the customers they make the most money out of.

Cluttered - I doubt it's a problem with your credit rating, it will just be Tesco operating a different risk strategy to other lenders.

Ilikeyoursleeves - I would only apply for one credit card at a time and leave a gap of say 6 months before you get another one, each time you apply for credit, it leaves a footprint on your credit reference file. So to the next lender that checks your credit file it flags you are searching for a lot of credit in a short space of time, which, fairly or not, raises the possibility of you being in financial trouble, or even fraud taking place.