Just curious what would be a typical credit card limit e.g. relative to salary. I am switching my KBC card to AIB and they said the minimum limit is 5k but I can ask for anything I want above that but it might be refused. So I went with 5k because I just want to get it sorted and I can always apply for a higher limit later. But I’ve no idea what’s typical. Unlike say a mortgage where they tell you up front an estimate of what you could be approved for.
What’s a typical credit card limit?
- Thread starter Adelie
- Start date
Brendan Burgess
Founder
- Messages
- 52,091
Hi Adelie
I am surprised that their minimum is so high! Are you sure?
Look back at your recent history. Have you used €5k at any stage?
But your strategy is right. Get the card. Get the limit and if and when you need it apply to have it increased.
Brendan
I am surprised that their minimum is so high! Are you sure?
Look back at your recent history. Have you used €5k at any stage?
But your strategy is right. Get the card. Get the limit and if and when you need it apply to have it increased.
Brendan
Brendan Burgess
Founder
- Messages
- 52,091
The Corporate cards have lower limits
Blackrock1
Registered User
- Messages
- 1,488
there isnt any cost to you to having a high limit, so as long as you arent tempted to use it having as high as you can get is a handy source of liquidity should you ever need it.
That’s for the platinum card. I want the platinum card for the cashback. My limit at Kbc was 2.5k but that was too low. I have to make 2 payments some months when I have larger once off expenses to get balance back. I reckon though 5k would be plenty
Brendan Burgess
Founder
- Messages
- 52,091
OK, their website says nothing about that.
But there could be a limit on the Platinum card, I suppose.
Brendan
But there could be a limit on the Platinum card, I suppose.
Brendan
In my experience the limits they give out have become lower over the years. 15 years ago I knew more than a few people who had 15-20k limits of salaries in the mid 50k range. These days I know people who have been refused credit cards while having 100k salaries with no liabilities.
In my own case my current limit I was given is lower than it was on my last card even though my salary is higher.
In my own case my current limit I was given is lower than it was on my last card even though my salary is higher.
Pinoy adventure
Registered User
- Messages
- 1,208
BOI is 3500 for personal customers,which can be increased if needed with payslips.
Same with me. Moved from UB and got a 12k limit with avant. Had a 10k limit with UB though.
I have an Ulster Bank credit card with a 3k limit on it. It's a good figure, I can pay my yearly health Insurance for myself and my wife during the one renewal.
Ulster Bank is closing. I rang the AIB where I had also opened a new current account a few months previously. I asked for a €3k limit. Lots of number crunching and the less knowledgeable person dealing with me said that I am approved for €3k.
When the card was posted to me it had a limit on it of €2.5k.
I was annoyed because I had toyed with the idea of opening a new credit card separate to the place where I had my current account.
Just one of the many problems I have had, and still have, when I started the process of opening accounts with the AIB.
When I have the energy, I will contact them again and see if I can get the limit increased to the €3k that I wanted and was told that I would get.
It's draining dealing with the AIB.
I have an AIB platinum card,. I had to really dig around to find my CC limit. The only place I could find it was on the PDF of a bill on the app.
OP . I don't know if there is an average. It depends how you use your CC. Mine is €5600 . Hasnt changed in over 20 years, since I rang to ask for it to be increased so I could book an expensive holiday.
OP . I don't know if there is an average. It depends how you use your CC. Mine is €5600 . Hasnt changed in over 20 years, since I rang to ask for it to be increased so I could book an expensive holiday.
To be honest, the first place I would look to see what my limit is would the bill!!!!
Mine is €5,200 with UB and this is a rounding up from punts when the currency changed. In hindsight, I must have had a large-ish limit in the 1990's when I got my credit card initially.
In the olden times,
I use the app to check transactions, payments etc so I havent looked at a bill in a few years.,
In the olden times, yes, but its seemed a bit odd that given the amount of info on the app, the PDF of a bill was the only place I could find it.
I use the app to check transactions, payments etc so I havent looked at a bill in a few years.,
Laughahalla
Registered User
- Messages
- 356
Having a high limit on a credit card can be vanity. Possibly dangerous if you use it all. Paying back 20k at 17% is no fun. A moment of madness could happen.
If you are disciplined then might be ok but lots of people are not disciplined.
If you are disciplined then might be ok but lots of people are not disciplined.
Hmmm... I find this hard to believe.
5k limit for us and rarely make a purchase for more than a few hundred euro. What do people with 12k limits use them for?
Brendan Burgess
Founder
- Messages
- 52,091
You can apply online or through the App. Not too much energy required - dealing with people can be draining.
Brendan
I suppose it is my inner orderliness that would help me. I (rather sadly, I suppose) diligently download each month's pdf statement and file it electronically in year order. But I do that for all my utilities, bank statements etc.
Actually, Im the same. I love a bit of filing, used to keep my CC bills for years , but I've let go. Its very freeing