tickComparing UK 0% credit cards online since 2002
tickEvery 0% credit card currently available online
tick0% credit card deals and offers are updated daily

£3000 Credit Card Limit

Which credit cards are more likely to give a £3000 credit card limit to new customers, in the UK? Is a £2000 credit card limit easier to get? Or is a credit card with a 3000 limit more common, in 2024?

In the UK, a 3000 credit card limit, allows you to spend up to £3000 using your card.

Many UK customers would like to make a balance transfer from their existing credit card. A £3000 credit card limit on a new 0% credit card, does allow a good-sized balance transfer. Making a balance transfer can allow you to save money, by paying no interest for the duration of your 0% introductory transfer offer.

Credit Card 3000 Limit

Credit Card 3000 Limit

A credit card with a £3000 limit can also allow you to make some larger purchases. These purchases could be a new larger high-definition TV, or a family holiday, for example.

When your new 0% credit card has an introductory offer on purchases, you can also save money on these purchases. A 0% offer on purchases allows you to pay no interest for the duration of your 0% introductory offer.

Who can apply for a 3000 credit card, in the UK?

Overall credit card limits are now no longer quite as generous, as they once were. Recent Bank Of England warnings have had a noticeable effect on the consumer lending policies of UK financial firms.

As a result, the UK card companies in general, have been stricter with the credit card limits that they give to new customers. A credit limit of around £3000 is not always quite as easy to get, as it used to be several years ago.

The recent Coronavirus pandemic, also had the effect of reducing the number of UK customers being accepted for new credit cards.

Credit Card With £3000 Limit

A £3000 credit card limit is not a particularly high credit card limit, unlike say a 10k credit card limit. However, for some people, a credit card with a 3000 limit can still be quite difficult to obtain as an initial card limit.

Some of the credit card companies do now prefer to issue new cards with lower initial limits, than in the past. This could be a £2000 credit card limit, for example. The card company may then offer a higher limit, once you have a good track record of using your card responsibly, over a period of time.

You can increase your chances of being accepted for a credit card with £3000 limit, if you can meet all of the following criteria:-

  • A good credit history
  • No recent missed payments, or bad debts
  • A regular income, ideally above £10,000 per year

In our experience the following credit card companies do tend to be slightly more generous with their initial credit card limits. As a result, the following featured cards are more likely to be suitable for customers looking for a £3000 credit card limit:-


0% Credit Card Expert may receive commissions from some of the credit card companies that we refer users to. How this site works.

Balance Transfers:
0% for up to 12 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 20 months
Representative APR:
24.9% APR (variable)
M&S Purchase Plus*
  • 0% for up to 12 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for up to 20 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Purchase Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 16 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 18 months
Representative APR:
24.9% APR (variable)
HSBC Purchase Plus*
  • 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for up to 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 26 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
M&S Transfer Plus*
  • 0% for up to 26 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for 3 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Transfer Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 24 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
HSBC Balance Transfer*
  • 0% interest for up to 24 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 12 months
Balance Transfer Fee:
2.9%
Purchases:
0% for up to 12 months
Representative APR:
34.9% APR (variable)
Post Office Classic Credit Card
  • 0% on balance transfers for up to 12 months
  • 2.9% balance transfer fee
  • 0% on purchases for up to 12 months
  • Credit limit up to £8,000
  • Online account management
  • Annual Fee: None
Post Office Classic Credit Card
  • You are a UK resident
  • You have a bank or building society account
  • You are aged 18 or over
Representative Example: 34.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 34.9% p.a. (variable)
No balance transfers allowed to this card from Capital One or Post Ofice credit cards

£3000 Balance Transfer Credit Cards

Does a new card with a £3000 limit allow a customer to make a £3000 balance transfer?

Are you looking to make a £3000 balance transfer from your existing card to a new 0% transfer card? Then you will actually need a credit limit that is higher than £3000, on your new card.

All of the UK credit card companies have a percentage limit of how much of your credit card limit can be used to make a balance transfer. This percentage limit is either, 90%, 93%, or more often 95% of your overall credit limit.

So, in order to make a £3000 balance transfer, a customer will need a credit limit of at least:-

  • £3160 for those cards with a 95% transfer limit
  • £3350 for those cards with a 90% transfer limit

£2000 Credit Card Limit

Not all customers who apply for a £3000 credit card will be successful. Some customers will be declined, and others will receive a lower limit on their new card. This could be a £2000 credit card limit, or a £2500 credit card limit, for example. Other customers may receive a higher limit, like a £3500 credit card limit.

It is important to note that if you are given a new credit card with a £2000 limit for example, that you do actually make use of the credit limit you have been given. Do not cancel that new £2000 credit card and immediately try again for another credit card, for example. This is much more likely to lead to an even lower credit card limit being given on your new application.

If you are given an initial lower 2500 credit card limit, for example, you maybe able to get an increase in your credit limit. This will in most cases, be available to you after several months of responsible usage of your card.

All of the above 0% cards suitable for a 3000 credit card limit, are credit cards with no annual fee. As a result, a customer using these cards, does not have to pay the card company any annual fee.

Choosing a Visa or Mastercard credit card will not affect your credit limit. Your actual limit is determined only by the card company, based on your own individual financial circumstances.


Related Content From 0% Credit Card Expert:-


Published: January 4, 2024, Updated: February 27, 2024 by 0% Credit Card Expert

All 0% credit card deals and offers on this website are updated daily