£10000 Credit Card Limit

Is a £10000 credit card limit possible for a credit card customer applying for a new 0% credit card in the UK in 2017?£10000 Credit Card Limit

Here at 0% Credit Card Expert we have seen a large number of customers over recent months, looking for answers to questions relating to a £10000 credit card limit.

As many people will know, ever since the banking crisis, the banks and credit card companies have tended to be more cautious with their lending to UK customers. As a result obtaining a large credit card limit has generally been more difficult.

Customers will often look for a credit card with a £10000 limit, because they already have a large balance on one, or more of their existing credit cards.

A new 0% credit card with a £10000 limit, will allow a customer to save more money by paying less interest after making one large, or several smaller balance transfers to a new card with a 0% offer on balance transfers

£10000 Credit Card Limit

Credit card limits are determined by the credit card companies, who use the information provided by the customer during the application process and also use information from credit reference agencies.

The main criteria used in deciding what credit card limit to give a new customer are the customers’s income, credit history and the amount of credit they already have available to them.

If you already have a number of high limit credit cards available to you, then you may actually reduce your chances of being granted a £10000 credit card limit on a new 0% credit card.

Over recent years we have seen that a small number of the credit card companies do tend to be more generous with their credit card limits. As a result, the following featured cards are more likely to be suitable for a customer looking for a £10000 credit card limit:-

0% Credit Card Offers

Balance Transfers:
0% interest for 40 months
Balance Transfer Fee:
2.69%
Purchases:
0% interest for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Tesco Clubcard Credit Card for Balance Transfers*
  • 0% interest for up to 40 months on balance transfers from account opening
  • 2.69% balance transfer fee
  • 0% interest for 3 months on purchases from account opening
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • The 0% offer is applied to any balances or money transferred within the first 90 days of opening your account
  • Apply online and get a decision within 60 seconds
  • Annual Fee: £0
More Information

Application Criteria

Tesco Clubcard Credit Card for Balance Transfers*
  • You have an annnual income of at least £5,000
  • You are at least 18 years of age
  • You have a good credit history
  • You live in the UK, or have a British Forces Post Office address
  • You do not currently hold more than 1 Tesco Bank Credit Card
  • You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
The APR, length of promotional offer, and credit limit may vary as they are dependent on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% for 30 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 30 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Post Office Money Matched Credit Card*
  • 0% for 30 months on balance transfers made within 3 months of account opening
  • 2.75% balance transfer fee
  • 0% on purchases for first 30 months
  • No cash fee when you purchase Post Office Travel Money
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: £0
More Information

Application Criteria

Post Office Money Matched Credit Card*
  • You are a UK resident
  • You have a bank or building society account
  • You have an annual income of £8,000 or more excluding unemployment benefits
  • You are aged 18 or over
  • You have no county court judgements
  • You must not already hold a Post Office Money Credit Card
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

0% Credit Card Offers

Balance Transfers:
0% for up to 33 months
Balance Transfer Fee:
0.58%
Purchases:
0% for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Lloyds Platinum 33 Month Credit Card*
  • 0% for up to 33 months from account opening on balance transfers
  • 0.58% fee applies (after 2.42% refund) on balance transfers made in first 90 days, 3% fee applies after first 90 days
  • 0% for 3 months from account opening on purchases
  • Lloyds Bank Clicksafe and Internet fraud protection
  • Online servicing with Internet Banking
  • Annual Fee: £0
More Information

Application Criteria

Lloyds Platinum 33 Month Credit Card*
  • You are a UK resident
  • You have had a permanent UK address for 3 years or more
  • You have a good credit rating/history
  • You are aged 18 or over
More Information
£20 cashback on your first balance transfer made within 90 days of account opening
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
APR and Promotional periods may vary depending on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% for up to 38 months
Balance Transfer Fee:
2.25%
Purchases:
0% for 6 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Halifax 38 Month Credit Card*
  • 0% for up to 38 months from account opening on balance transfers made in first 90 days
  • 2.25% balance transfer fee in first 90 days (after 0.75% refund), 3% fee applies after 90 days
  • 0% for 6 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Manage your card online using Online Banking and Mobile Banking
  • Annual Fee: £0
More Information

Application Criteria

Halifax 38 Month Credit Card*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
2.25% balance transfer fee (after refund) in first 90 days, 3% fee applies after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

0% Credit Card Offers

Balance Transfers:
0% for 39 months
Balance Transfer Fee:
2.4%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Credit Card Details

Virgin Money 39 Month Balance Transfer Credit Card*
  • 0% on balance transfers for 39 months from date account opened (20.9% APR thereafter)
  • 2.4% balance transfer fee in first 60 days, 5% fee applies after 60 days
  • 0% on purchases for 3 months from the date your account is opened
  • 0% on money transfers for 39 months from date account opened (20.9% APR thereafter)
  • 3.80% money transfer fee in first 60 days , 5% fee applies after 60 days
  • Contactless payments to quickly and securely pay for purchases up to £30
  • Annual fee for card: None
More Information

Application Criteria

Virgin Money 39 Month Balance Transfer Credit Card*
  • You are a UK resident
  • You have a bank or building society account
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 20.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 6 months
Balance Transfer Fee:
3%
Purchases:
0% for 30 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Halifax 30 Month Purchase Credit Card*
  • 0% for 6 months from account opening on balance transfers within the first 90 days
  • 3% balance transfer fee
  • 0% for first 30 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Manage your card online using Online Banking and Mobile Banking
  • Annual Fee: £0
More Information

Application Criteria

Halifax 30 Month Purchase Credit Card*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Credit Card £10000 Limit

Only a very small number of UK customers who apply for a new 0% credit card are likely to get a credit card with a £10 000 limit straight away.

If the credit card limit you receive is lower than you would have liked, all is not lost. A customer can still save money by making a purchase or a balance transfer, for up to their credit limit and still benefit from the 0% introductory rates.

Immediately cancelling any new credit card, which has a lower credit limit than you would like, such as a £4000 credit card limit for example, is not recommended. This is often unlikely to result in a higher credit card limit, should you then apply again immediately with a different card company.

A credit card with a £10k credit card  limit can also be obtained when a customer uses their new credit card responsibly, staying within their credit limits and making the monthly payments on time. Over time a customer can then apply to increase their initial credit limit and so obtain a £10000 credit card limit.

A £10000 credit card limit is just as likely on both MasterCard and Visa credit cards. The customer’s credit card limit is based only on the information available to the credit card company and is not based on the payment network used by the card.


Related Content From 0% Credit Card Expert:-

Today on 0% Credit Card Expert there are:-

107 UK 0% credit cards currently avaliable offering:-

  • 0% interest on balance transfers for up to 40 months
  • 0% interest on purchases for up to 32 months