£10000 Credit Card Limit

Is a £10000 credit card limit possible for a UK customer applying for a new 0% credit card currently? Or is a £8000 credit card limit more likely?£10000 Credit Card Limit

Here at 0% Credit Card Expert, in recent months, we have seen many customers looking for answers to questions about a £10000 credit card limit.

As many people will know, ever since the banking crisis began, borrowing has been more difficult.

The banks and credit card companies have overall, 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 to make a larger balance transfer. This is because they already have a large balance on one, or more of their existing credit cards.

With a new 0% credit card with a £10000 limit, customers can save money by paying less interest on their outstanding debts. A new 0% balance transfer card, allows the customer to make one large, or several smaller balance transfers.

£10000 Credit Card Limit

Credit card limits are determined by the credit card companies. They 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 often as follows:-

  • The customers’s monthly income and outgoings
  • Their credit history
  • The amount of credit, such as loans and other cards, they already have available to them

If you already have a number of high limit credit cards available to you, this may reduce your new card’s credit limit. A £10000 credit card limit on a new 0% card can be hard to get for most customers. If you have many other cards already, a large credit limit may be harder to get.

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

0% Credit Card Offers

Balance Transfers:
0% for up to 35 months
Balance Transfer Fee:
2.85%
Purchases:
0% for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Post Office Money Balance Transfer Credit Card*
  • 0% for up to 35 months on balance transfers made within 3 months of account opening
  • 2.85% balance transfer fee applies
  • 0% on all purchases for the first three months
  • No cash fee to buy travel money at the Post Office
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: £0
More Information

Application Criteria

Post Office Money Balance Transfer 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
A 2.85% fee applies and balance transfers must be made within 3 months of account opening
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% 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 32 months
Balance Transfer Fee:
0.99%
Purchases:
0% for 6 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

M&S Transfer Plus Credit Card*
  • 0% for 32 months on balance transfers made within 90 days of account opening
  • 0.99% balance transfer fee, minimum £5
  • 0% on purchases for 6 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Transfer Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
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)

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 32 months
Balance Transfer Fee:
1.4%
Purchases:
0% for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

HSBC Credit Card*
  • 0% interest for 32 months on balance transfers made within 60 days of account opening
  • 1.4% balance transfer fee (minimum £5)
  • 0% on purchases for 3 months from account opening
  • At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: £0
More Information

Application Criteria

HSBC Credit Card*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
£25 cashback when use card for minimum of £100 for either purchase or balance transfer within 60 days of account opening (terms apply)
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)
Credit is subject to status

0% Credit Card Offers

Balance Transfers:
0% for 12 months
Balance Transfer Fee:
0%
Purchases:
0% for 12 months
Representative APR:
17.9% APR (variable)
More Information

Credit Card Details

Nationwide Credit Card just for Nationwide members*
  • 0% on balance transfers for 12 months from account opening
  • 0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
  • 0% on purchases for 12 months from account opening
  • Commission free allowance on purchases abroad (subject to terms)
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

Nationwide Credit Card just for Nationwide members*
  • Our credit cards are just for members. You’re a member when you have a current account, mortgage or savings account with us
  • You have been living in the UK for the last 12 months
  • You have a gross income each year of more than £5000
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 17.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 17.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 25 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 25 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

M&S Shopping Plus Credit Card*
  • 0% for 25 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 25 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Shopping Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
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)

£8000 Credit Card 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. 0% credit cards with large limits like a £8000 credit card limit, or a £9000 credit card are rarer today. These large credit limits are now more likely to be given to customers over a period of time. This will probably also require one or more increases in their credit limit.

If the card limit you receive, for example a credit card with a £8000 limit, is lower than you would like, all is not lost. A customer can still save money by making a purchase or a balance transfer, for up to their credit limit. This will allow the customer to benefit from the 0% introductory rates on the new card.

Immediately cancelling any new credit card, which has a lower credit limit than you would like, such as a £5000 credit card limit for example, is not recommended.  If you immediately apply again for a different card, this is unlikely to result in a larger credit card limit.

Credit Card £10000 Limit

A card with a £10k credit card limit can also be obtained when a customer uses their credit card responsibly. This is when you stay within your credit limits and make the monthly payments on time, every month. Over time a customer can then apply to increase their initial credit limit. If this request is successful, you may then obtain a £10000 credit card limit.

A £10000 credit card limit, or a £8000 credit card, 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. The credit limit  is not based on the choice of payment network used by any particular credit card.


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