I recently told you about my lovely credit card company who offered me:
0% on all purchases till the end of the year.
I have activated my card now and I had to go online to get the PIN. I did this but then there was this curious menu button that caught my eye…..
Credit Limit Increase
Hmmm. I like the sound of that! So I innocently clicked on it expecting to see this massive form asking for this, that and everything else! However quite the opposite.
The first question got me salivating:
What would you like your new credit limit to be?
That’s like asking a kid how many sweets do you want.
Now my credit limit is £13,500 so I thought I would pitch it just below cheeky. So I put in:
£20,000.
Then there were 5 more really basic and boring questions like occupation, income etc. And then they said they might call you to get further info.
I got that call the very next day. I only did the application at around midnight and they are calling me within 12 hours! NICE.
So they asked me what I did, what I wanted the money for and the guy got in to a bit of a chit chat about how the recession may have helped landlords. Then at the end of the conversation he said:
“Right your limit has increased to £20,000”
I said is that it? And he said yes, your limit will be activated to go up to £20,000 and it should show in your online account within 24 hours. Well actually it is showing now after 3 hours my brand new credit limit of £20,000.
So what does £20,000 mean to you? Does it mean 2, 3 or even 4 properties? I hope so.
Is the credit crunch starting to melt? It seems like it. I wish I had asked for £25,000 now. I think I will pencil that in to do next month!