Hi
I'm looking at applying for the Virgin Credit Card to get the 0% rate for 16 months.
I want to use this to pay off a loan I have, by transferring the amount to my current account.
However, I will need a credit limit of at least 10000 or there is no point in me getting the card.
I can easily afford my current loan repayments, but this would let me pay my debts off much quicker.
No-one can predict credit limits, but I was wondering what limits other people had been given.
I don't want to be in a situation where I have a credit card with a 5000 limit which I can't/don't want to use.
If I apply and don't get enough, is it easy enough to back out without committing to the card?
Any help or advice gratefully received!
I'm looking at applying for the Virgin Credit Card to get the 0% rate for 16 months.
I want to use this to pay off a loan I have, by transferring the amount to my current account.
However, I will need a credit limit of at least 10000 or there is no point in me getting the card.
I can easily afford my current loan repayments, but this would let me pay my debts off much quicker.
No-one can predict credit limits, but I was wondering what limits other people had been given.
I don't want to be in a situation where I have a credit card with a 5000 limit which I can't/don't want to use.
If I apply and don't get enough, is it easy enough to back out without committing to the card?
Any help or advice gratefully received!
