Why do credit card companies increase your credit limit
 

...when you're not even fully using the credit they've given you??

For example, I had a credit card that had a limit of £2,500. I only used at the most maybe up to £300, and then I'd pay it all back when it was due.

The credit card company sent me a letter and said they were really happy with how I was managing my credit card and that they planned to increase my credit limit further.:shrug:

WHY? When I wasn't using the £2,500.:shrug:

To encourage you to spend more unfortunately, they tend to do this before an event so if you have a birthday coming up or Christmas in comes the increase, unfortunately not everyone can ignore and spend up and end up paying back for years on end

Haha, thanks.:joker: They're not gonna make me spend more.:joker:

I've never asked for a rise but they keep giving them. And I keep paying my bill up every month so I don't have to pay interest. I bet they hate me.

I'm not mean. I'm just careful.

My bank gave me a thousand pound overdraft....dont they see the paddypower deductions on my statements...the fools.

Same

When I first got my credit card I specifically said I wanted a low credit limit and it was was originally £4000 but now it’s up to £7000 :conf2:

I believe that they are wasting their time :laugh:

Same here.
But we pay it off every month, so they probably want us to use it for more stuff, then they get the 5% or whatever on all goods purchased.

Tempting yer.

:joker:

Paypal gave me thousands in credit too. Never used it.:joker:

:joker:

Like the old days when the banks used to throw credit at people and look what happened there.

Back to their old ways.