What is the maximum credit limit with Aqua?

£1,200
The maximum initial credit limit is £1,200, although if you handle your card sensibly Aqua may increase this pretty quickly. Extra features can also help you understand your credit score, and make every monthly payment.

How much of a credit limit can I get?

You can’t exactly predict a credit limit, but you can look at averages. Most creditworthy applicants with stable incomes can expect credit card credit limits between $3,500 and $7,500. High-income applicants with excellent credit might expect a credit limit of up to or more than $10,000.

What is maximum credit limit on credit card?

The credit limit is basically the maximum amount you can spend using your credit card. For example, if your credit card provider has set a credit card limit of Rs. 40,000 then you should not spend beyond this limit.

Can I go over my credit limit Aqua?

If you go over your credit limit, you’ll probably be charged a fee. At Aqua, the fee for going over your limit is £12. If you’re getting close to your credit limit, we’ll send you a message to let you know and help you plan your spending.

What is a normal starting credit limit?

The average first credit card limit is around $1,800, according to Experian. That’s based on a credit score of 300 to 499, which is the starting point for someone with little or no credit. When you start out with credit, it’s perfectly normal for your first credit card to have a small credit limit.

How is credit limit calculated?

Most companies check your credit reports and gross annual income level to determine your credit limit. Factors that issuers like to consider include your repayment history, the length of your credit history and the number of credit accounts on your report.

What credit agency does Aqua use?

TransUnion
Aqua Coach is your credit building tool, found in the More menu of your Aqua app. Aqua Coach provides you with access to your credit score information (powered by TransUnion), as well as credit management tools to help you be better with credit.