Increase or decrease your credit limit
What is a credit limit?
Your credit limit is the maximum amount of money you can borrow using your credit card.
Your available credit is your credit limit minus any outstanding balance on your card. For example, if you have a credit limit of £1,500 and make a purchase of £500, you will have £1,000 still available. If you try to make a purchase that would put you over that limit, there’s a chance it will be declined.
Lenders work out your credit limit based on a number of things, such as your income, regular spending and how you’ve managed credit in the past.
When you apply for a credit card, you won’t usually know what your credit limit will be. We’ll confirm your credit limit in the approval letter that comes with your new Barclaycard, which you’ll find on your statement and in the Barclaycard app*. You’ll also find it in online servicing (unless you have an Amazon Barclaycard).
Don’t have our app? See what our app can do.
When you download the app, you agree to receiving your statements online. You can view these in the app at any time. If you’d like to receive paper statements, you can change your statement settings in the app (unless you have an Amazon Barclaycard).
*You need to be 18 or over to access this product or service using the app. T&Cs apply.
How your credit limit is set
Your credit limit is based on a number of factors related to your finances. These include:
- your earnings and disposable income after paying your household bills and other regular costs
- outstanding debts like mortgages, loans and other credit cards
- your credit score and credit history. Here’s how to check your credit score
- how many other sources of credit you already have (i.e. how much you already owe)
- your payment history with the lender you’re applying to
- If you want to dig a little deeper into how your credit score and credit limit are set, you can find more information at The truth about your credit rating: Seven common myths busted.
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Amazon Barclaycard credit limits
For the moment, it’s not possible to request an increase to the credit limit for your Amazon Barclaycard. We’re hoping to introduce this feature in the near future. You can use our app to ask us to decrease your limit, instead of calling us.
- We won’t send you a letter – instead you’ll receive an email.
- Your new, lower limit will take effect one day after the email is sent.
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Can my credit limit change?
Your credit limit can increase or decrease from when you first get your card. This can happen either at your request, or because the bank needs to make a change due to a change in circumstances. Here are some of the possibilities.
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What if my credit limit is decreased
Occasionally we may have to reduce your credit limit. This usually happens because of how you’re using your Barclaycard or credit from other lenders, and from information we’re sent from Credit Reference Agencies about your credit history. Reasons can include:
We’ll think about it carefully before we decide to reduce your limit. We’ll look at how you’ve used your card in the past – and how you’re using it now. We’ll look at other types of credit you’ve got too. And if we do decide to lower your limit, we’ll send you a letter to let you know – your new limit will take effect three days after the date on this letter.
It’s not an easy decision, but we want to make sure you don’t get into more debt than you can manage. A lower credit limit can help you to stay on top of your finances in the long-term. It can even help you build up your credit rating again over time.
Of course, you can also reapply for a credit limit increase – but you should wait several months. You may want to use this time to improve your credit score. This will significantly improve your chance of being approved for your next increase. Here are some tips for how to raise your credit score even further.
Get in touch if you’d like to speak to us about reducing your credit limit.
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Changing your credit limit
You can ask for an increase or decrease in your credit limit online. Just tell us what you'd like your credit limit to be and we'll see what we can do for you. If we decide we can change it, we’ll update it. If we can’t change it, we’ll let you know – usually within 24 hours.
You can also ask us to increase or decrease your credit limit in Barclaycard online servicing.
What you need to know before you ask us to change your limit
Quick guide
Not registered? Register now to update your details.
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Why has my credit limit increase request been declined?
We make decisions on credit limit increases based on information we already hold on you from credit reference agencies and how you’ve used your Barclaycard in the past. As a responsible lender, we may have to decline your request for a credit limit increase to make sure you don’t get into more debt than you can manage. There are a number of reasons why we might decline your request – here are some of the most common ones:
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Important things not to do
When it comes to credit limits, there are a few things you should avoid doing. Don’t try to increase your credit limit by spending beyond it. Going beyond your overdraft limit is likely to cost you in higher fees or penalties. It may also go on your credit history and harm your chance of being approved for a credit limit increase.
You should also try to avoid asking for a credit limit increase if you’re struggling to meet your expenses and repayment costs. It may seem like a tempting option, but can often lead to even deeper debt.
However, if you need to increase your credit limit for a single purchase, some banks will let you shift your lines of credit between different cards. For example, if you have a £2000 credit limit on one card and a £6,000 credit limit on a different one, you might ask for £1000 to be moved to the other card so you can make purchases without exceeding your credit limit. Not all banks will agree, but it’s worth calling. If you need help managing your spending and borrowing, just call and see if we can help.
If you’re looking for ways to manage debt, you’ll find some answers at Money worries? We can help for additional help.
Money worries? We can help
Are you finding it difficult to stay on top of your finances? Has a change left you with less money to pay your bills? If you’re struggling with debt or money worries in general, there are organisations that may be able to help.
Speak with our support team on:
0800 046 8324
Calls to 0800 and 0808 numbers are free from UK landlines. Mobile charges may vary.
Calls to 03 numbers use free plan minutes if available – otherwise they cost the same as calls to 01/02 prefix numbers.
The line is free and open 8am – 9pm Monday to Friday, and 9am – 4pm Saturday.
Other ways you can get help
StepChange is the UK's largest provider of genuinely free independent debt advice and managed solutions, helping almost 600,000 people a year resolve problems, repay debts and rebuild lives.
For local debt help, contact Citizen's Advice Bureau for a list of debt counsellors in your area.