A credit limit is the amount that your card provider is willing to make available to you – in other words, it’s the maximum amount of money that you’re able to borrow.
Your 'available credit' is your credit limit minus any outstanding balance on your card. Your maximum credit limit will be decided based on a number of things, such as how long you've been a customer and how you’ve used credit cards in the past.
When you apply for a credit card, you won’t usually know what the credit limit will be. Often, we’ll tell you your actual credit limit when you receive your new card.
It’s shown on the letter you get with your Barclaycard, on your statement, and on Barclaycard online servicing and the Barclaycard app. You can sign up to text or email alerts that’ll keep you up-to-date on your balance and available credit.
Depending on how you manage your account, your credit limit might be increased or decreased from time to time.
Read our guide on lower credit limits PDF (209KB)
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.
Get in touch if you’d like to speak to us about reducing your credit limit.
You can request either an increase or a 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 to change it, we’ll update it straight away. If we can’t change it, we’ll let you know – usually within 24 hours.
Not registered? Register now to update your details.
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:
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.
0800 046 8324
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