http://www.stampcollectioninfo.com/card-set/
Do all credit card companies have a set credit limit for balance transfers?
I applied to Barclaycard online to transfer several balances totalling £4,000, filled in all my details including how much I could pay each month (these are for 0% balance transfers for 12 months) and I get a letter with the new card saying they have set the credit limit to £950.
So I can't transfer the £4,000 over - they said they can increase the credit limit after 3 months but its not guaranteed!
My question is, before I start looking for another card that will accommodate my needs, do all card companies set a specific limit?
Thanks
Yes, every credit card comes with a credit limit.
The ideal way of using a credit card is to pay off the entire balance in full each month. Otherwise, you just end up going further and further into debt. Get a card that has a limit around what you expect to be paying each month.
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