Comparing balance transfer credit cards online since 2002
Which UK cards will allow a £4000 credit card limit? Are you looking for the most suitable 4000 balance transfer credit cards? Which 0% cards are best for a customer looking for a credit card with a £4000 limit, in 2024?
Over recent months, we have seen many more UK card customers, looking for answers to all of the above common questions.
Many card customers have questions about credit cards with 4000 limit. In addition, many customers also have questions about how to choose the best 4000 balance transfer credit cards.
£4000 Credit Card Limit
A customer making a £4000 balance transfer to a new credit card, does actually need to be approved for a new card with a credit limit, which is higher than £4,000.
There is one particular reason that a customer needs a credit card with a £4000 limit, or higher. This reason is that most UK balance transfer credit card companies set a limit on the maximum balance transfer allowed.
In the UK, balance transfers can be made for, at most, 90%, 93%, or 95% of your overall credit limit.
So to make a £4000 balance transfer, you will actually need to be given a credit limit on the new card, which is higher than £4,000.
As an example, to make a £4000 balance transfer:-
- You would need a credit limit of £4,450, or more, for those cards with a 90% transfer limit
- You would need a credit limit £4,215, or more, for those cards with a 95% transfer limit
If you have a 4k credit card limit then this would allow a transfer of at most £3800. This applies if your card has the more common 95% balance transfer limit. If you have a £4000 limit, and your card has the less common 90% transfer limit, then will only be able to make a balance transfer of £3600, at the most.
Credit Card 4000 Limit
Before the banking crisis, getting a new credit card with a £4000 credit card limit was relatively common. However, the banking crisis of 2008 did have an adverse effect on consumer lending.
This led to the credit card companies, generally, tending to issue credit cards with lower initial credit limits. Many customers are now more likely to get a £2000 credit card limit, rather than a higher £6000 credit card limit, for example.
The recent Coronavirus pandemic has also resulted in the banks being more cautious with their lending, once again. The current cost of living crisis, and economic uncertainty, has also led to lower credit card limits, once again being more common.
All of the following featured credit cards however do tend to be more generous with their credit limits. As a result, these cards, are more likely to be suitable for a customer looking for £4000 balance transfer credit cards, or a £4000 credit card limit.
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- 0% interest for up to 26 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 3 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% for up to 26 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for 3 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for up to 18 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% for up to 12 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for up to 20 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% on balance transfers for up to 12 months
- 2.9% balance transfer fee
- 0% on purchases for up to 12 months
- Credit limit up to £8,000
- Online account management
- Annual Fee: None
- You are a UK resident
- You have a bank or building society account
- You are aged 18 or over
A credit card with a £4000 limit is most likely to be available to those credit card customers who have a good, or excellent, overall credit rating. In addition these customers are likely to have a low level of debt, in relation to their overall income level.
Our large balance transfer credit cards page has more details of how to increase your prospects of being approved for larger balance transfer amounts, such as 4000 balance transfer credit cards.
Credit Card With £4000 Limit
Are you planning to make purchases on your new credit card? If so, then you are not restricted by any 90% or 95% spending limit.
A customer with a new credit card with a 4000 limit can spend up to the full £4000 on purchases. This is provided that no balance transfer has been made using your card. As a result, your whole credit limit is still available to you to use for purchases.
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