What is a credit limit and how do I change it?

Understanding your credit limit

When you apply for a credit card, we'll set up a credit limit for you. Your credit limit is the most you can spend on your credit card without having to pay some off – this means it's important to choose the right credit limit for you and your situation.

Regardless of your limit, it's a good idea not to overspend and notch up a bill you'll have trouble paying back. Remember, you don’t have to pay off your full balance every month – but you'll get charged less interest the more you pay off.

Changing your limit

You can decrease your limit through our app or online banking.

  • In the app – choose the credit card from your account list and click on the 'Manage' tab.
  • In online banking – choose the credit card from your account list, and then 'See more account details'.

Remember, to increase your limit, you'll need to give us a call on 13 17 19 or visit us.