A post was split to a new topic: Removed Posts - June 2020
Monzo can access your available credit limit regardless of whether or not you connect credit card via open banking.
Itās one of the data points held by the credit reference agencies.
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Depends which credit reference agencies both parties report to. If Monzo were able to see it before they saw it via open banking, I should have been declined at the outset, but they offered me Ā£1000.
Barclaycard likely reports to all of the main credit reference agencies so I donāt think it would matter which one/s Monzo uses.
On why decision was changed - if it was months between applications I think thereās every possibility Monzo could have changed their internal decision criteria in that period.
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Perhaps. Makes little sense my circumstances influenced it though. Income was higher, credit utilisation was the same. I drew the parallel I did as it was fairly soon after integrating my Barclaycard into Monzo that their offer was revoked upon moving to the percent based interest. From my perspective itās the only thing Iām aware of that changed. Perhaps Monzo did change their criteria, they do need to be stingy whilst they generate no profit after all.
I only regularly check experian, the others I only check occasionally for potential anomalies. Barclaycard, most of my traditional accounts, and N26 show up on my Experian report, but Monzo, Revolut, PayPal, and some others donāt.
I had the same exact issue! That finally resolved itself. Now I am told my āIncome is too lowā
Not really sure how high an income they are setting as their threshold, but I do know people with lower incomes who have overdrafts with Monzo.
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I give up trying to guess how Monzo calculate this. They eventually decided I was good to have a Ā£500 overdraft again, despite no reported changes in my income or circumstances, credit availability etc.
Perhaps it ties in somewhat to how youāre using your Monzo account. Both times they offered me one, I think (itās possible I was using revolut when they offered me Ā£500. I canāt remember if it was before or after Plus launched, but it was around that time.) I was actively using the account as a primary bank account. In the period they revoked it, I believe I was doing my core banking with N26.
Who knows? 
I actually checked mine again yesterday, months ago I reduced it from 100 down to 50 and I tend to check every month just to see what theyāll offer, for the last 6 months they wouldnāt go above 50. Yesterday the offer was 3000 and my income has gone down slightly as one of my furloughed jobs ended in July.
Iāve also given up trying to work out what the roulette wheel lands on next 
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Is that a typo for 300, or has the maximum finally been increased beyond Ā£500 now?
I think itās a typo
Although I didnāt know the limit was Ā£500 - I have Ā£1,000 and thought that was the maximum 
Ā£1000 use to be the max. It was lowered to Ā£500 for new applications around the time they swapped to percentages. Not heard any news surrounding overdraft limits since then.
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No typo
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Just went through the process to check mine again to see if theyāll allow me more. Still capped at Ā£500 for now. 
Klarna did hard search me recently though for Xbox all access, otherwise same circumstances as the time I had 1k, except income is now higher.
Itās not a big deal, because I never use it, but large overdrafts are for that just in case emergency peace of mind, so Iām not worried trying to get money out of savings, before covering expenses.
Iām a bit confused how they now say I can go from 50 up to that 3000 but they still keep me on the bottom tier of the interest rate, if suddenly I can increase that massively then surely they should also be saying actually letās move that now to the middle rate. I donāt use my overdraft so the charges donāt mean anything to me but itās the principal of the thing
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I mean, to add more confusion to these flames, according to the page on overdrafts, Ā£500 is still the limit!
So how in the world did their system manage to award you Ā£3000! 
ETA: scrolled down to the slider for calculating charges and it scales up to Ā£3k. Curious.
VIP customer ya know
I best not let on that Iāve got dark mode either š¤¦
Must be out of date help page someoneās forgotten to put the new figures in. Iāve not taken the 3 grand though
Out of interest, I did the same, though happy with current value
A lot more questions now than before, including first checking type of profession (which was a hard one to pick from as none of the options felt dead on - where is Engineering?) and whether I fell within a certain field (which I did)
Particularly intrigued by the second as it felt broadly like shaping up for taking a viewpoint on how mainstream the role is and potentially ethical considerations. That feels a little like what I saw around which businesses can and cannot get accounts right now (though second hand as donāt have a business of my own)
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