Egg Money Card - Worth getting as a mule?

Smitty

I fully understand the benefit of having the Egg money card (and old egg blue) as a mule for when the green card is tied up with anniversary offers, but I am concerned that it will push my total amount of available credit too high and this will prevent me getting new cards to continue my stoozing operation.

I have an excellent credit history and have never been turned down for a card. Over the past 15 months Ive built up available credit of 140% of my salary over 5 cards... most of which being used currently to stooze (due to new offers), apart from my green egg card which is clear and is just used as a mule.

I have read from previous posters that Intelligent Finance would probably not offer me a card because of my high available credit: salary ratio.

So... is it worth me getting an Egg Money card? Which means sometimes Ill have 2 empty egg cards increasing my available credit. Ive also read in another thread about someone getting 1% cashback on a BACS transaction although I assume this loophole will soon close.

Do they tend to give people the same credit limits as their egg green card?

Does anyone have 200% available credit: salary ratio and still get accepted for new credit cards?

Any advice from old pros much appreciated

YorkshireBoy

If you're using Egg Money as a mule you don't *need* a high limit do you? Once you have obtained the card, lower the limit to a level that you, and your CRA report, are comfortable with.

The only downside is that some lenders may use scoring based on "number of cards held" as well as total "available" credit.

Does anyone have 200% available credit: salary ratio and still get accepted for new credit cards?

Yes, but I'm fortunate in that £37K of it is not reported to the CRA's.

Smitty

good point about the small C'Limit. Then I agree the only downside is the extra card and the credit search.

I guess your £37k is on lloyds and HSBC. I assume this will become an issue when your deals on these run out.

YorkshireBoy

Smitty wrote:

I guess your £37k is on lloyds and HSBC. I assume this will become an issue when your deals on these run out.

It might if I can't find another lender that doesn't report to the CRA's.

Smitty

all the best YB

Are there any others getting accepted for new cards with over 200% available credit:salary ratio ?