credit cards

sussan_2

last year i had too many searches on my credit report for credit cards decided to stop in july 2008 i hav 1 credit card with Vanquis with a limit of 1250 but the interest rate is 39% so am looking for a credit card with a low apr is it okay for me to apply for a high street credit card i got the v..credit card because i didnt hav any credit history jus wanted to build my credit rating, one more thing i hav a catalogue account with littlewoods and additions am looking for an easy credit card to get.Is it the right time for me to apply or i should wait?:money:

staffie1

Now is probably the worst time unless you have a spotless credit report. You might be OK - it's been 6 mths. Get a copy of your report from Experian or Equifax and check it yourself.
Any pay off your debts and close these damned credit accounts!

sussan_2

i hav seen my credit report i dont hav any ccjs, or late payments only a lot of searches beginning of last year on my credit report am on the electorol i pay all my credit accounts on time when i applied for vanquis they started me with a 250 limit in may 2008 six months on they increased my limit to 1250 but i dont like the apr its jus too much i know its okay for building my credit history,but i jus want a credit card with a low apr pliz help

staffie1

Well pick a card and apply for it and see what happens.

sussan_2

which one is easy to get a lot of people were saying tesco and capital one are the hardest i saw on another thread that asda and pay pal are a bit easy i dont want to apply and get rejected becoz am planning to buy a flat early next year.

staffie1

What do you want the new credit card for? Are you planning to transfer the debts on your existing more expensive card in order to pay it off quickly, or do you plan to spend on it..?

sussan_2

jus wanted to transfer and pay less interest and to make purchases.

staffie1

its unlikely you will be able to find a card that will allow you to do both at a low interest rate. Have you tried the comparison sites (e.g. uswitch, moneysupermarket, etc?) There is a section on this website you should read which gives good advice on cards.

sussan_2

i dont mind about the purchases becoz most of the time i use cash.jus wanted to change from the high interest to a much lower at least 11% is better than 39% which am paying with vanquis.i got the card to build my credit history thats it.its high time i changed