credit card information

Innocent_Guy

linton73 wrote: »

Oh forgot to mention

he did have a hsbc credit card about 3-4 yrs ago we were cohersed into applying while out one day lol long story

it arrived and we duly ripped it up and closed the account will that count as credit history ?

He wants to apply for afew and then choose the best one and cancel the rest
his credit history short term isn't a problem how many searches can be done without
it starting to have an affect ?

If he got accepted for a HSBC credit card thats great. HSBC are mainstream. I regret to inform you that HSBC are only accepting applications from HSBC customers at the moment so If he is not then that is out of the question.

They say 2-3 searches in 6 months is ok

linton73

it was very random we'd forgot we'd done it until it arrived in the post and he clsoed it within a week of getting the card

I've told him to start off on capital one or some other credit builder but he wants to apply for virgin the asda or egg.

Innocent_Guy

linton73 wrote: »

it was very random we'd forgot we'd done it until it arrived in the post and he clsoed it within a week of getting the card

I've told him to start off on capital one or some other credit builder but he wants to apply for virgin the asda or egg.

Why doesn't he go to his own bank?

What credit does he have at the moment?

never-in-doubt

linton73 wrote: »

it was very random we'd forgot we'd done it until it arrived in the post and he clsoed it within a week of getting the card

I've told him to start off on capital one or some other credit builder but he wants to apply for virgin the asda or egg.

Virgin = MBNA
Asda = GE Money
Egg = Citi

They are all maintream issuers.... may get refused for them all. I'd suggest vanquis and see how he gets on there first of all.

Moggles_2

linton73 wrote: »

If my husband applies for a credit card, will it be looked on as a joint credit card with me as his wife? I'm already with MBNA and he'd like the Virgin credit card which is from the same company.

No, a credit card cannot be held jointly.

Each applicant is scored individually, so the fact that you have an MBNA card neither helps nor hinders his chances of acceptance by Virgin.

Only if he added you as an additional cardholder (financially linked).

Requesting an additional card for your partner makes no difference. As noted above, a credit card cannot be held jointly. The principle cardholder remains solely liable for the debt

If you share a financial product (eg. joint bank a/c) with someone else, then you are financially linked to them (this is important because their affairs could have an effect on your credit rating), but simply being married to somebody, occupying the same home or having an additional card on their credit card account, has no effect whatever

linton73

he doesn't have any credit and he's with RBS

he may well go with them but i don't think they offer incentive cards such as moneyback or loyalty cards like asda or egg.

never-in-doubt

linton73 wrote: »

he doesn't have any credit and he's with RBS

he may well go with them but i don't think they offer incentive cards such as moneyback or loyalty cards like asda or egg.

Tesco Card?

Moggles_2

linton73 wrote: »

He wants to apply for a few and then choose the best one and cancel the rest

This could do more harm than good, as I think you realise.

I've told him to start off on Capital One or some other credit builder ...

You've got the right idea. If this would be his first credit card, he may have a limited credit history, so from the lender's perspective he's something of an unknown quantity. They are likely to see his lack of a payment history as too great a risk. He may need a starter card to build up a credit rating.

For tips to improve his chances of credit card acceptance, have a look at the *Credit Rating: how it works and how to improve it guide*, especially Martin's *Manage and Improve your credit score* article

http://www.moneysavingexpert.com/banking/credit-rating-credit-score#improve

never-in-doubt

Moggles wrote: »

This could do more harm than good, as I think you realise.



You've got the right idea. If this would be his first credit card, he may have a limited credit history, so from the lender's perspective he's something of an unknown quantity. They are likely to see his lack of a payment history as too great a risk. He may need a starter card to build up a credit rating.

For tips to improve his chances of credit card acceptance, have a look at the *Credit Rating: how it works and how to improve it guide*, especially Martin's *Manage and Improve your credit score* article

http://www.moneysavingexpert.com/banking/credit-rating-credit-score#improve

What if his RBS account is a full bank account? This would be recording green '0's for him and would have given him a good score?

Moggles_2

never-in-doubt wrote: »

What if his RBS account is a full bank account? This would be recording green '0's for him and would have given him a good score?

It's a help, particularly if he's been with the same bank for a while.

OP, have you checked his credit reports to see what's on there? For help, see page 1 of the *How to obtain credit reports* sticky