Applying for more than one card

Granville23

A family member is coming up to the end of a 0% promotion and has in excess of £4600 to transfer to another card. They have appplied for an Abbey 0% for 15 months and have been excepted, but they can only transfer £2800, so would they be refused another card application on the grounds that they have already been excepted for the Abbey. Bearing in mind though the CSO has informed them that they have a cooling off period so they could cancel the Abbey if they wanted.

The only card that is suitable as regarding exceptance criteria is the Egg card which is offering 0% for 12 months. They cant go to any MBNA cards as the debt is on VirginMoney.

So in a nutshelll has anybody manged to apply and get accepted for 2 cards at once.

Thanks
Gran

scott_lithgows

Yes last week Post office platinum and Bank of Scotland,applied just after each other,one is for BT,other is for spending on.I apply for 2 at a time,3 months apart (if needed).

Granville23

Thank you scott_lithgows, that sounds promising. We might just give it a go.

scott_lithgows

Although it pains me to say it,i would keep the (sh)abbey one(for 15 months only) and try and get the rest of credit needed by 2 applications every 3 months(try Post Office 12 months for about 3 % fee)

Granville23

Hi again scott_lithgows,

we just looked at RBS but you have to be an existing customer, I presumme that you are a RBS customer then to get one from them. They have got another one for for private banking, what ever that is, but it is not clear if that is open to anyone.

Gran

scott_lithgows

It was Bank of Scotland I got a card from,not the Royal Bank of Scotland(easy mistake)although I,m sure RBS do cards for new customers too.
Bank of Scotland is our version of Halifax,the cards are identical apart from the diff branding.
ps Have you checked out www.stoozing.com ?.Under financial tables select card issuers.This shows the diff "stables" the cards come under.(useful when you,re avoiding MBNA ones)

Granville23

Just a follow on from above.
Abbey has been a bit slow in sending out a new card so the BT is not going to get to virgin in time as the 0% expires begining of next month. We have got the money to pay it, so if we pay it off to avoid interest and then the BT goes through, on request, would Virgin pay the money back to our current account as we would be in credit by £2800.

chattychappy

Yes. About 18 months ago I was accepted for Natwest (£9150 limit) and Barclaycard (£10,000 limit) on the same day. I had got a Post Office card (£5000) a couple of weeks earlier.

About 6 months ago I got Abbey Zero (just before it was withdrawn).

However a couple of weeks ago I was refused for MBNA Virgin and Lloyds TSB. That was despite my overall credit position improving. (Lower overall balance, lower overall credit available, lower number of searches.) I think things are toughening up.

CannyJock

Granville23 wrote: »

Just a follow on from above.
Abbey has been a bit slow in sending out a new card so the BT is not going to get to virgin in time as the 0% expires begining of next month. We have got the money to pay it, so if we pay it off to avoid interest and then the BT goes through, on request, would Virgin pay the money back to our current account as we would be in credit by £2800.

They might if you explain it to their CS people like that - that you only paid it because of an X number of weeks delay with a balance transfer request with another provider. Abbey will still charge you their 3% BT fee remember - is it worth trying to get Abbey to cancel the balance transfer? If you were able to do that and get them instead to BT the money direct to your Egg Money card (I'm assuming you have one) then you'll pay less in fees.

If they're not happy to play ball then you'd get a 4% fee for a transfer direct to your current account, or if you've got an Egg Money card you can transfer it to that for a 2.98% fee and then into your current account from there. I'd be prepared to accept that you might end up paying 2 BT fees for this.

Another strike for Abbey's speed of processing.

I always repay my cards directly from my stooze pot. It's much easier to control the timings and delays like this don't impact things. Worse case scenario is that you end up with extra in your stooze pot if the "new" BT is processed quicker than expected.

Granville23

Thank you cannyjock,

the thing is the abbey bt is already set up to got to VirginMoney, so you think that if we pay it off before the bt gets there, virgin will charge 4% to move positive balance to current account, which is about £184, If that is correct then it may be worth just paying the interest on the virgin whilst waiting for the Abbey BT to go through.

Unforunately couldn't get Egg money card. But we applied for an Egg CC same time coz we only got £2900 limit on Abbey, it said you will be informed within 48 hrs. Dad phone yesterday and they said application hasn't go through, It does this sometimes. you will have to apply again. Whats that all about then. Are these deleiberate stalling taticks between them all now that they share information.