Barclaycard Initial - Decline

telecomengineer

Hi All

I applied for the Initial Card from Barclaycard and was declined - sent in an appeal letter with bank statements, certified copy of passport, bills etc.. and they still said NO.

I have no credit history, have recently moved to live on my own (last 3 months) and I am on the electoral roll (showing on my credit files)

Also tried
Capital One - awaiting decision (said they need 7 days to do extra checks)

Vanquis - awaiting decision

As I am new to credit, I am just looking for a starter card to build up some positive history.

Lets hope I can get accepted by Cap One or Vanquis?

Karl.H_2

Don't apply for too many cards because you will look desperate. I would guess you have been refused mainly because you have recently move address. Maybe your new address hasn't been updated on your credit file.

stephane_2

If I were you, I would now wait to have response from your different application, but if you are not successful for any of them then I would suggest to wait 4/6 months before applying for anymore or your credit file will be damaged by doing to many application and you will sound desperate to potential lenders

Karl.H_2

I agree with stephane. I would put it down to moving address recently; you will have to wait until you are established in your new home for a good amount of time before reapplying. I am confident if you wait, you will be eligible for a credit-building card.

telecomengineer

capital one also declined me, so it's just Vanquis left to hear from?

Fingers crossed

If they say no also, i am going to wait 6 months and let my files recover from the searches and re-apply


Is it worth appealing to capital one? I have nothing to lose?

stephane_2

you could appeal but to be honest I think it would be a waste of time. Who are you banking with? why have you not tried with your own bank?

UncleSimit

It may be to do with your new address as the same thing happened to me.

I applied for Capital One and O2 around November/December 2008 when I had just moved address but was declined. However, in February this year when my electoral status had been updated on my credit files, I was accepted for both!