First Credit Card HELP!

lewis89

Hi guys,

im 20 and aware in the future i need a credit rating for certain things such as mortgages etc..

I applied for a Barclaycard INitial which is supposed to be there to help build up a credit rating and got declined. Any other suggestions??

I am on the electoral roll, got a bank account with o/d and visa debit card, never had any charges .

Thank you in advance .

YorkshireBoy

lewis89 wrote: »

got a bank account with o/d and visa debit card, never had any charges .

Have you asked your bank for a credit card? After all, they know more about your finances than anybody else.

YorkshireBoy

lewis89 wrote: »

I am on the electoral roll

I believe Barclaycard search Equifax files. Suggest you order a report and check they are showing you on the electoral roll.

You might want to order an Experian report as well, since they're only £2 a copy each.

cifpower

Do you earn £10k pa as this is a requirement of the card?

seeya23

try one of these easy than Barclaycard INitial
auqa card http://www.aquacard.co.uk/
Capital One http://www.capitalone.co.uk/creditcards/cards.jsf
Vanquis Visa http://www.vanquis.co.uk/home/home.aspx

lewis89

ye i earn over 10k, checked my experian report nothing wrong with it, asked my bank for a credit card they declined me too!

cifpower

Then I would start with a sub-prime card (Aqua or Vanquis). Be warned that they have high APRs so pay off in full each month to avoid interest charges.

YorkshireBoy

lewis89 wrote: »

ye i earn over 10k, checked my experian report nothing wrong with it

Check Equifax as well.

asked my bank

Who are?

they declined me too!

What reason did they give, or 'indicate'?

lewis89

Bank with abbey, tried to get the abbey zero, said to me that i did not meet minimum requirements , these being 7.5k income, 18yr or over, resident in the uk, i meet all these

YorkshireBoy

lewis89 wrote: »

Bank with abbey, tried to get the abbey zero, said to me that i did not meet minimum requirements , these being 7.5k income, 18yr or over, resident in the uk, i meet all these

Did they externally search your credit reference agency file, or decline you on an internal 'policy rule'?

lewis89

they done a bureau search if that helps, the search appears on my credit file.