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FirstDirect Gold Credit Card - will this work?

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Comments

  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    why do they not want to see betting on your account? does lottery count as betting?
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    lopbri wrote: »
    With my recent experience with them, as long as you don't have any betting sites on your current account you'll be fine.
    i was a customer for 5 years offset mortage gold card £10000, decent salary pre approved loan etc etc, then used my current account for matched betting, pushed about £170000 through in a year, went to remortage about 6 months ago, turned down house value £220000, only needed £80000, no card debt, loan etc, turned down flat, got the mortage thru hsbc no prob, i had closed the gold card down by then, tried 2 months ago for the other card spoke with underwritter, said i had no chance with betting sites on my account and even in 6 months would be unlikley

    Ouch. Although one of the tips for matched betting is to use a separate account and debit card to avoid this and incase the card details get compromised by some dodgy Maltese bookies :) Interesting to hear a confirmed case though.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    stephane wrote: »
    why do they not want to see betting on your account? does lottery count as betting?

    Behavioural profiling for internal scoring - though if I ever took it up with an underwriter I'd be explaining that Matched Betting is a discipline that requires rigorous attention to detail and meticulous execution and actually demonstrates you're a risk-averse individual :) That and drop in your profit to date figure :)
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • lopbri
    lopbri Posts: 59 Forumite
    I was kicking myself canny, i chatted to her for about 20mins, explained what i was doing so i was actually making money, but she said when they put my 37 pages of transactions through the computer(lucky they only used 2 months of in fo ha ha), there is no chance of anything from them, so now my mortage is with hsbc, my new account with lloyds, and fd is my matched betting account. so i'll have a nice shiny clean account when i start the credit card rounds again in jan
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    lopbri wrote: »
    I was kicking myself canny, i chatted to her for about 20mins, explained what i was doing so i was actually making money, but she said when they put my 37 pages of transactions through the computer(lucky they only used 2 months of in fo ha ha), there is no chance of anything from them, so now my mortage is with hsbc, my new account with lloyds, and fd is my matched betting account. so i'll have a nice shiny clean account when i start the credit card rounds again in jan

    Good plan to move for having a bank who you can work with.

    I'd keep the FD account though, you can still put it down on credit applications to show stability with your bank (even if it's no longer your primary account) - they won't go to them for any details and they can't see that you've reduced your activity with them.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • Ritchie74
    Ritchie74 Posts: 171 Forumite
    The so-called 'principles of reciprocity'?


    Exactly, sorry if seemed trying to teach granny to suck eggs haha, just wanted to give a full answer to explains the monthly bureau feeds banks receive.
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