Cancelling a CC and reapplying for the same card?

cashbackproblems

Hi

Just wondering if this is possible to do?

Basically just closed down and paid off my halifax cc with 0% purchases for 9 months and they have the same deal, so is it possible to reapply for the same card?

There are a couple of other companies (sainsburys and Bank of scotland) offering similar deals but i find halifax quite easy to deal with and there is a branch near my work so can make monthly payments quite easily.

thanks

speedbird1973

Sainos and BofS are all the same as Halifax. You can I believe reapply for a Halifax card as a new customer almost immediately.

Barclaycard on the other inist you wait 6 months.

Moggles_2

As you know, some lenders will not consider applications from former customers for various periods following closure. Others like the Hally accept applicants as 'new' more or less straight away.

You may not get the same credit limit second time round of course. There are no guarantees.

IME, it's advisable to check credit files to make certain the account was actually closed down and marked "settled" soon after the date you cancelled before you re-apply.

cashbackproblems

Moggles wrote: »

As you know, some lenders will not consider applications from former customers for various periods following closure. Others like the Hally accept applicants as 'new' more or less straight away.

You may not get the same credit limit second time round of course. There are no guarantees.

IME, it's advisable to check credit files to make certain the account was actually closed down and marked "settled" soon after the date you cancelled before you re-apply.

thanks for the above!

how do i check it has been marked as "settled", i closed it down today if i give it a week before reapplying will it have been long enough? how long does it usually take?

never-in-doubt

With HBOS it has a 90 day wait period (3 months) before reapplying for the same or similar type of product.

Moggles_2

cashbackproblems wrote: »

How do i check it has been marked as "settled"?

For help, see page 1 of the *How to obtain credit reports* sticky

I closed it down today. If i give it a week before reapplying will it have been long enough? How long does it usually take?

You'll need to be a little more patient.

While credit searches and an increasing number of online and telephone credit card applications (those which give instant decisions and credit limits) appear on your credit file more or less in real time, this type of data can take a month or two.

Moggles_2

May I ask whether you're planning to use the new card solely for purchases? If so, there are some other good deals on offer, which you may want to consider.

To help you further, we would need to know which cards you have at the mo or have held recently, also whether you've applied for any unsuccessfully

LeeSouthEast

Egg wanted me to wait 6 months as well. I told them to shove it and went elsewhere

cashbackproblems

Moggles wrote: »

May I ask whether you're planning to use the new card solely for purchases? If so, there are some other good deals on offer, which you may want to consider.

To help you further, we would need to know which cards you have at the mo or have held recently, also whether you've applied for any unsuccessfully

Hi

I have no other cards and yes am using it solely for purchases, as i mentioned on the comparison sites the other long term 0% deals were sainsburys and bank of scotland but i have no accounts with these providers so paying monthly balances online would be difficult from a different bank account wouldnt it?

Moggles_2

cashbackproblems wrote: »

I have no other cards and yes am using it solely for purchases, as i mentioned on the comparison sites the other long term 0% deals were sainsburys and bank of scotland, but i have no accounts with these providers so paying monthly balances online would be difficult from a different bank account wouldnt it?

Well, Sainsbury's and Bank of Scotland belong to the same stable as Halifax (HBOS)

Rather than risk jumping the gun, I'd approach another lender. I have a Halifax current account and credit card, but also hold cards with other providers. Paying online from a different bank is no problem.

To maximise the 0% period on purchases, 12 months is currently available to new customers from Tesco.
Good online services and no overseas call centres

http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/index.jsp

cashbackproblems

Moggles wrote: »

Well, Sainsbury's and Bank of Scotland belong to the same stable as Halifax (HBOS)

Rather than risk jumping the gun, I'd approach another lender. I have a Halifax current account and credit card, but also hold cards with other providers. Paying online from a different bank is no problem.

To maximise the 0% period on purchases, 12 months is currently available to new customers from Tesco.
Good online services and no overseas call centres

http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/index.jsp

cheers for the tip for some reason this deal didnt come up on the comparison sites, there must be many more out there! anyway iv just applied online for the teso cc.