0% Balance Transfer Cards - Ease of Acceptance?

unidentified

On many old articles there used to be an "Ease of Acceptance" tag which said how easily you would get accepted for a particular card, but I've noticed these don't appear so much anymore.

Based on all the information floating around, can we confirm which cards are easier/more difficult to be accepted for than others?

I notice some saying Tesco is easier.

From personal experience, I always found Capital One more tricky but this may have changed.

Any info from those who have applied within the last while on who is easy and who is difficult?

hax_2

Co-op CC will accept a 40% debt to income ratio provided you have a good payment history (i.e. no missed payments whatsoever), like myself. When it reaches 50% its very difficult to get a card.

unidentified

Thanks, maybe my question was slightly misunderstood.


What I meant by "ease of acceptance" was the hassle or lack of it you that would have to go through to get a card.


ie. Instant application decision with very little hassle, maybe even decision and limit given there and then

VS

waiting weeks on paperwork to come through/waiting ages on them doing checks, extended checks or whatever




My debt to income percentage would probably be around 20-30% ish, but am more concerned about ease of acceptance as because I hold down more than one job thats going to be quite difficult to show if they requested it and if they did I think I just wouldn't bother my !!!!!.


But apart from that wanted this thread so it would help others reading too, maybe others can share their experiences?

CannyJock

Cap One have their own definition of an "excellent credit rating". I've never bothered because my stoozed balances never get near their £10K limit

MBNA have traditionally been easy and generous with limits. You apply online and if accepted get a card through without the Spanish Inquisition.

HBOS and RBS I've always found easy to deal with. Application process as straight forward as MBNA.

Some suggestions that Egg were difficult to deal with for a while but easier now though have personally never found them overly generous with limits.

Tesco are still using the RBS scoring models and systems AFAIK so they'll be as easy/difficult to deal with as RBS in general. Although they're one of the few people who have ever asked me for additional proof of income following an application.

Santander in the past were trickier to deal with, but as I've now got my first card from them en route (allegedly) maybe less so - although I have opened current accounts with them 6 months ago to build an internal score for future applications. Santander's procedures and processes from what I've seeing are overly convoluted and they're already known to be a nightmare in terms of speed of processing applications and general customer service.

Nationwide I've never had any luck with, despite having a Flex account with them years ago.

M&S (and HSBC in general) I've never found that easy to deal with but others have had repeat success using their card for the 0% travellers cheque stooz.

Annecdotal evidence LTSB is trickier to get, but can't comment have banked with them for years.

Clydesdale and Co-op rarely get mentioned so either their customers are all happy or fewer people deal with them to have problems.

Problem with this sort of thread is with every rejection story there's a dozen acceptance stories and vice-versa

izools

unidentified wrote: »

Thanks, maybe my question was slightly misunderstood.


What I meant by "ease of acceptance" was the hassle or lack of it you that would have to go through to get a card.


ie. Instant application decision with very little hassle, maybe even decision and limit given there and then

VS

waiting weeks on paperwork to come through/waiting ages on them doing checks, extended checks or whatever




My debt to income percentage would probably be around 20-30% ish, but am more concerned about ease of acceptance as because I hold down more than one job thats going to be quite difficult to show if they requested it and if they did I think I just wouldn't bother my !!!!!.


But apart from that wanted this thread so it would help others reading too, maybe others can share their experiences?

Barclaycard are very easy if you have a good credit rating. Nothing to sign, nothing to prove, as long as your credit file and application details cut the mustard your card and PIN arrive within the week.

MBNA Group are the opposite - stay away if you don't want hassle.

Who are you transferring balances from?

dylanuk

What I meant by "ease of acceptance" was the hassle or lack of it you that would have to go through to get a card.


ie. Instant application decision with very little hassle, maybe even decision and limit given there and then

VS

waiting weeks on paperwork to come through/waiting ages on them doing checks, extended checks or whatever

There is a list of "instant decision" credit cards here http://www.credit-card-comparison-on.../instant-decision/

I guess the providers who offer "instant decisions" on online applications probably have better systems in place for dealing with speedier applications, e.g. like online signing - so you effectively sign the credit agreement when you apply online and don't have to wait for it all to be sent out in the post to sign manually and then post back.

I think probably all systems depend on your personal circumstances though anyway, as even the instant decision applications can sometimes be referred for manual processing.

unidentified

Problem with this sort of thread is with every rejection story there's a dozen acceptance stories and vice-versa

That's absolutely correct, but still trying to build some background on the companies as much of the other information found by trawling other posts is quite often out of date and doesn't apply anymore since things have changed in the current financial climate.


Currently have a Tesco card so they or RBS are out. Second card is a Virgin 0% deal, which is what I'm trying to transfer. So that puts MBNA out, and Virgin specifically. Had transferred from Egg, so if wanting an Egg have to wait a little while to get that back (closed it about 10ish months ago).


Nationwide, around 3 years ago I received a card from them with relative ease. Cancelled it though, as the limit was only around 1k, but note that on their website it says you cannot take advantage of any 0% deals if you've had some/any in the past (can't remember the wording).


Capital One, was scarred for life with them. Only ever applied once, around 6-7 years ago, but was declined outright. It said something like, "don't fret, our application process is a lot stricter/harsher than all other creditors, so try again in 6 months and you might succeed" to which I said, no "screw you for life". And went and got a card easily with another provider (can't remember who now).

Barclaycard are very easy if you have a good credit rating. Nothing to sign, nothing to prove, as long as your credit file and application details cut the mustard your card and PIN arrive within the week.

I'm really surprised at this, for I always thought Barclaycard where in the same boat with Capital One for being strict. I have considered them, but the fact that they on purpose batch submit all their applications everyday to N Hunter puts me off, especially since it was never supposed to be used in this manner and then another company that I don't want but have no choice over will be holding my data. All Cloak and Dagger stuff.