Credit cards no problems current account HHmmmm

daymouse

Right i was just wondering why i have no problems getting credit cards but have never been able to change my current account from natwest. Ive got a natwest graduate account that is about a grand over drawn all interest free of course, when i tried to change current accounts the balance was up and down all the time all the drinking and all the student loan going in!!! so i tried couple of times and got declined!!!

Anyway different story with credit cards!!! Ive got an amazon but that will be closed soon end of interest free and ive just been accepted for egg money and capital one!!! and had a couple of different ones in the past.

So does anyone know why i can get credit cards no problem but cant change current accounts?

Thanks

M_Thomson

daymouse wrote:

Right i was just wondering why i have no problems getting credit cards but have never been able to change my current account from natwest. Ive got a natwest graduate account that is about a grand over drawn all interest free of course, when i tried to change current accounts the balance was up and down all the time all the drinking and all the student loan going in!!! so i tried couple of times and got declined!!!

Anyway different story with credit cards!!! Ive got an amazon but that will be closed soon end of interest free and ive just been accepted for egg money and capital one!!! and had a couple of different ones in the past.

So does anyone know why i can get credit cards no problem but cant change current accounts?

Thanks

Does your balance regularly go above Zero? Do you fund this account with your salary? Do you go over your overdraft ever?

daymouse

Yeah its always below zero it just under a £1000 over drawn then i get my salary which clears it i then spend that leaving a little in to clear it and so on. Dont worry its all interest free!!!!

Anwen_2

I should think that would be why you can't get another account, then, I don't think they like constant overdrawn-ness...

anniecave

daymouse wrote:

Yeah its always below zero it just under a £1000 over drawn then i get my salary which clears it i then spend that leaving a little in to clear it and so on. Dont worry its all interest free!!!!

If you've got enough interest free overdraft to avoid paying interest or charges, I'd stick where you are until you can be overdraft free. Like the poster above said, if you're in your overdraft all the time, it doesn't look good. Work on the overdraft, then when you're sorted with that, you'll probably find you'll be able to change banks no problem.

markmc999

Why are you wanting to move when your OD is interest free?

Most banks will charge you for being over drawn. Stick where you are until it is cleared and then look at moving.