Halifax Credit Card

Funkygibbon

I have a Vanquis Card at the moment with a credit limit of £2500 and a Capital One card with a credit limit of £1000 both of these are paid of fully each month. (I only got the Capital One card two months ago)

I have noticed today when I log into my Halifax account that they are offering a credit card with an approval guaranteed before 6th August. Obviously with the credit cards I have got you can see that my credit history is not perfect. My question is if I applied for the Halifax Credit Card what would my credit file look like with 3 credit cards on there?

Are the any pro's or con's for getting the Halifax Credit Card? Would a Halifax Card look better than a Vanquis Card?

Thanks in advance everyone!!

izools

Certainly do go for it!

It will help your credit file, as long as the total limits on all of your cards added up together are under about a third of your annual income. Any more and lenders won't like how much credit you have available to you.

Lenders can't see the company name of the account like you can, so if for example Egg did a credit check on you, they wouldn't see "Vanquis account, £2,500 limit, £100 balance, opened 01/01/2008" They'd just see "Credit Card, £2,500 limit, etc". So on that front it makes no difference.

I would personally close the Vanquis card however. A big credit limit especially for a card that carries such a bonkers interest rate. If you're being offered a Halifax card, then the Vanquis card has certainly served it's purpose.

Let us know how you get on

Funkygibbon

I've just tried to apply and I've got to wait for an answer in 10 days so maybe it isn't guaranteed!

fozmcfc

Do let us know how you get on, good or bad, could be useful info for people in the same/similar situation to you.

Good Luck!!

Bosie

Funkygibbon wrote: »

I've just tried to apply and I've got to wait for an answer in 10 days so maybe it isn't guaranteed!

Hi, I'm new having a Halifax account and I get that card offer come up, but it isn't pre-approved. You still have to apply so a credit check etc will be done.
I'm seeing after 6 month's if I get any pre-approved offers, although not sure if Halifax does them?

Anyone had approved offers with Halifax?

Funkygibbon

[FONT=Arial, Helvetica]This is what I get when I log in.[/FONT]
[FONT=Arial, Helvetica][/FONT]
[FONT=Arial, Helvetica]An exclusive credit card offer. A little extra help for our existing customers.

[/FONT][FONT=Arial, Helvetica]At Halifax we like to look after our existing customers, and right now we’d like to say thanks with an exclusive credit card offer and there's more, we guarantee to approve your application if you apply before 6th August 2010. Apply today and receive an extended interest free period on credit card purchases. This means that just for being a valued customer you can take advantage of:[/FONT]

• [FONT=Arial, Helvetica]0% for the first 12 months on purchases[/FONT]

[FONT=Arial, Helvetica]and[/FONT]

• [FONT=Arial, Helvetica]0% for 9 months on balance transfers made in the first 90 days (plus 3% fee).[/FONT]

[FONT=Arial, Helvetica]Thereafter a rate of [FONT=Arial, Helvetica][SIZE=+0]15.9% APR[/SIZE] typical variable will apply.[/FONT][/FONT]



[FONT=Arial, Helvetica]That’s a bonus on top of our current online offer, and a little extra help from Halifax. In addition of course you get all the standard benefits that you would expect from a credit card:[/FONT]

• [FONT=Arial, Helvetica]Manage your credit card online along with your other accounts[/FONT]
• [FONT=Arial, Helvetica]Protection against fraud when shopping online[/FONT]
• [FONT=Arial, Helvetica]No annual fee.[/FONT]

[FONT=Arial, Helvetica]To benefit from the 0% rate, you must stay within your credit limit and make your monthly payments on time. Balances transferred from other Halifax or Bank of Scotland cards are not eligible for the 0% offer.[/FONT]
[FONT=Arial, Helvetica]Your APR explained[/FONT]
[FONT=Arial, Helvetica]As we treat all our customers and their applications on an individual basis, the APR and interest rates we offer are determined by the details customers supply, along with an independent verification of credit and repayment history. For 9 months you will get 0% on balance transfers made in the first 90 days (a fee of 3% applies for each balance transfer). You will also get 0% for the first 12 months on purchases. Your personal APR for purchases will be either 15.9% APR (variable), 19.9% APR (variable) or 21.9% APR (variable). Your interest rate for balance transfers will be the same as for purchases. Two thirds of customers are offered our best rate of typical [FONT=Arial, Helvetica]15.9% APR[/FONT] (variable).[/FONT]
Credit available subject to status to UK residents aged 18 or over. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered office: The Mound, Edinburgh, EH1 1YZ. Authorised and Regulated by the Financial Services Authority.

Curt.

Bosie wrote:

Hi, I'm new having a Halifax account and I get that card offer come up, but it isn't pre-approved. You still have to apply so a credit check etc will be done.
I'm seeing after 6 month's if I get any pre-approved offers, although not sure if Halifax does them?

Anyone had approved offers with Halifax?

Yeah they are "pre-approved" at times but usually you have to sign the form they send you and then they do the checks.

Curt.

Funkygibbon wrote: »

[FONT=Arial, Helvetica], we guarantee to approve your application if you apply before 6th August 2010. Apply today and receive an extended interest free period on credit card purchases. [/FONT]

Have you made a recent application within the last 90 days preceeding the 6th of August? They will use the credit check they did on you for that, with this current card application.

Funkygibbon

Yeah I made an application on 30/04/2010 and was turned down.

Curt.

They may well be using that information, but as it was turned down you didnt have to sign anything and return it did you? This time they will send it to you and ask for the return to do the final check.

Funkygibbon

No it was declined online so I didn't get the card or have to return/sign anything.