Sygma cards - how easy to get?

tigerlily43

Hi all

Just wanted to know how easy these were to get - its been a while getting to an even keel financially although I'm not there yet - does anyone out there know?

I've one default from 2008 for £300 which won't fall off for another 4 years - nothing else

thanks
tigerlily

alfred64

tigerlily43 wrote: »

Hi all

Just wanted to know how easy these were to get

I've one default from 2008 for £300 which won't fall off for another 4 years - nothing else

They're not too hard to get - although with a default on the register you will be unlikely to qualify. - They're not that easy.

BugsyBrowne

tigerlily43 wrote: »

Hi all

Just wanted to know how easy these were to get - its been a while getting to an even keel financially although I'm not there yet - does anyone out there know?

I've one default from 2008 for £300 which won't fall off for another 4 years - nothing else

thanks
tigerlily

People do say there are only 2 types of criteria when it comes to cards,like sub-prime cards and prime cards and don't care what anyone says sygma are in between sub-prime and prime but more towards sub-prime.

They are very easy to get compared to prime cards,they will accept people for there cards who have no chance in getting a big (mainstream card)

Most prime cards like to give people with good credit reports around the 3k-5k limits on there cards,where as sygma its anything from £750
2k there normal limits,in other words sub-prime limits.

Remember their rates are variable so you could end up with a high 25% apr

I would also point out the creation card they do is different criteria and the best card they do,but have to earn 20k a year and if your credit report ain't to bad can't see that being to hard to get either.

brians_daughter

They wouldnt accept me witha 5y 7 month old default for £43 from the water board when i moved house, nothing else changed in my report apart from the dafault dropping off and they accepted me about 3 months ago. However, others on here have had success with defaults on their file. If everything else is in order then apply and see

Bosie

tigerlily43 wrote: »

Hi all

Just wanted to know how easy these were to get - its been a while getting to an even keel financially although I'm not there yet - does anyone out there know?

I've one default from 2008 for £300 which won't fall off for another 4 years - nothing else

thanks
tigerlily

Well on their application page it does say not to have any defaults? I got a Silver card with them and with clean credit history.
Also, they were known to dish out ''Cifa's (fraud marker on cra files)
But give them a whirl, they also search Equifax.

sutton111

star-fire wrote: »

People do say there are only 2 types of criteria when it comes to cards,like sub-prime cards and prime cards and don't care what anyone says sygma are in between sub-prime and prime but more towards sub-prime.

They are very easy to get compared to prime cards,they will accept people for there cards who have no chance in getting a big (mainstream card)

Most prime cards like to give people with good credit reports around the 3k-5k limits on there cards,where as sygma its anything from £750
2k there normal limits,in other words sub-prime limits.

Remember their rates are variable so you could end up with a high 25% apr

I would also point out the creation card they do is different criteria and the best card they do,but have to earn 20k a year and if your credit report ain't to bad can't see that being to hard to get either.

It's simple, they're a prime lender. They're not a Sub-Prime lender at all!

BugsyBrowne

sutton111 wrote: »

It's simple, they're a prime lender. They're not a Sub-Prime lender at all!

You can say what you want mate,what prime cards give out 25% apr's with a £750 credit limit.

I mean come on sutton what prime cards do you know that give people with defaults on their credit report a card.

What about the other month when someone came on a thread and said they have just been accepted for a sygma card with a blo0dy £250 credit limit,with 24.9% apr i don't know about you mate but to me that is seriously more towards sub-prime than prime.

Prime my ar*e

sutton111

star-fire wrote: »

You can say what you want mate,what prime cards give out 25% apr's with a £750 credit limit.

I mean come on sutton what prime cards do you know that give people with defaults on their credit report a card.

What about the other month when someone came on a thread and said they have just been accepted for a sygma card with a blo0dy £250 credit limit,with 24.9% apr i don't know about you mate but to me that is seriously more towards sub-prime than prime.

Prime my ar*e

Well as for your first oint I agree, not many issue Credit Cards with Defaults.

loads Star-fire, I know MBNA (Prime) HSBC (Prime) and there are many more who issue that APR. I even read that Egg have increased there APR.

On the other hand which Sub-Prime lender issues APR that low, none!! Vanquis, 34.9% APR same with Aqua and Capital one, they're over 10% lower, they're a prime card issuer.

BugsyBrowne

sutton111 wrote: »

Well as for your first oint I agree, not many issue Credit Cards with Defaults.

loads Star-fire, I know MBNA (Prime) HSBC (Prime) and there are many more who issue that APR. I even read that Egg have increased there APR.

On the other hand which Sub-Prime lender issues APR that low, none!! Vanquis, 34.9% APR same with Aqua and Capital one, they're over 10% lower, they're a prime card issuer.

Agreed mbna and hsbc are known for weird apr's.

When you say on the other hand what sub-prime lender issues APR that low,this was my point sygma giving out 25% APR is in-between sub-and prime.

Yes we all know sygma are down as a prime lender but with sub-prime APR's and sub-prime limits.

notmyrealusername

On the Sygma Silver mastercard FAQ's it says:

Finally, you need to have a clean credit history, ie, no arrears, defaults, County Court Judgements (CCJs), bankruptcies or Individual Voluntary Agreements (IVAs).

I have a completed IVA, started 2006 finished 2009 by way of full & final, and numerous settled defaults from 2006. On the positive side I have an O2 contract and a full current account with 'perfect' history (never overdrawn) since 2006, Argos card and Vanquis card from Feb 10 (2k limit) that have been run perfectly.

As I didn't 'need' the credit and was applying purely to try and improve my credit rating for a future mortgage I chanced applying (the credit search and possible rejection on my file wouldn't have affected me) and was accepted immediately online, the card came through and the APR is 18.9% with a 2k limit so very happy with that!

tigerlily43

Well, I tried and got declined, I looked into the creation card as advised but that is a very low 16.9% APR so isn't a subprime, oh well back to the drawing board

tigerlily