Applying for second card....

Viz_2

Hello, just after a bit of advice before applying.

I have a Sainsburys 0% on purchases card with 5 months left to run. It only has a £6k limit and about £500 left to spend.

My wife has just got a new job so we will need a second car before January, looking to spend about £5k.
I don't have the funds so looking to get another 0% card for purchases. I already phoned Sainsburys to ask for an increase in my limit but they wouldn't as I haven't had the account long enough.

Which cards should I look to apply to first ? I'm not sure who Sainsburys card is run by.

Thanks

[Deleted User]

Really depends on your salary, credit rating etc as to whether you'll get another card, what sort of limit and what sort of offer, if any.

Sainsbury's is run by HBOS, so they're probably out as they've refused you an increase.

Viz_2

I would say salary is good, credit rating good.
Never missed any payments, have mortgage, and completed previous loans early.

fin170703

I've just balance transfered to a Virgin card thats offering BT's at 0% and spengin at 0% for spending for a limited period

[Deleted User]

Well, assuming you earn 30k or more, and no other card debt, you should be able to get something else. Have a search for 0% cards not run by HBOS. But be aware you may not get the £5k limit you need. Limits can be quite low, though MBNA can be generous.

Also, you will need to pay the 2.5% typical card charge for buying the car.

Viz_2

Thanks fin, but not looking to BT. My previous card 6 months ago was Virgin, I think it has to be 1 year passed before applying again.

BugsyBrowne

Viz wrote: »

Hello, just after a bit of advice before applying.

I have a Sainsburys 0% on purchases card with 5 months left to run. It only has a £6k limit and about £500 left to spend.

My wife has just got a new job so we will need a second car before January, looking to spend about £5k.
I don't have the funds so looking to get another 0% card for purchases. I already phoned Sainsburys to ask for an increase in my limit but they wouldn't as I haven't had the account long enough.

Which cards should I look to apply to first ? I'm not sure who Sainsburys card is run by.

Thanks

Am i right in thinking that your credit limit is 6k and you have a balance of 5.5k?

Viz_2

I was just looking at the Tesco or Barclaycard, 13 and 12 month 0%.
Are either of those HBOS ?

Viz_2

Yes Star-fire

[Deleted User]

Tesco and Barclaycard aren't HBOS.

BugsyBrowne

Viz wrote: »

Yes Star-fire

Well its up to you if you want to risk applying for another card,if you do apply the lender might see you as in financial difficulty spending 5.5k of a 6k limit,I don't know this for certain but defiantly a possibility.