Advice needed in how to avoid being rejected for possibly being too good a customer

[Deleted User]

Can't say for sure about CRAs.

But it can mess you up internally with the lender. However, they will have the ability to distinguish between home and abroad transactions. All I can DEFINTELY tell you is that with some lenders, a lot of cash taken out domestically is seen as a bad sign.

But I'm not sure that's going to be a problem in your case.

torrenter

izools wrote: »

Your credit file will reflect the fact that you've used the card to make cash withdrawals. It will note how many, and totalling how much, for each month you use the card for cash.

If you make a habbit of using the card for multiple withdrawals each month for years on end this may put certain lenders off, it may attract others, it depends on their target customer profile.

I would highly doubt that using the card for cash withdrawals abroad for a holiday or such for one or two months would have a long term effect, especially if the repayments are a high percentage of the statement balance each month.

Don't worry.

I'm still keen to see what they offer you

Hello again Izools. Don't know if you read it there but I got accepted, provisionally. £2100 limit at 17.9%. Disappointed that I didn't get it at 12.9%, thankful I didn't get it at 21.9%. Better card than what I already had. Just have to wait for the forms. Fingers crossed it all goes well.

I think having two Current accounts at just over a year old, may have not been enough to show low risk to Halifax. I told them 3 years at address to match Experian report, even though my previous address is a house my parents still own. The house I grew up in.

I also told them I was fully employed, three years in job.

At the same time I can't help but think that the rate is linked to one's CRA score. A tiered rate card and as I had a "good" and not "excellent" score, I got the "middle" rate and not the "best" rate.
The other down side to this is that I doubt CC companies ever reduce your interest rate.

speedbird1973

torrenter wrote: »

At the same time I can't help but think that the rate is linked to one's CRA score. A tiered rate card and as I had a "good" and not "excellent" score, I got the "middle" rate and not the "best" rate.
The other down side to this is that I doubt CC companies ever reduce your interest rate.

When you pay for a score Experian will use a model to produce a score for you. When Halifax score you, they will use a model too. The difference is how important, unimportant different variables in that model are. You will probably find that most mainstream cards model in a similar way. Not identical, but not that dissimilar. Experian's will also be similar, albeit NOT the same. I don't think it's the complete waste everyone thinks it is. It's guided you correctly after all!

17.9% is a good rate if you plan to withdraw cash. My Santander card is 27.9%.

torrenter

speedbird1973 wrote: »

When you pay for a score Experian will use a model to produce a score for you. When Halifax score you, they will use a model too. The difference is how important, unimportant different variables in that model are. You will probably find that most mainstream cards model in a similar way. Not identical, but not that dissimilar. Experian's will also be similar, albeit NOT the same. I don't think it's the complete waste everyone thinks it is. It's guided you correctly after all!

17.9% is a good rate if you plan to withdraw cash. My Santander card is 27.9%.

Yeah, I saw that about Santander's. Is the Zero card then? That's why I steered away from it. Was looking for a cheaper way to withdraw abroad than using my Nationwide card. Apart from that it's still better than my HSBC card in every way.