BarclayCard Question..

Late_To_Bed

Hi.

I'm new to the forum so be gentle with me please!

I have a couple of big purchases coming up in the next month so I decided to take advantage of the 0% interest offer available on some Credit Cards.

I first applied to M&S. After a couple of weeks of waiting, hearing nothing and time running out before I had to make my purchases I decided to apply for another card.

I chose Barclaycard. After going through the application process I was disappointed not to be offered the 12 month interest free period but only 3 months.

Oh well, I accepted the offer and awaited my card.

As sods laws dictates, I recieved a letter in the post the very next day from M&S saying my application for a card was successful!

I don't really need the Barclaycard now..

So onto my questions:

1. If I now change my mind and withdraw from having a Barclaycard will it affect my Credit Rating?

2. If I phone Barclaycard and say I no longer want an account (The card has arrived already) becuase I didn't get the year interest free, is there a chance they will change their offer?

Thanks in advance for any help!

LTB

shiny76

Late_To_Bed wrote: »

Hi.

I'm new to the forum so be gentle with me please!

I have a couple of big purchases coming up in the next month so I decided to take advantage of the 0% interest offer available on some Credit Cards.

I first applied to M&S. After a couple of weeks of waiting, hearing nothing and time running out before I had to make my purchases I decided to apply for another card.

I chose Barclaycard. After going through the application process I was disappointed not to be offered the 12 month interest free period but only 3 months.

Oh well, I accepted the offer and awaited my card.

As sods laws dictates, I recieved a letter in the post the very next day from M&S saying my application for a card was successful!

I don't really need the Barclaycard now..

So onto my questions:

1. If I now change my mind and withdraw from having a Barclaycard will it affect my Credit Rating?

2. If I phone Barclaycard and say I no longer want an account (The card has arrived already) becuase I didn't get the year interest free, is there a chance they will change their offer?

Thanks in advance for any help!

LTB

No harm in trying. Just don't spend what you can't afford to pay off after the 0% period!

bengalknights

1) Your account will show as settled on the report and that you used to have a barclaycard.The net effect will be that your report will show you are now less exposed to debt.
2) Give it a try although barclaycard are playing hard to get at the moment so may just call your bluff.