Nationwide Soft-Search

carol1963_2

Hi MSER's, Can some kind soul advise if I do apply for a Nationwide credit card I can do a balance transfer from Barclaycard? Many Thanks, Carol

Cell

I had a problem with Barclaycard, and posted about it a week or so ago. My query didn't get answered, but the BT steadfastly refused to go through.

Nationwide said it should, though.

http://forums.moneysavingexpert.com/showpost.php?p=56600121&postcount=308

twiglet98

I have two 'current' credit cards - a Barclaycard I've held for nearly 40 years, and a Santander CC which I got with a 0% BT offer when I opened their current account a couple of years ago. The 0% has now expired. I had an Egg card, now taken over by Barclaycard, the account is closed as I rejected Egg's proposed rate increase and I'm paying the balance with fixed monthly payments. As its statement shows the credit limit is nil and account closed, though a £3.5k balance is still being paid off, should it still be listed as one of my 'existing cards' if I attempt a soft search?

I've had a Nationwide FlexAccount for many years but have never had their credit card. I wonder if visiting the branch is likely to have a different outcome from an online application. I assume the branch would know if a soft search has been done?

RichL74

I dont personally see a problem here? You've not defaulted on it have you or is that £3.5k a payment arrangement to pay off a debt with a debt collection agency?

twiglet98

Thanks Rich, no, never defaulted on any card, and I am not involved with any debt collection agencies. I just wasn't sure if the balance on the closed Egg account should be listed as one of my cards, when it is not 'available credit'. It is obviously not a loan, nor an overdraft, and I don't know how best to explain this on the soft search.

simax

It's still a balance, so would show up as the limit being the balance.

RichL74

Agreed yeah a balance, but it doesn't mean he shouldn't apply? The soft search will ask if you have any other credit cards, so I would put it in here. I dont know if it then asks for a balance because when I applied I didn't have any other cards so I just put 'no'

rartherinv

soft quote £500 @ 15.9%, thought must be a winner as didn't get the dreaded 19.9% quote.
few seconds later full footprint and REJECTED... grrr!

Thank you for applying for a Nationwide Credit Card. We are sorry but, after carefully considering your application, we are unable to offer you a credit facility. We have received information from our credit reference agency, Experian, which has adversely affected your application. Under the terms of our agreement with Experian, we are unable to disclose this information directly to you. We ask you to accept that we rely on the accuracy of the information supplied to us and that, unless there is some significant error in their data, our decision is final.

We fully understand that being declined can be upsetting; but we ask you to appreciate that we must reserve the right to refuse applications.

RichL74

And you checked your credit file with Experian before you applied?

blitzboy

carol1963 wrote: »

Hi MSER's, Can some kind soul advise if I do apply for a Nationwide credit card I can do a balance transfer from Barclaycard? Many Thanks, Carol

Yes you can