Credit card refused

kookai_3

I have just be turned down for the Virgin credit card even though my credit rating is excellent and always has been.

I currently have Halifax One card (0% finished next month) and I want to transfer the balance to new 0% before then. I also have Abbey credit card with tiny balance to keep it going.

When I applied online for the Virgin card I made an error on "what is the current balance". My credit limit is £3000 and I put down my balance down as £2996.28 instead of £3.72. I did re-apply with the correct info so does anybody know why I was turned down and can I find out why?

realaledrinker

Best to ring them up. It maybe the MBNA group (which includes the Abbey and Virgin cards) consider £3000 the maximum they are willing to offer you as a credit limit, in which case they would have refused you the Virgin card.

nikkig_3

I wish I had read this last post earlier today! I have just applied on line for an abbey credit card to do a super balance transfer. I have a very good credit rating but was declined a virgin credit card at the end of last year, they said it was to do with my previously having had a mbna card - which I paid off and stopped using because of their charging interest even though I had paid the account in full. Now I see from this Abbey is part of MBna also.

Rooster_Norwich

I've had the same problems. Trouble is, to find out the rate they are going to offer you, you have to go through the whole application to the end, when they then make an offer of of a repayment rate which is not necessarily the TYPICAL rate they offer in the advert.

For example, Virgin offered me a 6.9% TYPICAL rate, but when I applied the eventual rate was 10.3%

I too was rejected for a card, I have paid and got my Credit Rating from Experian and Equifax and both are Excellent.

The proble arises I think becaus of the amount of applications you actually do is also logged as is the number of searches thats been conducted on your rating and this counts against you.

I was told by one company that I had been searched 4 times in the last month, well of course I have, Ive been trying to get the best rate for my balance transfer.

pin

MBNA are becoming pretty strict on how many MBNA cards one person has, basically you can have only one.