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credit score too good
Comments
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No such a thing as credit score too good for credit.
Most credit card companies prefer when mostly payment is received on time and in full, less risk.
Most people some time will pay bit less or over 3-6 months to clear the balance. The card companies like these type of customers rather than one paying minimum all times, more risk of non payment.
The credit file do not show how many cards you have at 0%, only how much credit you have and if you are paying on time or not, if you have missed any payments.
If your credit score was too good, you would be able to get cards with higher credit limit.
In your case either you have too many cards, try to apply for many cards in a short period of time, your credit file have some kind of red marking, you have loans etc. nothing to do with credit score too good.0 -
Most of the charge applied by the merchant acquirer is passed on to the card issuer. The acquirer only gets to keep a sliver of it. He's not the one providing the capital or taking the credit risk.The retailers merchant account bank (usually streamline) charge roughly that per transaction (depending on industy/transaction value/turnaround/etc), but never heard of the card issuer getting a percentage
A 2%+ commission just for automated transaction processing would be the proverbial licence to print money."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Cashback cards are aimed at the well-heeled and debt-free. They don't expect to get any interest or late fees. They just encourage you to put as much spending as possible on the card. They collect the transaction fees (typically higher than for other cards) and the cashback comes out of that.hello, i think my card tarting days are over as i've been refused a virgin and natwest so i checked my credit score with equifax and my score may be too good so they've spotted me as non profitable. what are my options now. has anyone had any joy with the martin lewis credit card search?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Whilst they don't show the actual percentage, these days most (in my experience) will show a "promotional rate indicator" when it's applicable.thegoodman wrote: »The credit file do not show how many cards you have at 0%
It's fair (for a lender when searching) to assume that the bulk of these will be 0% or some other low rate well below the industry average circa 18.9% APR.0
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