Been refused Halifax Credit Card - what to do?

mrast

Hello,

I have just been refused my application for a Halifax All in One Credit card.

I will provide as much info as i can:

• I have my current account also with Halifax - their switching team moved me over from Santander in Jan 2012

• Previously my current account was with Santander/Abbey National for 4 years

• I have a mortgage with Santander (£134k) nearly 2 years old (Joint with mrs)

• I have a credit card with Tesco at the mo - 10 months old, balance of £400 on it.

• Never missed a credit payment in my life

• Credit Card history:

2011-2012 Tesco - £3500 limit
2010-2011 Virgin - Settled and closed - £3000 limit
2009-2010 Tesco - settled and closed - £3000 limit
2008-2009 Halifax - settles and closed - £1600 limit

• I also have still open my 2 old current accounts at Santander (4 years) and Barclays (6 years).

• I have no other credit sources (apart from mortgage)

• 1 joint account with Mrs with HBSC for bills only

• Been at current address for 1 year 10 months. Prior to this was at parents for 25 years and 7 month

• Employed in same job in IT sector for last 5 years 6 months earning 22k gross

Experian credit score of 972 and report that says only 1 thing can go against me and thats recently opened credit in last 12 months (my current Tesco CC - nothing i can do about that)

Never been refused any type of credit

I think Halifax just dont like me as when i moved the current account from Santander they said i needed to applt for their complimentary fee free overdraft to cover any direct debits that come out before the balanace has been transfered but they also rejected this and said they can open the account but cannot give me an overdraft.

What can they possibly not like apart from im too good with money and no credit card company in the last 4 years has ever been paid a penny intertest from me as its always paid up wach month!?

Could it be because i have only been with my current bank account for 3 months and there is no such history to check?

Should i apply to another CC company but give them my Santander bank account rather than my current Halifax one?

Shall i apply same day or leave it a few days/weeks?

Really dont know what to do.

Quite angry with Halifax really.

Thankyou for any help.

[Deleted User]

The only things that jump out are a limited credit history (less than a year of using credit cards) and no other evidence of how well you can handle credit (eg previous loans). Give it 6 months and try again, now that your current account is with them.

mrast

Deleted_User wrote: »

The only things that jump out are a limited credit history (less than a year of using credit cards) and no other evidence of how well you can handle credit (eg previous loans). Give it 6 months and try again, now that your current account is with them.

I have had credit cards since 2008.

Im not tied to Halifax, i want a good 0% purchase offer- Do i have to wait 6 months to apply to another lender?

mrast

oh - also brought something on finance in July 2008 using Creation Consumer Finance for £399 interest free for 12 months which was paid on time and settled within the period

Markie11

We're you denied online. I applied online for this card and was declined. Like you I look I knew my credit history was good, if not excellent, so I looked into my credit history. The only thing I could see as a problem was I wasn't in the electoral role for the current property. I spoke to somebody at the Personal lending department to ask why it was declined but the response I got was 'it's been declined by our systems but I can't tell you why. If you wanted to appeal then sent a letter with credit score information'. I then spoke to somebody in branch and they chased it up for me. An hour or so later I got a call back from the person in the branch to say it was going through now. Days later, maybe 7, I received my card.

Maybe it's worth trying this line.

mrast

Markie11 wrote: »

We're you denied online. I applied online for this card and was declined. Like you I look I knew my credit history was good, if not excellent, so I looked into my credit history. The only thing I could see as a problem was I wasn't in the electoral role for the current property. I spoke to somebody at the Personal lending department to ask why it was declined but the response I got was 'it's been declined by our systems but I can't tell you why. If you wanted to appeal then sent a letter with credit score information'. I then spoke to somebody in branch and they chased it up for me. An hour or so later I got a call back from the person in the branch to say it was going through now. Days later, maybe 7, I received my card.

Maybe it's worth trying this line.

I will pop into my local Halifax tomorrow and see if they can help me - i have bank statements, credit card statements, credit reports all ready and printed off ready to send to the appeals team but ill show them in branch first and see it if helps

traynor1987

I somehow got that card with no credit history, guess my score on their system was good.

Road_Hog

mrast wrote: »

What can they possibly not like apart from im too good with money and no credit card company in the last 4 years has ever been paid a penny intertest from me as its always paid up wach month!?

As Martin says in his credit card article, it isn't just risk, it is also profitability. Just because you're good with money doesn't mean that they have to make you a customer. If those other credit cards were all balance transfer and then closed when the free period was up, it will tell them what sort of customer you might be and they may have decided for that reason that they don't want you.

Hazzinho

Are you on the electoral roll? Is you wifes credit good? You will be associated so her credit can affect yours.

giblet10

Do like I do with a decline, send in an appeal with copies of -

- 3 months payslips
- 3 months bank statements (assume they're too lazy to look it up)
- Any investment certificates
- A letter telling them how financially stable you are e.g. the summary you've outlined above

I successfully appealed CoOp Gold card decline and currently awaiting another (Cap One).

If you don't appeal, I think personally it's just a wasted search of your file..

Le_Chuck

mrast wrote: »

I have had credit cards since 2008.

Im not tied to Halifax, i want a good 0% purchase offer- Do i have to wait 6 months to apply to another lender?

They turned me down for the 0% one a while back (wanted to do a bit of stoozing) depite the fact, I'd paid my mortgage off with them early, my barclay card is paid in full every month & at the time had about £20k in savings with Halifax. Guess I just wasn't 'profitable' enough