Good credit report but credit card offered with the highest APR

Andystriker

HoneyAndLemon wrote: »

Good for you

Certainly is:)

mickael28

opinions4u wrote: »

Yes. You are a good applicant, but they get better applicants.

They won't know. "Computer said xx%" is the answer. So take it or leave it.

That's what I was suspecting... oh well, I suppose there's nothing that can be done in this case. I'll think about the advantages (or not) with the new conditions... that's not what I was looking for from them really.

mickael28

HoneyAndLemon wrote: »

Out of interest, did you say you already have a Halifax credit card? I take it you must have applied online then? Halifax have a 1 credit card per customer policy now

Hiya, no, maybe I mistyped something before? I don't have any other credit card with them, just a different credit card with a different bank...

So many variables that God knows what they didn't like. It'd be good to be able to find out though, but if it doesn't work that way already I suppose it's not in their interest to spend any time or money to provide such an info.

opinions4u

I suppose it's not in their interest to spend any time or money to provide such an info.

Absolutely not. It would tell people how to cheat their credit scoring systems.

jon1965

Interesting, because when I have talked to banks etc , all the decisions are blamed on the computer system. Or are you an A.I.

meer53 wrote: »

I assess customers for credit cards. Whether we will make money or not is NEVER taken into account in my decision. It's based on affordability and their existing levels of debt against their income.

mickael28

Just called today trying to clarify and that was the answer.... the computer said that rate so there's nothing we can do and no way to find out why :S

meer53

jon1965 wrote: »

Interesting, because when I have talked to banks etc , all the decisions are blamed on the computer system. Or are you an A.I.

Where i work, some lending is automatically offered by the system, i assess the borderline cases and speak to the customers to make a decision. How much money we will make if we do agree never comes into my decisions. It doesn't matter whether the customer decides to pay the minimum or full balance each month, it's their choice. If banks were only interested in how much they would make, they wouldn't offer full repayment facilities.