Can't find good cashback card?

chippy_250

Are there any cashback cards available that fit into this criteria?

1. Don't need min come of £20k
2. No annual fee
3. Don't need to set up a current a/c with the card

jonesMUFCforever

Have you read the sticky at the top of this board?

How short are you from £20k? Have you remembered to add any interest on savings accounts , dividends etc.

[Deleted User]

How about the Virgin Charity card? And keep the 0.8% cashback for yourself.

chippy_250

jonesMUFCforever wrote: »

Have you read the sticky at the top of this board?

How short are you from £20k? Have you remembered to add any interest on savings accounts , dividends etc.

Well only bout £4k short. But if your allowed to count savings as well then im over that. How would the company know how much your on and how much savings you have anyway?

YorkshireBoy

chippy_250 wrote: »

Well only bout £4k short. But if your allowed to count savings as well then im over that.

You can count the income, ie interest earned from the savings, not the savings themselves...but only if the application form asks for 'income' and not 'salary'.

How would the company know how much your on and how much savings you have anyway?

They compare the income, job title, employer, etc you give them with the same details you gave to your last lenders via a Fraud Prevention Agency such as N Hunter.

They don't know how much savings, or savings interest, you have unless you tell them (in an appeal letter if you're declined or are assigned a low credit limit).

System

chippy_250 wrote: »

Well only bout £4k short. But if your allowed to count savings as well then im over that. How would the company know how much your on and how much savings you have anyway?

It's interest on savings, not savings themselves

by the way, I know you said no cards with annual fees, but the Amex Platinum cashback has a fee of £25 and you can get £20 cashback when approved using quidco so it works out at £5/mo

Also, this has a household income of £20k (parents, partners, etc..) not personal income - I think you will actually find a lot of them have "household" income which shouldn't be a problem unless you're living on your own?

chippy_250

LooieENG wrote: »

It's interest on savings, not savings themselves

by the way, I know you said no cards with annual fees, but the Amex Platinum cashback has a fee of £25 and you can get £20 cashback when approved using quidco so it works out at £5/mo

Also, this has a household income of £20k (parents, partners, etc..) not personal income - I think you will actually find a lot of them have "household" income which shouldn't be a problem unless you're living on your own?

But how do they know how much everyone earns? They aren't allowed to contact our employers are they?

System

chippy_250 wrote: »

But how do they know how much everyone earns? They aren't allowed to contact our employers are they?

As far as I'm aware...they don't

I mean they may request a previous pay slip or something when you apply, but you could just cancel the application I think. I'm sure if you have a good credit report and lie about a few extra grand, they won't check

I wouldn't advise it though, as I don't know what can happen if they did find out

YorkshireBoy

LooieENG wrote: »

this has a household income of £20k (parents, partners, etc..) not personal income - I think you will actually find a lot of them have "household" income which shouldn't be a problem unless you're living on your own?

You'd be very foolish to add parents' income when, for example, Amex clearly state (on the pre-application page)...

I have an Annual Household Income of £20,000 (ie. your personal income plus partner's income.)

Gromitt

chippy_250 wrote: »

But how do they know how much everyone earns? They aren't allowed to contact our employers are they?

Sure they are, for identity protection reasons. Ie, they may well ring up your employer to ensure you actually work there. They did with me. I know because I got forwarded the call from our main desk (they wanted to ensure I was the person who applied, for example).

If you have applied for credit before and put in different details to what you intend to put on this application (including salary), then expect an instant refusal and possible fraud marker, unless you can prove otherwise.

I'm currently using an AA credit card, but its not too good if you don't already have an AA membership (you'll only get 50% of the rewards).