How many cards is it 'safe' to apply for in one go?

smithers1981

hi, i have 2 cards whose 0% ends in next 2 months, i owe on the cards £10,000 approx ive just applied and been accepted for an rbs card 0% for 22 months but limit is just over £5000 and can only transfer £4800 leaving approx £5200 heading towards full interest rate obviously i want to balance transfer this to another card but don't wish to adversely affect my credit rating.

i also wish to apply for a cashback card for everyday use.

My car is also on last legs so a loan for a newer car is also on the horizon

As you can see i have a lot of applications i wish to make just want to see how many its safe to hit at once.

Priority: balance transfer, loan for car, cashback card

thoughts appreciated:o

YorkshireBoy

If you doubted you'd get the full £10K in one go (and you must have with that size of balance?) then you'd have been better applying for 2 one after the other.

As it is, I'd suggest applying for an MBNA card. If successful, in terms of acceptance and limit, then this one card would satisfy both major objectives, being as it offers both BTs and MTs at 0%.

If you already have an MBNA card then we need a re-think!

smithers1981

thanks currently have barclaycard £7500 and halifax £2400 will try mbna to switch the rest

smithers1981

2 cards and 2 meerkats if successful

bigadaj

Forget about the meerkats, start thinking about paying back the ten grand because you probably won't be able to flip it for ever, particularly if you're paying for a new car.

smithers1981

important thing is to get 10k on 0% meerkat just a bonus!

Downsizing my clapped out mondeo very expensive to run and looking to get a citroen c1 very cheap to run, the savings will almost pay for itself

bigadaj

smithers1981 wrote: »

important thing is to get 10k on 0% meerkat just a bonus!

Downsizing my clapped out mondeo very expensive to run and looking to get a citroen c1 very cheap to run, the savings will almost pay for itself

Frequent quote on here, but often not the case, particularly if you only do low mileage, and ignoring the interest on the loan repayments.

izools

YorkshireBoy wrote: »

If you doubted you'd get the full £10K in one go (and you must have with that size of balance?) then you'd have been better applying for 2 one after the other.

As it is, I'd suggest applying for an MBNA card. If successful, in terms of acceptance and limit, then this one card would satisfy both major objectives, being as it offers both BTs and MTs at 0%.

If you already have an MBNA card then we need a re-think!

If you apply for an MBNA card make sure you do it *before* the new card appears on your credit file. I was just declined for an MBNA card for one reason and one reason alone -

I had a new account wit less than six months of repayment history on it.

The application was referred and told me to call a number, which I did, spoke to the underwriter, who said re-apply in a few months time as they won't accept applicants with new accounts (new as in under 6~12 months repayment history)...

I've come across this before - many many years ago (2006?) with MBNA so seems this criteria of theirs hasn't changed

Creation would be a good bet. They accepted me on Tuesday despite the new account and a couple of recent searches.

jakesuk

Does MBNA's aversion to lending to people with new credit accounts also apply to Virgin?

steve1980

jakesuk wrote: »

Does MBNA's aversion to lending to people with new credit accounts also apply to Virgin?

Yes, as it's run by MBNA

chanz4

izools wrote: »

If you apply for an MBNA card make sure you do it *before* the new card appears on your credit file. I was just declined for an MBNA card for one reason and one reason alone -

I had a new account wit less than six months of repayment history on it.

The application was referred and told me to call a number, which I did, spoke to the underwriter, who said re-apply in a few months time as they won't accept applicants with new accounts (new as in under 6~12 months repayment history)...

I've come across this before - many many years ago (2006?) with MBNA so seems this criteria of theirs hasn't changed

Creation would be a good bet. They accepted me on Tuesday despite the new account and a couple of recent searches.

Youve gone back to them then