Credit building card - declined Aqua

CLAPTON

if you are a student then simply apply to the bank with which you have a student bank a/c;
they expect you to use your OD and they usually are happy to provide a CC albeit a relatively small limit.

guesswho2000

the-mango wrote: »

I know, this whole rating thing is baffling. To be honest my relative lack of credit history and the fact that my overdrafts are like that is the reason I applied to Aqua but, as per the thread title, I was declined. That's the reason why I am hesitant to do anymore about my rating currently, I mean what could be so bad that Aqua declined me. I have checked my credit report files thing and nothing out of the ordinary on there.

I'd imagine the things holding you back are: lack of history (I know, when trying to build a history, lack of history being an issue is the ultimate conundrum!), low income, outstanding debt (apparent debt, of course).

In order to build some history you could try applying to a lower sub prime card, such as Capital One's Classic card or (dare I say it) Vanquis, from what I've read Barclaycard Initial and Aqua are the harder of the sub prime to get.

For what it's worth, don't worry about it too much, I've been in the same position, and in fact I held Vanquis, Aqua, Capital One Classic, Monument (now defunct), and Barclaycard Inital in my early years in order to build history and it worked, but getting my first acceptance was the stumbling block, persistance is the key!

TheGenerus1

guesswho2000 wrote: »

For what it's worth, don't worry about it too much, I've been in the same position, and in fact I held Vanquis, Aqua, Capital One Classic, Monument (now defunct), and Barclaycard Inital in my early years in order to build history and it worked, but getting my first acceptance was the stumbling block, persistance is the key!

I have a Monument account still active.

lea_t88

Apply for a Student Credit card with the bank your student account is with. More lenient on you having maxed overdrafts and a part-time income. I got a Natwest one when I was a student, only had a £500 limit but was great for my credit records.

[Deleted User]

YorkshireBoy wrote: »

And by that they mean spouse/civil partner...not parents, siblings, children, lodgers, etc.

Not be the widely accepted definition of 'household income'. Otherwise they would say 'Spouse or partner income'?

YorkshireBoy

[quote=[Deleted User];54531231]Not be the widely accepted definition of 'household income'. Otherwise they would say 'Spouse or partner income'?[/QUOTE]They do qualify what they mean by "household income", usually in the application form itself. For example, Amex say...

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

M&S say...

Please ensure you include all household income including your partner's if applicable

Up until a couple of years ago my household income was over £150K, but excluding children it was a good bit less than this. I'd never dream of entering my kids' income on a credit card application, and would strongly advise anyone else against it.

the-mango

Just to say there is hope for a credit noob like me! Went to Santander today and as they don't have a specific student credit card I had to apply for their normal credit card, fine, accepted with no credit check and they didn't even ask about my income, limit of £3000 which I won't need month to month but that's useful if I need the credit card protection for any big purchases.
(And I don't have to unmax my overdrafts so I can still earn money on them )
Thanks for all the advice