earning 23k and asda wont give me a credit card!

F_Bear

the other half wants to get a asda credit card to buy the food and petrol with as there new promotion is 1% cash back.

shes 23, a masters graduate earning 23k and living at my address (me earning 30k).

shes checked her expedia file and the only thing she has on it is a mobile fone contract since 2007. and her student loan comes straight out her wages via bacs.

when she rang them the women said as she didnt have a credit history they wont give her one??

now i understand the need for prudent borrowing but this seems daft. any ideas apart from me getting one and her an additional card :mad: lol

backinbusiness

expedia lol

BugsyBrowne

F_Bear wrote: »

the other half wants to get a asda credit card to buy the food and petrol with as there new promotion is 1% cash back.

shes 23, a masters graduate earning 23k and living at my address (me earning 30k).

shes checked her expedia file and the only thing she has on it is a mobile fone contract since 2007. and her student loan comes straight out her wages via bacs.

when she rang them the women said as she didnt have a credit history they wont give her one??

now i understand the need for prudent borrowing but this seems daft. any ideas apart from me getting one and her an additional card :mad: lol

How does the credit card company know she will pay it back with no history in managing a credit card.

F_Bear

How does the credit card company know she will pay it back with no history in managing a credit card.

so how do you get the history if no one will give you a card? id agree a low limit, £500, would be a start.

its daft you have to get unnessacary credit while your younger so you can get credit when you need it.

shes been punished for not needing credit while shes younger and managing her finances well.

BugsyBrowne

F_Bear wrote: »

so how do you get the history if no one will give you a card? id agree a low limit, £500, would be a start.

its daft you have to get unnessacary credit while your younger so you can get credit when you need it.

shes been punished for not needing credit while shes younger and managing her finances well.

She will have to go down the sub-prime route like a vanquis card which is about 50% apr as she won't get any 0% offers.

Or her own bank who knows her history.

Petlamb

She could look at the sub-prime option, with a view to stringently using it to *only* improve her credit rating - i.e. buy usual item(s) with it, pay off each month?

The phone contract will have helped with her credit file a bit anyway, which is positive - I presume she hasn't missed any payments on that?

F_Bear

The phone contract will have helped with her credit file a bit anyway, which is positive - I presume she hasn't missed any payments on that?

never missed any payments.

Or her own bank who knows her history

thats the first thing i thought off..........untill we remembered she switched to halifax in january and closed her old account she'd had for 10years! i said leave it open but she said why, i dont need it anymore. to honest for her own good!

moshoodo1

@F_Bear, let her apply for Granite card or capital one to start with, after good management, she can then try 0% card.

@backinbusiness, no cause for alarm :rotfl:, you just need to correct him.

Experian and not Expedia

opinions4u

Is she registered to vote at the address provided?

chris-j

Get the aqua with 3% cashback.

blitzboy

chris-j wrote: »

Get the aqua with 3% cashback.

This. :money:


It is a sub-prime card so targeted at the right market for what you want, but the cashback offer is so good that people mainstream cards are still applying for this one.