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Frequency and number of applications
andybee1
Posts: 9 Forumite
in Credit cards
Hi,
I have been 'shuffling' card for a number of years now and recently got my first ever rejection this month... from capital one. A month earlier I applied for a M&S life of balance and only got a £2000 limit , which leaves me with about £4000 on an egg card. I am a bit concerned about applying for another card. Wondered if anyone could suggest how long I should wait before applying for another card and also which cards, they don't have to be 0% but certainly less than 10% apr
Cheers
andybee
I have been 'shuffling' card for a number of years now and recently got my first ever rejection this month... from capital one. A month earlier I applied for a M&S life of balance and only got a £2000 limit , which leaves me with about £4000 on an egg card. I am a bit concerned about applying for another card. Wondered if anyone could suggest how long I should wait before applying for another card and also which cards, they don't have to be 0% but certainly less than 10% apr
Cheers
andybee
0
Comments
-
Hi andybee,
Have you remembered to close down all your unused credit cards? If not, that would be the most likely cause of your rejection. Close them down and then wait 2 months and start re-applying.
ClarimanAuthor of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0 -
cheers , I'll give that a go0
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