Barclaycard Initial accapted

lewis92

hi guys ,

i recently applied for a few different credit cards but most of them were declined , including my own bank (lloyds) .
I applied for a capital one secured card was boviously accepted and paid my deposit ( still not recieved the card yet) .

Now 2 days ago i was camparing cards and ''thought what the hell'' and applied for a barclaycard inital card , i know credit card applications can lower your credit score for a couple of months but because i have applied for a couple the past few weeks i decided 1 more wouldn't hurt.

I recieved a letter yesterday saying i have been accepeted, can honestly say i'm really shocked ...

do you think the secured card may have increased my credit score? i've not even recieved it yet.

lewis92

Do you guys have any idea on what type of credit limit the Initial has ?

i'm only 19 and have no debts etc..

BugsyBrowne

lewis92 wrote: »

Do you guys have any idea on what type of credit limit the Initial has ?

i'm only 19 and have no debts etc..

£200-500 I would say more then likely.

Don't think you having the secured credit card helped you as it haven't fell through your letter box yet.

MoneySaverLog

Depends on how they scored your application form, and what you put down. Everything would have been scored.

MrShazzyMan

BugsyBrowne wrote: »

£200-500 I would say more then likely.

Don't think you having the secured credit card helped you as it haven't fell through your letter box yet.

I used to have a vanquis for one month but I really wanted a initial one like you have one so I got accepted as it is my main bank and I got £800 but then again I did say I am earning £11,000 when I'm not and I have to put a minimum of at least £10,00 a year on the form to qualify for it.

MoneySaverLog

MrShazzyMan wrote: »

I used to have a vanquis for one month but I really wanted a initial one like you have one so I got accepted as it is my main bank and I got £800 but then again I did say I am earning £11,000 when I'm not and I have to put a minimum of at least £10,00 a year on the form to qualify for it.

I would not advocate fraud, but just to warn you they do track application fraud through National Hunter which could result in a CIFAS marker.

BugsyBrowne

MrShazzyMan wrote: »

I used to have a vanquis for one month but I really wanted a initial one like you have one so I got accepted as it is my main bank and I got £800 but then again I did say I am earning £11,000 when I'm not and I have to put a minimum of at least £10,00 a year on the form to qualify for it.

I don't have a BC Initial I have the BC platinum I was mearly pointing out the average on what previous posters got on their initial.

lewis92

well that's really weird because i know for a fact i put less than 10K on the form.

i did have to give them my sort code etc so maybe they decided to give me one .... ?

guesswho2000

lewis92 wrote: »

Do you guys have any idea on what type of credit limit the Initial has ?

i'm only 19 and have no debts etc..

I got one of these when I was 19, starting limit was £850, APR was 25.9%.

I still have it, limit is £4,810, APR 18.9%. All automatic credit limit increases, so it'll probably start low and increase over the years (I've held the card for seven years and only use it for promo balance transfers now).