Argos Card (not CC) - Yes or No

chanz4

Doesnt capital one say to wait 6 months?

Simon7685

Yes, I didn't realize that until after when I thought about it..... OOPS! More than likely then that the dear John will follow in a few days.

Incidentally Argos emailed today with a decline, they aren't allowed to tell me why they said no:rotfl: but suggest I check with Experian who they used to make their decision. That will be the default kicking in again then.

I know and appreciate that in effect you have to be punished for prior misdemeaners but I do think that when a person has a 5 year old default but no other negative factors and their report shows a steady building of a credit history they could look at things another way.

After all if the default were to drop off say tomorrow, does not ncessarily mean I am any more credit worthy than I am today. Perhaps the system needs another way, just a thought.

scott_lithgows

Simon7685 wrote: »

Yes, I didn't realize that until after when I thought about it..... OOPS! More than likely then that the dear John will follow in a few days.

Incidentally Argos emailed today with a decline, they aren't allowed to tell me why they said no:rotfl: but suggest I check with Experian who they used to make their decision. That will be the default kicking in again then.

I know and appreciate that in effect you have to be punished for prior misdemeaners but I do think that when a person has a 5 year old default but no other negative factors and their report shows a steady building of a credit history they could look at things another way.

After all if the default were to drop off say tomorrow, does not ncessarily mean I am any more credit worthy than I am today. Perhaps the system needs another way, just a thought.

Creation use Equilfax,you may as well give it a shot.

trixie73

i have had an argos card for years and use it quite a lot. you get great interest free deals, and as long as you pay it off before the deal expires, then its an handy card to have

lucasdaddy

hi i work for Argos if they say they will be in touch it doesn't always mean you have been declined we just need to do further checks to give a suitable credit limit although our store cards are brilliant we are increasing credit limits for certain customers from 29.9% to 39.9% in the coming months which we have never done before. So if you fail to pay before the bnpl period it the interest charges could become quite high.

mdw180

I just got an Argos store when replacing a laptop. I was instantly approved and selected the 'Fixed Payment Plan' @ 29.9% APR over 48 months. I'm pathetically nieve when it comes to money and thought nothing of it until it randomly hit me that I'm paying 29.9%!!

I've yet to recieve my card and statement, but my 'welcome' letter boasts that I can call and 'pay early!'

Am I right in assuming that this includes the APR too rather than being interest free?

Does anyone know if Argos let you switch plans and shed this insane interest?



(Sorry if it's rude of me to post this in here. I find I'm either moaned at for starting a similar topic or replying to an existing one with a slightly different question)

stewil18

@MDW180,

they have differing plans which you select at time of purchase and it depends on the value of what you buy.

Plans vary on 3, 6 and 9 months of buy now pay later which are interest free but will hit you hard if you don't clear that plan by the time the plan is up....i've been stung by this so keep an eye on the account!!

newbie12345

Hi just to let the OP know I was instantly approved for an Argos card (purchased a new ipad on 6 months interest free).

I have 3 defaults on my credit file just over 3 years old now with a credit score on Experian of 799 (fair!).

So you can be accepted with defaults on your file..

chanz4

oh yeah, pigs fly

newbie12345

Chanz pigs don't fly! And Argos approve their store cards to people with defaults!! Sorry if that doesn't sit well with your obviously superior knowledge :-)