Making the moce form Sub-Prime seems impossible.

TheVujanic

*Making the move form Sub-Prime seems impossible.

I've had my Capital one Progress MasterCard for a year now, paid off in full each month, had a phone contract for a year, always paid on time, I'm 20, making over 20K a year, and the largest monthly outgoing I have is car insurance at £110.

I've been trying to find a good cashback or reward credit card to apply for. I went on confused.com or some other comparison website who said I had an 8/10 chance of getting accepted for a Santander 123 MasterCard, applied, declined. Few months later, 8/10 chance of getting accepted for the BMI duo Cards, applied, declined.

I bank with Barclays, and Barclaycard only seem to do cards for people with great credit or s**t credit, no inbetween, also their pre-application claims I'm not eligible for any of their cards, not even the Initial.

Have I just spent a year bulding credit for a laugh ? Even Capital One's more attractive credit cards have a no u-21 policy, and I only have a measly £200 limit.

I really want a higher credit limit just for some breathing space, just incase I need it, but no card issuer seems to offer a card for people like me.

Any idea's ? Thanks.

JDC14

I don't trust Barclaycards pre-app check.

It says I have a 70-80% chance of being accepted for their platinum card - won't happen!

I'm 19 and currently have £800 BC Initial and £500 on Cap1 Classic, both the original limits (although BC raised mine to £1200 and I lowered it back to £800.

So either, there's something wrong on your credit report, or the banks love me? But saying that, I've been rejected for Natwest YourPoints World Mastercard (17.9%) in the past 6 months so I don't think I'll be coming off sub-prime any time soon.


Either way - do you even really need it? Just pay it off in full every month for another year and the interest doesn't come into the equation, then try again.

InsideInsurance

First, get your CRA reports to ensure there's nothing wrong on them

Second, what other lines of credit do you have? A contract mobile phone? Given your biggest expense in your car insurance presumably you also still squatting at your parents?

Barclaycard do do their gold card which is for average ratings/ histories so not quite as black and white as you say. I remember the days when Gold was for excellent, platinum was coveted and black truly was almost unheard of