Credit Card if your unemployed?

MrSilk

viv0147 wrote: »

She could also get a pre-paid credit card you can use it exactly as any other credit card but you can only spend what you have put on the card

Pre-paid Cards don't report to CRA's, unless you opt for the card that provides you with a small 'Loan' of the charges to operate the card over 12 months, however it would show as a loan and not a credit card.

forgotmyname

viv0147 wrote: »

She could also get a pre-paid credit card you can use it exactly as any other credit card but you can only spend what you have put on the card

They said pre paid cards are not credit cards.

The £20 figure is just one i made up, She has no intention of using it. Fingers burnt previously now sorted etc.

I presume it will need to be used to keep the account open. But couldnt find anything on here about them.

I guess she can try the capital one deposit, Or Vanquis.
No defaults or CCJ's, Just 2 or 3 months of late payments. Which are near to 6 years ago.

Thanks.

pipk62

The idea that you can't get a credit card whilst unemployed is often wrong, some people can with some companies.
Slight digression, but I had a conversation with Nationwide recently concerning my Flexaccount;
I have the basic account but as I've been with them for 10 years, have never been overdrawn; in fact have money left over at the end of each month, and now have a fair credit rating I can't even get my account upgraded to a 'normal' account (with or without agreed overdraft facility).
The usual spiel about credit rating came out so I asked why a friend who was unemployed (for 2 years) had just got a normal account with £200 overdraft, the failsafe "we can't talk about other accounts" was the reply.
(BTW, I know about her new account because I helped her fill in the paperwork to get it, it was honest to the point of bluntness - it was kind of a test to prove things aren't exactly as they say and her Experian rating is Poor)

Truth is I have often been openly critical of Nationwide (and other Banks and 'Building Societies') and can only assume this is the reason.

My advice is to try and get a credit card, but always be honest (it doesn't matter) the only criteria is not to try too many times, twice every 4 months might be best, also get your Experian report and clean that up if you need too, and don't bad mouth banks

UsetheFORCE

pipk62 wrote: »

The idea that you can't get a credit card whilst unemployed is often wrong, some people can with some companies.
Slight digression, but I had a conversation with Nationwide recently concerning my Flexaccount;
I have the basic account but as I've been with them for 10 years, have never been overdrawn; in fact have money left over at the end of each month, and now have a fair credit rating I can't even get my account upgraded to a 'normal' account (with or without agreed overdraft facility).
The usual spiel about credit rating came out so I asked why a friend who was unemployed (for 2 years) had just got a normal account with £200 overdraft, the failsafe "we can't talk about other accounts" was the reply.
(BTW, I know about her new account because I helped her fill in the paperwork to get it, it was honest to the point of bluntness - it was kind of a test to prove things aren't exactly as they say and her Experian rating is Poor)

Truth is I have often been openly critical of Nationwide (and other Banks and 'Building Societies') and can only assume this is the reason.

My advice is to try and get a credit card, but always be honest (it doesn't matter) the only criteria is not to try too many times, twice every 4 months might be best, also get your Experian report and clean that up if you need too, and don't bad mouth banks

I have a Capital One Secured Card from February this year with a £200 limit, the deposit is also £200.

The card acts EXACTLY like a regular card with Capital One, including all the charges plus FULL reporting to all 3 Credit Reference Agencies.

After 6 months, I applied for their progress card and was accepted albeit with only a £200 limit but it is a start.

Get yourself a Secured card.

Kms

i think it depends who you apply with, my wife doesn't work, we applied for the Aqua card, in her name, purely to take advantage of the cashback and free use abroad, i pay it in full every month.

when we applied we put 0 in the income part, and nothing was said, got the card and a £250 limit, not much i know but we only use it for fuel and shopping.

forgotmyname

Quick update.

Paying a fee to get a card is a no.

Having a secured card is a maybe, But not with capital one. Seems she had to make a complaint when they were unreasonable about her situation.
£200 -£250 deposit for a card is acceptable as long as the full amount is refundable.

Any other companies who do this?

As i said it must be a proper credit card. Limit etc doesnt matter. Its only for show.

Thanks for the info.

iAMaLONDONER

James_Lahey wrote: »

£31.31 cashback if applying for a vanquis card-

http://www.topcashback.co.uk/vanquis_credit_card/

It's 40 quid now