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Barclaycard initial

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Hi all, new to the forum and my question relates to the above card. I've gone through the soft check service they offer for this card and cam back saying I had an 70/80 per cent chance of being succesful, so I applied and it came back saying I would get a decision in 5 days. Can anyone tell me what the chances are of me being successful? I don't care howsmall a limit they gave me as I am just using it to build up my credit which currently sits at "fair" with experience.
Thanks
Thanks
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You can have a good credit rating, but still be declined.
Your acceptance rate depends on whether you have credit already and you are running this credit with payments made on time etc, or whether you have defaults or CCJ's on your credit file in which case, it's highly unlikely you'll be accepted by any credit card lender.
But as you describe you have a fair credit file history, I would say the criteria to become succesful on getting a Barclaycard Initial would be whether you've made any other applications for credit in the last 3 months? If so, how many? If you have made too many, then your chances are lowered significantly.
If your clear of defaults etc, and you have mantained your payments on other agreements too date, and you have not applied for more than say 2 or 3 different types of credit, then I'd say you have a very good chance of getting your card.
Bare in mind the Initial card is a high APR rate, and my advice to you would be if in theory your limit is £250, then I would not go beyond £200. Treat the limit as £200. This way you'll always be in credit, and not over your limit, and of course make your regular monthly payments on time.
I hope this helps.
Best of luck.
Rang to close it, they said they could try and increase the limit, or open a "Freedom" account with 21.9% APR.
I decided to close it anyway, might be worth a try at a later date.
Pixypup
Hopefully Barclaycard will give you a chance though, good luck!
Bearing in mind you want to possibly obtain a mortgage, I'd would of opted for a more established credit card like say MBNA, ok you'd end up with a bigger credit limit, but if you treat all credit with care, and pay regular, it really does bode well with your rating.
Don't apply for credit once your granted the initial for at least 6 months to a year. You'll gain a fantastic credit reputation on that basis.