nationwide soft search

simax

kelr101 wrote: »

I've been quoted £3,500 limit at 15.9%.....what do you think my chances are of acceptance?

(note I only want a card for emergencies / work travel so would lower the limit to £1,000 or £1,500)

You'll be an instant accept with that quote.

kelr101

Thanks simax and AMG762

No I don't bank with Nationwide, although I have had a loan with them in the past (fully paid and no issues).

I suspect I just meet their internal criteria at the moment - we all know banks have their own

kperry1034

Now been offered £2500 at 19.9%

izools

APR still on the high side but might be OK given the limit. Up to you if you want to take the risk

Out of interest if you run through the soft search on Nationwide's website for a £7,500 loan over five years, what does it come out at for the APR?

simax

FYI: If a loan quote comes up as 24.4%APR, that's a straight decline.

kperry1034

izools wrote: »

APR still on the high side but might be OK given the limit. Up to you if you want to take the risk

Out of interest if you run through the soft search on Nationwide's website for a £7,500 loan over five years, what does it come out at for the APR?

came up as 20.4%

guesswho2000

kperry1034 wrote: »

came up as 20.4%

Can't speak for the loan quote, but re the APR on the CC, I got quoted 19.9% with a £2k limit and was accepted.

Highest APR they dole out, but I couldn't care less about the APR personally since it's 0% for 12 months on purchases (and won't carry a balance afterwards! ) and it's a brilliant card for all round use in the UK with cashback and no forex charges abroad.

EDIT: sorry I didn't read that properly, you were talking Nationwide CC, I was referring to the Select, but I expect the same principle applies re the soft search.

izools

kperry1034 wrote: »

came up as 20.4%

Not great.

I'd say there's a fair chance you'd be declined for the credit card