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Balance Transfer Rejection
Beautiful-Moose
Posts: 182 Forumite
I just applied to do a balance transfer from Natwest of £2434.35 to a Virgin Money Credit Card account and got rejected.
I do have a Barclaycard with a £7000 balance on it but a credit limit of £10,000.
I don't get why I have been rejected? I have recently switched banks and only been with them for 2 months would that have anything to do with it?
I am transfering because Natwest sent me a letter saying they were going to up my APR on my card to 24% from 20%!!
Any help would be great as I feel a bit scared about my situation. I don't know what I can do and just want to cry.
I do have a Barclaycard with a £7000 balance on it but a credit limit of £10,000.
I don't get why I have been rejected? I have recently switched banks and only been with them for 2 months would that have anything to do with it?
I am transfering because Natwest sent me a letter saying they were going to up my APR on my card to 24% from 20%!!
Any help would be great as I feel a bit scared about my situation. I don't know what I can do and just want to cry.
0
Comments
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You can reject the rate hike from Natwest, you just won't be able to borrow any more on that card.What will your verse be?
R.I.P Robin Williams.0
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