My earnings are low which credit card?

ol1v33r

Hi,

I am applying for a new credit card.

My Credit score is good 521 (Only 1 late payment ever)

But, my earnings are only £10000/year
I will be paying off in full every month.

I was looking at (links within MSE site)

Capital One Extra (90% eligibility, Low Credit Amount)

Could I realistically get a higher credit limit than what is offered on this card with another card?

Santander 123 (20% eligibility)

I am a longtime customer of Santander with good payment history over the last few years. Could this sway my chances enough to take the risk of being rejected?

Amazon.co.uk (You are more likely ... you are also employed earning over £15,000 a year)

Would my good credit score and history help enough to get me over this and how would it likely affect my credit limit?

Are the best buys really always the best cards to go for?

Is it always best to choose the card that has the highest reward for your spending habits?

Are there any other things to look out for apart from rewards/cashback/freebies?

DaveTheMus

Don't get a credit card...just save up if you want anything...I'd imagine that you are debt free just now......for a lot of people on this forum that's a position they can only dream about.......

If you're hell bent on getting a card......Capital One were my first card....credit score wasn't great....initial limit for me was £200, £400 after 3 months.

Alarae

With a low income I doubt you would get accepted for the Santander 123, simply because I think they are a bit pickier with their cards (Read many posts of rejections from long standing customers).

The Cap 1 would be a good place to start, it's suitable for average credit scorers but still gives you cashback at 0.5%, which matches other prime cards like the Nationwide Select. Just keep using it every month and pay off in full (don't even have to make large purchases, just something each month would do) and when you are earning a bit more you may be able to apply for the better cashback cards.

I started off with the Capital One Classic Extra, and after 10 months of good use I got accepted for the Amex Platinum Cashback Card, so just focus on getting a good rating now and then you can apply for better later on.

Tixy

ol1v33r wrote: »

Are there any other things to look out for apart from rewards/cashback/freebies?

Are you intending to always repay the balance in full each statement?

ol1v33r wrote: »

Would my good credit score and history help enough to get me over this and how would it likely affect my credit limit?

I'd imagine any limit will be more affected by your low salary than your good credit history.