applying for a new credit card for transfer

moneymrsmatters

I have several credit cards and I use them to move my balances around to use 0% offers to manage my debt.
I require a new one now, ideally one with a long 0% term but I'm finding I'm not being accepted when I apply. Any ideas why I can't get one? Can you have more than one card with one company? I pay minimum amount on time with a DD. SHould I close some down?

grumbler

Generally, you can have more than one card with a company, but I am pretty sure not all companies allow this.

It's pretty obvious that the more cards you have, the more difficult it is to get a new one as your available credit gets bigger and bigger - unlike your income.

Also, minimum payments are now reported to CRAs and can be negatively seen by companies scoring you.

MSE article: Credit Scores


Generally, you can't rely on "moving your balances around" forever, and you have to think about repaying debt.

[Deleted User]

We need a lot more info -

total balances
total limits
income
credit history

Fruit_and_Nut_Case

As has been said, you can have more than one card per company. However, you will generally not be permitted to transfer a balance from one to another directly. You could possibly transfer via a third card but of course that would introduce an extra fee.

House.buyer.sarah

I have just got two cards with Santander one has a balance transfer on it 0% for 17 months . The other has 0% for purchases for 18 months I applied for both if these at same time