Spacing out applications..

jarvster

I currently have approx £4.5k on credit cards at the moment which has built up in a period where I wasn't earning much money.

About £3.3k was on HSBC and the other £1.2k was on Egg (0% ran out a few months ago). In my tarting attempt last year I tried to transfer a sum from Virgin onto a Capital One credit card but got rejected so I transferred the £1.2k back on to a dormant Egg card using the anniversary offer.

I just qualfied and now my wages have doubled so I feel that I am in a position to sort out my finances and clear this debt very quickly.

I applied for a Morgan Stanley card hoping to move the lot onto it and was accepted but was only given £1.5k limit. Obviuosly I am keen to move the rest of the debt (maybe even to M&S at 4.9%) but how long should I leave after one successful application before making another?

P.S My Egg anniversary is in Nov so Ill consider that nearer the time.

Any help would be greatly appreciated.

Cheers!

mrbigd

I think it really depends on what your credit history is like.

I hadn't applied for anything for 6 months, then applied for 3 Credit Cards all within 2 weeks, and was approved for all 3.

Applied for 2 of those the day after each other and was given £3.5K and £7.5K respectively.