MBNA Credit Card Application

evaneil

hi everybody,
I applied for MBNA credit card, after the application I received a message that I need to call a 0800 number to discuss my application, if they don't receive my call within 10 days, they will make a decision based on the information I've submitted in the application.

I What does this mean ? Is it a referral ? As I'm aware a referral means that an underwriter will have a look at my application, but why are they asking me to call ?

thank you

InsideInsurance

One way to find out?

MBNA always just send me for a referral and then decline so havent had this. The most obvious thing would be that they found a discrepency in what you've told them and what they've found in National Hunter or there is something that could be negative unless there are extenuating circumstances.

chanz4

if you don't it will be declined

mrpsmith

I had that years ago. I called and they asked why I wanted another card so I told them it was to transfer a balance and they immediately said ok that's fine and approved there and then with an £8500 limit

GingerBob_3

InsideInsurance wrote: »

One way to find out?

MBNA always just send me for a referral and then decline so havent had this. The most obvious thing would be that they found a discrepency in what you've told them and what they've found in National Hunter or there is something that could be negative unless there are extenuating circumstances.

Owned by Experian.

InsideInsurance

GingerBob wrote: »

Owned by Experian.

So???

Actually, I dont believe it is owned by them but simply operated by them as they also operate a number of insurance databases on behalf of other institutions

GingerBob_3

InsideInsurance wrote: »

So???

Actually, I dont believe it is owned by them but simply operated by them as they also operate a number of insurance databases on behalf of other institutions

Operated by Experian Analytics, and owned by a subsidiary of Experian.

So???? Just so that people are aware of the extent of the Experian operation. Nothing wrong with that, is there?

evaneil

hi everybody,
just a quick update, I phoned them as requested, the operator said he will have a look and get back to me, he kept me for a minute then asked me about the other credit cards I have, then left me for another minute to come back and tell me that I'm approved for £4.5 limit, 8.9% APR as quoted in the pre eligibility check.

mrpsmith

Told ya

InsideInsurance

GingerBob wrote: »

Operated by Experian Analytics, and owned by a subsidiary of Experian.

So???? Just so that people are aware of the extent of the Experian operation. Nothing wrong with that, is there?

Nothing wrong with it, just seems a very odd factoid to randomly throw out there that adds nothing to the debate in hand.

Its a company limited by guarantee and so doesnt have shareholders. Its members, the banks, experian etc are its members and so are the closest to owners that it has. See http://www.theguardian.com/money/2008/nov/15/national-hunter-credit-agency that confirms the banks are its owners

GingerBob_3

InsideInsurance wrote: »

Nothing wrong with it, just seems a very odd factoid to randomly throw out there that adds nothing to the debate in hand.

Its a company limited by guarantee and so doesnt have shareholders. Its members, the banks, experian etc are its members and so are the closest to owners that it has. See http://www.theguardian.com/money/2008/nov/15/national-hunter-credit-agency that confirms the banks are its owners

Just to pick up on this National Hunter thing; I wonder, do the CC companies and banks consider it to be a credit reference agency? I don't recall ever giving permission on a CC application (of which I've done many) for my personal data to be transferred to National Hunter. Maybe it's there but I've never seen it.