New CC for Wife who nows works P/T

dugma1975

My wife has a CC and the interest free period has expired.

She was in full time employment when she applied for the car but now only works P/T with a substantial drop in salary.

We now want to apply for an alternative card and transfer the balance to a new car so as to utilise other interest free purchases and transfers.

Do you guys think she will be accepted on the basis that she no longer earns the same salary she used to or is it irrelevant?

thanks for help in advance

InsideInsurance

dugma1975 wrote: »

Do you guys think she will be accepted on the basis that she no longer earns the same salary she used to or is it irrelevant?

The fact it has dropped in itself is irrelevant but they will assess the affordability of her current and proposed debt based on her current income, and possibly household income with a couple of providers.

If they dont feel she can service both the existing lines of credit plus the proposed based on her existing income they will decline.

dugma1975

InsideInsurance wrote: »

The fact it has dropped in itself is irrelevant but they will assess the affordability of her current and proposed debt based on her current income, and possibly household income with a couple of providers.

If they dont feel she can service both the existing lines of credit plus the proposed based on her existing income they will decline.

Thanks for your input which was very helpful

Fruit_and_Nut_Case

If the OP is financially more secure, he might want to consider applying for a new card and transferring his wife's balance to that.