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Excellent score, Low income

SPARKYCC81
SPARKYCC81 Posts: 1 Newbie
in Credit cards
Hi folks!

Can anyone advise me how to get a credit card? According to Experian I have an excellent credit score but my income is fairly low at roughly £14k. I've applied for 2 cards so far and been refused. I'm reluctant to keep applying in case it effects my credit score but can anyone provide advice about where to go for a card?

Thanks in advance :)

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yet another proof of how worthless CRA's 'scores' are.
    £14 is a reasonable salary for a CC. Is it your first credit card? What other history do you have?
  • forgotmyname
    forgotmyname Posts: 33,061 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    2 rejections in a short space of time wont look good on your next application.

    Only you and the agency you paid will see that made up number. Lenders do not see it and dont use the same system to rate you. Its a useless number.

    Are you on the electoral roll? How long have you been working? Do you have an overdraft? Do you save each month?
    Censorship Reigns Supreme in Troll City...

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    forgotmyname wrote: »
    ... Do you save each month?
    How is this relevant for a CC application?
  • forgotmyname
    forgotmyname Posts: 33,061 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Affordability?
    Censorship Reigns Supreme in Troll City...

  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    grumbler wrote: »
    How is this relevant for a CC application?
    Some card issuers will take into account a savings relationship with them when credit scoring a card application.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    forgotmyname wrote: »
    Affordability?
    - only if you apply to the bank you have these savings with, and only if they check.

    E.g.: Worldwide travel card stumped, help!!!!
  • Cycrow
    Cycrow Posts: 2,639 Forumite
    forgotmyname wrote: »
    Affordability?

    Unless you are applying at the same bank you have savings, they wont know about any savings you have.

    savings will help with mortgages, but not so much with unsecured credit
  • symphonies
    symphonies Posts: 88 Forumite
    £14'000 isn't so bad. I was accepted for a Barclaycard Platinum a couple of years back when I was working part time and earning around £5'000. I suppose it depends on the lender.

    I was also able to get my hands on a Halifax credit card while earning around £8'000 a year later. So I don't think it's your income amount that's the issue unless you're trying to apply for something like an AmEx?
This discussion has been closed.
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