Applied for new 0% card, was Refused

marilynp

I applied for a new 0% rate card, after taking the pre check test here, which said there was a 9/10 chance of me getting it, but I was truned down for the card, so I am a little annoyed that this site had said I would be eligible.:mad:

enfield_freddy

no , 9 out of 10 people in your situation would be accepted , not 10 out of 10

marilynp

Hi

Although I am retired with a pension income, I also do some self employed work and some part time occassional work. I put that I was self employed, do you think that this is why I was refused?

Nasqueron

marilynp wrote: »

Hi

Although I am retired with a pension income, I also do some self employed work and some part time occassional work. I put that I was self employed, do you think that this is why I was refused?

No-one knows why you were rejected except the bank. The MSE test says 90% chance, still means 10% chance of rejection - check your reports with the credit agencies - register on noddle for free and get the £2 report from Experian and Equifax.

Also worth checking you are on the electoral roll and confirming if you have any other debts or credit - it's possible you simply have too much credit available to you (e.g. multiple credit cards, active overdraft etc) and the bank doesn't want to take a risk.

Could just be you don't fit their profile.

Try ONE other card application to another 0% AFTER you have checked at least Noddle and confirmed you are on the electoral register. After that leave it 6 months before trying again.

MABLE

marilynp wrote: »

Hi

Although I am retired with a pension income, I also do some self employed work and some part time occassional work. I put that I was self employed, do you think that this is why I was refused?

You should have put retired.

marilynp

MABLE wrote: »

You should have put retired.

Thanks Mable, but I think I have put retired before somewhere and was told putting Housewife or something was better, a bit like on Insurance quotes.

Thrugelmir

marilynp wrote: »

I applied for a new 0% rate card, after taking the pre check test here, which said there was a 9/10 chance of me getting it, but I was truned down for the card, so I am a little annoyed that this site had said I would be eligible.:mad:

Do you owe money on other cards or loans?

thebritishbloke

Usually when you apply for credit, they want you to have been self employed for at least 1-2 years and some will even ask you to prove your income. You'd be better off putting retired, as they know you should at least have a pension income.