Credit Card application affect future mortgages?

remorseless

I had the stupid idea to apply for a barclay credit card the other day after doing the safe search and being told I had excellent chances of getting it.

Will this unsuccessful application affect my ability to potential apply for a mortgage in the future? (I am not planning for it right now, just to know)

I don't have any adverse credit history, just not long credit history and only had a credit card in the UK for 3 months (always paid in full every month)

I think the barclay application was unsuccessful cause it was my second application for credit card in less than 6 month

Thanks!

Amara

So, you don't know yet was it successful or not? Maybe you'll get a letter with card in it . If you have no intention to apply for mortgage right now, don't worry, it won't affect your chances, but don't do it at least six months before application.

remorseless

the credit card application was unsuccessful!

So should I wait 6 months before even considering a mortgage?

Would I really be turned on from a mortgage because of an unsuccessful credit card application but the rest of my credit file is fine?

kingstreet

There is no easy way to answer this.

If your credit score with that particular mortgage lender on that particular day is strong enough to reach the pass mark, you'll pass.

If it isn't, you won't.

No-one can know if your case would have passed without this additional search as you would have had to apply for a mortgage the day before you did it to find out.

If you have a short residence history in the UK, that may mean you have few lenders open to you, so criteria might be far more relevant than a speculative credit search some months earlier.

Teqpro

Your at a good start so have a plan, i would say give it a year... pay your card in full every month and don't apply for any credit. In the meantime keep saving or try to get a big deposit together as it will help. Then this time next year check your credit rating.