Declined for Halifax 0% Purchase Card

mkb2014

Bit peeved tbh as I used the eligibility calculator and it came back at 95% acceptance for many cards for me, I have a good income, low outgoings, no defaults, and all green go go go inspector gadget on my monthly scores yet i got declined.
Does this mean you can take the EC with a pinch of salt?
Now this will be on my credit file and I'll have to wait a long time til I can apply again with this being removed...

:mad:

[Deleted User]

It just means you're the 5%.

YorkshireBoy

mkb2014 wrote: »

Now this will be on my credit file and I'll have to wait a long time til I can apply again with this being removed...

:mad:

It's just one credit search! Why wait "a long time" before making another application?


Are you appealing the Halifax decision? Others have reported success with this.


Do you have a financial associate? If so, maybe the eligibility checker doesn't search their file whereas Halifax have?

darkidoe

mkb2014 wrote: »

Bit peeved tbh as I used the eligibility calculator and it came back at 95% acceptance for many cards for me,

What! This is ridiculous. 95% is as good as it gets on the EC i reckon. Did you have a Halifax current account when you applied? Wonder if i should get the Halifax Reward account for a few months before applying?

mkb2014

darkidoe wrote: »

What! This is ridiculous. 95% is as good as it gets on the EC i reckon. Did you have a Halifax current account when you applied? Wonder if i should get the Halifax Reward account for a few months before applying?

That's my point - before I've been quoted 75% - risked it and accepted straight away.
My history is good with all my lenders and I've not been late once and keep them all in check... I just don't want to apply again or with another lender (such as Lloyds for the 0% purchases) for it to be rejected also because of this recent search.. always sends alarms bells to lenders !

Oh well, I might appeal...

Cheers everyone.

stclair

Don't trust that eligibility calculator.

It said I had 0% chance of getting a sainsburys card applied and was accepted with a 2k limit.

The good thing about the Halifax is you can reapply every 28 days.

YorkshireBoy

mkb2014 wrote: »

...for it to be rejected also because of this recent search.. always sends alarms bells to lenders !

Not always! I made 4 successful applications between January and April this year, and I've previously made 4 or 5 in a single day!


Of course if you're borderline in other areas (salary, available credit, indebtedness, financial associate issues, etc) then this could alter things.

darkidoe

mkb2014 wrote: »

That's my point - before I've been quoted 75% - risked it and accepted straight away.
My history is good with all my lenders and I've not been late once and keep them all in check... I just don't want to apply again or with another lender (such as Lloyds for the 0% purchases) for it to be rejected also because of this recent search.. always sends alarms bells to lenders !

Oh well, I might appeal...

Cheers everyone.

Let us know how the appeal goes. You never know. There has been quite a few successful appeals on the forum here.

darkidoe

YorkshireBoy wrote: »

Not always! I made 4 successful applications between January and April this year, and I've previously made 4 or 5 in a single day!


Of course if you're borderline in other areas (salary, available credit, indebtedness, financial associate issues, etc) then this could alter things.

4 successful credit card applications? Wow at least it proves it's possible to apply a couple of time within a short period of time and be successful if your history is decent.