We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Applying for Balance Transfer?

Hi

Just a few days ago I applied for an Aqua Credit Card. Now I have a Vanquis which I applied in 2011 and an Aqua, couple of days ago.

I applied via the experian credit matcher since my credit history score is around 319 out of 999.

If I were to use the same tool for a balance transfer card and apply for one, am I more likely to get it? since only a couple of days ago I applied for a credit card which left a mark on my credit history even though I got approved for it.

Experian also tells you the chance of you getting approved for one. I had a 95% chance of getting approved for an Aqua credit card.

Thanks

Comments

  • Candyapple
    Candyapple Posts: 3,384 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The reason you were likely approved for the Aqua card is because you have a poor credit history. Aqua and Vanquis are subprime cards.

    Your credit score is meaningless and no lender sees it, only you.

    The only subprime card that accepts balance transfers that I know of is Capital One and they have an eligibility checker on their website before you apply.

    http://www.capitalone.co.uk/creditcards/balance-lpo.jsf

    Experian Credit Matcher is a marketing gimmick, the same as their credit ‘score’. Their ‘service’ doesn’t take into account your salary amongst many other criteria so take their recommended products and your eligibility success with a massive dose of salt.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.