Po credit card application

class2ldn

Hi guys, recently applied for a 0% 27 months spending card but been asked to provide a lot of documentation which I think is a joke. After doing a search I see it's quite common from boi and to be honest I'm not really interested in pursuing it. I think the request to see bank statements is wrong.
Problem is obviously it will have gone on my credit file as a search (I assume) so there's a chance of it damaging a different application.
What's the other best cards available that people would recommend?
Only want one for purchases as ive already done a balance transfer from santander to halifax.
I applied for a sainsburys loan recently and got rejected even though it was a fault on their behalf so I don't think it's worth applying to them.
Many thanks

photome

Why not just do as they ask

the PO CC is worth having if you travel abroad

eskbanker

Probably worth continuing through the list at http://www.moneysavingexpert.com/credit-cards/best-0-credit-cards#longestdeal

Maybe worth trying the eligibility checker too at https://creditcards.moneysavingexpert.com/?purchases and/or check your credit file at http://www.moneysavingexpert.com/loans/check-free-credit-report just to be sure there's nothing untoward there and to see any impact of multiple searches.

KxMx

It's also worth taking note of feedback about PO/BoI as a financial services provider, here and on the wider web.

All banks etc have problems. But you see the same things again and again with them, things which should be basic.

BoI are incompetent. And not only will PO be unable to help, they don't give a **** either.

My advice. Avoid them at all costs.

class2ldn

Yeah I've got that impression from lots of searches which I wish I'd done before, may try halifax as got one with them already and a mortgage. Not the longest one by any means but seem to be ok with customer service so far.
Looking at virgin aswell

class2ldn

I don't understand tge virgin one it says interest free maximum of 50 days if you pay your balance in full each month?
Also to keep the 0% do I need to clear the balance each month so if say I paid for a 1k holiday I'd have to clear it straight away or does it mean I have 24 months to pay it off at 0%?

class2ldn

I'm assuming tge latter but it just doesn't seem very clear on tge website documents

Ebe_Scrooge

class2ldn wrote: »

I don't understand tge virgin one it says interest free maximum of 50 days if you pay your balance in full each month? This is what happens with an "ordinary" card that charges interest - depending upon the date of the transaction, the date the statement is produced, and your payment due date, you can get an "interest free period". If you pay the statement balance in full by the due date then you'll pay no interest, so it's possible to have bought something 5 weeks ago and not have to pay for it immediately.

Also to keep the 0% do I need to clear the balance each month so if say I paid for a 1k holiday I'd have to clear it straight away or does it mean I have 24 months to pay it off at 0%? With a 0% card you must make the minimum payment every month, but you don't have to clear the balance in full every month - although you must clear it ( or transfer to another 0% card ) before the promotional rate expires.

My tuppence-worth above. What can cause some confusion is the terminology. In the strictest sense of the word, a 0% card DOES charge interest - it's just at 0% APR, as opposed to the 13% or whatever that would otherwise be charged. Hence the reference to the "56 days interest free period" or whatever it happens to be with that particular card.


The bottom line, to avoid paying interest : For an "ordinary" interest-bearing card, pay in full every month by the due date. For a 0% card, pay the minimum each month, but have plans in place to pay off the full remaining balance just before the promotional rate expires.

class2ldn

Yeah that's fine just divide the amount of months by the balance etc no problem, I'd always pay more then the minimum anyway to clear it a bit quicker just in case I had to use it for an emergency.
Thanks for clarifying.

class2ldn

Just to add I've just applied to virgin and been approved for the 24 months all rounder with a 6k limit. Not sure I need that much lol good thing is im not really dependant on cards there just handy to have.

GingerBob_3

photome wrote: »

Why not just do as they ask

the PO CC is worth having if you travel abroad

What they ask is completely over the top, unnecessary, time consuming and expensive (cost of certified documents). Don't have any dealings with them. I recently got a card from BoS and the application was easy, with no documents having to be sent.


I think Halifax is also okay for travelling abroad? Other posters will hopefully clarify.