How many credit cards is too much?

YorkshireBoy

adindas wrote: »

Does Barclay allow people to apply the second creditcard, any opinion and especially persona; experience will be very much appreciated ...

No opinion, or personal experience, necessary?...Your question appears to be answered on the Barclaycard website...

Please note it’s not possible to apply for a new Barclaycard if you already have a credit card provided by us, including one of our partner cards


https://letmechoose.barclaycard.co.uk/?source=productpages

adindas

YorkshireBoy wrote: »

No opinion, or personal experience, necessary?...Your question appears to be answered on the Barclaycard website...

Thanks but I wonder why MSE checker is showing 95% of acceptance ??
I thought MSE checker has checked all of the personal info such as whether you already have a CC with Barclay or not, what other CC you have, etc such as what credit check on CRA do ??

Regarding Barclaycard, they keep offering me rubbish e.g 0% interest on BT with 1.99% fee for just one year. I am planning to close it in the near future ...

How long do I need to wait before I will qualify for a new deal ??

Chrysalis

because that checker doesnt know if you have already have a barclaycard.

adindas

Chrysalis wrote: »

because that checker doesnt know if you have already have a barclaycard.

In the CRA report the list all of the creditcards and the card issuers. So I assume that they check did check this ...

Also it still does not apply, why the same person
- Some with 95%
- Some with 50% and
- Some with 0%

If this tool is so inaccurate what is the point to use it ??

YorkshireBoy

adindas wrote: »

In the CRA report the list all of the creditcards and the card issuers. So I assume that they check did check this

Always dangerous to "assume"!


The lenders' names on your CRA report are only visible to yourself and the CRA. Lenders only see searches they have made of your CRA file.


Therefore 'HD Decisions' (or whoever the MSE eligibility checker use) will not see who you have existing cards with.

adindas

But it still does not explain why the same person and credit history
- Some with 95% probability
- Some with 50% and
- Some with 0%

How does it work...

YorkshireBoy wrote: »

Always dangerous to "assume"!


The lenders' names on your CRA report are only visible to yourself and the CRA. Lenders only see searches they have made of your CRA file.


Therefore 'HD Decisions' (or whoever the MSE eligibility checker use) will not see who you have existing cards with.

Chrysalis

I got the card today, and do have the full interest free period.

But I cannot see any confirmation anywhere on the 0% purchases.

No t&c came with the card, so I will need to contact them to verify.

adindas

Chrysalis wrote: »

I got the card today, and do have the full interest free period.

But I cannot see any confirmation anywhere on the 0% purchases.

No t&c came with the card, so I will need to contact them to verify.

As a general rule. NEVER, EVER, mix 0% on BT card with 0% on purchase CC (e.g by spending), unless the duration of interest free period of BT and Purchase is the same which not many credit card offer that.

Chrysalis

yes i wont be spending on the card, I only decided yesterday to transfer a balance to it, when I applied it was an experiment so wasnt sure if and how I would use the card which is why I got both.

But part of this is now to confirm if I did get both offers on the card.

planteria

at one stage i had 24 cards.. got down to 4.. now have 7.
i don't think any number is 'too much' as a rule, it all depends on circumstance, and the individual's attitude, competence and time available.
managing the debt and benefits, and potentially the stoozepot, are what matters.