Applying for multiple cards

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  • adouas
    adouas Posts: 12 Forumite
    Combo Breaker First Post First Anniversary
    Hey guys just a quick one; is it better to apply for multiple cards during the weekend or during the week?

    Would love to hear your thoughts on this, I am thinking ahead of what to do before my 0% rates expire next year and want to transfer the balances on 2 cards ideally into one card, but want a back up as well just in case the credit limit isn't high enough and I need more than one.
  • Neither. Apply when you need to.
  • SuzieSue
    SuzieSue Posts: 4,096 Forumite
    First Anniversary First Post Name Dropper I've been Money Tipped!
    I applied for around 6 cards one after the other on a weekday and got all of them (but his was around 5 years ago before all the extra checks they do) but obviously I don't know what would have happened if I had applied on a weekend.
  • adouas
    adouas Posts: 12 Forumite
    Combo Breaker First Post First Anniversary
    What 'checks' do they do now anyway? And I was wondering when do the credit reporting agencies find out you applied for a credit card with a hard check?
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    edited 10 November 2019 at 10:31PM
    swindiff wrote: »
    Just though I would post my experience on creating a stooze pot. I have applied for 8 cards this weekend, outcome as follows.

    Clydesdale Bank 0% on purchases for 26 months. Application approved, limit unknown until I receive my card.

    MBNA 40 Months 0% balance transfer, transfer fee 2.55%. Application approved, credit limit £10,000

    Barclaycard 20 Months 0% balance transfer, no transfer fee. Application approved, credit limit £8,200

    Bank of Scotland 39 months 0% balance transfer, transfer fee 2.95%. Application approved, credit limit £8,000

    Halifax 39 months 0% balance transfer, transfer fee 2.48%. Application approved, credit limit £1,600

    Tesco 40 months 0% balance transfer, transfer fee 2.69%. Application approved, credit limit unknown until I receive my card.

    Virgin 40 months 0% balance transfer, transfer fee 2.49%. Awaiting to see if application is approved.

    AA 22 months 0% balance transfer, no transfer fee. Awaiting to see if application is approved.

    Existing cards that I already hold are:

    Halifax Clarity, Balance £0, credit limit was £8450, I asked for it to be increased to £12,000 and they incresed it to £10,450

    Virgin Card at 0% credit limit £7,000, balance £1,500

    Lloyds Card at 0% credit limit £10,800, balance £4,000

    You have applied for 1 purchases card and 7 balance transfer cards.
    The total available credit on the balance transfer cards is £27,800 over the 5 cards that have been approved/you have been given a credit limit for.
    The total of your outstanding balances is £5,500.
    So WHAT DO YOU NEED ALL THESE BALANCE TRANSFER CARDS FOR AS YOU HAVE NO BALANCES TO TRANSFER OTHER THAN THE £5,500. These cards will be useless to you for the stated purpose of stoozing. You really have been wasting your time have'nt you.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    adouas wrote: »
    What 'checks' do they do now anyway? And I was wondering when do the credit reporting agencies find out you applied for a credit card with a hard check?
    When the hard search is made which will be during the application process.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    adouas wrote: »
    Hey guys just a quick one; is it better to apply for multiple cards during the weekend or during the week?

    Would love to hear your thoughts on this, I am thinking ahead of what to do before my 0% rates expire next year and want to transfer the balances on 2 cards ideally into one card, but want a back up as well just in case the credit limit isn't high enough and I need more than one.
    When next year exactly? Most lenders require the balance transfer to be done within a short period of time after the account is opened.
  • adouas
    adouas Posts: 12 Forumite
    Combo Breaker First Post First Anniversary
    I will do this towards the end of 2021 but won't apply for a balance transfer before then anyway, just making sure I am fresh with the system and how it works.
  • adouas
    adouas Posts: 12 Forumite
    Combo Breaker First Post First Anniversary
    Yes, but is it instant?

    So lets say I apply for a Barclaycard then 10 minutes later apply for a Santander card. Will Santander see the hard check for credit from Barclaycard within 10 mins?
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    edited 10 November 2019 at 10:19PM
    adouas wrote: »
    Yes, but is it instant?

    So lets say I apply for a Barclaycard then 10 minutes later apply for a Santander card. Will Santander see the hard check for credit from Barclaycard within 10 mins?
    If they search the same CRA then yes
    But why do you want to apply for multiple cards? At least see what credit limit you get first!
    And please don't take the original post in this thread seriously .....
    By all means apply for a second card if the credit limit on the first is insufficient but forget the apply for 6 or apply for 8 cards nonsense.
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