Credit card off your own bank.

Andybez38

Is it easier getting a credit card issued to you, off your own bank. After all they know your income, outgoings etc from the current account you have with them.

Anthorn

Andybez38 wrote: »

Is it easier getting a credit card issued to you, off your own bank. After all they know your income, outgoings etc from the current account you have with them.

It is said that getting a credit card from your own bank is easier because they know you better from your spending profile/pattern but that's precisely why I've never done it. Reading between the lines I'd say my own banks TSB and Natwest would love me if I got credit cards from them but I'm not tempted.

I don't want the bank(s) knowing everything about me. Hey call me paranoid and you will be correct.

[Deleted User]

With CC's you are better off shopping around for the best deal, and its unlikely that will come from your bank.

Anthorn

venison wrote: »

With CC's you are better off shopping around for the best deal, and its unlikely that will come from your bank.

Why unlikely? In any case the discussion is where getting a card is easiest not where we can get the best deal.

theoretica

Anthorn wrote: »

Why unlikely?

Surely it is simple probability - there are lots of credit card providers only one of which is my bank.

Of course, what is best for someone will depend on how they will use the card.

Anthorn

theoretica wrote: »

Surely it is simple probability - there are lots of credit card providers only one of which is my bank.

Of course, what is best for someone will depend on how they will use the card.

You introduced a blanket definition which is not true. Depends on the bank and the cards they offer. There is also the possibility of regular promotional offers to consider. For example MBNA gave me a good APR but never gave me any promotional offers at all but Amex does them regularly. I even got a free Big Mac Meal when I paid with Amex. Even Aqua gave me a 6% BT. There is more to it than just getting a plastic card.

Smodlet

It is easier but rarely gives the best deal. A couple of months ago, I had exactly the same decision to make. My bank offered me a £500 increase on my existing limit on my existing CC without even doing a credit check. I could have had more but that would have involved a credit check.

I used the eligibility calculators on this site and chose a 0% card with a long term, something my bank (NatWest) do not offer because of their "responsible lending" policy. Squeezing the customer policy, more like.

So, it is up to you: Ease versus money saving/offers/cashback/balance transfer etc. It depends entirely on what you want from a card and how easy you want the application to be.

Anthorn

Smodlet wrote: »

It is easier but rarely gives the best deal. .

Again!

Which bank and which of their cards are you talking about? Tip: There is more than one bank.

Smodlet

"I used the eligibility calculators on this site and chose a 0% card with a long term, something my bank (NatWest) do not offer because of their "responsible lending" policy. Squeezing the customer policy, more like."

Clear enough now, Anthorn? Tip: Try reading.

Anthorn

Smodlet wrote: »

"I used the eligibility calculators on this site and chose a 0% card with a long term, something my bank (NatWest) do not offer because of their "responsible lending" policy. Squeezing the customer policy, more like."

Clear enough now, Anthorn? Tip: Try reading.

It must be that what you found at Natwest applies to all banks. If not why the blanket definition? I say again, there is more than one bank.

Smodlet

No, Anthorn, but clearly whatever you say must, of course, be etched in stone. Banks have no reason to compete with CC companies, ergo the likes of Amex, Aqua, not going down the whole list, tend to offer better deals.