MSE Credit Club Qs

_Ritchie_

Hi,

Just got some questions that I can't figure out and wanted to give some feedback on the tool to the MSE team. It's a useful tool and thanks for making it available freely.

However, there are some oddities that I can't get my head around that I hope someone can explain.

Credit Hit Rate: I signed up to the credit club when it launched and I'm pretty sure my hit rate was 70%+ then, however it has been 56% for the last month. I understand that the hit rate is essentially a percentage likelihood of being accepted on a fixed set of credit products, but I don't know what products they are. I thought the products to the right of the hit rate might be the basket of products, but that doesn't seem right as mine are mostly 90% (with a couple of 80% and one 70%) so that can't average to 56%. I've then gone through all the credit card eligibility calculator results to see which cards it could be. However again, the story is similar - mostly very positive for the best buys (70-95% chances) and some odd ones at 60% such as Post Office and The AA as well as a couple of 'no eligibility score' results. The story repeats for every card category.

Can anyone explain why and how there seems to be a mismatch between my credit hit rate and the results for the actual cards?

Suggestions:
- I think if possible it would be useful to explain what aspects have caused a bad chance on the calculator as it isn't obvious and seemingly random where undesirable cards (bad buys) have low chances and best buys have high chances.
- In addition, there needs to be a way to input multiple bank accounts in the settings as at the moment the card calculator states that I have a 0% chance of getting a Nationwide Select card because I haven't entered my primary bank account as Nationwide (even though I have 2 current accounts with them).
- A history feature of the chances and hit rate would be nice to see progression over time (like ClearScore's graph)

Dandytf

My credit card rate is 5%(i have dmp)

Mse elligibility scores seem more accurate

I have been accepted for luma,tesco foundation and aqua this year.

I avoid applying <90% elligibility.

A4445

I had 80% chance of an Amex card and that was approved.

Dandytf

A4445 wrote: »

I had 80% chance of an Amex card and that was approved.

Thanks, 80% is the lowest examples I've read.

I was stuck@70% for a few years, finally opted for Cap 1 approx. 3 years ago which was either 90-95% or pre approved,

If I remember correctly 70% was a rejection though everyone's circumstances are different.