Does an account without overdraft affect score?

PaulW922

As others have said, your 'score' is not too important as only you see it. I do not agree that it is 'made up', but it is just a guide for you, produced by Experian or whoever to give you an idea where you stand. It is nothing more than that.

But as far as your credit history goes- yes a current account (including a basic one) can have an impact and unless you manage the account badly, it is usually a positive impact. Not going over your limit or continually having payments returned will result on good conduct being reported back.

i think basic account types can be of great value to people with limited or impaired credit history trying to rebuild their profile.

[Deleted User]

Disregarding the worth of a credit score altogether, yes, it does have an impact.

I became a massive bank tart and opened several accounts for several switching bonuses. My credit score did take a hit, as I made lots of applications and my overall account age dropped.

Should you worry about it? Probably not. In a year, these applications won't be seen on the report anyway, and you'll have just blagged yourself some free cash for the trouble.

If you're only doing one switch, I can't imagine it making the slightest bit of difference to any lenders.