Virgin 0% Credit Card - Declined after 100% pre-approval?

cmozz10

Hello,

Wondering if anyone else has had an issue with the Virgin 0% Credit Card offer - I had 10/10 chance of approval on money supermarket.

Any idea what has gone on here?

My credit rating hasn't changed since the initial application and receiving a disapproval and clearscore sent me a report this morning stating it had actually improved.

I find this incredibly misleading, is this an issue with the way moneysupermarket pre-approves or something to do with Virgin?

And I presume this will be marked on my credit score as having been declined...

Any advice greatly appreciated.

bengalknights

Unfortunatly a pre approval is not a guarantee you may not meet the VM internal criteria

[Deleted User]

Pre-approvals are not guaranteed.

There will be no mark on your made up credit score or rating, but there will be a hard search, one of which will have minimum impact.

Pre-approvals are based on soft searches like identity checks, then when you proceed with a full application hard searches are carried

cmozz10

Ah okay thanks - definitely think this should be explained when going through the pre-approval process by moneysupermarket, but maybe I missed it.

Would there be any risk associated with now applying for other cards with a 10/10 or 9.5/10 rating? Not in dire need of credit, and am now cautious of a second hard search being carried out without any approval.

Thanks for the responses.

[Deleted User]

It will say it in the small print - in fact it was also discussed here:

https://forums.moneysavingexpert.com/discussion/5841014/pre-approved-here-but-then-denied-credit&highlight=virgin

You could maybe try one or 2 more applications but then leave it for a few months.

Just make sure all your details you are entering are correct so they match up with your credit files.

Candyapple

I wonder if there is a problem with MSE / Moneysupermarket's eligibility checker?

Virgin have their own eligibility checker on their website.

OP have you tried using the checker directly on Virgin's site to see if the results differ?

newuser86

There were a lot of issues with this card when it came out last month with people with perfect credit history getting declined. A quick call to virgin apparently rectified it

foxy-stoat

As Moneysupermarket do not issue Virgin credit cards, I would of thought that any results given should be taken as an indication only.