Cancelling a credit card application

FTBdreaming_2 · 24 August 2018 at 10:06AM

Hi all,

My other half applied for a Barclays credit card yesterday but has since changed his mind on wanting it. Will this have an affect on his credit score? The application said he would hear back within 5 days when applying.

Thanks in advance

jimbo26 · 24 August 2018 at 10:14AM

The score doesn't exist so don't worry. It will still show a credit search on his file though

PRAISETHESUN · 24 August 2018 at 10:30AM

You can cancel the card or withdraw your application but that will not remove the search on your file. The score you have been given is irrelevant - every lender uses their own internal criteria based on the contents on your credit file - what matters most is your credit history. Multiple searches in a sort period of time generally are not looked at favourably, but the affect of them tends to decrease after 3-6 months or so, depending on the lender