Help increasing credit rating

SlovakianGuy

A few more 'credit builder' cards to consider:


Asda Cashback Start credit card

A real head-start to improving your credit rating, whilst earning cashback every time you use your Asda Cashback Start Credit Card.

• 1% cashback on all Asda spend
• 0.2% cashback on all other purchases
• No annual fee

Tandem Journey card (app only)

Targeted at people with a limited credit history, the new card offers fee-free spending and cash withdrawals abroad.


Origin credit card (by Vanquis)

Can be a great tool to improve your credit rating

• You'll start with an easy to manage credit limit up to £1,000
• You could earn Credit Limit increases every 5 months, up to £3,500
• SMS and Online Account Management

Very credit card

• Credit limit up to £1,500.
• Access to your account information anytime online.
• Successfully apply and get £10 back from your next
  Very purchase (Offer Terms & Conditions)

Luma credit card (by CapitalOne) "The Credit Card That's a Bit More Friendly"


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Phyzelda

Thank you everyone. I've just signed up to clear score and it's gone up which is great. I have no financial connections which is amazing news.

Apparently I still have a bank account I don't know about so off down there shortly to get that sorted.

Next job get a credit builder card for purely my diesel only. My only worry is if I apply and I'm rejected will it knock me back? I quite like the idea of the asda one for the cashback, I occasionally take a trip to asda, like once every 3 months and buy my twins clothes so that could be an added bonus

[Deleted User]

Knock you back in what way?

If you mean the score then you can safely ignore it.

Try an eligibility checker first before applying for any cards

[Deleted User]

All that will show is a search. The score will drop but that's ok - it's not real and not used in lending criteria.

SlovakianGuy

The score is "not real" but it pretty much reflects my chances of being approved for a credit card at any given time. I regularly do eligibility checks just to see how likely am I to get that particular credit card. When my score was higher, I had much higher chance. When my score dropped significantly, I had almost no chance. When it went up a bit, my chances went up too. I do the eligibility checks directly on credit cards issuers' websites, such as American Express, rather than on Noddle or ClearScore.