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when do better offers start coming?

24

Comments

  • Nasqueron
    Nasqueron Posts: 11,216 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Beyond perks like cashback or equivalents, having a prime or sub-prime card makes no difference, so long as you're paying it off in full every month. Lenders don't see and certainly don't judge future stuff like a mortgage based on whether you have a "good" or "bad" card

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    Nasqueron wrote: »
    Beyond perks like cashback or equivalents, having a prime or sub-prime card makes no difference, so long as you're paying it off in full every month. Lenders don't see and certainly don't judge future stuff like a mortgage based on whether you have a "good" or "bad" card

    I'd expect subprime card limits to max out way below where prime cards will as well though.
  • Andybez38
    Andybez38 Posts: 1,773 Forumite
    Part of the Furniture Combo Breaker
    boo_star wrote: »
    Maybe try a soft search direct with a prime lender?

    Barclaycard : https://www.barclays.co.uk/credit-cards/check-your-eligibility/
    MBNA : https://www.mbna.co.uk/credit-card-eligibility-checker.html

    I just tried the MBNA checker and am pre approved for 4 of their cards at alot better rates that i currently have so that is something to bear in mind. Thank you boo_star
    I came into this world with nothing and I'm gonna leave with nothing.
  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    Andybez38 wrote: »
    I just tried the MBNA checker and am pre approved for 4 of their cards at alot better rates that i currently have so that is something to bear in mind. Thank you boo_star

    Maybe the comparison sites are using old data?
  • Andybez38
    Andybez38 Posts: 1,773 Forumite
    Part of the Furniture Combo Breaker
    boo_star wrote: »
    Maybe the comparison sites are using old data?

    Maybe they are. My plan now is to wait to all the credit reports are updated as in what i can see. I will then see if scores are updated and any new offers are listed in their eligibility checkers.
    I came into this world with nothing and I'm gonna leave with nothing.
  • gionnetto
    gionnetto Posts: 234 Forumite
    Sixth Anniversary 100 Posts I've been Money Tipped!
    Andybez38 wrote: »
    I currently have zero balance on all 4 cards. I have been using the cards and paying off the balance in full each month. I am wondering why the eligibility credit card checkers are only coming up with sub prime card offers.

    What's your utilization rate? It usually takes 3 years of spotless behaviour before you get eligible for a mainstream card. But, as some have said, you can still try your own bank if you need another card.
    Your cholesterol levels are not seen, or used, by your heart and arteries, so ignore it.
    :eek:.
  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    Andybez38 wrote: »
    Maybe they are. My plan now is to wait to all the credit reports are updated as in what i can see. I will then see if scores are updated and any new offers are listed in their eligibility checkers.

    Bear in mind that if they're using old data they may end up holding onto it past the date that your files show as being clear.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    gionnetto wrote: »
    What's your utilization rate? It usually takes 3 years of spotless behaviour before you get eligible for a mainstream card. But, as some have said, you can still try your own bank if you need another card.

    Does it really. A long time ago but I must have been lucky then.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Andybez38 wrote: »
    I currently have zero balance on all 4 cards. I have been using the cards and paying off the balance in full each month. .
    If you are using the cards and repaying every month the reported balance should not be 0.
  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    When are you paying your CC? As you use them or when the statement comes out?
    Mortgage started 2020, aiming to clear 31/12/2029.
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