when do better offers start coming?

Andybez38

MovingForwards wrote: »

When are you paying your CC? As you use them or when the statement comes out?

I pay in full each month when i get the statement.

Ben8282

Andybez38 wrote: »

I pay in full each month when i get the statement.

And you still maintain that each month the balance is being reported as 0?

Andybez38

Ben8282 wrote: »

And you still maintain that each month the balance is being reported as 0?

I have not used any cards for the last month or so. So all accounts are showing zero balance

Ben8282

Andybez38 wrote: »

I have not used any cards for the last month or so. So all accounts are showing zero balance

I see.
You are wanting better offers. The APR on the cards is of course unimportant as you habitually repay them in full each month. I don't believe that stopping all use of the cards will benefit you in any way. Lenders are not looking for 0% utilisation and 0 balances.
What sort of better offers are you looking for exactly? You already have a card with a £6k limit. Although not a 'high' limit, a £6k limit is quite respectable and would imply that there is nothing seriously wrong with your credit files or your ability to obtain credit.
Stop waiting for offers from whatever CRA is providing them. Instead, decide what sort of card you actually want (0% purchases, rewards etc) and , if possible, use the eligibility checker on the card providers own site or else just apply. A single application and a decline won't hurt you. But try to be realistic ... don't go and apply for the very longest 0% period. WAIT FOR ALL DEFAULTS TO BE GONE BEFORE YOU DO THIS.

gionnetto

Andybez38 wrote: »

I have not used any cards for the last month or so. So all accounts are showing zero balance

You need to 1) use your cards every month (between 10 and 20% of the limit) and 2) repay them in full every month possibly by DD.

JohnMl88

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.

No, you don’t need 3 years, my case:
Capital one 200 credit limit June 2018
Aqua reward 450 limit Dec 2018
BA amex 8000 limit May 2019
Virgin 0% 20 months 2600 limit May 2019

[Deleted User]

gionnetto wrote: »

You need to 1) use your cards every month (between 10 and 20% of the limit) and 2) repay them in full every month possibly by DD.

Point 1 is CRA score boosting advise.
Ignore it.
Each lender has their own lending criteria and will use this to base any limit increases on etc.

Nasqueron

boo_star wrote: »

I'd expect subprime card limits to max out way below where prime cards will as well though.

Most people don't need credit limits in the 10s of thousands and if you're in an area of sub-prime cards, are you likely to be able to afford to run up that much debt?

Andybez38

Well an update on my original post.

All 3 credit reference agencies are now showing NO defaults. Strange to think when a default drops off your report, that your clearscore credit scores goes down. I know the score doesn't matter. The MSE credit score stayed the same. A slight increase on Noddle/credit karma.
So now encouraged by the fact i had 4 credit cards already with various limits albeit at higher APR's i thought i would give it a go and try for another at a better rate.
I went on the comparison sites and opted for a Virgin money card offering a good 0% purchase rate for a couple of years. Eligibility came up as very good chance. So i applied and was declined.
To say i was disappointed was an understatement. I'd waited for the default to be removed. Researched my options, asked for advice and it still was not to be.
I reluctantly thought i would give MBNA a try as i was pre approved for 4 of their cards. After all i had just wasted one hard search on a failed Virgin card. However to my surprise i was accepted given a credit limit and all my approval emails within minutes of my application.
The moral of my story is although i have been successful in obtaining credit cards, car finance etc. This has always come at a higher rate. The better offers came when the default dropped off.

[Deleted User]

But rates shouldn’t matter as you should be paying them back in full each month.

Ignore the scores (again).

Don’t be hasty to apply just because you can or you’ll find yourself rubbing up debts and potentially getting into a bad place again.

If you must apply then go for something that offers cashback or membership points/rewards to make it worthwhile.