Open secondary account for tarting? How soon?

Scooy78

I've just switched my Secondary Lloyds Current Account to Natwest to take advantage of their £150 Incentive, and to also receive the rewards from my direct debits.

During the sign up process I had numerous errors, and so I had to manually setup a CASS switch after my account was live..This was generously compensated by Natwest.

ClearScore warned me that 6 Hard Searches would appear on my next report! This was also corrected by Natwest.

How long would I have to wait before I open another secondary account?
I don't want to upset my credit report.

PRAISETHESUN

A few hard searches here and there isn't going to be a huge issue, but I personally wouldn't want more than 2-3 hard searches in rapid succession. Unless you've more incentives to take advantage of, I'd probably wait a few months before applying for anything else. If you don't plan on keeping the NatWest account open after they pay the incentive, you could always use that account instead of opening a new one. Also keep in mind that if you constantly open up new accounts with the same bank only to switch them away, your bank may get wise and prevent you from opening more down the line.

[Deleted User]

Scooy78 wrote: »

I've just switched my Secondary Lloyds Current Account to Natwest to take advantage of their £150 Incentive, and to also receive the rewards from my direct debits.

During the sign up process I had numerous errors, and so I had to manually setup a CASS switch after my account was live..This was generously compensated by Natwest.

ClearScore warned me that 6 Hard Searches would appear on my next report! This was also corrected by Natwest.

How long would I have to wait before I open another secondary account?
I don't want to upset my credit report.

I don't think 6 will be added.

I opened an HSBC account and Clearscore "warned" me that 3 hard searches would be added, but when the report came out only 1 was added.

Also worth noting that NatWest are dropping the cashback on Direct Debits for bills etc. and replacing it with a less rewarding "scheme"...