0% Credit Card not reporting as a promotional rate on my Credit File

surreysaver

Just checking through my credit file for any anomalies, and just spotted that my Sainsburys Credit card that I've had since January 2019 has not been reporting as a promotional rate even though its 0% on purchases until March 2021.  Other 0% purchases cards I've had have correctly reported as promotional rates.  As I'm building up a balance on it, I am obviously concerned this may affect future applications for credit.
Is this something I need to be concerned about, and something I should be chasing Sainsburys Bank to rectify?

Willing2Learn

I only ever had the promo marker on my Experian report...

surreysaver

Its the MSE Credit Club, which is obviously Experian.  Just concerned that prospective lenders might see a high balance that isn't a promotional rate, and put two and two together and come up with the wrong conclusions about me. 
I suppose alternatively they might think I'm paying interest on my balance, and wrongly conclude that I might be a profitable customer...?  In which case perhaps I should pay a £ or two above my minimum payment to make the system think I'm paying more off my balance than the minimum?  Not that I'm one for trying to manipulate things to my advantage, of course!

maxximus75

I think the promotional balance marker is to assist lenders in weeding out the people that may not be profitable for their products.

This way, they can see when people get a 0% card for say 24 months, pay the minimum then balance transfer to another 0% and rinse/repeat.

It costs money to lend and service an account.

Some people complain that they get rejected for credit even through their score/history is great.  They just may not fit the criteria that lender is looking for at that particular time.

mcpitman

maxximus75 said:

I think the promotional balance marker is to assist lenders in weeding out the people that may not be profitable for their products.

This way, they can see when people get a 0% card for say 24 months, pay the minimum then balance transfer to another 0% and rinse/repeat.

It costs money to lend and service an account.

Some people complain that they get rejected for credit even through their score/history is great.  They just may not fit the criteria that lender is looking for at that particular time.

The promotional balance marker is exactly that, it can distinguish between minimum payments on an interest bearing card, or min payments to a 0% balance card. A min pay to an interest card is not paying any debt off (generally) a min pay on a 0% card is paying down the balance.

CRA's do not know the length or specifics of any MT or BT offers you may have taken up.

The costs of servicing the accounts are minimal due to automated services, but the profit for them is made from interest bearing accounts or the balance transfer fee, or a missed payment triggering a 0% balance back to c20%.

Thrugelmir

surreysaver said:

As I'm building up a balance on it, I am obviously concerned this may affect future applications for credit.

Will you clear the balance at the end of the 0% period?