Santander Zero credit card rejection Retired person

AndyPK

Hi 
I am retired. I have had Santander 123 account for 5 years.
I have been rejected for a zero credit card.  No history of credit problems. I'm surprised. 
Is this common? Should I apply for the more basic card?  
I used to have a Barclay card but they took it off me because I didn't use it. 

born_again

Each bank has their own criteria and risk appetite. At the moment, belts are being tightened.
You could look elsewhere, but if you are taking out a credit card. At least use it. 
The excuse I only want one for emergency is a pointless exercise. 

dr_adidas01

AndyPK said:

Hi 
I am retired. I have had Santander 123 account for 5 years.
I have been rejected for a zero credit card.  No history of credit problems. I'm surprised. 
Is this common? Should I apply for the more basic card?  
I used to have a Barclay card but they took it off me because I didn't use it. 

You simply might not fit the customer profile Santander is looking for in a customer, I should imagine with whats going on in the world at the moment credit providers might be a little more strict.

If Barclaycard closed your account because you weren't using it, then why do you want the Zero Card, were you going to use it more than your previous card?

AndyPK

I want to purchase a expensive product, and want the protection a credit card offers incase the company goes bust

born_again

AndyPK said:

I want to purchase a expensive product, and want the protection a credit card offers incase the company goes bust

You do not need a credit card for that.
A chargeback on a debit/credit card has unlimited amount. S75 (and would not be used where a company goes bust) is a Max of £30K

AndyPK

I thought a credit card had a bit more protection. They did the work on your behalf and got 100% back,

It's about £10K

born_again

A credit card does have a bit of extra protection S75 which covers Breech of Contract & Misrepresentation. TBH, it is not used that much.
Debit/Credit Card provider will action chargeback for you (no charge) Retailer can contest. Just the same as a card provider can reject a S75 claim.

[Deleted User]

born_again said:

A credit card does have a bit of extra protection S75 which covers Breech of Contract & Misrepresentation. TBH, it is not used that much.
Debit/Credit Card provider will action chargeback for you (no charge) Retailer can contest. Just the same as a card provider can reject a S75 claim.

Credit card has S75 and chargeback in most instances, Debit only chargeback.
S75 is legally enforceable, chargeback isn't.

OP you can appeal the refusal...is more likely to be favourable if they are your main current account.

Shakin_Steve

Why do you think the company may go bust? If this is a genuine concern, should you really be considering a purchase from them.

Life__Goes__On

dahj said:

Credit card has S75 and chargeback in most instances, Debit only chargeback.
S75 is legally enforceable, chargeback isn't.

And the claim timeframe is much longer with a S75