Credit card query

ischris85

Hi All,

I have moved twice in the last 12 months. I have saved a bit of money in the last 5 months so to take advantages of my finances have opened a HSBC (for a regular saver), Natwest Reward Current Account (for my direct debits), TSB Plus Account (1.5%), Nationwide FlexDirect (5% for 12 months) and Virgin Current Account (2%).

I have a Barclaycard which I have had for nearly 2 years. I got this card originally for a large purchase. The 0% interest ended at the beginning of the year and I cleared the debt before the 0% ran out. Now I spend around £100.00 each month and pay the statement balance by direct debit.

I applied for a Natwest Reward credit card but was turned down. I would like to get a second credit card but running the MSE eligibility checker dont seem to be eligible for any card at the moment. So not sure what to do at the moment.

Any help would be appreciated!

dr_adidas01

It could be due to many factors it could be your debt to income ratio or that you don’t fit the customer profile a lender is looking for.  Also a lot of lenders are being more cautious due to the current climate. 

Why not ask barclaycard if your current card can be changed to there Rewards card, granted it will only give you 0.25% Cashback on your everyday spend but it’s better than nothing at all. 

ischris85

Im using less then 2% of my current credit. I didnt know you could change credit cards. I guess you have to speak to CS for that?

dr_adidas01

ischris85 said:

Im using less then 2% of my current credit. I didnt know you could change credit cards. I guess you have to speak to CS for that?

Yup you will have to speak to CS to see if you can change your card.