Lloyds bank credit card successful then unsuccessful as well Halifax

cymruchris

2021BJ said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

Yes.  Two in fact.

Three including the accidental Amex application. 

You'd be better off not applying for fresh credit for a few months now based on what you've done this week.

I imagine that being part of the same group - they use the same algorithms - and you came up as approved for £4800 on your first application - then when you did it again, the same algorithm said you were still approved for £4800, but it was the SAME £4800 rather than a NEW £4800 - so when they realised you'd made two identical applications to different brands of the same group, you probably set off all the alarm bells for seeming desperate for credit - and so out of an abundance of caution probably declined both. 

It's usually recommended that you only apply for one credit product at a time unless you have an exemplary history (and I don't mean a high credit score). You've applied for 3 products in the space of a about a day. 

older_wiser

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

if you already have an account with lloyds or halifax ie a bank account and then you apply for a credit card they won't do a hard search it will be a soft search its been noted multiple times by people in previous posts and i applied for a halifax CC with no hard search appearing on my credit file last year as i already have a halifax rewards bank account. 

As other replies have mentioned multiple applications for credit is never a good sign it wasn't before covid and since alot of banks are tightening lending at the moment its even more of a red flag i would say. 

Rosco32

older_wiser said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

if you already have an account with lloyds or halifax ie a bank account and then you apply for a credit card they won't do a hard search it will be a soft search its been noted multiple times by people in previous posts and i applied for a halifax CC with no hard search appearing on my credit file last year as i already have a halifax rewards bank account. 

As other replies have mentioned multiple applications for credit is never a good sign it wasn't before covid and since alot of banks are tightening lending at the moment its even more of a red flag i would say. 

That’s not entirely correct. I have my main current account with Lloyds. When I applied for a credit card with them, a hard search was done with Experian

adamp87

Rosco32 said:

older_wiser said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

if you already have an account with lloyds or halifax ie a bank account and then you apply for a credit card they won't do a hard search it will be a soft search its been noted multiple times by people in previous posts and i applied for a halifax CC with no hard search appearing on my credit file last year as i already have a halifax rewards bank account. 

As other replies have mentioned multiple applications for credit is never a good sign it wasn't before covid and since alot of banks are tightening lending at the moment its even more of a red flag i would say. 

That’s not entirely correct. I have my main current account with Lloyds. When I applied for a credit card with them, a hard search was done with Experian

Ive found Lloyds have done a hard search in the past but not Halifax. 

older_wiser

Rosco32 said:

older_wiser said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

if you already have an account with lloyds or halifax ie a bank account and then you apply for a credit card they won't do a hard search it will be a soft search its been noted multiple times by people in previous posts and i applied for a halifax CC with no hard search appearing on my credit file last year as i already have a halifax rewards bank account. 

As other replies have mentioned multiple applications for credit is never a good sign it wasn't before covid and since alot of banks are tightening lending at the moment its even more of a red flag i would say. 

That’s not entirely correct. I have my main current account with Lloyds. When I applied for a credit card with them, a hard search was done with Experian

thanks for the clarification i wasn't aware of that

in previous posts people have said that the entire hbos group didn't hard do searches when you already had an account with them i know with halifax they didn't with me but obviously lloyds is something that i don't have any personal experience with other than having a club lloyds account. 
If you hadn't replied along with adamp87 i wouldn't have known as probably others wouldn't either.

CRISPIANNE3

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

If  you are already a customer of Lloyds bank a hard credit search will not normally show.  In my case anyway.

[Deleted User]

cymruchris said:

2021BJ said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

Yes.  Two in fact.

Three including the accidental Amex application. 

You'd be better off not applying for fresh credit for a few months now based on what you've done this week.

I imagine that being part of the same group - they use the same algorithms - and you came up as approved for £4800 on your first application - then when you did it again, the same algorithm said you were still approved for £4800, but it was the SAME £4800 rather than a NEW £4800 - so when they realised you'd made two identical applications to different brands of the same group, you probably set off all the alarm bells for seeming desperate for credit - and so out of an abundance of caution probably declined both. 

It's usually recommended that you only apply for one credit product at a time unless you have an exemplary history (and I don't mean a high credit score). You've applied for 3 products in the space of a about a day. 

So how many application would you suggest making, in how many days?

I mean shopping around for credit (the same type of credit facility) shouldn't raise too many eyebrows because it is expected, and not every lender provides eligibility checker or preapproval.

Surely 1-3 hard inquiries is absolutely fine, whether it is over a day, a week, a month.

cymruchris

Adams18 said:

cymruchris said:

2021BJ said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

Yes.  Two in fact.

Three including the accidental Amex application. 

You'd be better off not applying for fresh credit for a few months now based on what you've done this week.

I imagine that being part of the same group - they use the same algorithms - and you came up as approved for £4800 on your first application - then when you did it again, the same algorithm said you were still approved for £4800, but it was the SAME £4800 rather than a NEW £4800 - so when they realised you'd made two identical applications to different brands of the same group, you probably set off all the alarm bells for seeming desperate for credit - and so out of an abundance of caution probably declined both. 

It's usually recommended that you only apply for one credit product at a time unless you have an exemplary history (and I don't mean a high credit score). You've applied for 3 products in the space of a about a day. 

So how many application would you suggest making, in how many days?

I mean shopping around for credit (the same type of credit facility) shouldn't raise too many eyebrows because it is expected, and not every lender provides eligibility checker or preapproval.

Surely 1-3 hard inquiries is absolutely fine, whether it is over a day, a week, a month.

I don't suggest anything - what I suggest is to be prudent with your applications. Everyone is different. Every credit file is different. There'll be people that can apply for 6 cards in a row and get them all - and there are people who will get rejected 3 times in a row that then leads to further complications as they're seen as desperate for credit.

If you've been turned down for the first one, then the second one, and then you chance your arm on a third application and get turned down again - it's probably time to take a breath and stop applying while you try to work out why. 

Nebulous2

Adams18 said:

cymruchris said:

2021BJ said:

RahmanQ said:

floppydisk1 said:

It could be many things but one thing I can think of as a most likely - both Lloyds and Halifax are members of the same banking group and as such share all informations. You have applied for a card, was accepted and then couple of hours later you applied for another card from the same banking group so it was read as you are desperate for credit and as far as they are concerned they were not prepared to take the risk and both applications were declined. 
  It is always a bad idea to apply for multiple cards at the same time and even more so when you apply within he same banking group ( ea  Lloyds, Halifax, bank of scotland  or another example HSBC, First Direct, M & S or john Lewis credit card... ) 
You should have applied for 1 card - whichever is more important ( say balance transfer ) and 6 months later apply for another one , preferably not from the same provider or same banking group. 
 When you want to shift Aqua card balance to a new 0 % card , you don't need another low APR card at the same time anyway - priority is to pay off the debt first - anything else is the big full fat red flag for any bank, from their point of view you want to shift balance to a 0 % card and immediately run a debt on a another new card- so as far as they might be concerned you can end up with 2 cards with high balance and no 0 % available and no means to pay it off as you seem to rely on credit for day to day spending - I am not saying that is the case, I am saying that is as most banks would interpret your  multiple applications, and even more so now when credit criteria are getting tighter ....

Will this put a hard search on my credit file?

Yes.  Two in fact.

Three including the accidental Amex application. 

You'd be better off not applying for fresh credit for a few months now based on what you've done this week.

I imagine that being part of the same group - they use the same algorithms - and you came up as approved for £4800 on your first application - then when you did it again, the same algorithm said you were still approved for £4800, but it was the SAME £4800 rather than a NEW £4800 - so when they realised you'd made two identical applications to different brands of the same group, you probably set off all the alarm bells for seeming desperate for credit - and so out of an abundance of caution probably declined both. 

It's usually recommended that you only apply for one credit product at a time unless you have an exemplary history (and I don't mean a high credit score). You've applied for 3 products in the space of a about a day. 

So how many application would you suggest making, in how many days?

I mean shopping around for credit (the same type of credit facility) shouldn't raise too many eyebrows because it is expected, and not every lender provides eligibility checker or preapproval.

Surely 1-3 hard inquiries is absolutely fine, whether it is over a day, a week, a month.

That kind of information isn't freely given out - so the only people here who may know are people who work in the industry, and they will be careful in what they say. 

It's often said if you are unsuccessful, or unhappy with the rate offered, to make another quick application and if that is unsuccessful to leave it for 3 months. So 2 is okay, 3 is pushing your luck. 

I decided to try stoozing - over 3 years ago and the world has changed since then. I made 3 applications, got them all and took over £30k in credit within a week. I'm not convinced it would be easy to do that now, certainly not for me as I've just left work.