About to start a new job but want to apply for credit card

snathann

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

p3ncilsharpener

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

[Deleted User]

Apply now. If declined, leave it a couple of months. Your own bank would be a good place to start, or a sub prime card if you have a very thin file.

snathann

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Sandtree

snathann said:

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Its probably more interesting as a proportion than absolute amount... going from £20k to £25 is a reasonable uplift but from £200k to £205k kind of neither here nor there.

There are two balancing factors:
1) Length of employment is a consideration, banks like to see stable employment as it means you have material rights etc, someone new in a job is much more likely to be let go if they dont work out or something broader goes wrong in the business given anyone with less than 2 years service can be released without reason and no redundancy pay.

2) Most lenders have a question or assumption about changes to your circumstances, if you apply now you effectively have to say yes which will push you to the telephone/in branch who may or may not have the same offers available 

Jasonh2015

I did, I had a confirmed job offer! My friend works in the same sector and sorted it out after I was made redundant after 16 odds years. I was still employed at the time, so I used my 16 years for the job length question  and it all worked out 

snathann

Sandtree said:

snathann said:

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Its probably more interesting as a proportion than absolute amount... going from £20k to £25 is a reasonable uplift but from £200k to £205k kind of neither here nor there.

There are two balancing factors:
1) Length of employment is a consideration, banks like to see stable employment as it means you have material rights etc, someone new in a job is much more likely to be let go if they dont work out or something broader goes wrong in the business given anyone with less than 2 years service can be released without reason and no redundancy pay.

2) Most lenders have a question or assumption about changes to your circumstances, if you apply now you effectively have to say yes which will push you to the telephone/in branch who may or may not have the same offers available 

It's £21,000-£25,700.  Regarding your second point, do you recommend waiting until I have started the new job?

p3ncilsharpener

Sandtree said:

snathann said:

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Its probably more interesting as a proportion than absolute amount... going from £20k to £25 is a reasonable uplift but from £200k to £205k kind of neither here nor there.

There are two balancing factors:
1) Length of employment is a consideration, banks like to see stable employment as it means you have material rights etc, someone new in a job is much more likely to be let go if they dont work out or something broader goes wrong in the business given anyone with less than 2 years service can be released without reason and no redundancy pay.

2) Most lenders have a question or assumption about changes to your circumstances, if you apply now you effectively have to say yes which will push you to the telephone/in branch who may or may not have the same offers available 

As I recall the question is if you expect your income to decrease in the foreseeable future, not if you expect any change to your circumstances.

Sandtree

p3ncilsharpener said:

Sandtree said:

snathann said:

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Its probably more interesting as a proportion than absolute amount... going from £20k to £25 is a reasonable uplift but from £200k to £205k kind of neither here nor there.

There are two balancing factors:
1) Length of employment is a consideration, banks like to see stable employment as it means you have material rights etc, someone new in a job is much more likely to be let go if they dont work out or something broader goes wrong in the business given anyone with less than 2 years service can be released without reason and no redundancy pay.

2) Most lenders have a question or assumption about changes to your circumstances, if you apply now you effectively have to say yes which will push you to the telephone/in branch who may or may not have the same offers available 

As I recall the question is if you expect your income to decrease in the foreseeable future, not if you expect any change to your circumstances.

Its been a while since I last applied for a card but I am fairly sure its broader than just a decrease in income... going from full time employee to self employed contractor etc would be a material changes to your risk profile that I'd imagine a bank would want to know about before extending you a credit line but you could legitimately not declare if you believe it'll have a positive impact on your income. 

Ultimately check the questions/assumptions as presented by your preferred provider

p3ncilsharpener

Sandtree said:

p3ncilsharpener said:

Sandtree said:

snathann said:

p3ncilsharpener said:

snathann said:

I have never used a credit card, always paid with debit card, but I'm going to get the Amazon Platinum Mastercard.
When applying for the card I have to enter my salary.
I'm currently employed since almost 2 years ago, however I will be starting a new job near the end of this month with a bit higher salary.  Should I wait until I have started the new job before applying for this card?

You can apply for it now, what you can't (or rather shouldn't) do is use the new salary figures until you actually start the job.

Amazon (NewDay) are certainly not picky and if it's only a "bit" higher salary it's probably unlikely to have much effect on the limit offered but it's up to you.

it's a difference of about £4000-5000 per year

Its probably more interesting as a proportion than absolute amount... going from £20k to £25 is a reasonable uplift but from £200k to £205k kind of neither here nor there.

There are two balancing factors:
1) Length of employment is a consideration, banks like to see stable employment as it means you have material rights etc, someone new in a job is much more likely to be let go if they dont work out or something broader goes wrong in the business given anyone with less than 2 years service can be released without reason and no redundancy pay.

2) Most lenders have a question or assumption about changes to your circumstances, if you apply now you effectively have to say yes which will push you to the telephone/in branch who may or may not have the same offers available 

As I recall the question is if you expect your income to decrease in the foreseeable future, not if you expect any change to your circumstances.

Its been a while since I last applied for a card but I am fairly sure its broader than just a decrease in income... going from full time employee to self employed contractor etc would be a material changes to your risk profile that I'd imagine a bank would want to know about before extending you a credit line but you could legitimately not declare if you believe it'll have a positive impact on your income. 

Ultimately check the questions/assumptions as presented by your preferred provider

Just tried the soft checker with Amazon and it is a bit broader (I checked with the Barclaycard app for a credit limit increase and that just asks if it's going to get worse) although the options are just "Yes, it's going to get better" "No, it'll stay the same" "Yes, it'll get worse."  Can't see anyone clicking "Yes, it'll get better" being knocked back because of it to be honest.

[Deleted User]

I wouldn't apply on the basis of the new salary as you could lose the job, fail probation, realise you don't like it etc etc. Either apply now or wait for 3-6 months when you are over any probation etc