Guarantor for Student Credit Card?

NightFox

My daughter is about to start her second year at uni and wants to get a credit card to improve her credit rating, which is already showing as better than average from the main credit agencies (nothing negative, 2 bank accounts on record). Even though she's got a part time job with an expected income of about £5000 a year, she's being declined by the eligibility check for everything, even Barclays and Santander where she hold her bank accounts, both of which have consistent 4-figure balances. Even if she enters her income as £10,000 (I pay her rent to her, she pays it to landlord) the result is the same.

Is it possible for me to act as a guarantor to get her a card? Or is there an alternative? All the advice online for improving her credit rating boils down to "start using a credit card" (sensibly, of course), but it seems catch 22 if she can't actually get one. 

p3ncilsharpener

Her income is too low.  And I'd strongly advise against lying about her income to get a card (and the rent payment from you isn't income.)

Never heard of a guarantor credit card so probably not going to have any luck with that.  She just needs to wait until she gets a full-time job with a full-time salary.

[Deleted User]

NightFox said:

Even if she enters her income as £10,000 (I pay her rent to her, she pays it to landlord) the result is the same.

Stop doing that or she'll end up with fraud markers. Be consistent and only tell the truth.

She'll have time to build her credit history. Ignore the ratings that tell her she's higher than average. She's high risk, but it's very early days.

NightFox

Deleted_User said:

NightFox said:

Even if she enters her income as £10,000 (I pay her rent to her, she pays it to landlord) the result is the same.

Stop doing that or she'll end up with fraud markers. Be consistent and only tell the truth.

Sorry, I should have been clearer - some of the applications expressly said to include money you get from your parents (which this is) within income, and we also reported her outgoing rent which was equal to this. In other words, there was no attempt at dishonesty or misrepresentation - her net free income remained the same.

[Deleted User]

Go for a credit builder card though if she has already applied for several in recent months then wait at leas 6 months or she looks desperate which gives red flags to lenders

WillPS

TSB and HSBC have credit cards intended for students, but both require you to open Student Current Accounts with them.

As others have said, lying on application forms is a very bad idea.