Virgin M account

fly-catchers

How many of these are you allowed to set up for one individual?

castle96

someone on here had 40+ I have only managed 7. Any further ones are declined

fly-catchers

Once you have set up one do you just go through the same procedure to the set the others up! Until it saids no!

wiseonesomeofthetime

Yep. And remember, each application leaves a hard search on your credit report.

fly-catchers

wiseonesomeofthetime said:

Yep. And remember, each application leaves a hard search on your credit report.

Is that a bad thing?

Ed-1

I wouldn't bother for the sake of 2%. Inflation is soaring and interest rates will follow in the next year.

RG2015

Ed-1 said:

I wouldn't bother for the sake of 2%. Inflation is soaring and interest rates will follow in the next year.l

Don’t suppose you know which will be higher next year? 

Ed-1

RG2015 said:

Ed-1 said:

I wouldn't bother for the sake of 2%. Inflation is soaring and interest rates will follow in the next year.l

Don’t suppose you know which will be higher next year? 

Inflation will be higher but there's likely to be some savings offering in the region of 2% once base rate rises to 0.75% next year.

Daliah

fly-catchers said:

wiseonesomeofthetime said:

Yep. And remember, each application leaves a hard search on your credit report.

Is that a bad thing?

It could well be, if you are planning on taking out a mortgage, a loan or a credit card in the next 6-12 months, as lots of hard searches in a short period of time are often considered a sign of financial distress.

fly-catchers

Got 4 accounts before it stopped accepting me! Still that’s £4000 earning 2.02% a month. Probably drop the rate next week knowing my luck!

schiff

fly-catchers said:

Got 4 accounts before it stopped accepting me! Still that’s £4000 earning 2.02% a month. Probably drop the rate next week knowing my luck!

2.02% a month is certainly attractive