We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
How long to wait before applying?
doveman
Posts: 204 Forumite
in Credit cards
I've just applied for a Mint card because I needed to BT about £3000. I've been accepted but unfortunately they've only given me a £1000 credit limit and won't consider increasing it until I've had the card for about 3 months (by which time I probably won't be able to BT to them at a promotional rate).
I've used this to clear my HSBC card (which had £2000 credit limit) and closed that (after asking if they could offer any BT deals, but all they offered was 16.9%).
So, I plan to apply for another card (probably Virgin) to transfer the remaining £1900 from my Egg card (£2500 credit limit) but I'm wondering how long I should wait, considering that I've just applied for and got one new card and closed another.
I've also reduced my credit limit with a mail-order company from £1300 to £300, so hopefully that should help when I do apply.
I've used this to clear my HSBC card (which had £2000 credit limit) and closed that (after asking if they could offer any BT deals, but all they offered was 16.9%).
So, I plan to apply for another card (probably Virgin) to transfer the remaining £1900 from my Egg card (£2500 credit limit) but I'm wondering how long I should wait, considering that I've just applied for and got one new card and closed another.
I've also reduced my credit limit with a mail-order company from £1300 to £300, so hopefully that should help when I do apply.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards