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First Direct Purchases Gold Credit Card application
nabejb0709
Posts: 6 Forumite
in Credit cards
Some advice here for First Direct experts please!
I have recently &applied for First Direct First Account and it was instantly approved🆒
I am now considering whether to apply for the Gold Credit Card via app. However when I went to the products section on app & selected Purchase Gold CC, the next page on screen appeared with a question: What credit limit you find useful?
Below it is a circle where you can move to increase the amount up to £20k.
In my case it is showing £500 but that's the minimum credit limit anyway but I can increase it to the max of £20K full circle if I wanted to.
But what really get me is this statement saying: Your credit limit will be based our assessment of your individual circumstances but won't be higher than this amount.
Does that mean I'm eligible for a £500 credit limit but no more than that? I don't want a wasted hard credit search if I wanted a higher amount and it is then declined/offered just £500 CL bearing in mind I have been successful getting a clarity CC with a CL of 2K two weeks ago.
It is not yet showing on credit file so time is of essence as I like to have another spare one before it appears on credit files.
Thanks
I have recently &applied for First Direct First Account and it was instantly approved🆒
I am now considering whether to apply for the Gold Credit Card via app. However when I went to the products section on app & selected Purchase Gold CC, the next page on screen appeared with a question: What credit limit you find useful?
Below it is a circle where you can move to increase the amount up to £20k.
In my case it is showing £500 but that's the minimum credit limit anyway but I can increase it to the max of £20K full circle if I wanted to.
But what really get me is this statement saying: Your credit limit will be based our assessment of your individual circumstances but won't be higher than this amount.
Does that mean I'm eligible for a £500 credit limit but no more than that? I don't want a wasted hard credit search if I wanted a higher amount and it is then declined/offered just £500 CL bearing in mind I have been successful getting a clarity CC with a CL of 2K two weeks ago.
It is not yet showing on credit file so time is of essence as I like to have another spare one before it appears on credit files.
Thanks
0
Comments
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They are saying the minimum limit will be 500 but they will consider up to the amount you ask for subject to their assessment of your credit worthiness.2
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Applied for 2K limit just now, application is approved, gold card account already showing on app! 👍
No more credit applications for me for a year now
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nabejb0709 said:Some advice here for First Direct experts please!
I have recently &applied for First Direct First Account and it was instantly approved🆒
I am now considering whether to apply for the Gold Credit Card via app. However when I went to the products section on app & selected Purchase Gold CC, the next page on screen appeared with a question: What credit limit you find useful?
Below it is a circle where you can move to increase the amount up to £20k.
In my case it is showing £500 but that's the minimum credit limit anyway but I can increase it to the max of £20K full circle if I wanted to.
But what really get me is this statement saying: Your credit limit will be based our assessment of your individual circumstances but won't be higher than this amount.
Does that mean I'm eligible for a £500 credit limit but no more than that? I don't want a wasted hard credit search if I wanted a higher amount and it is then declined/offered just £500 CL bearing in mind I have been successful getting a clarity CC with a CL of 2K two weeks ago.
It is not yet showing on credit file so time is of essence as I like to have another spare one before it appears on credit files.
Thanks
Save £5k in 2024 challenge #32
Saved Total = £6,481.35 / £5,000 (Nov24)
Secured/Unsecured loans x 1
Credit Cards x 7 (total limit £35,500)
Creation FS Retail Account x 1
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £139,149.17 (Payment 6/360)
Total Debt = £1,687.50 (0%APR) @ £112.50pm
Charity fundraising goal for 2024 = £1,000 for animal rehoming / dog fostering etc1 -
How do you know this?
So lenders will see new accounts (if it’s approved) 24hrs after the application search?
That’s interesting, as I thought the new accounts is not added until the next month cycle when it update monthly.0
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