Credit card application rejected.

eskbanker

Tango1947 said:

Obviously now, I will go to another cc provider.

But they'll all ignore savings, in that applications are evaluated based on income (and other data visible via credit rating agencies) - that's not to say that you won't secure one though, especially if you apply to a provider whose criteria encompass higher risk applicants....

MEM62

Tango1947 said:

MorningcoffeeIV said:

You have no credit history by the sounds of it, hence the fake 999 credit score.

Try an eligibility checker to see what you might be able to get. Being higher risk, you may need to start lower down the food chain.

As long as you clear in full, any card will serve your purpose.

Why do you say I'm 'higher risk'?

Possibly;
A thin history
Retired and on a reduced income

inthezeroroom

If you have the cash, buy the furniture. If you’re worried about potential problems, buy from a more reputable retailer. The Sale of Goods Act covers retail purchases however you pay. People are literally scared of buying things without Section 75 protection and don’t the credit card providers just love that!

[Deleted User]

inthezeroroom said:

If you have the cash, buy the furniture. If you’re worried about potential problems, buy from a more reputable retailer. The Sale of Goods Act covers retail purchases however you pay. People are literally scared of buying things without Section 75 protection and don’t the credit card providers just love that!

Terrible advice - neither a good reputation nor The Consumer Rights Act will protect the OP if they go bust between taking his cash and providing the product. 

BTW The Sale of Goods Act hasn't covered much since 2015.

PixelPound

[Deleted User] said:

inthezeroroom said:

If you have the cash, buy the furniture. If you’re worried about potential problems, buy from a more reputable retailer. The Sale of Goods Act covers retail purchases however you pay. People are literally scared of buying things without Section 75 protection and don’t the credit card providers just love that!

Terrible advice - neither a good reputation nor The Consumer Rights Act will protect the OP if they go bust between taking his cash and providing the product. 

BTW The Sale of Goods Act hasn't covered much since 2015.

In addition it's also worth mentioning you don't need to pay the full balance by Credit Card for Section 75 protection.

@Tango1947 - Get a card from one that is better for bad debt (I know you don't have any, but after one failed application, some might wonder why you are making another application after your first - they don't see failed applications, just hard credit searches). Use an eligibility calc to see if any pre-approve you.

You don't need a big credit limit, just enough to pay a deposit on your furniture. You can always pay the rest with cash, debit card, bank transfer, etc. You will then be covered by section 75 and the CC co cover the full amount you pay not just what you paid by CC.

Marchitiello

It sounds like the OP has not gone through the full application process but only the eligibility checker. 

Santander have been for me a weird bank for me when it comes to offering credit, as I have had many cards from them (some were store cards operated by them that were product changes to standard Santander card when their agreement with the retailer ended).

My current CC with them is a Santander Zero, used almost exclusively for Forex spend and paid in full. It started with a low limit but has grown to over £20k limit in a short time from initially opening it. Yet, they won’t give me an overdraft facility on my Select account, which I would love for the DDs to be taken and only transfer the funds on the day (this account is my main payment hub, but I keep balances on higher interest paying alternatives).

DigSunPap

Santander may have declined your  application due to internal policies or specific card requirements. While your credit history is good, the bank's criteria or financial stability checks may have influenced their decision. Perhaps contact them for clarification. 

emperormessia

inthezeroroom said:

If you have the cash, buy the furniture. If you’re worried about potential problems, buy from a more reputable retailer. The Sale of Goods Act covers retail purchases however you pay. People are literally scared of buying things without Section 75 protection and don’t the credit card providers just love that!

Not the advice he wants he want a credit card, He almost mentioned he has been burned in the last years and he had to go to small claim court.  I’m with him on this he can also use the credit card on purchases on other expensive items in the future, nothing wrong in having a credit card 

born_again

inthezeroroom said:

If you have the cash, buy the furniture. If you’re worried about potential problems, buy from a more reputable retailer. The Sale of Goods Act covers retail purchases however you pay. People are literally scared of buying things without Section 75 protection and don’t the credit card providers just love that!

@inthezeroroom
Really interested to know how exactly this act covers you for purchases should the retailer goes bust & the product becomes faulty, or has a warranty issue.
Even the most reputable retailers go bust. T Cook, Debenhams, House of Frazer to name but 3...

Especially as The Consumer Rights Act 2015 replaced The Sale of Goods Act 1979