Confusion with MSE Credit Card Eligibility Checker Results - Seeking Clarification
I recently tried out the credit card eligibility checker here on MSE, aiming to get a clearer picture of which balance transfer credit cards might be within my reach. However, I've run into a bit of a puzzling situation and would appreciate some insights.
The checker indicates that I am 100%, 90%, or 80% likely to be approved for certain cards. However, as I scrolled down to the bottom of the page, I stumbled upon a section titled, "Unfortunately, you're not eligible for the card(s) below based on the information you've given us." Intrigued, I clicked on "show me these cards" and noticed a significant overlap with the cards listed in the top section where I supposedly have high approval odds. Now, this has left me scratching my head. Are these conflicting results, or is there a glitch in the system?
I'm a bit hesitant to pull the trigger on applying for a card if there's any uncertainty with the MSE eligibility checker. The last thing I want is an unnecessary hit on my credit file, especially when the checker is designed to prevent such issues.
Quick background on my financial journey: I've made strides since the GFC, boosting my credit rating, and slashing my debts from £30k to a mere 10% of that. My payment history is rock solid—go me!
One observation I'd like to share is the importance of keeping your information up to date when using these tools. Aside from potential glitches, like the one I've encountered, outdated details can skew results. For instance, the checker had an older salary figure for me, probably because I hadn't used it in a while.
So, fellow MSE users, has anyone else encountered this? Any advice or insights would be greatly appreciated. Let's navigate the credit card maze together!
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