100% Pre-approved You'll get this offer subject to final lender checks

FrankRizzo

Hello,

I currently have a Lloyds 21 months 0% interest free spend card. 

I have maxed out the credit limit and looking to get another 0% spend credit card.

I completed the Credit Club eligibility checker and surprisingly it says that I am 100% Pre-approved You'll get this offer subject to final lender checks for another Lloyds credit card for 21 months 0% interest free spend card.

Does anyone know if it's possible to get the same deal twice across more than one credit card under my name? Or do you think it's flagged "offer subject to final lender checks"?

Any help appreciated.

Thanks

Mihhail

Hi,

I was in same position, got offered 2nd Lloyds card, and it was approved and arrived.

It has a smaller credit limit though, but same lender, ie Lloyds

prowla

100% pre-approved, subject to approval doesn't sound like pre-approved to me!

Jami74

Do the Lloyds eligibility checker in their app.

DullGreyGuy

FrankRizzo said:
Does anyone know if it's possible to get the same deal twice across more than one credit card under my name? Or do you think it's flagged "offer subject to final lender checks"?

It varies by card issuers, certainly some do allow multiple cards with the same/similar offers. Others won't allow you have more than one card irrespective of offers or not. 

Can't say I've ever looked into Lloyds but others seem to suggest they do.

Volcane

You can up to five credit cards with Lloyds Banking Group ( Lloyds, Halifax, Bank of Scotland, MBNA ) but no more than two with anyone of those groups.

Subject to eligibility of course.

CliveOfIndia

Yes, anecdotally Lloyds will allow you to have 2 cards with them.  Obviously any new application will be subject to their standard eligibility checks, so there's no guarantee that any one individual would be approved.

The "100% guarantee" claimed by Credit Club is, at best, a very rough guesstimate on their part.  Any third-party aggregator will only look at what might be termed the "common" criteria used by the majority of lenders.  But since they're not privy to a particular lender's full list of criteria, there's absolutely no way they can guarantee that you'd be accepted by any particular lender.

It's probably worth highlighting, you need to have money set aside to repay the current card when the 0% promotional rate expires.  You may be able to transfer the balance to another card, but there's absolutely no guarantee you'd be accepted for a BT card when the time comes.

retiredbanker1

You may well get 2 Lloyds Credit cards but they may (I say this because someone will come along and disagree) not do a balance transfer between them.

This is in case the OP wanted to attempt them.

th081

Your 100% pre-approved to encourage you to apply, if they don't like the look of your credit history and profile they will offer you a very low credit amount.