Are BT 0% offers usually on new cards?

Nasqueron

kimwp said:

After giving up on getting good offers, I paid off about half the debt and  closed my NatWest and RBS cards in the last week - yesterday I logged onto the mse credit club out of curiosity to see what my score was doing and what balances it thought I have (some banks seem to take an age to update the credit agencies) - and I was pre-approved for 0% NatWest card!

Ignore the fake score
Ignore the pre-approved nonsense, it's false, they have no way of knowing that as they are not NatWest and don't have access to their systems

I closed a card with Santander and a few months later tried a soft check on their site and they said they couldn't offer a card at that time, I got one with them maybe a year or 2 later

kimwp

Nasqueron said:

kimwp said:

After giving up on getting good offers, I paid off about half the debt and  closed my NatWest and RBS cards in the last week - yesterday I logged onto the mse credit club out of curiosity to see what my score was doing and what balances it thought I have (some banks seem to take an age to update the credit agencies) - and I was pre-approved for 0% NatWest card!

Ignore the fake score
Ignore the pre-approved nonsense, it's false, they have no way of knowing that as they are not NatWest and don't have access to their systems

I closed a card with Santander and a few months later tried a soft check on their site and they said they couldn't offer a card at that time, I got one with them maybe a year or 2 later

Thanks Nasqueron, I'm just interested in what affects the number as it's been constant for the last 10+ years, so it's interesting seeing what makes it go up and down (mostly down with stoozing).

The pre-approved thing appears to be an agreement with the providers - maybe they allow mse access to approval criteria?

https://www.moneysavingexpert.com/news/2016/03/100-pre-approved-39mth-0-debt-shift-credit-rebuild-cashback--overseas-cards/

I mostly posted because l couldn't get a new 0 fee NatWest card when I still had one open (I think with the full credit amount they gave me, but zero balance), I closed it and a few days later I have approval for a new one.

Nasqueron

kimwp said:

Nasqueron said:

kimwp said:

After giving up on getting good offers, I paid off about half the debt and  closed my NatWest and RBS cards in the last week - yesterday I logged onto the mse credit club out of curiosity to see what my score was doing and what balances it thought I have (some banks seem to take an age to update the credit agencies) - and I was pre-approved for 0% NatWest card!

Ignore the fake score
Ignore the pre-approved nonsense, it's false, they have no way of knowing that as they are not NatWest and don't have access to their systems

I closed a card with Santander and a few months later tried a soft check on their site and they said they couldn't offer a card at that time, I got one with them maybe a year or 2 later

Thanks Nasqueron, I'm just interested in what affects the number as it's been constant for the last 10+ years, so it's interesting seeing what makes it go up and down (mostly down with stoozing).

The pre-approved thing appears to be an agreement with the providers - maybe they allow mse access to approval criteria?

https://www.moneysavingexpert.com/news/2016/03/100-pre-approved-39mth-0-debt-shift-credit-rebuild-cashback--overseas-cards/

I mostly posted because l couldn't get a new 0 fee NatWest card when I still had one open (I think with the full credit amount they gave me, but zero balance), I closed it and a few days later I have approval for a new one.

The wind changing direction. Pay off a loan and it'll go down because it's a change, that is all they react to.

Pre-approved is just a gimmick to get them commission, a soft check doesn't see your credit history so they cannot say it's approved, it'll be based solely on what they can see on a soft search and what you put in as income. I had a 100% pre-approved card that went to manual review and was rejected, just one of those things, got a different one a few months later no issues

Either NatWest have a rule simply that you don't have a card with them and can get one or you do and can't or the pre-approved is just a guess based on what you input and on a full check it'll possibly reject you. Try a soft check on the NatWest site as they're the ones who will make the decision.

kimwp

Nasqueron said:

kimwp said:

Nasqueron said:

kimwp said:

After giving up on getting good offers, I paid off about half the debt and  closed my NatWest and RBS cards in the last week - yesterday I logged onto the mse credit club out of curiosity to see what my score was doing and what balances it thought I have (some banks seem to take an age to update the credit agencies) - and I was pre-approved for 0% NatWest card!

Ignore the fake score
Ignore the pre-approved nonsense, it's false, they have no way of knowing that as they are not NatWest and don't have access to their systems

I closed a card with Santander and a few months later tried a soft check on their site and they said they couldn't offer a card at that time, I got one with them maybe a year or 2 later

Thanks Nasqueron, I'm just interested in what affects the number as it's been constant for the last 10+ years, so it's interesting seeing what makes it go up and down (mostly down with stoozing).

The pre-approved thing appears to be an agreement with the providers - maybe they allow mse access to approval criteria?

https://www.moneysavingexpert.com/news/2016/03/100-pre-approved-39mth-0-debt-shift-credit-rebuild-cashback--overseas-cards/

I mostly posted because l couldn't get a new 0 fee NatWest card when I still had one open (I think with the full credit amount they gave me, but zero balance), I closed it and a few days later I have approval for a new one.

The wind changing direction. Pay off a loan and it'll go down because it's a change, that is all they react to.

Pre-approved is just a gimmick to get them commission, a soft check doesn't see your credit history so they cannot say it's approved, it'll be based solely on what they can see on a soft search and what you put in as income. I had a 100% pre-approved card that went to manual review and was rejected, just one of those things, got a different one a few months later no issues

Either NatWest have a rule simply that you don't have a card with them and can get one or you do and can't or the pre-approved is just a guess based on what you input and on a full check it'll possibly reject you. Try a soft check on the NatWest site as they're the ones who will make the decision.

It does seem to drop on the flutter of a butterfly's wing.

How do you know a soft search can't see credit history? 

Mse said I was 100% likely to get the natwest, with a min guaranteed - the card is in the post with 4k above that min. But I appreciate that you had a different experience so will bear in mind not to assume it is accurate.

Nasqueron

kimwp said:

Nasqueron said:

kimwp said:

Nasqueron said:

kimwp said:

After giving up on getting good offers, I paid off about half the debt and  closed my NatWest and RBS cards in the last week - yesterday I logged onto the mse credit club out of curiosity to see what my score was doing and what balances it thought I have (some banks seem to take an age to update the credit agencies) - and I was pre-approved for 0% NatWest card!

Ignore the fake score
Ignore the pre-approved nonsense, it's false, they have no way of knowing that as they are not NatWest and don't have access to their systems

I closed a card with Santander and a few months later tried a soft check on their site and they said they couldn't offer a card at that time, I got one with them maybe a year or 2 later

Thanks Nasqueron, I'm just interested in what affects the number as it's been constant for the last 10+ years, so it's interesting seeing what makes it go up and down (mostly down with stoozing).

The pre-approved thing appears to be an agreement with the providers - maybe they allow mse access to approval criteria?

https://www.moneysavingexpert.com/news/2016/03/100-pre-approved-39mth-0-debt-shift-credit-rebuild-cashback--overseas-cards/

I mostly posted because l couldn't get a new 0 fee NatWest card when I still had one open (I think with the full credit amount they gave me, but zero balance), I closed it and a few days later I have approval for a new one.

The wind changing direction. Pay off a loan and it'll go down because it's a change, that is all they react to.

Pre-approved is just a gimmick to get them commission, a soft check doesn't see your credit history so they cannot say it's approved, it'll be based solely on what they can see on a soft search and what you put in as income. I had a 100% pre-approved card that went to manual review and was rejected, just one of those things, got a different one a few months later no issues

Either NatWest have a rule simply that you don't have a card with them and can get one or you do and can't or the pre-approved is just a guess based on what you input and on a full check it'll possibly reject you. Try a soft check on the NatWest site as they're the ones who will make the decision.

It does seem to drop on the flutter of a butterfly's wing.

How do you know a soft search can't see credit history? 

Mse said I was 100% likely to get the natwest, with a min guaranteed - the card is in the post with 4k above that min. But I appreciate that you had a different experience so will bear in mind not to assume it is accurate.

My wording should have been clearer:

Soft check - in theory they see your personal details, address, current open and closed accounts and some repayment history (including missed or late payments) plus IVAs/CCJs - it gives an idea of your eligibility

Hard check - a full and in-depth check of the report which will confirm if the eligibility was correct

The soft search will give a provisional answer, hence why a firm like MSE could suggest you are pre-approved based on criteria, but the credit firm will run the full hard check and that could then reject the so called pre-approved application 

clairbear_3

most balance transfer cards now come with a fee anyone tried getting a 0% on purchases card and passing it thru a card reader (1,69%) a cheap money transfer?

kimwp

clairbear_3 said:

most balance transfer cards now come with a fee anyone tried getting a 0% on purchases card and passing it thru a card reader (1,69%) a cheap money transfer?

Not sure what you mean by passing it through a card reader

Nasqueron

kimwp said:

clairbear_3 said:

most balance transfer cards now come with a fee anyone tried getting a 0% on purchases card and passing it thru a card reader (1,69%) a cheap money transfer?

Not sure what you mean by passing it through a card reader

I think they might be trying to get "pay" themselves via a card reader - basically make a "purchase" on the 0% card but as it's paying themselves, the purchase would really be putting cash into their bank hence a cheaper MT.

Seems very convoluted and the fees for a payment machine would have to be looked into to see if it would be profitable

kimwp

Nasqueron said:

kimwp said:

clairbear_3 said:

most balance transfer cards now come with a fee anyone tried getting a 0% on purchases card and passing it thru a card reader (1,69%) a cheap money transfer?

Not sure what you mean by passing it through a card reader

I think they might be trying to get "pay" themselves via a card reader - basically make a "purchase" on the 0% card but as it's paying themselves, the purchase would really be putting cash into their bank hence a cheaper MT.

Seems very convoluted and the fees for a payment machine would have to be looked into to see if it would be profitable

Ah I see! Thank you