Credit card transfer

deni100

I have about 800 pound on a natwest credit card. i desperatly need to switch to avoid paying interest, I have applied for a capital one card, but unsuccussful. i am in the middle of a house buy and wasnt sure if that would affect my credit score? Is there any cards with good balance transfer and 0% purchases at moment. and would my home buy affect it?

deni100

anyone?

GeordieBird

Hi Deni

I asked my friend who's a mortgage advisor about something like this...

I want to buy a house later this year and also want to get a 0% credit card to pay off another card, pretty much now. I asked him if the card was refused would it affect the mortgage application. He said it shouldn't do.

However, I would suggest that if you're unsuccessful applying for a card don't apply for any more, because the Capital One application *will* affect your credit rating.

Is it possible it was refused for another reason?

if_i_was_a_richman

Also if you use a card for a balance transfer never ever use it for purchases!!

Just look at this quote from the Balance transfers page by Martin

The most important warning about long term debt cards
There’s a hidden sting with these cards; if you spend on them, it’s at a high interest rate and can’t be repaid until all the cheap debt has been. They may try and tempt you with cashback or short term 0% deals on any spending; ignore it. The rule is simple; never, ever, ever, ever spend on these cards. If you do all the benefit will be lost. For a full explanation read the never spend on a balance transfer card section