Credit Card Application

bcjoynson

Hi

i am looking to apply for the Egg Money Card so that i can begin stoozing, but my question is, my partner and myself recently remortgaged, and not long before that i applied and gained the Capital One credit card for the purpose of cash back, is there any time limit that i should wait before applying for the egg card as i don't want to be refused, as far as i know my credit history is currently excellent, but with applying for these other items i didn't want to stitch myself up

thanks

Barry

darkblue_2

The credit 'footprint' generally lasts 2 years - if you are applying for credit, it's best to leave it 6 months otherwise lenders could see you as applying for many cards as a way to rip them all off and never repay them.

YorkshireBoy

darkblue wrote: »

The credit 'footprint' generally lasts 2 years

Credit "searches" (if that's what you mean?) stay on your file for 12 months.

if you are applying for credit, it's best to leave it 6 months

That's a very cautious approach. In my experience...

One per month
3/4 in one month, followed by 3-4 months of inactivity
10 per year

...are all acceptable levels of searching.

However, and this is the big one, we're all different. I have an excellent credit history of handling large amounts of available and used credit, whereas the OP has just re-mortgaged. Lenders may want to see that he can handle his new mortgage payments and may want to see 6 months or more of history following an "application type: mortgage" search being made.

Because Egg Money is so crucial to successful (fast) stoozing, it's best to apply with a tip-top credit file, rather than waste the application and have to wait 6/12 months to apply again.