About My Vanquis Credit Card Applicationa Advice Plz

Niteflyer

Heddwen wrote:

Hi its ok I never seem to make much sense on these boards LOL!

Ill try to explain what I mean. I applied to them direct without being sent a special offer letter or anything. I asked on here for advice and someone told me to try Capital One, so with much thought, I did.

They were offering to accept me with a starting credit limit of around £2,000 but I refused and asked them to reduce it as all I wanted was a card for emergencies and to purchase stuff on the web (e-bay / paypal etc) and over the telephone (theatre tickets etc). Mainly due to the fact my bank refuses to upgrade my account and allow me the use of a Debit Card and Chequebook!

They understood and asked how much I wanted so I suggested £200 as I knew I could repay this back as previously explained without too much of a struggle without falling behind too far with other financial comitments. I have not ever reached £200 limit therefore it has been quite easy to keep a track of spending. Especially when I immediately put the money in the repayment pot. In effect I do generally try to follow this rule of if you cant afford it now dont have it.
Although sometimes its unavoidable say for example its a week till 'pay day' and we have no food in the house!

They recently increased my credit limit without me requesting it. It was a shock to me to receive my latest statement and find I had so much extra to 'spend'.

I am currently contemplating whether to request a decrease or keep hold of the limit as I also need a regular repayment to pay a bill but my bank account wont be able to cope with the 1 big payment each month. However if I can 'save' each week I can afford the monthly repayment. Hence I could use the credit card to pay the monthly £180 bill and put by in the pot £45 a week. If that makes sense? Alternatively if I find one week I cannot make up the £45 then I can put it on the credit card and make up for it later?

Alternatively I can try and acquire another credit card with a different place and use this to set up the regular payment, I can request a £200 limit and keep a tight control for sole use. Trouble is no one ever aproaches me with special introductory offers. The credit card world is a minefield to me!

Hope this makes better sense now?

Sorry if I dont!

Heddwen

Ahhhhhhhhhhhh, and the mist has cleared

Much clearer, Thanks

Matt

tattooed_lady

Hi Heddwen :wave:

Maybe Vanquis are curious as to why you would want a card with them when you already have a capital one with a decent limit and better interest rates? Let us know when you get your decision

Heddwen_2

Well actually I havent applied to Vanquis yet for a card. My husband has one though, but I dont fancy the interest rate!

I will let you know if I apply. Its looking for a good card that will look after me and be as flexible as Capital One thats the problem!

Thanks



H

tracy1234_2

Hello,

I have applied for vanquis card in July but still heared nothing. Called them last week they said they have sent me letter. Can original poster tell us whether he recieved letter??

Thanks.