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Quick question about application for a new CC
ferry
Posts: 2,010 Forumite
in Credit cards
Just out of interest,how much influence does a balance transfer have in the application of a new CC?
Are you more likely to get accepted if you have a BT to transact than if you dont.??
Just wondering..?
Ferry
Are you more likely to get accepted if you have a BT to transact than if you dont.??
Just wondering..?
Ferry
:j
0
Comments
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I have yet to come across any CC issuer that ask whether you want to do a balance transfer during the application process. Even if they do it shouldn't have any impact on the outcome of their lending decision.0
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I doubt whether it affects your chances of acceptance but, in some cases (eg. Capital One), it may influence the credit limit you're handed.
IMO, it's best to keep your options open and leave the balance transfer section of your credit card application blank or, if asked, state you may be interested.
An horrendous story involving LTSB and Capital One was posted on this board last year. Incompetence on this scale is fortunately rare but, for peace of mind and to avoid unwanted partial transfers, it's better to wait until safe receipt of your card & credit limit. Then request your BT(s) by phone when you call to activate your new card. There's usually a Freefone number for this.People who don't know their rights, don't actually have those rights.0
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