We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What do I do now?
LOOBYLOU_2
Posts: 2 Newbie
in Credit cards
I saw Martin a few weeks ago on his channel 5 show. I have a credit card balance of approx £5k with M&s, currently paying 18.9% interest.
I had already applied for an interest free rate card to use for purchases. When it was approved, the credit limit was really low, like £2.3k. I saw on this site the new Abbey Zero card and applied, my intention being to tfer the M&S balance to it, but to pay it off and put no more on the card.
We were refused the card by Abbey -my first time ever - does the fact that we have just remortgaged with them have a bearing on this?
Should I apply elsewhere for another card?
I don't want to have too many searches on my credit record.
Over to you guys - any advice or help appreciated.
I had already applied for an interest free rate card to use for purchases. When it was approved, the credit limit was really low, like £2.3k. I saw on this site the new Abbey Zero card and applied, my intention being to tfer the M&S balance to it, but to pay it off and put no more on the card.
We were refused the card by Abbey -my first time ever - does the fact that we have just remortgaged with them have a bearing on this?
Should I apply elsewhere for another card?
I don't want to have too many searches on my credit record.
Over to you guys - any advice or help appreciated.
0
Comments
-
We were refused the card by Abbey -my first time ever - does the fact that we have just remortgaged with them have a bearing on this?
Should I apply elsewhere for another card?
It could be LOOBYLOU or you may have to much available credit as a pecentage of income but the only people that really know are Abbey.
How many searches in last 3 months? if 4 or more wait awhile perhaps 6 weeks0 -
and get as much as you can shifted onto the card you did get! something at 0% is better than nothing.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards