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I applied for the paid version of the BA one mainly due to the 60k Avios points deal. However was rejected this evening and looks like it’s due to my credit score being reduced. It’s around 600 mark. Was 700 previous month.
I have recently got accepted for a mortgage. But I also have one account in positive credit due to a mess up with my direct debt which I’m worried has negatively impacted me.
Has anyone ever got rejected and after speaking to Amex over the phone been accepted later on?
Or will I have to wait for the next 60k deal (which will probably be October / November?).
Any advice is much appreciated. I had already had a plan in place to spend the 3k 🙈 to maximise my Avios points.
Each lender will use their own affordability checks and they might use one or more credit agencies and they all have different parameters to evaluate you. Did you do an eligibility check before applying on the Amex website? It usually tells you how likely you are to get the card.
I did apply for the card after getting my mortgage for my first home through, though I already had another Amex and never saw another hard search in any of the three credit reports. If you changed address recently as well – which was my case, I had an issue with identity verification in a bank switch I did shortly after moving because there was not enough data about me in the new address. So that could be the case? For my Amex application I had to give them some proof of address and then everything went through. For the bank switch I went to the branch and showed my ID.
With regards to the negative impact you think you might have, is suggest looking into detail from all the three agencies (experian is the only one you need to take a free trial to check in depth analysis) and see if they mark it as a negative impact.
My score’s 679 on ClearScore but I was accepted. I don’t think scores matter that much in the UK, and if the reps say it’s an issue with your score, I feel like it’s to make it easier to understand than saying it’s your report.
Might be more to do with your recent application with your mortgage.
I’ve got a 0% purchase card that’s 94% utilised and I was still accepted with a score of 679. This is the highest score I’ve gotten on ClearScore, as I was accepted for the Platinum Cashback Everyday and the Gold card with a score of around 550.
Each lender will use their own affordability checks and they might use one or more credit agencies and they all have different parameters to evaluate you. Did you do an eligibility check before applying on the Amex website? It usually tells you how likely you are to get the card.
I did apply for the card after getting my mortgage for my first home through, though I already had another Amex and never saw another hard search in any of the three credit reports. If you changed address recently as well – which was my case, I had an issue with identity verification in a bank switch I did shortly after moving because there was not enough data about me in the new address. So that could be the case? For my Amex application I had to give them some proof of address and then everything went through. For the bank switch I went to the branch and showed my ID.
With regards to the negative impact you think you might have, is suggest looking into detail from all the three agencies (experian is the only one you need to take a free trial to check in depth analysis) and see if they mark it as a negative impact.
I didn’t even know there was an eligibility section on the website. I went through it and weirdly it said I would be fine for the card I applied for?? Gave me a 9.5/10 score.. so very odd!
Might just wait for the letter in two weeks time to see what the reason for the rejection is. I might have inputted something wrong on the original application. Or it’s my recent mortgage which has put them off me. Who knows.
I only have a gold card and my partner has the BA free one which I’m a secondary account holder.
If you call them they may well tell you to do something such as closing the gold card or reducing the credit limit, then re-apply in 60 or 90 days (can’t remember exactly which). They are being much more strict about declining applications and closing down people’s accounts these days, as evidenced by several examples here!
… due to my credit score being reduced. It’s around 600 mark. Was 700 previous month.
Notwithstanding that this number is just window-dressing on the part of the credit agency, that’s quite a big change in a single month (based on my own experience, at least). It’s worth going over your full report in detail, if you haven’t already, just in case there’s something there you don’t recognise. Although, on the other hand…
I have recently got accepted for a mortgage.
…if you mean that you now have a mortgage on your credit report when you didn’t before, then that’s probably the explanation.
But I also have one account in positive credit due to a mess up with my direct debt which I’m worried has negatively impacted me.
By “positive credit”, you mean you have overpaid? If so, I _think_ that’s visible on your credit report but I’d really doubt it’s had any effect at all, and certainly not a significant one. After all, negative balances happen routinely from time to time if purchases get refunded just after you’ve paid a bill.
In terms of your relationship with that specific card provider, it’ll very likely be against the T&C’s of your account to _deliberately_ put it into credit, and it might look particularly suss if you make purchases which you couldn’t have made (e.g. would have exceeded your credit limit) if it wasn’t for this overpayment. However, I would tend to assume they can see the difference between “up to funny tricks” and “accidentally paid the bill twice”. If you’re really worried about it you could always phone them up, explain what’s happened and say you’d like the overpayment back.
I did live chat to get the positive balance issue fixed which was quite easy.
I am tempted to ask them to either close / reduce my balance for the gold card. As I’ve used the offer now and don’t really use it that much to be frank.
I did recently close a credit card account for Barclays to reduce the amount of credit cards I hold to make life easier. Add in the mortgage maybe combined this put them off me.
I wonder if the letter they send actually has any meaningful detail or if it’s just a very standard letter to all who are refused.
You should avoid taking out any new credit until your mortgage closes.
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