Credit card advice

muffa2308 · 23 Jun 21, 07:28 PM

Hi,

My fiancée’s credit rating is not too good. Not terrible just average. We have heard if you get a credit card it will boost your credit score but will hurt it if refused. Is this true and to what extent if refused? We will be looking to get a mortgage in a year so want to be in a better place credit score wise. Any help would be appreciated.

Bondy007 · 23 Jun 21, 07:41 PM

There are credit cards that do a soft search (won’t affect score) to see if you’re eligible or not. Can’t remember which though, have a google. That way you’ll know before you apply properly.

Donz1979 · 23 Jun 21, 07:41 PM

Have a look on martin lewis website

MrsBrown · 23 Jun 21, 08:11 PM

Bank account credit cards might refuse but higher interest ones, like capital one (I think that’s what it’s called), might give one.
Can built up credit rating then switch.

MamatoFelix · 23 Jun 21, 08:45 PM

I use Clear Score to keep track of my credit rating. The app is really good and gives recommendations on how you can boost your rating.

You can also do a soft search for credit cards, it gives an eligibility percentage and lists any that are pre approved.

Money Saving Expert is also a really good resource for choosing a card and details all of the different types and current offers etc. You can get credit builder cards which are designed to help those with lower credit ratings, a lot of banks do them, the limit will be lower but might be worth looking into 😊

Guest · 23 Jun 21, 08:46 PM

Originally Posted by Donz1979

Have a look on martin lewis website

This. Moneysavingexpert
He has a section on credit building and how to do it, and pros and cons.
Also on credit building credit cards.

The forums on the site are also really informative too. People may be better placed to help you there possibly.