Hi Kath, thanks for your message and sorry to hear about your partner. In terms of your credit card application, the banks keep their internal approval criteria very close to their chest and very rarely let you know why you were declined. You could try calling the bank and asking for more information but they will usually point to internal eligibility processes. Might be best to order a copy of your credit file, find a credit card that has a lower income threshold and chat to them through any concerns you have. Good luck and let us know how you go!
Hello, So today I was looking for credit cards to apply (pretty much just trying) and I found two that I might have been eligible for. It's a ridiculous situation, but I filled out one application but before I submitted I wanted to go back to another option, and decided to apply for that instead. It got rejected so I went back to the other application to close it, and I have no clue why I accidentally submitted it. While I assumed it did hurt my credit score, I was just wondering how badly it is affected now. It was probably excellent before so I wanted to see if I have just ruined my life or not. Hahh. Thank you.
Hi Ren, thanks for the information and a very valid concernt. Indeed applying for multiple credit cards at the same time, especially when rejected, will affect your score. I would suggest getting a to check what happened to your credit score, and calling the bank to discuss your alternative options. Best of luck!
Hey Roland, I have good credit at 853 and I applied for a credit card they declined me to my surprise, I am after rewards card for everyday use, and want to close my other credit card, how soon can I apply for a different provider with good credit rating?
Hi Stacy, thanks for your question and sorry to hear about your declined application! First of all, any credit card application, may it be approved or not, will impact your credit score. Most banks will consider it a red flag if they see multiple applications for credit in a short period of time. Different credit cards have different eligibility requirements but evidence suggests applying for a new card once a year or a few months after the last application. If after a few months you are ready to apply for a credit card, the first thing you should do is to check your credit score online for free. Hope this helps!
0.99% on balance transfers for 28 months
A low-cost card overall with one of the longest balance transfer terms around. Includes a low annual fee, up to 55 days interest-free on purchases and a free additional cardholder.
• The annual fee is charged in the first month.
• You only pay the minimum monthly payment of your overall balance each month.
• You do not spend or withdraw cash on the card until the balance transfer period ends or is paid in full.
• All other fees and charges that may apply are excluded. When there is no interest savings or a negative interest saving after the introductory period, the calculator will display $0.'> $ 0 saved over 28 months
No BT fee applies. Low ongoing purchase rate at 13.99% p.a. Up to 55 days interest-free on purchases plus free additional cardholder.
Earn up to 100,000 bonus Qantas Points
Get 70k when you spend $3,000 within the first 3 months, plus 30k when you haven’t earned Qantas Points with a credit card in the last 12 months. 0% p.a. on balance transfers for 12 months with a 2% BT fee. Save 20% on flights for you and 8 friends. Complimentary travel insurance.
• The annual fee is charged in the first month.
• You only pay the minimum monthly payment of your overall balance each month.
• You do not spend or withdraw cash on the card until the balance transfer period ends or is paid in full.
• All other fees and charges that may apply are excluded. When there is no interest savings or a negative interest saving after the introductory period, the calculator will display $0.'> $ 0 saved over 12 months
Earn 70,000 when you spend $3,000 within the first 3 months, plus 30,000 when you haven’t earned Qantas Points with a credit card in the last 12 months. 0% p.a. on balance transfers for 12 months with a 2% BT fee. Discounted annual fee for the first year.
Earn up to 100,000 bonus Qantas Points
Get 70k when you spend $3,000 within the first 3 months, plus 30k when you haven’t earned Qantas Points with a credit card in the last 12 months. 0% p.a. on balance transfers for 12 months with a 2% BT fee. Save 20% on flights for you and 8 friends. Complimentary travel insurance.
• 30 days is indicative of 1 month • Point caps are reset every statement period, which we have also assumed to be 1 month • There is a fixed monthly spend for 365 day. • Your monthly spend is multiplied by the earn rate for that 12 months. • You’ll be getting the highest earn rate for spending (if the card has tiered earn rates). • Points capping is factored in, if applicable, as is any sign-up bonus. Bear in mind though, terms and conditions always apply to points earning and sign-up bonus points.'> points earned over 12 months
Earn 70,000 when you spend $3,000 within the first 3 months, plus 30,000 when you haven’t earned Qantas Points with a credit card in the last 12 months. 0% p.a. on balance transfers for 12 months with a 2% BT fee. Discounted annual fee for the first year.
Capped at $10,000 per statement, then 0.5 pts per $1Qantas Frequent Flyer
first year then $399 p.a.Qantas Frequent Flyer
over 12 months spend 50% Complete (success)CreditCard.com.au Pty Ltd
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General Disclaimer: We compare over 250 credit cards in the Australian market. While we don’t compare all credit cards available, we do compare a large number of credit cards generally available to consumers. Please understand that the product information we include in our comparison is not comprehensive and may not address all the features relevant to you. Even though we provide information and assistance on credit cards in Australia, we are neither recommending that you apply for any particular product nor suggesting that any particular product is appropriate for you. We recommend that you consider your own personal circumstances, read the provider's Product Disclosure Statement (PDS) and Target Market Determination (TMD), or obtain independent advice, before transacting on the basis of the information on our site. Interest rates, fees and charges are subject to change without notice. Although reasonable efforts are made to maintain accurate information, product features and fees are subject to change and our information is presented without warranty. On this website, we provide credit assistance and act as an intermediary and we may receive a commission when credit cards are applied for as a result of the outbound links on this site. When you click on the ‘Go to offer’ button you will have an opportunity to review the credit card terms and conditions on the credit card issuer’s web site before applying. For clarity, we’d like to emphasise that the use of terms ‘Best’ or ‘Top’ are not product ratings and, like your use of our website, are subject to our Terms and Conditions of Use.
• The annual fee is charged in the first month.
• You only pay the minimum monthly payment of your overall balance each month.
• You do not spend or withdraw cash on the card until the balance transfer period ends or is paid in full.
• All other fees and charges that may apply are excluded. When there is no interest savings or a negative interest saving after the introductory period, the calculator will display $0.'> Filter your savings
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