Take a look at our comparison table for the best balance transfer cards to suit your needs.Ĭan I have more than one card by the same provider?Īpplying for a credit card by the same issuer doesn't just pose a restriction on balance transfers. You can look at the cards with the longest 0% period, no upfront fee, or flexibility with long 0% periods for purchases and balance transfers. The best balance transfer card depends on what you want from a card. Who provides the best balance transfer cards?įortunately, if you're seeking to transfer your balance, you have quite a few options, whoever owns your card. For example, you might be able to get a NewDay credit card with Aqua, but they also provide store cards for Amazon. However, it’s worth noting that many banks, even under the same banking group umbrella, offer different services and can often be very different from one another. Who owns Aqua credit cards? Who owns Chrome credit cards? Who owns the Post Office credit cards? With lesser known brands and famous retailers, it can be even more confusing. Understandably there can be a lot of confusion about who owns your credit card, and what the rules are around that. When switching your credit card provider, especially in the case of taking out a balance transfer or transferring debt from one credit card to another, there is no point in applying to a banking group with whom you already have a credit card. This is important to know if you want to switch your credit card. While NewDay looks after brands such as Aqua, Bip, Fluid and Marbles. This might be because they want to reserve their other cards for 'new customers'.Īn if you have one credit card for less than six months, and then apply for another from the same provider, you may get turned down too.įor example, the NatWest group controls RBS and NatWest banks and their credit cards. Secondly, some banking groups will not allow you to have more than one credit card from their range at the same time. Many banks and their various products, such as credit cards and current accounts, come under the umbrella over a wider banking group. Knowing who owns your credit card can improve your chances of successfully getting credit by making sure you do not apply to a financial services company with whom you already have a credit card.įind out how to improve your credit rating and your credit score Who owns your credit card? In addition, some banking groups will not allow you to have more than one credit card from their range at the same time. However, what many people do not realise is that you might be turned down for a new credit card if you already have a credit card with a bank in the same banking group.įor example, balance transfer credit cards, which offer 0% interest for long periods, will never let you transfer a balance between the same credit card provider. You can improve your chances of having your credit card application approved by making sure you are on the electoral register, your credit score is good, and you are not making lots of applications for credit in a short period of time. These include your credit rating, your financial history, how much you are borrowing already, your age and whether you have any bad credit in your past. When you apply for a credit card, lenders take a number of factors into account. How can I successfully apply for a credit card? Give yourself the best chance of having your credit card application accepted by understanding who owns your credit card and why this matters.
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