I fear rejection if I reapply for my John Lewis credit card

2 weeks ago 59

I person had a John Lewis paper since the 1980s – archetypal erstwhile it was a store paper and then, erstwhile it changed, a recognition card.

It is my go-to method of payment, some successful and retired of store, and I wage disconnected the full equilibrium each month. I’ve been doing truthful for the past 40 years.

But, arsenic a effect of the institution changing its lender, it is asking holders to reapply and I’m acrophobic my exertion volition beryllium turned down.

My sister-in-law, who is retired and a longtime paper holder, was rejected and the Trustpilot tract is afloat of fearfulness stories astir applications being turned down, oregon spending limits cut.

Last year, I gave up a occupation with a six-figure income, sold my location and moved retired of London. I americium 2 years beneath authorities pension age, but person ordered my finances truthful my spending powerfulness is greater than my thirtysomething daughters.

If I apply, and americium rejected, volition it impact my recognition rating?

TM, Eastbourne

Your missive is 1 of a fig from John Lewis paper holders who person encountered problems arsenic it switches lender from HSBC to NewDay – a process that requires customers to reapply and taxable to a recognition check.

You were truthful acrophobic a failed exertion would little your recognition people you person decided not to apply.

However, it would person been good to spell done the archetypal eligibility cheque which would person told you the apt result of the application. It involves a “soft search” and would not person had an interaction connected your recognition score.

If you passed this hurdle, and proceeded to the afloat application, astatine this constituent a “hard search” would amusement up connected your recognition file.

John Lewis says NewDay has a regulatory work to measure each customer’s creditworthiness and says 96% of those who person applied to day person been accepted.

Social media and property reports archer a antithetic communicative arsenic antecedently high-spending customers rage astatine being turned down oregon fixed tiny spending limits.

Other readers were aggravated that applications are online and necessitate a mobile telephone for information purposes. They besides question the determination to halt accepting outgo by cheque oregon implicit the counter.

John Lewis says utilizing a mobile for authentication purposes protects customers from fraud, and the determination to halt accepting the different outgo methods is due to the fact that of a deficiency of demand.

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