Am I Eligible for a Credit Card?
Find out if You're Eligibile for a UK Credit Card
To apply for a UK Credit Card. you'll need to meet certain minimum requirements; some are obvious, some not so obvious and others depend on the type of credit card that you're applying for.
Here, we guide you through the common acceptance criteria of the card issues, giving you the maximum chance of obtaining the credit card that you want and making sure that you don't waste your time applying for cards that you are not eligible for.
You must be at least 18 years of age, to apply for a UK credit card. Some credit cards do set a higher age limit (see individual cards for specific age limits).
Permanent UK resident
To apply for a UK Credit Card, you'll need to be a permanent UK resident. Normally, this will exclude the Channel Islands and the Isle of Man. You need to provide your residential addresses for the last two years.
As well as being a UK resident, you'll also need to make sure that you are on the Electoral Roll.
UK Bank or Building Society Account
You'll probably be expected to have a UK Bank or Building Society Bank Account. The account will need to be in your name or a joint account where you are one of the named account holders.
Do you already have an account from the Issuer?
You cannot apply for a credit card that has already been issued to you i.e. you cannot have more than one of the same card. This restriction may also be extended to all of the cards that are provided by the same issuer.
If you've held the card in the past and have closed your account, you'll also need to wait for a period of time before reapplying, usually a period of 12 months.
Do you have a good enough credit history?
Different credit cards have different acceptance criteria and this includes your credit history. If you have no or poor credit history, then the types of credit cards that will be offered are limited and will have fewer features, a low credit limit and a typically higher APR. If you're unsure of your credit history, then you're able to get a copy from a credit reference agency. There's no point in applying for a Platinum Credit Card if you've got a bad credit history. If your credit history is to poor to apply for any credit cards, then you may want to look at Prepaid Cards; which offer many of the benefits of using a credit card but need to be loaded with cash before you spend and are usually available to anyone over the age of 14 regardless of their credit history.
Do you earn enough?
Some credit cards will require you to earn a minimum salary before you are eligible. Typically these will be branded as Gold or Platinum Credit Cards. Check the individual cards tht you're interested in to see if there are any salary requirements.
Do you have Internet Access?
If you're reading this then you probably do! Some issuers only provide account access via the Internet so you'll need to be able to gain regular access. You'll probably be required to supply an email address too.
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