Free £28 cashback with Quidco for applying for AA Credit Card

£28 cashback just for applying for and getting accepted for an AA credit card. Just got mine - plan not to use it and to cancel once cashback is paid...

please read small print at Quidco - some of which is below...

To apply for the AA Credit Card please check you can answer yes to the qualifying criteria: # I am currently employed # I am a UK resident and can prove residential addresses for the past two years # I am a homeowner # I have an income of over £20,000 # I have not applied for an MBNA or Virgin Credit Card within the last 6 months # I am over 21 years of age # I dont have any recent credit defaults, county count judgements (CCJs) or been made bankrupt

11 Comments

Signing up and cancelling cards will affect your credit rating ?

The small print seems rather extreme. I've taken out 4 credit cards since retiring (with pension) with no trouble at all, but seemingly I wouldn't be allowed the AA card (not currently employed).
Just to demonstrate my age I can remember when credit card companies were paying us to transfer our outstanding balance to their cards - typically a 5% rebate. Now there's a 3% fee.

Banned

deanos;8198483

Signing up and cancelling cards will affect your credit rating ?



No... why would it?

Only affect your credit rating maybe if you get declined.

Original Poster

deanos;8198483

Signing up and cancelling cards will affect your credit rating ?



Having too many cards can, but to be honest I do this all the time and have never had any problems - I've learnt to cancel the card so it doesn't look like I have too many, and I've never been turned down - have had all kinds of free stuff...

I guess my credit rating is good anyway, but I'm not a massively high earner, just pay everything off every month so no outstanding debts except for the mortgage

A credit check automatically moves you down a scale, so if you applied for 4 cards it takes you down 4 notches. Using a card and paying it off raises your rating so use it for something small and pay it off, as soon as quidco comes pay it off and cancel.

Original Poster

thanks - clearly I'm balancing out somehow!

diGriz;8199433

A credit check automatically moves you down a scale, so if you applied … A credit check automatically moves you down a scale, so if you applied for 4 cards it takes you down 4 notches. Using a card and paying it off raises your rating so use it for something small and pay it off, as soon as quidco comes pay it off and cancel.



i have no idea where you get this information re 'notches' :? but it s not accurate - i work for experian - trust me!

credit ratings depends entirely on what the individual company rate you on - you can have a high rating with one company and be declined by another.
credit reference companies hold information only - not judgements, the companies make these themselves.
a credit check will usually (not always) show up on your credit search, if there are a lot of searches in a short period some companies will decline you - one or two is fine or more spread over time.
like the previous poster said as long as you cancell unused cards, your fine - showing 10 credit cards with available credit/no use can be a good or bad thing, depending on what the company checking value - but generally it puts them of giving you more credit
hope that clarifies/helps

diGriz;8199433

A credit check automatically moves you down a scale, so if you applied … A credit check automatically moves you down a scale, so if you applied for 4 cards it takes you down 4 notches. Using a card and paying it off raises your rating so use it for something small and pay it off, as soon as quidco comes pay it off and cancel.



I have three cards already (long story... cancelling a couple soon) and applied for the Post Office one the other day but they didn't give me an immediate decision.

Saw this offer on Quidco and thought I'd give it a whirl and got accepted immediately, £3000 credit limit and Quidco tracked the next day.

Quote
I have an income of over £20,000 ???????
mmmmmmm..............NO

pinkmelonsmr2;8203195

QuoteI have an income of over £20,000 ???????mmmmmmm..............NO



It's normally a combined household income. I think this card is MBNA. If you hold many MBNAs they may refuse.
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