How Do I Get My Credit
Card Back?
Simple Steps to Get Your Credit Card Back
If a shop, restaurant or trader asks you
for a credit card and you say you don’t use one that’s when the funny
looks start. This answer almost implies that you used to have one, but
you had ‘the snip’ (no, the other one, where the credit card company
tell you to cut the card in half and post it to them). Cutting your
dearest friend in half is now the biggest serial killer of all time.
Loosing your cards is a double blow: you
cannot use credit to buy, and you are now limited to where and what
you can buy. Going on holiday in today’s world is unthinkable without
your precious card (this does not stop the millions of British
holiday-makers each year who only know cash and would not have it any
other way).
Accessing the Internet, until lately, was
the realm of the cardholder: and certainly the realm of the bank
account holder. Buying goods or services on the net is very much
geared to the card user.
The point that I am trying to make is that
a credit card is a part of our daily life that gives you the widest
choice of goods and services, and therefore, the most competitive
price. And that it is too easy to criticise the down side of a card
when you have a lot of debt, and also complain that the marketplace
favours the use of credit cards: cash is dying and will become more
expensive to obtain and use.
If you have ‘lost’ your cards, and you are
desperate to get one, there are a number of ways to increase your
chances of getting one. One of these measures is not to use the
companies that advertise, ‘lose all your debts, start afresh with a
new bank account and credit card’: unless the Bank of Antarctica is an
accepted card in your local supermarket!
Disclaimer : Any similarity to the real
Bank of Antarctica would be a surprise!
The first option is to resurrect a card
that you may be paying off at present. If you had a good relationship,
up to a point, with your credit card company and your reasons for your
debt problems are explainable (other than ‘I could buy lots of things
I couldn’t afford’) then you have every reason to be upbeat. The first
thing to do is to pay as much as you can for a sustained period, until
you have a balance of at least half of your last card limit.
Write to the company and explain:
what caused your problems (you may as well
be honest),
what you have been trying to do to get the
debt reduced (no new debt, no holidays, working hard),
what your situation is today (no other
major debts, situation in control etc),
why the situation is unlikely to reoccur
(got rid of other half, have a good full-time job, older and wiser).
They may reply,
that you need to reduce the balance
further: ask how low,
they may say re-apply in six months:
better than ‘no’, and a good sign,
they may want to only allow you a £500
limit, from an original £2500: that’s OK.
Whatever conditions they set, you know
that it’s a second chance and that you’re back in the real world.
Another way to further your chances of
getting a credit card is to start afresh with a new bank account and
with a ‘reasonable’ deposit – this should ensure your acceptance. Do
not apply for a card before six months: this is a banks usual minimum
period for all customers, and you do not want to be seen to be
desperate. If you are rejected at the six-month stage, go through the
above scenario: I’m a changed person etc.
A final option is to get married to a
cardholder and have a joint card – it’s not the same as having your
own card, but it’s a start.
Remember that a credit card is a
responsibility and a very useful tool if handled correctly. If you
believe that cash keeps you sane, then forget the card and find ways
to get the same goods/services that cards offer.
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