Applying for a loan
There may come a time in your life when you want, or need, to make a particular large purchase, but you might not have the spare cash to make it happen straight away.
In many cases, a credit card with a long-term interest-free promotional period could be the answer, by helping you spread the cost of large purchases. But equally you might already have a credit card with a balance you'd like to transfer, so as to cut the interest you're paying.
Getting a dual credit card from your bank or a specialist provider could combine your two priorities in one fell swoop.
A dual card offers deals on any purchases made online or in store, and on balance transfers - where you can move your debts across from existing credit cards.
Applying for a dual card is pretty straightforward - the most common ways are online or in person at a bank branch. However, you may well want to check that you are eligible first, as lenders have specific criteria.
Every time you apply for credit, a lender will verify your ID and carry out the necessary fraud and credit checks. This will make a 'hard check' of your credit history.
Too many applications can damage your credit rating, so it's worth visiting a price comparison site before actually making the application. Soft searches look at your eligibility and give you a steer on which cards you are more likely to be successful with, but they don't leave a footprint on your credit report that is visible to lenders.
Then once you have your new dual card in your hand, you can take control of your finances or make that big purchase.
Before you apply for a credit card, use our comparison service - it can show you the personal loans and credit cards you're more likely to be accepted for and only leaves a 'soft' search on your credit report, which isn't seen by lenders. So it doesn't affect your credit score at all.
As a credit broker rather than a lender†, Experian uses your credit information, as well as information you provide about your requirements and financial circumstances, to show you personal loans and credit cards that are matched to you. This means you can see a personalised list of credit cards and personal loans that you are more likely to be accepted for, without affecting your credit score.
We are a credit broker not a lender†
With the free Experian account you’ll get: