AA Credit Card - Calculations?

williamblah · 06-04-10, 05:35 PM

Ok, for some calculations I am writing up, I need to know a ball park figure for what percentage of sign ups will actually be accepted for the AA Credit Card.

I'm looking for a really ball park figure, I have absolutely no experience with credit cards, and as I'm a student, I was turned down for it. I have no idea whether it is 10%, 50% or 90%!

Also, do you have to do anything after the sign up, or can you just keep the credit card, and not use it, and therefore not pay anything..?

Harvez · 06-04-10, 05:37 PM

The more credit cards you sign up to and get refused the worse it makes your credit rating.

williamblah · 06-04-10, 05:39 PM

Quote:

Originally Posted by Harvez

The more credit cards you sign up to and get refused the worse it makes your credit rating.

Oh **** yeh, I better not mess around too much!

But I mean for my potential referrals...

grabrail · 06-04-10, 05:56 PM

There is no real way of guessing this, as every application is different, and assessed individually.

You may get 10 people with really poor credit ratings apply, and get turned down, but you may also get 10 people with great credit rating apply and all get accepted. It all depends on the 'risk' the banks think you are.

The only stats you could use is to try and find some past information regarding how many people have applied and been succesful say for 2009, then make a projection from that.

But good luck with that

williamblah · 06-04-10, 06:08 PM

I know that, but I literally want a reaaaally ballpark figure for an average person.

My estimate would be between 30-50%, so 40%. But I don't have a clue, that was just plucked out of thin air! I was just wondering if someone who had slightly more knowledge on the subject could give me a slightly better ballpark figure.

Cheers though!

ainsleee · 06-04-10, 10:46 PM

How do I find out my credit rating? Also will having a student loan make my credit rating worse.

Sorry to go a bit off topic.

grabrail · 07-04-10, 06:49 AM

you can get a free credit report from experian. I think this includes your credit rating.

williamblah · 07-04-10, 12:06 PM

Oooh I'll do it on points.FJ and then I'll get a few points as well!

williamblah · 07-04-10, 12:24 PM

I couldn't find an actual rating anywhere on there...

No they charge £5.99 for you to get your rating.

hamd01 · 08-04-10, 02:55 PM

I really dont like the AA offer. I completed it myself, and went through the online application. At the end of the entire process a message came up saying that they would phone me shortly as the required more information.

They never did phone me, but a few days later my CC arrived in the post.

The offer didnt track as completed, and I spoke with Richard (fj) who said that it hadnt tracked because the application hadnt completed online. Obviously no fault of FJ.

The cynic in me says that just by displaying the message "we need to contact you for more information" they have got-out of having to pay any commision to freebiejeebies. They didnt contact me, they just sent me a Credit Card in the post. Wonder how many of my potential greens have also had this problem.

06-04-10, 05:35 PM	#1
williamblah iPod 60gb Join Date: Sep 2009 Location: Colchester, Essex Posts: 1,898	AA Credit Card - Calculations? Ok, for some calculations I am writing up, I need to know a ball park figure for what percentage of sign ups will actually be accepted for the AA Credit Card. I'm looking for a really ball park figure, I have absolutely no experience with credit cards, and as I'm a student, I was turned down for it. I have no idea whether it is 10%, 50% or 90%! Also, do you have to do anything after the sign up, or can you just keep the credit card, and not use it, and therefore not pay anything..? __________________ >> GET 2 FREE GREENS << with the FJ Sports ~~ CONGA! ~~

06-04-10, 05:37 PM	#2
Harvez Mini Mac Join Date: Nov 2006 Location: l33dz Posts: 9,488	The more credit cards you sign up to and get refused the worse it makes your credit rating. __________________ Freebiejeebies \| Free iphone \| Free Blackberry \| Free Wii U \| Free laptop Someone once said "Life is what you make it", I disagree sometimes life makes you into what you are.

06-04-10, 06:08 PM	#5
williamblah iPod 60gb Join Date: Sep 2009 Location: Colchester, Essex Posts: 1,898	I know that, but I literally want a reaaaally ballpark figure for an average person. My estimate would be between 30-50%, so 40%. But I don't have a clue, that was just plucked out of thin air! I was just wondering if someone who had slightly more knowledge on the subject could give me a slightly better ballpark figure. Cheers though! __________________ >> GET 2 FREE GREENS << with the FJ Sports ~~ CONGA! ~~

06-04-10, 10:46 PM	#6
ainsleee Mini Mac Join Date: May 2008 Location: Sandfields, Port Talbot Posts: 4,094	How do I find out my credit rating? Also will having a student loan make my credit rating worse. Sorry to go a bit off topic. __________________ Free Christmas Gifts \| iFreebies - The Apple Freebie Blog \| Interwebz [IMG][/IMG]

07-04-10, 12:06 PM	#8
williamblah iPod 60gb Join Date: Sep 2009 Location: Colchester, Essex Posts: 1,898	Oooh I'll do it on points.FJ and then I'll get a few points as well! __________________ >> GET 2 FREE GREENS << with the FJ Sports ~~ CONGA! ~~

06-04-10, 05:56 PM	#4
grabrail iBook Join Date: Dec 2006 Location: Nottingham Posts: 2,325	There is no real way of guessing this, as every application is different, and assessed individually. You may get 10 people with really poor credit ratings apply, and get turned down, but you may also get 10 people with great credit rating apply and all get accepted. It all depends on the 'risk' the banks think you are. The only stats you could use is to try and find some past information regarding how many people have applied and been succesful say for 2009, then make a projection from that. But good luck with that

07-04-10, 06:49 AM	#7
grabrail iBook Join Date: Dec 2006 Location: Nottingham Posts: 2,325	you can get a free credit report from experian. I think this includes your credit rating.

07-04-10, 12:24 PM	#9
williamblah iPod 60gb Join Date: Sep 2009 Location: Colchester, Essex Posts: 1,898	I couldn't find an actual rating anywhere on there... No they charge £5.99 for you to get your rating. __________________ >> GET 2 FREE GREENS << with the FJ Sports ~~ CONGA! ~~ Last edited by williamblah; 07-04-10 at 12:25 PM..

08-04-10, 02:55 PM	#10
hamd01 iPod Nano 1GB Join Date: Mar 2010 Posts: 97	I really dont like the AA offer. I completed it myself, and went through the online application. At the end of the entire process a message came up saying that they would phone me shortly as the required more information. They never did phone me, but a few days later my CC arrived in the post. The offer didnt track as completed, and I spoke with Richard (fj) who said that it hadnt tracked because the application hadnt completed online. Obviously no fault of FJ. The cynic in me says that just by displaying the message "we need to contact you for more information" they have got-out of having to pay any commision to freebiejeebies. They didnt contact me, they just sent me a Credit Card in the post. Wonder how many of my potential greens have also had this problem.