Comparison website Confused.com has today announced the launch of a new credit card checker tool, which will allow customers to check the likelihood of being accepted for a specific credit card before making a full application. The unique service is the first available in the UK of its kind, with other ‘searches’ providing results for a selected group of cards, rather than the specific card a customer may be interested in.
The new tool, which is available for use from 22nd October, will benefit consumers who already know which specific credit card they would like to apply for, but who are concerned about the impact of a failed application on their credit file. The tool, which is completely free to use, performs an administrative check of the customer’s credit profile, which does not leave a detrimental search footprint, to assess how likely they are to be accepted, providing a likelihood acceptance out of ten.
The new tool complements Confused.com’s existing Card Matcher tool, which works in a similar way, displaying multiple results to customers who know what they want to use the card for, but who are unsure of precisely which specific card best fits their profile and needs.
Chris Griffiths, head of credit cards at Confused.com, said: “With such a wide range of credit cards available on the market, it can be understandably difficult to pick the right card without any help. Our new Card Checker tool allows customers to see how likely they are to be accepted before they commit to making a full application, which if declined could have a detrimental effect on applications in the future.
“By using our tool customers can get an idea on the right products for them, without risking damaging their credit profile. Where customers find they are unlikely to be accepted for their first choice the tool will display more suitable alternatives. Where a card with more attractive rates or features, which the customer is eligible for, is available it will also be displayed.
“Whether considering a new card to spread the cost of Christmas purchases or planning to take advantage of a low rate or long 0% balance transfer period, using our free tool can help customers in making the final decision of which card to opt for.”
Source : Confused.com Press Release
