Credit Card Application

[GIGZ]

Hi all.

Quick question, but scenario first:
Last year November, I applied for a Capitec Bank CC; all went well until I was asked about which contract am I on.

You see, I couldn't give them a straight answer since, at work I am regarded as a part timer, but I work everyday for the full 8 hours. I earn a wage. This is from Late 2016.
On the flip side, I don't renew my contract at all.
I've only signed a single contract.

Anyway, they called payroll to confirm employment and they were told that I am on a "Permanent On-Going contract'.

Immediately, the Application was Denied.

My credit record is quite good and everything.

My question is, can I get a CC or Loan in the far future with my contract anywhere; and where?

N.B.: I do know about the evils of a CC.

Thanks

 

[backstreetboy]

Try the free http://www.virginmoneycard.co.za/virginmoneycard/ but if you have a Capitec account and get regular salary deposits I'm not sure what their problem is?

 

[beefymoocow]

Is normal but stupid. Last year I had a temp contract as a CA and discovery didn’t want to increase my credit card limit even though it’s very low. The best is not to tell them it’s a temp/contract position and try using your bank statement instead

 

[chrisc]

Rather get a Capitec debit card. I opened one in 30 mins and I don't even have a job (but I am retired). They were not interested in how much money I was going to deposit

 

[Dan C]

I am a contractor for the past 22 years and never had problems applying for loans, car finance or credit cards.

 

[chrisc]

I think the bank officer did not understand the OP's position. Far more dodgy people than he have been granted credit cards

 

[Polymathic]

I think the bank officer did not understand the OP's position. Far more dodgy people than he have been granted credit cards

Yeah it's shocking the amount of credit cards and store account cards some people have

 

[GIGZ]

Try the free http://www.virginmoneycard.co.za/virginmoneycard/ but if you have a Capitec account and get regular salary deposits I'm not sure what their problem is?

11 Years Ago, Yes, but OP had his application declined by them because he wasn't permanent: https://goo.gl/DY5aKp

With regards to Capitec Bank, I think that maybe the branch has been having problems with that or maybe it's some NCR thing. IDK

... The best is not to tell them it’s a temp/contract position and try using your bank statement instead

They check your 3 months payslips & check if you're employed, with HR.
Also, the forms ask this question; so no way to run away from it. The options are explicitly Contract, Permanent, Part Time, Fixed Term or Seasonal etc. I'm neither

Rather get a Capitec debit card.

That I have, in fact I get paid through Capitec.

I am a contractor for the past 22 years and never had problems applying for loans, car finance or credit cards.

I don't know how you did it or who you did it with.

I think the bank officer did not understand the OP's position. Far more dodgy people than he have been granted credit cards

It could be that, because my pay meets requirements

Yeah it's shocking the amount of credit cards and store account cards some people have

Indeed

 

[Nobody Important]

The bank clerk was confused, he should not have asked if you are "on a contract". Everybody who is employed should have a contract. What he was supposed to ask was if you are on a fixed-term contract or not. If not, that means you are "permanent".

 

[GIGZ]

The bank clerk was confused, he should not have asked if you are "on a contract". Everybody who is employed should have a contract. What he was supposed to ask was if you are on a fixed-term contract or not. If not, that means you are "permanent".

He told me that he had a problem with the "ongoing" part of my contract, hence he declined my application.

 

[Nobody Important]

He told me that he had a problem with the "ongoing" part of my contract, hence he declined my application.

Ongoing means permanent. If it wasn't ongoing that would mean there is a specific point at which your employment ends.

Ask your company for a copy of your contract and see for yourself

 

[GIGZ]

Update:

My application has been accepted by Standard Bank, for their Gold Card.

Will use it sparingly.

Thanks Guys.

 

[Snyper564]

Update:

My application has been accepted by Standard Bank, for their Gold Card.

Will use it sparingly.

Thanks Guys.

Don't use it sparingly use it responsibly. Settle before ever earning interest etc....

 

[GIGZ]

Don't use it sparingly use it responsibly. Settle before ever earning interest etc....

Yeah, that too.

Will definitely take advantage of the 55-day interest free period.

 

[Snyper564]

Yeah, that too.

Will definitely take advantage of the 55-day interest free period.

No try stick to a monthly rotation. I get its interest free for 55 days. but its easier to settle smaller balance monthly than bigger balance 55 days later

 

[walterl]

No try stick to a monthly rotation. I get its interest free for 55 days. but its easier to settle smaller balance monthly than bigger balance 55 days later

Agreed. I use my credit card for everything and then settle the whole due amount every month just after payday. So I never pay any interest. Obviously you need to make sure that you don't spend more on the credit card than what you get on payday, otherwise this won't work.

 

[Snyper564]

Agreed. I use my credit card for everything and then settle the whole due amount every month just after payday. So I never pay any interest. Obviously you need to make sure that you don't spend more on the credit card than what you get on payday, otherwise this won't work.

Perfect approach!

 

[GIGZ]

Perfect approach!

Agreed. I use my credit card for everything and then settle the whole due amount every month just after payday. So I never pay any interest. Obviously you need to make sure that you don't spend more on the credit card than what you get on payday, otherwise this won't work.

Noted.
I'll use it for Uber & Taxify mainly, and maybe some online shopping (which doesn't happen that much currently anyway) and pay it off at month end.
I even went to the extent of dropping my offered limit, so I know I won't go crazy.


That way, I'll improve my credit sc