Credit card question
#1
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Joined: Aug 2005
Posts: 23
Credit card question
Here's another one for you!
Is it possible to transfer an existing British credit card account to a Canadian one or do I have to cut up my old British cards and start fresh credit applications in Canada?
I read someone on here had to make some sort of bank guarantee to get a line of credit going...that's not a problem as such, but it'd be a damn sight easier if I can just transfer my existing card details (not to mention all the card details left on various internet shopping places would have to be changed too - ugh! Though maybe for security that's not such a bad thing...I dunno!)
Cheers
Is it possible to transfer an existing British credit card account to a Canadian one or do I have to cut up my old British cards and start fresh credit applications in Canada?
I read someone on here had to make some sort of bank guarantee to get a line of credit going...that's not a problem as such, but it'd be a damn sight easier if I can just transfer my existing card details (not to mention all the card details left on various internet shopping places would have to be changed too - ugh! Though maybe for security that's not such a bad thing...I dunno!)
Cheers
#2
Re: Credit card question
There was a thread a while ago claiming that American Express could do it, but in general I think you'll need to re-apply: and with no credit record in Canada, it may be a problem.
#3
Forum Regular
Joined: Aug 2005
Location: Kelowna, BC
Posts: 295
Re: Credit card question
Yes, American Express so it, I transferred mine (and they don't care if you have a job etc). They get a copy of your account history from the UK (takes about 10-14 days). Provided you have always paid on time, transferring is just a formality.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
Originally Posted by MarkG
There was a thread a while ago claiming that American Express could do it, but in general I think you'll need to re-apply: and with no credit record in Canada, it may be a problem.
#4
Re: Credit card question
Originally Posted by Oofma
Here's another one for you!
Is it possible to transfer an existing British credit card account to a Canadian one or do I have to cut up my old British cards and start fresh credit applications in Canada?
Is it possible to transfer an existing British credit card account to a Canadian one or do I have to cut up my old British cards and start fresh credit applications in Canada?
As others have said, you'll probably have to start afresh. But don't cut up your UK cards until you have sorted out Canadian cards.
In fact, assuming you can trust yourself, it may be worth keeping one or two UK credit cards anyway, in case you ever return. Same goes for UK bank accounts, because of the UK rules on proving your address, opening a bank account is often a nightmare for those who return to the UK having previously closed everything.
#5
Forum Regular
Joined: Mar 2005
Posts: 253
Re: Credit card question
I have USA CITIBANK and MBNA America credits cards
1- If possible, how can i benefit from my USA credit history in Canada.
2- Do i have to apply from scartch and lose all the credit history i built in USA.
Thanks for replies
1- If possible, how can i benefit from my USA credit history in Canada.
2- Do i have to apply from scartch and lose all the credit history i built in USA.
Thanks for replies
Last edited by Yasmina2005; Apr 16th 2006 at 5:30 am.
#6
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Joined: Jun 2004
Posts: 319
Re: Credit card question
Hi Colsgirl,
I have a Amex card here in Australia. I heard the annual fee for the card in Canada is quite expensive. In Australia i dont have to pay the annual fee.
Info please.
didik
I have a Amex card here in Australia. I heard the annual fee for the card in Canada is quite expensive. In Australia i dont have to pay the annual fee.
Info please.
didik
Originally Posted by Colsgirl
Yes, American Express so it, I transferred mine (and they don't care if you have a job etc). They get a copy of your account history from the UK (takes about 10-14 days). Provided you have always paid on time, transferring is just a formality.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
#7
:-)
Joined: Jan 2006
Posts: 11
Re: Credit card question
Originally Posted by Yasmina2005
I have USA CITIBANK and MBNA America credits cards
1- If possible, how can i benefit from my USA credit history in Canada.
2- Do i have to apply from scartch and lose all the credit history i built in USA.
Thanks for replies
1- If possible, how can i benefit from my USA credit history in Canada.
2- Do i have to apply from scartch and lose all the credit history i built in USA.
Thanks for replies
They did not seem interested in my SIN number when I applied - not sure how I can build Canadian credit history without Amex having my SIN number. On the other hand I am glad that they agreed to process my application based on my US credit profile.
Hope that helps.
#8
BE Forum Addict
Joined: Jan 2006
Posts: 1,010
Re: Credit card question
Originally Posted by JAJ
Same goes for UK bank accounts, because of the UK rules on proving your address, opening a bank account is often a nightmare for those who return to the UK having previously closed everything.
It worked wonders with an obstructive git in a call center the last time I tried to open a bank account without the usual birth certificate, sworn affadavit from bin Laden, DNA sample, etc. etc.
K.
#9
Re: Credit card question
Originally Posted by Colsgirl
Yes, American Express so it, I transferred mine (and they don't care if you have a job etc). They get a copy of your account history from the UK (takes about 10-14 days). Provided you have always paid on time, transferring is just a formality.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
HSBC wont transfer credit cards, we asked. We ended up getting a credit card from Scotiabank who were much more helpful.
#10
Re: Credit card question
Hi, I don't know if PR and work permit people are different - i think they are. Basically with a workpermit and a sin number that starts with a 9 - you can't get a card easily. We managed to get a mastercard/debit card through our credit union and after 10 months here have just managed to get a hbc card WHOO! with a whole $300 credit limit WHOO! WHOO! Can you see my happy dance? But it starts of our credit rating as having a line of credit for a mortgage doesn't count. We have both kept an account open in UK with some pennies in them for super emergencies and for sending flowers etc for birthdays and pay then on line - that money will run out soon though. If your credit card is with a global company like HSBC you may have more luck in transferring - it's not a question I have put to them but they do seem to have branches in most major towns over here. Anyway enough of my ramblings!
#11
Re: Credit card question
Originally Posted by didik
Hi Colsgirl,
I have a Amex card here in Australia. I heard the annual fee for the card in Canada is quite expensive. In Australia i dont have to pay the annual fee.
Info please.
didik
I have a Amex card here in Australia. I heard the annual fee for the card in Canada is quite expensive. In Australia i dont have to pay the annual fee.
Info please.
didik
I also have a Barclaycard, billed from the UK. I've been in Canada since 1981 but you never know when it may be useful to have a card billed in pounds.
#12
BE Forum Addict
Joined: Dec 2004
Location: Ottawa
Posts: 1,664
Re: Credit card question
Get a letter from your existing BANK in the UK, not credit card provider, before you come to Canada. When we approached Scotiabank for a credit card they insisted on a credit reference from our bank (Woolwich) in the UK. Once they got that we got credit cards no problem, were even able to negotiate the limit on the card (got $10K) with no money bond.
I suppose we were in a fortunate position as there are only 2 banks in town and Scotia knew we'd go to CIBC if they didn't give us credit cards!!
I suppose we were in a fortunate position as there are only 2 banks in town and Scotia knew we'd go to CIBC if they didn't give us credit cards!!
#13
BE Forum Addict
Joined: Jan 2006
Posts: 1,010
Re: Credit card question
Originally Posted by TrishB
Get a letter from your existing BANK in the UK, not credit card provider, before you come to Canada. When we approached Scotiabank for a credit card they insisted on a credit reference from our bank (Woolwich) in the UK. Once they got that we got credit cards no problem, were even able to negotiate the limit on the card (got $10K) with no money bond.
One wonders why this is necessary, since Experian and Equifax (the two big credit reference agencies in the UK) operate in Canada too. Maybe it is worth getting one's Experian and Equifax report and taking that to Canada.
K.
#14
BE Forum Addict
Joined: Dec 2004
Location: Ottawa
Posts: 1,664
Re: Credit card question
Originally Posted by kt0157
Good tip.
One wonders why this is necessary, since Experian and Equifax (the two big credit reference agencies in the UK) operate in Canada too. Maybe it is worth getting one's Experian and Equifax report and taking that to Canada.
K.
One wonders why this is necessary, since Experian and Equifax (the two big credit reference agencies in the UK) operate in Canada too. Maybe it is worth getting one's Experian and Equifax report and taking that to Canada.
K.
#15
Re: Credit card question
Originally Posted by JAJ
As others have said, you'll probably have to start afresh. But don't cut up your UK cards until you have sorted out Canadian cards.
In fact, assuming you can trust yourself, it may be worth keeping one or two UK credit cards anyway, in case you ever return. Same goes for UK bank accounts, because of the UK rules on proving your address, opening a bank account is often a nightmare for those who return to the UK having previously closed everything.
In fact, assuming you can trust yourself, it may be worth keeping one or two UK credit cards anyway, in case you ever return. Same goes for UK bank accounts, because of the UK rules on proving your address, opening a bank account is often a nightmare for those who return to the UK having previously closed everything.
Shouldn't be a problem. I even tried closing the accounts on some of mine and in the end gave up. It was easier to just keep them open and let the credit card companies send the statements over here. You do need to keep a UK bank account going to make payments though