I was refused a credit card from sainsburys in January, will my credit score go down if I re-apply now?

After having given this question some thought, I think the answer really depends on how badly you need the card. It seems that you are anxious to obtain one as you are considering reapplying so soon after being rejected.

The rejection should tell you that Sainsburys ( or whoever underwrites their cards ) do not consider you a good risk at this moment in time. That's not to say that you are a bad risk or indeed that another card company would do the same. But it's likely as your recent house move and other new financial affairs have little history.

It it were me, I would simply convince myself that I do not need the card ( after all, it is simply borrowing someone else's money ) and have another go in the summer when the house move, mortgage and other finances have all settled down.

Lots of searches on your records will lower your credit score as it makes you look desperate for money, so it depends what else you've applied for recently.

Check with Sainsburys why they refused you one. also get hold of your credit profile from the credit reference agencies to see if there are obvious things you can identify - things like not being on the electoral roll, being financially associated with someone with a lower credit etc.

Hi martind11, and welcome to the forum.

I would suggest you follow HSP's advice first, and then if appropriate, wait another couple of months before applying for a credit card again.

I think snoopy has hit the nail on the head, martind11.

A new address and new financial products will ring alarm bells with the credit card company.

But HSP is right that you should check your credit report. If you previously have a good credit history that will go in your favour.