When you apply for Cardeo Credit we run a check to make sure that it would be responsible to lend to you, and to work out what to offer.
We check your information with credit reference agencies. We also look at your open banking data, for example recent transactions in your accounts.
We check your identity (mainly for anti-money laundering purposes), creditworthiness and whether you would be able to afford the repayments. About our credit checks
A few reasons that someone might not qualify
We are unable to verify income
Not enough matching information to verify identity
Name on a sanctions list
Flag on the credit file, such as a CCJ or IVA
Pattern of not making payments
Debt-to-income ratio too high
Another qualification consideration is that we only offer Cardeo Credit where we can beat the rate of your existing credit cards by at least 1%.