I was just wondering if your bank overdraft gets seen by credit card companies when applying for credit (with a credit card company, not the bank), and if it makes any difference?
The bank have recently increased my overdraft from £3000 to £4500, but I have not used any of the extra £1500 and intend to just leave it there and save it for emergencies, but I want to get a credit card to use for purchases.
If overdrafts do get taken into account, are they looking at what your overdraft limit is, or just much you are overdrawn (regardless of your limit)? And does having a bigger overdraft mean you are likely to get more credit or less when applying for a card?
I looked on experian and my bank shows up on there but nothing about what my overdraft was, it just showed my balance (which for some reason didnt relate in any way to what my balance was but I guess thats another issue!!).
Thanks in advance.