07-15-2013 08:11 PM
I always think most of the posts on Barclay or to sensitive to them being negative with new accounts and INQ's etc.
it's my partners card and Account is 4 months old I think... Credit Line was $15k.
I just last month put in 2 BT's, one for $4k, and one for $2k... all previous charges before the 2 BT's had been PIF.
I literally paid my first payment today since the BT's and it's not even due yet and I received a letter that they CLD to $6,450.
Letter states that "Growth rate of overall debt is too high"
it's 0% and everything....
Knock on wood NAVY still likes us and we are just riding out the 0% then will knock some of these out and see where things stand at that point... just interesting to issue 0% for BT and the CL but then turn around and be like WOOOHHH... stop stop, you can't use the CL's!
07-15-2013 08:32 PM
07-15-2013 09:13 PM
07-15-2013 09:39 PM
Just to find out more about the big picture. Have you been dragging high balances? Or was it mostly due to balances being double reported on 2 cards because of BT?
I posted when the app was approved on here, I believe at the time 3 of his new cards were reporting and a few were in the works so no question balances have probably about doubled... in paticular a Bank of America opened around the same time but a personal card with a $15k limit is currently at $14k+ (I'm assuming that is what really triggered them)
but the TU score has not changed much
the util. is 26% NOW, dont really think that changed to to much just because with any new balance that Barclay is seeing is a new card.
They had asked at time of approval about the higher balances and we told them then they were 0% and the guy was like no problem, we can approve... they didn't really care to much.
I'll try calling because no harm but not really to worried either... while I say i think it's silly they give the high limit, then take it away when you use it... I also understand that they gave the high limit before knowing of the high limit at BofA being opened and the full balance reporting on the Discover that they saw... so it's about a $20k increase in debt since acount opening according to their computers probably, so I'm not crying about it if they don't want to reset it until he shows some of this stuff paid off!
07-16-2013 01:46 AM
gl creditaddict! and i agree with you...why give that cl if you're not allowed to use it...
07-16-2013 08:37 AM
okay, we just got off the phone with Barclay and while the guy assumed that everything was 0% he didn't like the 60% increase (little over double like I thought) in just 4 months and in the end said while everything is still great on credit and had no complaints about INQ, new accounts, or overall util, just to fast of a increase. said anytime we pay it down to call back and they will see to increase again... he was nice guy
07-16-2013 09:02 AM
07-16-2013 09:17 AM
Sorry for the CLD, it seems you never know what to do to avoid AA nowadays. There is a thread about this like every day now. Everytime I read a CLD thread, I go check my accounts...whew, safe...for now.
07-16-2013 09:23 AM
07-16-2013 09:29 AM
New accounts with rapid increasing debt is no good even if its under 0% promotion. Barclay saw me open 19 new accounts in 12 months and go from 8k total CL to 100k and never bothered me. But my utl stayed at <1% all the time. So i wouldnt say Barclay CLD you just cuz they felt like it.
True... because back about 1-2 years ago when everyone was so hot on the apple card but then saying they closed me for opening new accounts and that scare of don't apply to barlcay if you want to apply to other cards too... I opened Barclay and opened 6-8 more after them... I even poked barclay with CLI request at 6 months... they did a HP and never said anything about all the new accounts.
I wish they would have considered that this is a business card a little more and that we have no revolving debt on the business besides this card but that's why I would have gotten a Charge Card if I needed something right now for day to day because of things like this... although charge card has it's own set of issues... nothing is safe. lol (jk)
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