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Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??


beamMEup wrote:

Mustanglvr2006 wrote:
As far as the Barclays CC, any purchase you make from Apple qualify's for 0% interest for 12 months $999 and up. If balances are not paid in full by the end of the applicable period, or if a late payment is made, interest will be charged from the purchase date at a 22.99% variable APR. 


Excellent point, mustang, and one that's easy to overlook.  OP - you may find that your minimum monthly payment with Barclays will not pay off your balance by the time the 0% runs out - and 22.99% retroactive to day one is a killer.  I agree with Mustang - pay this baby off very aggressively so you're not hit with that retroactive high finance charge in 12 months.

 

Also, there will likely be some FICO score loss for high utilization on the Barclay card until the balance is lower - if my math's right the utilization is now at 60% which is high.  Some folks are willing to forego movies or morning lattes or eating out (or whatever) for a short time in an effort to really pop utilization down.

 

Congrats on your new cards and your hard work!  Best wishes on your good FICO building plans!


Thanks beamMEup, it's nice to know I've been able to learn a lot in the last few months here, and actually be able to give advice (hopefully good) and it feels good to be able to do so, I still have a TON to learn, but I'm doing my best to absorb everything I can, which leads me to this question......

 

If he has 3000 total revolving credit and has 1500 bal that would not be 50%? I only ask NOT because I doubt you or your math (God knows you know a LOT more about this than I do) but because I want to know where my calculations are wrong, so I do not make that mistake again.

 

Thank you again.


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

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Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??


Mustanglvr2006 wrote:

 

Thanks beamMEup, it's nice to know I've been able to learn a lot in the last few months here, and actually be able to give advice (hopefully good) and it feels good to be able to do so, I still have a TON to learn, but I'm doing my best to absorb everything I can, which leads me to this question......

 

If he has 3000 total revolving credit and has 1500 bal that would not be 50%? I only ask NOT because I doubt you or your math (God knows you know a LOT more about this than I do) but because I want to know where my calculations are wrong, so I do not make that mistake again.

 

Thank you again.


I believe beamMEup was just talking about the utilization on the Barclay's card (1,500/2,500) which makes the individual utilization 60%.

 

You are correct that the overall utilization would be 50% (1,500/3,000).

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??


MarineVietvet wrote:

Mustanglvr2006 wrote:

 

Thanks beamMEup, it's nice to know I've been able to learn a lot in the last few months here, and actually be able to give advice (hopefully good) and it feels good to be able to do so, I still have a TON to learn, but I'm doing my best to absorb everything I can, which leads me to this question......

 

If he has 3000 total revolving credit and has 1500 bal that would not be 50%? I only ask NOT because I doubt you or your math (God knows you know a LOT more about this than I do) but because I want to know where my calculations are wrong, so I do not make that mistake again.

 

Thank you again.


I believe beamMEup was just talking about the utilization on the Barclay's card (1,500/2,500) which makes the individual utilization 60%.

 

You are correct that the overall utilization would be 50% (1,500/3,000).

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


Oh OK, I just wanted to make sure I was giving the correct information, I greatly appreciate your response.

 

I had thought that may have been what he was referring to, but I just wanted to make sure.

 

I do NOT want to be giving incorrect advice or answers.

 

Thank you again.


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
0

Re: Approved Apple Barclays Card 2500 Credit Line !! ??


Mustanglvr2006 wrote:


Oh OK, I just wanted to make sure I was giving the correct information, I greatly appreciate your response.

 

I had thought that may have been what he was referring to, but I just wanted to make sure.

 

I do NOT want to be giving incorrect advice or answers.

 

Thank you again.


Goodness. SHE is not going to like that!!!  LOL

 

But I do that quite often. Assume I know the gender of someone and then find out ooooopppppssss!!!  Smiley Happy

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: Approved Apple Barclays Card 2500 Credit Line !! ??


MarineVietvet wrote:

Mustanglvr2006 wrote:


Oh OK, I just wanted to make sure I was giving the correct information, I greatly appreciate your response.

 

I had thought that may have been what he was referring to, but I just wanted to make sure.

 

I do NOT want to be giving incorrect advice or answers.

 

Thank you again.


Goodness. SHE is not going to like that!!!  LOL

 

But I do that quite often. Assume I know the gender of someone and then find out ooooopppppssss!!!  Smiley Happy

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


Oh crap, I swear I pressed the "S" for she Smiley Surprised I'm very sorry, I guess its just force of habit, beamMEup please forgive me Smiley Sad

 

***runs and hides in the corner***


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Moderator Emeritus
Posts: 4,469
Registered: ‎12-31-2008
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??

You can run and hide, but I hope you can duck!  Smiley Very Happy

 

I've got a pretty good throwing arm for a gal!  Smiley Tongue

Just puttin' syrup on something, don't make it pancakes.
Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??


beamMEup wrote:

You can run and hide, but I hope you can duck!  Smiley Very Happy

 

I've got a pretty good throwing arm for a gal!  Smiley Tongue


I have been practicing ducking all day, so I think I'm ready!! LOL

 

Again I'm sorry about that, it will NOT happen again Smiley Tongue


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Frequent Contributor
Posts: 437
Registered: ‎05-21-2011
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??

[ Edited ]
Well barclays ended my app spree today. I called the backdoor number. They want to see more credit. So once my cap1 and Firestone report for 3-6 months I should be good. I'm going to try to wait the full 6 months to get the best CL, but it's hard. They also want my BK to age more. It was discharged in August.

Starting Score: 596 EQ 5-22-11 / 554 TU 5-23-11
Current Score: 615 EQ 08-15-11 / 631 TU 09-27-11
Goal Score: 700+


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Established Contributor
Posts: 994
Registered: ‎07-16-2010
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??

which backdoor number did you call for Barclays? I see two numbers on the "Backdoor Numbers" thread for Barclays....

 

 

I just got approved last night for $1290 with a 612 TU and some fairly bad damage a little less than 2 years ago and i put my est. income at 27k....Do you think if I call I could get more to cover a Macbook Pro at around $2200?

$1200 $1250 $4250 NPSL $5300 $1350 $3000

$6050 $5000 $10500 $2416 $6500 $3000
Established Contributor
Posts: 994
Registered: ‎07-16-2010
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Re: Approved Apple Barclays Card 2500 Credit Line !! ??

Well no responses so I just went for it and it worked out. I got my limit raised from $1290 to $2300. The guy was very nice and actually talked like a human being to you rather than a robot reading a script with a funny accent haha.

 

Basically what happened was I asked for the increase and said i needed it because the macbook pro i wanted was about $2112 out the door and it kind of defeats the purpose of getting this card if i cant buy the computer i need with it.He suggested $2300 actually and i said thats great.

 

He put me on hold and came back and asked me where i worked and how long ive been there. Then how much i estimate i make (27k). He asked if i had any other income. I said i do freelance video editing but its not like i have paystubs and stuff for that at the moment really and he just said "well how much do you think you make a month from it?" and I said "probably between $500 and $1000" but it varies...

 

Back on hold...

 

Comes back a while later and asks me about my credit report. I had a period where i had baddies, lates, overlimits, etc all, close to 2 years ago. He just asked about the card I had closed (which had the most recent and worst lates). Then asked me how I used my Capital One card and I said i honestly dont really use it that much because I just use cash/debit and the limit is too low so im scared of it reporting nearly maxed out after only a few purchases.

 

He said ok and went back on hold...

 

Comes back and said I dont see why I cant give you the limit so ill up it to $2300 to cover your new computer. VICTORY!

 

 

So basically there was no REAL grilling for information, background check, lie detector test, or faxing paystubs, old bills, etc. They just take your word for it, (Up to a certain point im assuming...) which is really nice. 

Hope this info helps someone else who didnt get a high enough limit or thinks their score is a little iffy to apply

$1200 $1250 $4250 NPSL $5300 $1350 $3000

$6050 $5000 $10500 $2416 $6500 $3000

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