11-12-2012 04:27 AM - edited 11-12-2012 04:31 AM
I'm just wondering am I the only one here who doesn't seem to get auto CLIs from Barclay. I have the Barclaycard Reward Mastercard which I opened a year ago. I was hoping for a CLI at the 6 month mark. But when it didn't happen I never bothered to call and ask for one because I didn't want any unneeded inquiries on my report. I had planned on buying a house (just closed last week on the 6th!) so I was being very mindful to avoid inquiries for any reason.
When I first got the card last November, my FICOs were in the 650 range. At the six month mark, they were in the 680 range, and now they're in the 690s, so close to breaking 700. Since having this card, I have not apped for any additional credit except for my mortgage, so I've added three mortgage inquiries in the time I've had the card, bringing my total to 5 inquiries on TU. I've taken great care of this account. On average I charge about $450/mo on the card, and usually make two payments per month, always paying down to a $1.00 balance to day before the statement cuts so that $1.00 balance gets reported.
I just can't figure out why I haven't gotten an auto CLI at the 6 mo mark and again now that my 12th statement was cut last week?
Has anyone else experienced this with Barclay's? Now that I closed on my mortgage, I can afford an inquiry on my report. I'm tempted to call them and ask for a CLI, but I'm wondering if anyone has not gotten any auto CLIs in their first year with them. I have a $1000 limit with them, if I call I will probably ask for $3000. I understand that my scores may not necessarily warrant a $3000 starting limit with anyone, however I feel that my first year account history with them has proven that I'm ready to handle a larger credit limit.
FYI, I also have a Cap 1 No Hassle card with a $1500 limit that I also let report with a $1.00 balance every month, an Open Sky secured CC with a $500 limit and a Cap 1 secured card with a $300 limit. Both secured cards were opened in 2010 and have been sock drawered since getting the Barclay card.
I appreciate any suggestions.
11-12-2012 05:24 AM
These guys are very stingy with CLI's and are a pain with their CLD's
I have a barclays carnival card. started at 700 then one day it went up to 1200. I opened two new accounts and the following month they dropped it to 500. **bleep**? They hate new accounts and I had to go through a bunch of hoops just to bump it a measly 500.
11-12-2012 11:43 AM
When i got my Juni card approx 4 yrs ago, it went over 14 months with no increase. It was during the credit crunch, and i didn't expect one anyway. I called in and spoke to an analyst and got bumped to 3k, and every since then i've only received one auto cli. All the rest were initiated by me, and customer service used to soft for cli, but i believe it is hard pull now. Don't take it personally, as i guess some accounts get passed over while monitoring. I am finally at the credit limit i desired, and if they are going to give me more, then they will have to auto cli.
11-12-2012 12:23 PM
I just hit the same situation. I am absolutely frustrated. I called in and they would only review the account with a HP. This to me is ridiculous, they SP all the time and just SP on 10/28. I disagreed with the Rep that was very polite stating my account usage (always PIF) and a SP should be more than enough. I was told by this rep that was the only way a CLI could be processed with Barclays. So, if you speak to another division and do not take a HP. Please let me know.
I do not want a 5k + limit. I just want a CL that would make the Rewards program more valuable.
I could careless at this point about this card. I have fought the good fight and lost with Barclays. Which should be called Capital One by now with their practices.
11-12-2012 12:33 PM - edited 11-12-2012 12:34 PM
I logged into my wifes Barclays that I apped for her 3 months ago and they auto CLI her to 350 to 1050............FML
Her credit is very very very poor....CLUELESS!!!!!!!!!!!!!
11-12-2012 05:00 PM
I ended up calling and asking about their normal CLI process. He did say that accounts are reviewed every 6 months and a CLI is granted if the account has been maintained in good standing during that period. When I asked him why I hadn't received a CLI at my 6mo or my 12mo points, he couldn't offer an explanation. So he asked me if I wanted to initiate the request for one and I agreed to the HP. I asked for $3000 but they countered with $2000. Part of me wanted to haggle for $2500 but I don't think I would've gotten it. I took the $2000 and politely thanked him and that was that.
Whether or not I'll get auto CLIs in the future is anybody's guess. But one thing I'm sure of, I won't be requesting another CLI from them within the next 24 months. I don't care to have multiple inquiries on my CR from the same lender.... so my CL with them may possibly stay at $2000 for the next 24 months, and that's fine with me.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.