Credit Cards

[Jake0215]

Ive read that Barclay is sensitive about new TL after new account. I didnt know this when I applied and received 3 new cards at once... Barclay, Discover, AMEX. Ive decided not to app for another amex for at least a year, which leaves only walmart on my list. Im not worried about being approved, just pissing off Barclay and AMEX. I would like to have all my inquires lumped together as much as possible. How long should I wait? Should i just do it? I currently have 4 inq on ex, 3 on TU, and 1 on EQ. However my AMEX wont start reporting for awhile still. So, Barclay has really only seen the INQ's if they have softed at all.. Advice?

[KIPPIE12]

---

Jake0215 wrote:

Ive read that Barclay is sensitive about new TL after new account. I didnt know this when I applied and received 3 new cards at once... Barclay, Discover, AMEX. Ive decided not to app for another amex for at least a year, which leaves only walmart on my list. Im not worried about being approved, just pissing off Barclay and AMEX. I would like to have all my inquires lumped together as much as possible. How long should I wait? Should i just do it? I currently have 4 inq on ex, 3 on TU, and 1 on EQ. However my AMEX wont start reporting for awhile still. So, Barclay has really only seen the INQ's if they have softed at all.. Advice?

---

6 months is the general concensus provided Barclays was your last application.  They are very skiddish with new tradelines reporting after they've approved you, and could CLD or close it.  Their portfolio department watches the account for that period of time as a precautionary measure for the bank.  You should be fine at this point, just don't go on any app sprees during this "probationary" period with them. I would personally wait to apply for WalMart.  Others will chime in with their viewpoint, but that's just what i'd do, and as always, YMMV

[improvingmycredit]

Hello!

My expreience has been that they softed my TU and EX reports for 6 straight months.  Some times twice in a month just to see any activity.  I can pretty much assure you that they will be checking your accounts and probably both EX and TU. 

My advice, after speaking with Barclay Reps is to not apply for anything until the probationary period is over with them.

As alway, YMMV!

[mAndrew1980]

My understanding is they monitor new accounts for 6 months. Barclay's is my latest account, but Cap1 actually hit my reports after Barclay's even though I app'ed with them before. Needless to say, I was scared! I won't be app'ing for anything new until my 6 months is up -- which ironically is when my baddie falls off.

Tread carefully and we should be fine.

[jefftca925]

Another issue with them (that I've read) is that they freak out when they see a sudden drastic increase of revolving debt reporting on the CBRs...especially when it is out of the normal behaviour of the cardmember.  Most people don't seem to see any AA from them after opening new accounts after their Barclays approval, but for someone with a young credit history and escalating debt, any issuer might react with a CLD or a closure.

[dookdig]

---

jefftca925 wrote:

Another issue with them (that I've read) is that they freak out when they see a sudden drastic increase of revolving debt reporting on the CBRs...especially when it is out of the normal behaviour of the cardmember.  Most people don't seem to see any AA from them after opening new accounts after their Barclays approval, but for someone with a young credit history and escalating debt, any issuer might react with a CLD or a closure.

---

This reason couples with series of new accounts with trigger AA. I don't think people should worry that much about 6 months period if they only have 1 or 2 new accounts after barclay and can maintain util on credit report under 5% at all time and PIF barclay.