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Apple Barclaycard

Frequent Contributor

Apple Barclaycard

So I was recently approved for the Apple Visa barclaycard with an initial CL of $1,000. The approval came after talking to a credit specialist on the phone. The system gave me a flat denial.

 

The reason I applied for the card is because I'm going to make a large purchase at the Apple store soon and I needed the financing offer ( 0% apr for 12 months). But I asked for $2,500 because that's the amount I will spend at the Apple store..

 

My question is .. should I max it out? If I spend the whole $1000 credit line and add cash from me .. would that be a bad thing to do?


Message 1 of 20
19 REPLIES
Frequent Contributor

Re: Apple Barclaycard

Never max out a card if your at the billing date.

 

Charge the max if you need to, but make certain you've got it down to at least 25% of the CL before it reports.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 2 of 20
Frequent Contributor

Re: Apple Barclaycard

Yeah I probably won't be able to get it below %25 in just a month. Probably 3 months. The good thing .. 0 APR ! 

 

I probably won't use the card after the purchase. 


Message 3 of 20
Frequent Contributor

Re: Apple Barclaycard

Well if you don't "need" your credit to be good for those 3 months, then do it.  But YOU got to make sure you understand why a near credit limit will do to your credit in case you can't do the 3 months.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 4 of 20
Frequent Contributor

Re: Apple Barclaycard

I'm done apping for the year .. BUT like you said I really don't want to have a card maxed out for a long period of time. 

Do you think I should call and ask for a CLI so that I can still keep some credit available after the purchase?


Message 5 of 20
Frequent Contributor

Re: Apple Barclaycard

No.  After the purchase they are going to look at your account and see you're damn near maxed and deny you.  Utilization is a HUGE factor in approvals and CLI's.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 6 of 20
Frequent Contributor

Re: Apple Barclaycard

Oh I meant before making the purchase Smiley Happy


Message 7 of 20
Established Contributor

Re: Apple Barclaycard

If you're done apping for the year go for it. They wouldn't give you a limit of $1,000 if they weren't comfortable lending you $1,000. Limits are meant to be used just make sure you can pay it back. Also don't bother looking at your score for the next few months because it will be negatively skewed due to the high utilization.

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 8 of 20
Established Member

Re: Apple Barclaycard

Can anyone list the recon number? I just got the "need to review" which I assume is a denial and will need to call for a recon. Thanks! Please pm me,
BK discharged 7/2010 -
TU 624 8/2010 TU 675 6/2015
EX 664 7/2011 EX???

40 pt climb in 1 year with 3 positive TLs (school loan, auto loan & 1 credit card)

Message 9 of 20
Frequent Contributor

Re: Apple Barclaycard

It's:  866-408-4064 ... it's also listed in the sticky note on this forum. 


Message 10 of 20