Reply
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

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?

Frequent Contributor
Posts: 396
Registered: ‎04-02-2012
0

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:
Discover It $14,300 | Chase United $12,000 | Chase Sapphire Preferred $7,000 | Chase Freedom $5,000 | Citi Simplicity $5,000 | AMEX BCE $4,200 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

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. 

Frequent Contributor
Posts: 396
Registered: ‎04-02-2012
0

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:
Discover It $14,300 | Chase United $12,000 | Chase Sapphire Preferred $7,000 | Chase Freedom $5,000 | Citi Simplicity $5,000 | AMEX BCE $4,200 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

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?

Frequent Contributor
Posts: 396
Registered: ‎04-02-2012
0

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:
Discover It $14,300 | Chase United $12,000 | Chase Sapphire Preferred $7,000 | Chase Freedom $5,000 | Citi Simplicity $5,000 | AMEX BCE $4,200 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

Re: Apple Barclaycard

Oh I meant before making the purchase :smileyhappy:

Established Contributor
Posts: 923
Registered: ‎06-12-2012
0

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.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Established Member
Posts: 20
Registered: ‎08-08-2009
0

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
EX 664 7/2011

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

Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

Re: Apple Barclaycard

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

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.