Reply
Established Member
Posts: 44
Registered: ‎05-10-2013
0

Barclay Advice

Hi All,

 

I just need some advice. I got my Barclay Rewards card exactly 6 months from today. I recieved my 6th statement today, but there was no luv from Barclay. My limit was originally approved for $500, but recon gave me a $1k limit. I charged about $2k per month and always PIF before the statement cut (no more than $10-20 balance). Do you think I should wait another month for some CLI luv from Barclay or should I just try to get the Traveocity card (that I wanted from the begining) and then also ask for a manual CLI on both?

 

Thanks for the advice!


Starting Score: 520s (BK7 in 09/08)
Current Score: EQ 676, TU 662 (MyFico Scores)
Goal Score: 700 Club


Take the FICO Fitness Challenge | In the Garden until 10/2013 | Last App in 04/13 (Barclay Card & Cap1 CLI)
Community Leader
Senior Contributor
Posts: 27,004
Registered: ‎02-07-2013
0

Re: Barclay Advice


aad041109 wrote:

Hi All,

 

I just need some advice. I got my Barclay Rewards card exactly 6 months from today. I recieved my 6th statement today, but there was no luv from Barclay. My limit was originally approved for $500, but recon gave me a $1k limit. I charged about $2k per month and always PIF before the statement cut (no more than $10-20 balance). Do you think I should wait another month for some CLI luv from Barclay or should I just try to get the Traveocity card (that I wanted from the begining) and then also ask for a manual CLI on both?

 

Thanks for the advice!


Give it another month IMO

Good luck

+ Chase ink =




Regular Contributor
Posts: 232
Registered: ‎09-04-2012
0

Re: Barclay Advice

I didn't get an increase until my card was open for a year.

Community Leader
Super Contributor
Posts: 6,904
Registered: ‎09-22-2012
0

Re: Barclay Advice

[ Edited ]

I tried various attempts (in vain) to get an auto CLI out of Barclays, but nothing worked in my case.  I tried heavy usage, PIF multiple times for a few months, carrying a $20 balance (which was about 5% util), then I upped it to 25% util and nothing.  I opened new accounts with other lenders, which I now know was most definitely the reason.  I ended up closing the card for various reasons, most specifically the effort I put forth trying to get an increase.

 

My $0.02 - I really think it comes down to no new accounts and carrying a ~20% balance only on your Barclays card for a solid 6-12 months.

Valued Contributor
Posts: 2,286
Registered: ‎04-04-2013
0

Re: Barclay Advice

[ Edited ]

I applied for a second Barclays card (SallieMae Rewards) 4.5 months after applying for the Priceline.com (instant approval).

 

Priceline was $1500, and SallieMae was $1600. I suspect I won't be getting an auto CLI anytime soon, but I may request one online in another month or so. I'm OK either way, since I really don't need a CLI, its just that they started out as my lowest cards.

 

It all comes down to how good your TU score is, how much you've been using their card, and whether you mind taking another HP on TU. I plan to apply for a couple cards after Xmas (assuming Chase Freedom has a good category in Jan), but since they won't be pulling TU I'm OK with trying for a probably-futile CLI.

 

PS: I hear the Chase Freedom card is blue.

 

EDIT: I did get a auto CLI after the 6th statement. The Priceline went from $1500 -> $2800, an 86.7% increase. Applying for the second Barclay card didn't jinx it.


Super Contributor
Posts: 10,274
Registered: ‎04-22-2013
0

Re: Barclay Advice


B335is wrote:

I tried various attempts (in vain) to get an auto CLI out of Barclays, but nothing worked in my case.  I tried heavy usage, PIF multiple times for a few months, carrying a $20 balance (which was about 5% util), then I upped it to 25% util and nothing.  I opened new accounts with other lenders, which I now know was most definitely the reason.  I ended up closing the card for various reasons, most specifically the effort I put forth trying to get an increase.

 

My $0.02 - I really think it comes down to no new accounts and carrying a ~20% balance only on your Barclays card for a solid 6-12 months.


I did get an auto-CLI out of Barclays after 6 months, but it still made it my second lowest CL.   I cancelled it after a while as I had better cards (Fidelity Amex, 2% on everything, making Rewards useless) and they seemed unwilling to do anything like make it a World card (the new CL was $7.2K).

 

But as always hard to tell.  My original CL ($4.7K) was my lowest for 20 years, but earlier I had got a decent ($18K) CL on their US Air card (cancelled before I applied for the Rewards).  And last week my wife applied for the Sallie Mae and got a reasonable $12.5K limit, so it is hard to know how they make their decisions!

Community Leader
Super Contributor
Posts: 6,904
Registered: ‎09-22-2012
0

Re: Barclay Advice


longtimelurker wrote:

B335is wrote:

I tried various attempts (in vain) to get an auto CLI out of Barclays, but nothing worked in my case.  I tried heavy usage, PIF multiple times for a few months, carrying a $20 balance (which was about 5% util), then I upped it to 25% util and nothing.  I opened new accounts with other lenders, which I now know was most definitely the reason.  I ended up closing the card for various reasons, most specifically the effort I put forth trying to get an increase.

 

My $0.02 - I really think it comes down to no new accounts and carrying a ~20% balance only on your Barclays card for a solid 6-12 months.


I did get an auto-CLI out of Barclays after 6 months, but it still made it my second lowest CL.   I cancelled it after a while as I had better cards (Fidelity Amex, 2% on everything, making Rewards useless) and they seemed unwilling to do anything like make it a World card (the new CL was $7.2K).

 

But as always hard to tell.  My original CL ($4.7K) was my lowest for 20 years, but earlier I had got a decent ($18K) CL on their US Air card (cancelled before I applied for the Rewards).  And last week my wife applied for the Sallie Mae and got a reasonable $12.5K limit, so it is hard to know how they make their decisions!


Wow 20 years and they wouldn't give you the World upgrade?  They sure are a tough one to understand.  That Sallie Mae is a sweet card though, congrats to DW!

Super Contributor
Posts: 10,274
Registered: ‎04-22-2013
0

Re: Barclay Advice

No! I meant that the CL I was given on that card was the lowest CL I had had for 20 years.  I only had the card 8 months before cancelling.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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.