@takeshi74 wrote:
@Anonymous wrote:
Ok are they trying to trick me? I've heard the horror stories about balance transfers .. why are they trying so hard to pursue people? Got the checks in mail today about balance transfer, write it to urself blah blah then followed up ny an email later today ..what gives Barclay? This is on my Cash Forward Barclay card
Always be careful relying on anecdotal evidence and always consider your sources. It's not quite so simple as BT'ing with Barclaycard leading to adverse action. Those seeing adverse action had issues with their credit profiles and/or were borderline when they took some action (which may have been the BT of just coincidental to the BT) that pushed their profiles into risky territory as far as Barclaycard was concerned. As for considering sources, keep in mind that many here on myFICO are building or rebuilding credit.
You don't have to respond to offers. Base your decisions on your specific needs/wants and careful consideration. Offers are just marketing. Don't let a company's marketing department make decisions for you.
@Anonymous wrote:
The fear of AA is overblown.
This. Many don't understand how risk is assessed and how given actions can seem risky to creditors. Many also have a poor ability to determine causality and simply assume that a BT with Barclaycard gurantees AA. A strong enough profile isn't going to see AA when taking advantage of a BT.
This, Plus there is no business sense in a bank trying to "trick" users into getting a BT and then CLDing.
