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Hi guys. I was just approved for the Barclays rewards card @ $500 yesterday. I really want a higher CL but without waiting for a CLI. Is it a good idea to call the credit analysis and ask for the initial limit to be bumped up???? Ive made great progress on rebuilding, but I just cant seem to get an initial limit higher than $500, My current goal is at least 1k. Anyone ever try this????
With your current card and limits you should receive a decent starting CL. If not you have the option to recon for more. It worked for me when I only had Discover It. Approved for $1.3 reconned to $3k, then after 6 mos. auto CLI to $5.2K.
Good luck!
@longtimelurker wrote:
@Anonymous wrote:
@Anonymous wrote:24 months on new purchases, and BT's, but the BT has to be posted within 45 days of account opening
I assume your after promo is 14.99. I figure you'll get between $5,000 and $10,000.
Seems to really vary, some people get the lowest limit on Barclays (three years ago I got 4.7K on my Rewards. After closing that, last year I got $5K on Sallie Mae, less than 1/2 of my next lowest limit) But others get good limits.
That's also been my experience with them. They are super conservative in my opinion. Other than my BBR, my next lowest limit after Barclays is the Cash Rewards at $2500, and Barclays only gave me $1000 on each of my cards.
@taxi818 wrote:
Simply call them and say. I know barclays great. And I've been rebuilding. Would really like a little more to prove myself. I'm just asking a chase. When they ask how much you want. Say 3k. They will counter in that case and say 1k. If you ask for 500. They may give you 200. Just go high. They like to counter with lower amount. Don't be scared either. Worst they can say is no limit increase for you.
Well I called this am and asked them about the intitial CLI, the rep asked me a few questions, and then told me after reviewing my CR, He sees that I have one late payment with cap1, (over a year ago of course) otherwise my credit history is good, but at this time they cannot offer a higher limit until I establish myself with their bank. He said that the $500 is comparible to other starting limits offered by other banks I have read from other people in the fico community that have said that they ask the recons more than once, and get positive results, Do you think that would be too pushy??
@FocusedAndDetermined wrote:With your current card and limits you should receive a decent starting CL. If not you have the option to recon for more. It worked for me when I only had Discover It. Approved for $1.3 reconned to $3k, then after 6 mos. auto CLI to $5.2K.
Good luck!
Well I called this am and asked them about the intitial CLI, the rep asked me a few questions, and then told me after reviewing my CR, He sees that I have one late payment with cap1, (over a year ago of course) otherwise my credit history is good, but at this time they cannot offer a higher limit until I establish myself with their bank. He said that the $500 is comparible to other starting limits offered by other banks I have read from other people in the fico community that have said that they ask the recons more than once, and get positive results, Do you think that would be too pushy??
@CoCoB2 wrote:@Anonymous guys. I was just approved for the Barclays rewards card @ $500 yesterday. I really want a higher CL but without waiting for a CLI. Is it a good idea to call the credit analysis and ask for the initial limit to be bumped up???? Ive made great progress on rebuilding, but I just cant seem to get an initial limit higher than $500, My current goal is at least 1k. Anyone ever try this????
I got approved a little more than a week ago. I was able to 2X creidt limit that I initially approved for.
This is the number I called: 866-408-4064
Good luck!
@CoCoB2 wrote:
@taxi818 wrote:
Simply call them and say. I know barclays great. And I've been rebuilding. Would really like a little more to prove myself. I'm just asking a chase. When they ask how much you want. Say 3k. They will counter in that case and say 1k. If you ask for 500. They may give you 200. Just go high. They like to counter with lower amount. Don't be scared either. Worst they can say is no limit increase for you.Well I called this am and asked them about the intitial CLI, the rep asked me a few questions, and then told me after reviewing my CR, He sees that I have one late payment with cap1, (over a year ago of course) otherwise my credit history is good, but at this time they cannot offer a higher limit until I establish myself with their bank. He said that the $500 is comparible to other starting limits offered by other banks I have read from other people in the fico community that have said that they ask the recons more than once, and get positive results, Do you think that would be too pushy??
I typed too slow...
So sorry to hear that.
Maybe you'll get an auto CLI in 6 months.