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Barclay Reward initial CL

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CoCoB2
Established Member

Re: Barclay Reward initial CL

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????Smiley Sad

(10/14)FICO: EQ-605, TU-624, EX-612.
cap1-300 cl, quicksilver-300,credit1-500,BOA -300, nord-500.Started 3/14 @ 527-580
(1/1/2015) 1/1/15~~EQ=609,TU=651,EX=623
cap1-$300,quicksilver-$300,nord-$500, credit1-$700, BOA-$300,fingerhut-$135, Barclays rewards-$500
Message 11 of 21
taxi818
Super Contributor

Re: Barclay Reward initial CL

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.
Message 12 of 21
FocusedAndDetermined
Senior Contributor

Re: Barclay Reward initial CL

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!

Message 13 of 21
CoCoB2
Established Member

Re: Barclay Reward initial CL

Thank you.😊 I will def try that strategy. I you're right. I need to lay low with apps for awhile. I was able to PC my cap1 platinum to a rewards recently, but even with the two cap1 cards, they refuse to approve a CLI. Credit one just bumped me up 200=700. It just so frustrating. Still trying to learn to pace myself. I will post the outcome!
(10/14)FICO: EQ-605, TU-624, EX-612.
cap1-300 cl, quicksilver-300,credit1-500,BOA -300, nord-500.Started 3/14 @ 527-580
(1/1/2015) 1/1/15~~EQ=609,TU=651,EX=623
cap1-$300,quicksilver-$300,nord-$500, credit1-$700, BOA-$300,fingerhut-$135, Barclays rewards-$500
Message 14 of 21
CoCoB2
Established Member

Re: Barclay Reward initial CL

Focusedanddetermined- that's where I'd like to be, at least starting at 1k 😞. Hopefully they give me a break🙏. I'm gonna give them a call and see what happens. Thanks for the advice. Will keep you posted.
(10/14)FICO: EQ-605, TU-624, EX-612.
cap1-300 cl, quicksilver-300,credit1-500,BOA -300, nord-500.Started 3/14 @ 527-580
(1/1/2015) 1/1/15~~EQ=609,TU=651,EX=623
cap1-$300,quicksilver-$300,nord-$500, credit1-$700, BOA-$300,fingerhut-$135, Barclays rewards-$500
Message 15 of 21
chwebb1
Established Contributor

Re: Barclay Reward initial CL


@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.

 photo NUS000000180_160X101_STRAIGHT.gif photo DISCOVER_IT_LG.gif photo card_1.png photo night-launch.png photo NUS000000012_160X101_STRAIGHT.gif photo bankamericard-better-balance-rewards-credit-card-small.png
$15000 ........... $12500 ............ $11750 ............ $10000 ........... $9400 ............ $5000 ............. $5000
In the Garden until at least November 2015
Message 16 of 21
CoCoB2
Established Member

Re: Barclay Reward initial CL


@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 banksSmiley Mad 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?? 

(10/14)FICO: EQ-605, TU-624, EX-612.
cap1-300 cl, quicksilver-300,credit1-500,BOA -300, nord-500.Started 3/14 @ 527-580
(1/1/2015) 1/1/15~~EQ=609,TU=651,EX=623
cap1-$300,quicksilver-$300,nord-$500, credit1-$700, BOA-$300,fingerhut-$135, Barclays rewards-$500
Message 17 of 21
CoCoB2
Established Member

Re: Barclay Reward initial CL


@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 banksSmiley Mad 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??

(10/14)FICO: EQ-605, TU-624, EX-612.
cap1-300 cl, quicksilver-300,credit1-500,BOA -300, nord-500.Started 3/14 @ 527-580
(1/1/2015) 1/1/15~~EQ=609,TU=651,EX=623
cap1-$300,quicksilver-$300,nord-$500, credit1-$700, BOA-$300,fingerhut-$135, Barclays rewards-$500
Message 18 of 21
Anonymous
Not applicable

Re: Barclay Reward initial CL


@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????Smiley Sad


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! 

Message 19 of 21
Anonymous
Not applicable

Re: Barclay Reward initial CL


@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 banksSmiley Mad 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. 

Message 20 of 21
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