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Contributor
Posts: 102
Registered: ‎07-17-2012
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Re: Barclay and new accounts!

That was my question/concern.

Current Scores 738 EQ (FICO 02/15) 745 EX (Lender Pull FICO) 768 TU (FICO 02/15)

4% Utilization on 180k Total Available Creditlines

AMEX Platinum - NPSL, AMEX HH - 2.5k, BofA Travel Rewards - 25K, BofA 123 Cash Rewards - 15K, BofA Amex - 15K, Barclay Black Card - 10K, Chase United Club - 9.6K, Chase Sapphire Preferred - 14k, Discover More - 7.5K, Citi Presitge - 20K, Nationwide Bank - 7.5K, Dillard's - 5K, JCP MasterCard - 12K, Capital One Venture - 3K, Capital One Quicksilver - 10k, Wells Fargo - 6K, Lowe's - 10K,
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
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Re: Barclay and new accounts!

So they wouldn't be worried if I maxed out their card? That's great to know.

Contributor
Posts: 102
Registered: ‎07-17-2012
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Re: Barclay and new accounts!

I wouldnt max it out. Personally I charged only the 3250 out of my 5K purchase for my new MacBook Pro. Put the rest on my debit card just felt really uneasy maxxing it out with new accounts within the last quarter.

Current Scores 738 EQ (FICO 02/15) 745 EX (Lender Pull FICO) 768 TU (FICO 02/15)

4% Utilization on 180k Total Available Creditlines

AMEX Platinum - NPSL, AMEX HH - 2.5k, BofA Travel Rewards - 25K, BofA 123 Cash Rewards - 15K, BofA Amex - 15K, Barclay Black Card - 10K, Chase United Club - 9.6K, Chase Sapphire Preferred - 14k, Discover More - 7.5K, Citi Presitge - 20K, Nationwide Bank - 7.5K, Dillard's - 5K, JCP MasterCard - 12K, Capital One Venture - 3K, Capital One Quicksilver - 10k, Wells Fargo - 6K, Lowe's - 10K,
Senior Contributor
Posts: 3,668
Registered: ‎01-10-2008
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Re: Barclay and new accounts!

[ Edited ]

altayar wrote:

So they wouldn't be worried if I maxed out their card? That's great to know.


That is not what was posted, maxing out a card is typically a bad idea.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
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Re: Barclay and new accounts!

I meant to say maxing the card out just for a short period of time. I do not plan to keep it maxed out for a long time!

 


score_building wrote:

altayar wrote:

So they wouldn't be worried if I maxed out their card? That's great to know.


That was not what I posted.




Senior Contributor
Posts: 3,668
Registered: ‎01-10-2008
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Re: Barclay and new accounts!

[ Edited ]

Gotcha...paying it down in big chunks with low overall UTI can help keep a card holder off the radar, if trying to keep a low profile as a new account holder.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Senior Contributor
Posts: 3,668
Registered: ‎01-10-2008
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Re: Barclay and new accounts!

[ Edited ]

OilFieldEngineer wrote:

I wouldnt max it out. Personally I charged only the 3250 out of my 5K purchase for my new MacBook Pro. Put the rest on my debit card just felt really uneasy maxxing it out with new accounts within the last quarter.


This apparently can be a sticking point as PP, would continue to use the card as a tool responsibly, if they want to act out, so be it. A good example of why diversification can be key.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Valued Contributor
Posts: 2,153
Registered: ‎09-16-2011
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Re: Barclay and new accounts!


altayar wrote:

So as some of you know, I opened a Barclay account last week. It reported on the next the day! My Discover and Chase Amazon card were opened before Barclay's but they're not reporting yet. Should I be worried that when they report Barclay would do something to my account?

 

Should I tell them that they were opened before!


I think its really an issue if you had to recon barclays one or more times to get approved, which shows you really were a boarderline approval then soon after you do other things that give them even more reasons to question your credit worthyness, If you came in with a 740 Fico, and a low UTL on all your cards add a few more accounts won't raise any red flags. But if you were a 620 and max out your Barclays card and add a few more accounts look out for issues. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 8.5k and a nice stack of store cards.
Last APP/HP 4/22/2015
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

Re: Barclay and new accounts!

I had to recon but it was an extremely simple process. I was told the system denied me and the rep I talked to didn't seem to have any issue with my credit report. I will only max out the card for two weeks, then I will pay half the balance and the other half in another two weeks.

 


jamesdwi wrote:

altayar wrote:

So as some of you know, I opened a Barclay account last week. It reported on the next the day! My Discover and Chase Amazon card were opened before Barclay's but they're not reporting yet. Should I be worried that when they report Barclay would do something to my account?

 

Should I tell them that they were opened before!


I think its really an issue if you had to recon barclays one or more times to get approved, which shows you really were a boarderline approval then soon after you do other things that give them even more reasons to question your credit worthyness, If you came in with a 740 Fico, and a low UTL on all your cards add a few more accounts won't raise any red flags. But if you were a 620 and max out your Barclays card and add a few more accounts look out for issues. 

 

 




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