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Barclay's Product Change?

Senior Contributor

Re: Barclay's Product Change?

Got ya, remember the intreast rate is pretty high on the apple card so you probably would not want to carry a balance very long

Message 11 of 18
Super Contributor

Re: Barclay's Product Change?


john398 wrote:

Got ya, remember the intreast rate is pretty high on the apple card so you probably would not want to carry a balance very long


OOhh very true, I think if its not apple purchase it's around 22%




Message 12 of 18
Established Contributor

Re: Barclay's Product Change?

hey every one thanks so much for the response. I'll pay the whole thing off in 3 months so hopefully that will earn some trust with Barclay's. I feel alot better after hearing everyones opinion. The interest rate is really high (22%) so I'll make sure I pay off a lot of it right away. This is the first real vacation I'll be going on in many years. I owe so much to MyFico.

 

 

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.



Message 13 of 18
Senior Contributor

Re: Barclay's Product Change?

My statement cut today, and it says my intreast is 22.99% of course I have a year no intreast on the apple items Smiley Happy

Message 14 of 18
Community Leader
Valued Contributor

Re: Barclay's Product Change?

I understand the concern with Barclays, but I believe you to be over cautious!  Smiley Happy  I have spoken with the Analyst at Barclays Bank and they tell me that they want you to use the card.  The key to developing a good relationship with them is making strong payments on time, not exceeding your limits and not going on app sprees.  (that last one is a biggy) It looks like you are actively seeking credit and they get nervous because the credit they have extended you is what they felt you could handle at the time and seeking more means the possibility that you may not be able to repay if something comes up.  They are proactive to losing money so thus the many threads regarding closures and CLD because of apping after getting their card. 

Use your card frequently and within the limit and always pay on time and with good healthy payments and you will be good.

Have a GREAT vacation!

Smiley Tongue


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 15 of 18
Established Contributor

Re: Barclay's Product Change?

off topic???

 

Anyone know what the CL Max on the NFL card is??

 

Sorry 4 hijacking???


Message 16 of 18
Valued Contributor

Re: Barclay's Product Change?


amercnchopz34 wrote:

off topic???

 

Anyone know what the CL Max on the NFL card is??

 

Sorry 4 hijacking???


It all depends on what card you have.  Siggy Visas and World MCs likely will go higher than the Platinum editions.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Message 17 of 18
Highlighted
Valued Contributor

Re: Barclay's Product Change?

There's no reason to believe that using their card would result in card closure.  Use the sucker!  Pay it off as fast as you can if you don't have 0%.  These companies want us to use their cards, hehe.  Smiley Wink

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


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Message 18 of 18