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Senior Contributor
john398
Posts: 3,511
Registered: ‎01-19-2009

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

Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008

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%




Established Contributor
mAndrew1980
Posts: 707
Registered: ‎08-26-2011

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.

 

 

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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)

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Senior Contributor
john398
Posts: 3,511
Registered: ‎01-19-2009

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 :smileyhappy:

Community Leader
Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: Barclay's Product Change?

I understand the concern with Barclays, but I believe you to be over cautious!  :smileyhappy:  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!

:smileytongue:


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Current Score: EQ 798, EX 780, TU 787 (All FICO)
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Established Contributor
amercnchopz34
Posts: 839
Registered: ‎10-28-2011

Re: Barclay's Product Change?

[ Edited ]

off topic???

 

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

 

Sorry 4 hijacking???


Valued Contributor
visorboy1974
Posts: 1,129
Registered: ‎05-17-2010

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.  

Valued Contributor
clocktick
Posts: 1,603
Registered: ‎12-07-2008

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.  :smileywink:

11/30/08 TU 648 EX 672 EQ 656 JUNE 2014 TU 779 EX 764 EQ 721
Amex BCP $24.1K/Clear $8.5- Barclays LLBean $15k/Sallie Mae $12.5 -Cap One QS $4 - 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- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




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