05-16-2010 08:31 PM - edited 08-20-2010 04:36 PM
Hi Everyone --
Just wanted to say that I was just approved (instant) for a $1490.00 CL with Barclay (Apple Card). I just pulled my TU FICO score off this site and it's at 767 -- A tremendous improvement from my 598 a year ago!
Here are some of my stats:
Income = $75,000.00
Credit History = 15 years
Utilization = 0.00%/ 100% available
Capital One = $500 CL (opened 03/2007)
Capital One = $750 CL (opened 09/2009)
Orchard = $900 CL (opened 04/2007)
Orchard = $2000 CL (opened 04/2007)
Inquiries = 5 (before applying for barclaycard)
3 installment account being rated; 30 day late = 1.4 years ago on installment account
Hopefully this helps a few of you gague your chance of approval...
I do have a few of questions though...
(1) With that score and history, should I try to contact Barclay and ask for a larger initial credit limit?
(2) For those of you that have the card, how often do they do credit line increases?
(3) Is Barclay considered a prime card such as BofA or Citi? I really dislike my Capital One and Orchard Bank cards (subprime)
05-17-2010 03:31 AM
Unfortunately the particular card you app with Barclays has a history of rather low limit approvals regardless of scores. I doubt if the CLI on the Apple financing card will be too impressive but you could give it a try.
05-17-2010 06:30 AM
Call for a recon, they should give you one with little issues.
05-17-2010 07:07 AM
RE: ngerasimatos "Call for a recon, they should give you one with little issues."
Thanks ngerasimatos... I called the customer service number 866-483-3735 and asked to speak with an account manager to review my application. After reviewing my application and credit report, I was approved for an initial CL of $4000.00!
score_building was right, this card is mainly used as a "large puchase" card (such as the purchase of a new apple computer), but after a quick discussion with the account manager on how I intended to use the card, he had no issues increasing the CL.
Thank for the help everyone!
05-17-2010 07:13 AM
Awesome. They are a great company, thats for sure.
05-17-2010 07:19 AM
I was thinking of purchasing a MacBook Pro, just curious as to their credit requirements, any insight would be great..Ya know fico scores they look for, what they like to see on CR's, what they don't like to see, etc....Any info would be helpful
05-17-2010 07:21 AM
I can tell you this, they only pull TU and are flexible on scores, however they dont like to see lots of recent inqs or high util. If denied, call for a recon via the tellie and if they can do anything to approve you, they will.
05-17-2010 08:07 AM
Dang read my post about my Gconomy Card denied, so i shouldnt of recond via mail, i felt i had to simply to show that the crediotors that promised to delete the anuthorized inqs. would be neeeded DO they have a fax line??
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.