Barclaycard Frontier airlines CLD

traveler2005 · ‎01-22-2016

got a email saying that I was approaching my limit, thought that is ridiculous, my limit was 12,000 and am not nearly at that limit 780.00 showing for balance, limit slashed down to 1,050.00 waiting for the shoe to drop on the rest of my barclay cards. I think I went to fast and furious on my credit rebuild! opened too many cards, too fast, don't really blame them.

Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board

Take the FICO Fitness Challenge

Last HP 6/10/2015

myjourney · ‎01-22-2016

Wow my friend sorry to hear this...

This is your 2nd recently isn't it?

Hunker down and ride out the storm as best you can and then build up again

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

KSK1912 · ‎01-22-2016

Sorry to hear they AA'ed your account. How long have you had your accounts with Barclays and how many more did you open since you applied with them? This can be a very informative data point that are in the same situation as you are.

6/14/15: Equifax 576 Experian 542 Transunion 571
8/17/15: Equifax 626 Experian 619 Transunion 622
9/28/15: Equifax 655 Experian 636 Transunion 641
11/11/15: Equifax 698 Experian 687 Transunion 672
Short Term Goal Score: 720 Across the board

Take the myFICO Fitness Challenge

Are you free Tuesday..?

traveler2005 · ‎01-22-2016

@myjourney wrote:
Wow my friend sorry to hear this...
This is your 2nd recently isn't it?
Hunker down and ride out the storm as best you can and then build up again

yes discover cut my limit 2000 down to 1200.

I do understand but 11,000 just like that, no warning, all I got from them was we sent you a letter did you receive it? I said no I didn't, can you read it to me? Sorry you will have to call back monday and talk to one of our account specialist. Probably will pay off and close card, I do have about 45,000 miles on the frontier airlines, don't know if I can use them if card closed or if I can since they are part of a rewards program. Does anyone know?

Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board

Take the FICO Fitness Challenge

Last HP 6/10/2015

KSK1912 · ‎01-22-2016

@traveler2005 wrote:
@myjourney wrote:
Wow my friend sorry to hear this...
This is your 2nd recently isn't it?
Hunker down and ride out the storm as best you can and then build up again
yes discover cut my limit 2000 down to 1200.

I do understand but 11,000 just like that, no warning, all I got from them was we sent you a letter did you receive it? I said no I didn't, can you read it to me? Sorry you will have to call back monday and talk to one of our account specialist. Probably will pay off and close card, I do have about 45,000 miles on the frontier airlines, don't know if I can use them if card closed or if I can since they are part of a rewards program. Does anyone know?

Thinking logically you should be able to use it because your miles are with the airline, not necessarily with the credit card cmpany. Such as people opening up a credit card to get the sign up bonuses, and then close the account at the end of the year and just keep the miles they accumulated.

6/14/15: Equifax 576 Experian 542 Transunion 571
8/17/15: Equifax 626 Experian 619 Transunion 622
9/28/15: Equifax 655 Experian 636 Transunion 641
11/11/15: Equifax 698 Experian 687 Transunion 672
Short Term Goal Score: 720 Across the board

Take the myFICO Fitness Challenge

Are you free Tuesday..?

traveler2005 · ‎01-22-2016

@KSK1912 wrote:
Sorry to hear they AA'ed your account. How long have you had your accounts with Barclays and how many more did you open since you applied with them? This can be a very informative data point that are in the same situation as you are.

I have 4 accounts, the first one my apple has been open since 2011, the others over the past year, yes I have opened many accounts in the past year, purchased a car for my daughter, and have a boat load of inquiries.

I am about 26% utilization, AAOA about 3years

Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board

Take the FICO Fitness Challenge

Last HP 6/10/2015

myjourney · ‎01-22-2016

@traveler2005 wrote:
@myjourney wrote:
Wow my friend sorry to hear this...
This is your 2nd recently isn't it?
Hunker down and ride out the storm as best you can and then build up again
yes discover cut my limit 2000 down to 1200.

I do understand but 11,000 just like that, no warning, all I got from them was we sent you a letter did you receive it? I said no I didn't, can you read it to me? Sorry you will have to call back monday and talk to one of our account specialist. Probably will pay off and close card, I do have about 45,000 miles on the frontier airlines, don't know if I can use them if card closed or if I can since they are part of a rewards program. Does anyone know?

Use all points before closing

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

ddemari · ‎01-22-2016

Unfortunately they don't warm.
Dang I'm sorry!

Anonymous · ‎01-23-2016

@traveler2005 wrote:
@myjourney wrote:
Wow my friend sorry to hear this...
This is your 2nd recently isn't it?
Hunker down and ride out the storm as best you can and then build up again
yes discover cut my limit 2000 down to 1200.

I do understand but 11,000 just like that, no warning, all I got from them was we sent you a letter did you receive it? I said no I didn't, can you read it to me? Sorry you will have to call back monday and talk to one of our account specialist. Probably will pay off and close card, I do have about 45,000 miles on the frontier airlines, don't know if I can use them if card closed or if I can since they are part of a rewards program. Does anyone know?

OP, if you have AA from two banks, has anything changed in your reports? Has your utilization gone up? Racked up inquiries? What I'd do is pay down the balance down on the Barclays card that was reduced.

Anonymous · ‎01-23-2016

I also would not close it in this case as it would help your utilization by staying open and at a 0 balance.