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Valued Contributor
bigblue7722
Posts: 1,278
Registered: ‎05-17-2013
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Re: Barclaycard Gets Axed

[ Edited ]

I just got this barclaycard it is the first real credit card company to give me a chance. I think its a great card with no annual fee 2% cash back on gas, supermarket, and utilites and 1% on anything else. Then adding free tu 08 fico score on top of that how can you go wrong? Just let the inq fall off and try again for a cli?  The only time I see where its worth to close a card is if there is an annual fee or its a card that does not have any rewards at all. Idk maybe that's just me but maybe 3 or 4 years down the road you might want the arrival card. Approval would be a lot easier if you can build more history with a company. 

TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,Us Airways mastercard $7500, CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
Valued Contributor
FinStar
Posts: 6,872
Registered: ‎10-21-2012
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Re: Barclaycard Gets Axed - Update


Jasir wrote:

Barclaycard is off the chopping block. They CLI'd me from $750 to $2050, SP.  Pleasant surprise and keeps them in my line-up.


As most others had chimed in your original post, now you see what a little time can do for a lender and obtaining the CLI?   Often times you can't let emotions clout the overall scheme of things, it's just plain business.  Now you have the extra room to use the card accordingly.

Valued Contributor
Themanwhocan
Posts: 1,826
Registered: ‎04-04-2013
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Re: Barclaycard Gets Axed


ptilda wrote:

I'm actually on my break ... at Comcast, where I am employed as a private in his army of leeches! hehe... let me know if you need inside information on our best deals :smileywink:


Is it even possible to remove services from comcast.com? They have lots of ways to add on more features, but i cant figure out how to remove features I no longer wish to pay for... I have Two "free" digital converter boxes that aren't even conected anymore, yet I still am paying $2 each for service...

 

Or maybe I need someone higher up than Private Leech. Is Major Bloodshed available? Or does this require speaking to the Comcast Billing Vampires?


Valued Contributor
FinStar
Posts: 6,872
Registered: ‎10-21-2012
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Re: Barclaycard Gets Axed


Themanwhocan wrote:

ptilda wrote:

I'm actually on my break ... at Comcast, where I am employed as a private in his army of leeches! hehe... let me know if you need inside information on our best deals :smileywink:


Is it even possible to remove services from comcast.com? They have lots of ways to add on more features, but i cant figure out how to remove features I no longer wish to pay for... I have Two "free" digital converter boxes that aren't even conected anymore, yet I still am paying $2 each for service...

 

Or maybe I need someone higher up than Private Leech. Is Major Bloodshed available? Or does this require speaking to the Comcast Billing Vampires?


LMAO!!!  So true and so many horror stories about Comcast.

Regular Contributor
Jasir
Posts: 244
Registered: ‎04-05-2013
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Re: Barclaycard Gets Axed - Update


FinStar wrote:

As most others had chimed in your original post, now you see what a little time can do for a lender and obtaining the CLI?   Often times you can't let emotions clout the overall scheme of things, it's just plain business.  Now you have the extra room to use the card accordingly.


I am not sure why so many people insist I was being emotional, lol. (I almost feel like there is no point in having a discusion if people will just disregard what you say). I was being practical. I have 6 credit cards -- 2 more than I prefer to manage. That means at least one, perhaps two would get axed at some point. Barclay gave me reason to consider closing them--they weren't growing quickly enough to warrant my continued investment; it was purely a business decision on my part as much as it was on Barclay's. I closed Capital One purely for practical reasons 6 months prior and I have SD Walmart for practical reasons. I rarely let emotions influence my financial relationships (not with big business anyway; personal relationships is another matter).

 

FinStar, I do appreciate the message you are getting across: don't act hastily. But I wasn't. I actually said if they auto-CLI increased me within the next 6 months I'd keep them. Now, the next likely candidate to go with be my Chase Slate--purely business, nothing personal.



Amex BCE: $6000 - Bank of America Cash Rewards: $5000 - Bank of America Better Balance: $1000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $1700 - Discover IT: $1200 - Walmart Store: $800
Frequent Contributor
ForMyBiz
Posts: 283
Registered: ‎08-19-2013
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Re: Barclaycard Gets Axed - Update

Would you mind sharing what your stats look like now since they did finally auto CLI you?  I'm curious because they started me at $750 as well and I'm approaching 6 months, but have lots of INQs too.

 

You're at the 7 month mark now?

Regular Contributor
MACFRME
Posts: 238
Registered: ‎07-04-2008
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Re: Barclaycard Gets Axed - Update

I trust AmEx before I would ever trust Barclay's... They have screwed the pooch too many times. If I have have more than a couple of new accounts, decide to let a balance report, or do anything they don't like, I would have to worry about my account being closed. They are not worth my time and they do not operate in way that makes the consumer feel trusted in any way. I don't have to constantly worry that my other cards will be declined.I used to have their iTunes Visa with a $250 CL, and they closed my account because I had too many new accounts (like 4). That's not even enough of a CL to pay for a nice dinner!
Cards I Carry
$1K$5K$7.5K$12K$20K$12k$5k$6k$12.5k
Total Available Credit: $83.4k | FICOS: EX 632 | EQ 643 | TU 671
Store: Nordstrom Retail $5k and Target $800. Recently acquired: U.S. Bank Cash Rewards Visa $1k.
Valued Contributor
juggalo9er
Posts: 1,634
Registered: ‎10-24-2013
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Re: Barclaycard Gets Axed - Update

@finstar..i work for a cable company and there are much better and cheaper options, google rabbit tv for example

the beatings will continue until moral improves Wal-Mart lowes, quicksilver, nasa, forum, Indiana members, nfcu, Barclay, upromise

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Valued Contributor
FinStar
Posts: 6,872
Registered: ‎10-21-2012
0

Re: Barclaycard Gets Axed - Update


juggalo9er wrote:

@finstar..i work for a cable company and there are much better and cheaper options, google rabbit tv for example


Duly noted juggalo9er... thanks for the insight!

Regular Contributor
Jasir
Posts: 244
Registered: ‎04-05-2013
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Re: Barclaycard Gets Axed - Update


ForMyBiz wrote:

Would you mind sharing what your stats look like now since they did finally auto CLI you?  I'm curious because they started me at $750 as well and I'm approaching 6 months, but have lots of INQs too.

 

You're at the 7 month mark now?


Sure. I opened 2 new accounts in November: Amex and Discover: those liklely were not reporting yet when Barclaycard gave the CLI.

So the way my stats may have looked looked is:

 

Chase: 100% utlization (BT'd from Walmart & Barclaycard)

Barclay Rewards: 13% utilization

Bank of America: 0% utilization

Walmart: 0% utilization

INQ: 14 on TU (who Barclays pulls and my highest of all 3 bureaus)

 

Not to confuse the situation, but if the auto-CLI came before the BT was showing on file (I doubt it because Chase updates quickly I think), this is what they would have seen to base the auto-increase on:

 

Chase: 0% utilization

Barclay Rewards: 13% utilization

Bank of America: 0% utilization

Walmart: 70% utilization

INQ: 14

 

I'm actually in my 6th statement period. I asked for my CLI at the end of November a few days before my 6th statement. Got denied. You know the rest.



Amex BCE: $6000 - Bank of America Cash Rewards: $5000 - Bank of America Better Balance: $1000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $1700 - Discover IT: $1200 - Walmart Store: $800

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