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Contributor
Posts: 93
Registered: ‎05-21-2013
0

Barclaycard....Horrible Card

I have this card for less than month and it was closed because of inquiries.  I will pay this card off and never do business with them again.

MYFICO SCORES: 06/2013 = 697 (TU) - 06/2013 = 685 (EQ) - 06/2013 = 666 (EX)

Capital One Quicksilver $2500 (07/2013) Walmart Credit Card $550 (06/2013) Barclaycard Rewards $1300 (06/2013) Chase Freedom $1500 (06/3013) Chase Amazon $500 (7/2013) TTCU $2500 (7/2013)
Jcrew $650 (06/2013) Express $500 (06/2013) Victoria Secret $350 (06/2013) Macys $300 (08/2013) Phillips 66 CU $6000 (08/2013) Capital One Venture $5000 (10/2013) Discover IT $1000 (10/2013) Chase Disney $1500 (10/2013)

DENIED: BOFA Unsecured (06/2013, EX)

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Established Contributor
Posts: 545
Registered: ‎03-20-2009
0

Re: Barclaycard....Horrible Card

Based on numerous comments from other posters on this forum this seems to be very common practice for Barclays.

Starting Scores 10/12: EQ 460 (FICO)/TU 502 (FAKO)/EX 474 (FAKO)
Current (7/14): EQ 572 (FICO)/TU 624 (FICO)/ EX 612 (FICO)



Contributor
Posts: 93
Registered: ‎05-21-2013
0

Re: Barclaycard....Horrible Card

My plan is to actually transfer the balance to another card ASAP.  I don't even want a balance to remain on that card any longer than required.

MYFICO SCORES: 06/2013 = 697 (TU) - 06/2013 = 685 (EQ) - 06/2013 = 666 (EX)

Capital One Quicksilver $2500 (07/2013) Walmart Credit Card $550 (06/2013) Barclaycard Rewards $1300 (06/2013) Chase Freedom $1500 (06/3013) Chase Amazon $500 (7/2013) TTCU $2500 (7/2013)
Jcrew $650 (06/2013) Express $500 (06/2013) Victoria Secret $350 (06/2013) Macys $300 (08/2013) Phillips 66 CU $6000 (08/2013) Capital One Venture $5000 (10/2013) Discover IT $1000 (10/2013) Chase Disney $1500 (10/2013)

DENIED: BOFA Unsecured (06/2013, EX)

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Regular Contributor
Posts: 240
Registered: ‎02-03-2013
0

Re: Barclaycard....Horrible Card

They are very picky when it comes to new accounts. Some of us, like myself get away with it. I opened about 7 new lines of credit within 6mos of being approved for the NFL Card. I have opened 3-4 more before my one year with Barclays. (Still no AA, knock on wood) My util is close to 0% across the board. AAOA is about 1.5 yrs. 

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
0

Re: Barclaycard....Horrible Card

How many inquiries were showing when they shut you down?
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor
Posts: 324
Registered: ‎04-12-2013
0

Re: Barclaycard....Horrible Card

[ Edited ]

You can try to recon. Getting angry on a issuer is valid but Barclays is famous for being sensitive to number of HP's. They mostly want to avoid customer you want credit from too many issuers. Try to be polite during recon and make your case. If they approve your request then SD it. A non active card hurts a lender because they have already set aside capital for the credit limit provided.

 



PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014
Contributor
Posts: 93
Registered: ‎05-21-2013
0

Re: Barclaycard....Horrible Card


pizzadude wrote:
How many inquiries were showing when they shut you down?

5 since the card was opened.

MYFICO SCORES: 06/2013 = 697 (TU) - 06/2013 = 685 (EQ) - 06/2013 = 666 (EX)

Capital One Quicksilver $2500 (07/2013) Walmart Credit Card $550 (06/2013) Barclaycard Rewards $1300 (06/2013) Chase Freedom $1500 (06/3013) Chase Amazon $500 (7/2013) TTCU $2500 (7/2013)
Jcrew $650 (06/2013) Express $500 (06/2013) Victoria Secret $350 (06/2013) Macys $300 (08/2013) Phillips 66 CU $6000 (08/2013) Capital One Venture $5000 (10/2013) Discover IT $1000 (10/2013) Chase Disney $1500 (10/2013)

DENIED: BOFA Unsecured (06/2013, EX)

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Contributor
Posts: 93
Registered: ‎05-21-2013
0

Re: Barclaycard....Horrible Card


NewtoCredit80 wrote:

You can try to recon. Getting angry on a issuer is valid but Barclays is famous for being sensitive to number of HP's. They mostly want to avoid customer you want credit from too many issuers. Try to be polite during recon and make your case. If they approve your request then SD it. A non active card is hurts a lender because they have already set aside capital for the credit limit provided.

 


No such luck, tried to recon the account.  I was very polite, but was boiling on the inside.  They said that maybe in 6 months to try again and I politely said no thanks.

MYFICO SCORES: 06/2013 = 697 (TU) - 06/2013 = 685 (EQ) - 06/2013 = 666 (EX)

Capital One Quicksilver $2500 (07/2013) Walmart Credit Card $550 (06/2013) Barclaycard Rewards $1300 (06/2013) Chase Freedom $1500 (06/3013) Chase Amazon $500 (7/2013) TTCU $2500 (7/2013)
Jcrew $650 (06/2013) Express $500 (06/2013) Victoria Secret $350 (06/2013) Macys $300 (08/2013) Phillips 66 CU $6000 (08/2013) Capital One Venture $5000 (10/2013) Discover IT $1000 (10/2013) Chase Disney $1500 (10/2013)

DENIED: BOFA Unsecured (06/2013, EX)

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Super Contributor
Posts: 10,642
Registered: ‎04-22-2013
0

Re: Barclaycard....Horrible Card


NewtoCredit80 wrote:

You can try to recon. Getting angry on a issuer is valid but Barclays is famous for being sensitive to number of HP's. They mostly want to avoid customer you want credit from too many issuers. Try to be polite during recon and make your case. If they approve your request then SD it. A non active card hurts a lender because they have already set aside capital for the credit limit provided.

 


I doubt that this is hurting the lender in any real way (CL here was $1,300) and this is much more psychological for the customer than "teaching the bank a lesson" as they will neither know nor care. 

Frequent Contributor
Posts: 324
Registered: ‎04-12-2013
0

Re: Barclaycard....Horrible Card

Well I would recommend that you now garden for 6 months and then apply for either a Amex or a GE card. Both have generous cli policies. Once you have good limits on any those cards then take an HP and apply cli on Chase freedom. Chase sometimes tries to match the existing credit limits. You now need to garden for 6 months. I am also planning to stay in garden for a year.

 



PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014
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