10-16-2012 06:03 PM
I would stronly suggest if you want a credit card, and this is your first credit card, do not choose Barclays.
I had my card with them and all was great until Sept 2012. I sent them 900 bucks to pay on my account and they put a (5) business day hold on that payment. I made another 900 payment and same thing. I made another 900 payment and again a (5) business day hold. At the time all this started, my account was and is in great standing and I never had a returned payment or anything like that.
They would probably be ok to have as a secondary card. The reason why I say they are not good for someone to get as their primary card is because if you make a payment on your account, then the next day they place a hold on that payment, don't tell you, then you go to dinner that evening, as I did, and that is your only method of payment, they cannot release the hold...you are left washing the dishes.
10-16-2012 06:05 PM
I agree. After never really having them personally. I think they are much hyped. Discover, Chase, AMEX all beats them everytime!
10-16-2012 06:11 PM
I was going for them but after hearing this on pultiple post I will not now. Seems stupid to me. I have charge 1K plus and paid in full on all my other cards for years and had never ran into a situation like this before.
10-16-2012 06:18 PM
I would not encourage anyone to just have one card. At the least everyone should have two. Any card can have a payment hold or any other problem that would cause you not to be able to use it. That is one of the reasons I carry around a small amount of cash.
10-16-2012 06:55 PM
Wow...I have paid them $1400 plus in a single payment and never had them hold a payment. But then again, I've only had them eleven months so far. I've also made multiple payments in the month and no hold. I agree with your conclusion though, having only one card is risky if the card decides to do strange things (like hold payments).
10-16-2012 08:10 PM
IMO, its really not a good idea to have only one credit card period, whether its barclays or anyone else. You always want backups, preferably 1 of each payment network.
10-16-2012 08:11 PM
10-16-2012 08:39 PM
10-16-2012 08:54 PM
Although I agree with your sentiments about not having just one card, I think where you might have erred is paying through their website. I think you made a similar post previously and someone mentioned pushing a payment through to them from your bank account instead of through their website. I have made consecutive large payments from Barclays via my bank account and never a hold. I wouldn't berate Barclays, per se, I just think you should explore all of your payment options to ensure you are making the right one to meet your needs.
10-16-2012 09:03 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO