Barclays..Hit or Miss!!

baller4life · ‎03-03-2015

I've been seeing ALOT of Barclays threads regarding denials,unsuccessful recons,clds. And I just felt like we need to reiterate the nuisances of Barclays so newbies won't be wasting hps.

1) Revolving History- they like to see at least 6 months to 1 yr of positive cc history. The Apple Rewards,NFL and Rewards MasterCard for Avg Credit are their most lenient cards.

2)New Accounts/Inqs - I am seeing ALOT of denials based on this. They absolutely hate a lot of new accounts and inqs. Some analysts look at past 6 months,some past year. I have personally had both. So if you app with a lot of new accounts,be prepared to recon and have a good explanation on deck.

3)Utilization - Absolutely make sure util is low when applying. This is another pet peeve of theirs. I was denied before because I showed balances on TWO cards.I believe my total util was like 25%.

4)Recon Recon Recon - they are known for their willingness to recon denials by computer. So if denied, call backdoor analyst. They also have a 24/7 line. Sometimes it takes more than one call. Many have called multiple times before they got an approval. All depends on who you talk to.

If anyone has anything else to add,please do.

mitchblue · ‎03-03-2015

Very helpful..

FICO® 8 Scores 821 FICO® 9 Equifax 826 (Updated 02-7-23)

bengalikejenga · ‎03-03-2015

you speak the Truth Baller.... Preach.

Cap 1 Quicksilver1 ($5,000) opened 03/2013

Cap 1 Quicksilver ($1,500) opened 04/2014

Cap 1 Union Privileges ($750) opened 06/2014

BOA Cash Rewards VS($9,100) opened 02/2015

Sallie Mae World MC($5,200) opened 05/2015

Cap 1 Quicksilver ($5,000) opened 07/2015

Ex681 Tu694 EQ708

onstar · ‎03-03-2015

@baller4life wrote:
1) Revolving History- they like to see at least 6 months to 1 yr of positive cc history. The Rewards MasterCard for Avg Credit is their most lenient card. So if you have a thin file, this is the card for you.

2)New Accounts/Inqs - I am seeing ALOT of denials based on this. They absolutely hate a lot of new accounts and inqs. Some analysts look at past 6 months,some past year. I have personally had both. So if you app with a lot of new accounts,be prepared to recon and have a good explanation on deck.

These are especially true if you're trying to get multiple cards from Barclay. They like to see a good revolving history with Barclay before issuing a second card.

BK DC 4/9/2018
FICO 08 (4/9/2018): EQ 647 EX 609 TU 620
FICO 08 (10/16/2020): EQ 676 EX 659 TU 653

barthooper · ‎03-03-2015

@onstar wrote:
@baller4life wrote:
1) Revolving History- they like to see at least 6 months to 1 yr of positive cc history. The Rewards MasterCard for Avg Credit is their most lenient card. So if you have a thin file, this is the card for you.

2)New Accounts/Inqs - I am seeing ALOT of denials based on this. They absolutely hate a lot of new accounts and inqs. Some analysts look at past 6 months,some past year. I have personally had both. So if you app with a lot of new accounts,be prepared to recon and have a good explanation on deck.

These are especially true if you're trying to get multiple cards from Barclay. They like to see a good revolving history with Barclay before issuing a second card.

Interesting. I must be an outlier then because my first card was the Rewards MasterCard for Avg Credit last January and they approved me for Sallie Mae in May.

TRC_WA · ‎03-03-2015

@onstar wrote:

These are especially true if you're trying to get multiple cards from Barclay. They like to see a good revolving history with Barclay before issuing a second card.

Exactly why I spent 16 months with the craptastic Apple (no rewards) Financing card prior to my app for Sallie Mae... which was an instant approval for 5 times the limit I had with the Apple card.

They care a lot more about history with them than with someone else.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24

itguy_65 · ‎03-03-2015

I apped for the US Airways Visa. Called the recon number twice. Both times, told that my 6 months experience with my current Barclay's card is not enough, they need to see more experience to issue another card. I also didn't use the card the first 3 moths I had it. My util is only 4%, but may also have to do with the 11 inquiries 6 months ago.

EQ (3/24/17): 820 TU (3/24/17): 799 EX (3/24/17): 806

baller4life · ‎03-03-2015

That's bull! I got RMC March 2014, Ring in August. It really depends on the analyst!

JustBPatient · ‎03-03-2015

I was told just the other day that they are looking for 6 months and then you are welcome to apply for more products.

Amex Gold =Amex ED 20k = Amex BCP 14k = Amex SPG Lux 2k = Arrival 2k = Ring 14k = BOA 321 30k = BOA BBR 10k = CSR 25k = Freedom 10k = Citi Simplicity 9k = Citi DC 5k = Citi DP 3k = DCVR IT 16k = DCVR IT(2) 10k = CAP1 QS 15k = NFCU CR24k/AE25k/CLOC 15k = BBVA 14k = Wells Plat. 5k = (2) US Bank Cash+ 13k, 18k = PenFed 17k

FICO scores TU 764 EX 739 EQ 745

baller4life · ‎03-03-2015

They very well may be tightening up on that now.Policies are certainly ever changing. Thanks for the input.