@kdm31091 wrote:
@visorboy1974 wrote:
75% of my CL. However, if they don't want me to use it, don't send me the offer with terms that I can transfer UP TO my credit limit. I paid it down in some good chunks, and it still didn't matter...any big chunk meant another CLD.
I agree with what you are saying but in most cases it is not just doing a balance transfer that triggers AA. With many lenders, doing a BT triggers a review on one's account. So it's likely that during said review, it was determined something else was not up to their par. Just because they send out offers does not mean they aren't going to review your account if you use it.
That said, it seems like based on anecdotal evidence only, doing a BT with Barclay's is rarely a good idea. Every lender has its ins and outs and it simply seems their "review your account" criteria is stricter than most lenders. However, with most AA stories, we are not getting the full picture, only the snapshot of what the poster decides to tell us. I have never done a BT with my Barclay card and don't intend to. If you (not you specifically) find yourself needing to do BTs often, you may be in financial trouble in a sense, which is the whole reason creditors review accounts when you do one.
I agree with you on if you do a fairly large BT and a good percentage of your CL then they most likely will review your account prior.. With that said, they should just not honor the BT and decline it before it happens rather than balance chase a person. Just my thought on it, especially if person if making way larger than needed payment.
Not sure if you are aware of this or not but Barclay's pushes BT's like no one else, they really want you to use them as they make $ of them obviouslly.. It is a fine line what they deem acceptable or not and no one knows this line which is what is messed up at least in my opinion. This has been an issue with multiple people recently and thus these type of posts. If you don't want BT's don't push them like crack or before honoring them and then balance chasing someone, just turn them down. Just my 2 cents. What they don't care about is when they balance chase you they are essentially maxing out your credit on one CL/TL and thus hurting the consumer score wise and credit wise in general which again just isn't right.
But they didn't chase me. I bt the balance off the card and now it sits at $0 where it will remain till I close it or they close it for inactivity. Lol