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Frequent Contributor
ficojoe
Posts: 308
Registered: ‎07-21-2012

Can I qualify for a Barclay's Card? Perhaps Discover?

[ Edited ]

I've been denied a few times, I am wondering if it is time to try again. My concern is that I will be denied for too much recent credit. Notice the account opened dates on my accounts. I'm interested in the Barclay's Choice Hotels Card, perhaps also a discover card. Would I be approved for these today or should I wait? Below is what my current TU report looks like.

 

TU FICO, as of 2/8/13: 716

 

Inquiries on TransUnion as of 2/24/13: 1 (Ford Motor Credit 12/3/12)

 

EDIT: The only negative information is on 6 closed sallie mae student loans, they all have 120 day late payments reporting from May 2006 through Jan 2007.

 

All revolving credit is paid in full every month, the balances shown are accounts that were not paid before the statement date last month.

 

Revolving Credit
Open:
American Express: $322, limit $6,000, min. payment $0, opened 11/15/2013
GECRB/SAMS: $0, limit $800, opened 10/31/2012
GECRB/WAL-MART: $0, limit $850, opened 7/22/2012
GECRB/PAYPAL Extras Mastercard: $727, limit $3,000, min. payment $25, opened 2/2/2012
Shell Citibank CBNA: $0, limit $800, opened 10/30/2012
LA Financial Line of Credit: $0, limit $2,068, opened 10/16/2012
DCU Visa: $0, limit $7,500, opened 11/3/2012
GECRB/Amazon: $0, limit $1,900, opened 7/25/12
Kay Jewlers, $0, limit $1,000, opened 7/20/2012

Closed:
NFCU Visa, limit $7500, owed $0, opened 8/2/2012, now closed
NFCU Visa, limit $2500, owed $0, opened 8/19/2012, now closed
NFCU Line of Credit, limit $7,500, owed $0, opened 2/2/2012, now closed
Capital One, limit $1000, owed $0, opened 7/27/2012, now closed
Shaw's Jewlers, limit $205, owed $0, opened 10/3/2002, now closed

 

Installment loans:
Open:
Student Loan: $12,011, payment: $118, opened 8/13/2007
Student Loan: $9,333, payment: $92, opened 4/13/2007
Student Loan: $3,666, payment: $40, opened 4/24/2009
Student Loan: $4,666, payment: $70, opened 4/24/2009
DCU Car Loan, high balance $19,513, current balance $17,728, payment $317, opened 12/4/12
Closed:
(10 closed student loans reporting - I will not list each one individually)
Mortgage service center: $0, high bal: $133,898, opened 12/1/2001, now closed
Chase: $0, high bal: $135,000, opened 8/29/2003, now closed

 

Summary 
TransUnionExperianEquifax
  TOTAL ACCOUNTS:314023
  OPEN ACCOUNTS:141415
  CLOSED ACCOUNTS:17268
  DELINQUENT:000
  DEROGATORY:000
  BALANCES:$48453.00$39452.00$48513.00
  PAYMENTS:$662.00$605.00$697.00
  PUBLIC RECORDS:000
  INQUIRIES(2 years):13025
Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,172
Registered: ‎10-02-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?

[ Edited ]

i mean they do pull TU is mostly all cases and that 1 inq. should not hurt. you have paid your debt as agreed, sooo why not? You should be fine. If it were were EQ or EX who they pulled then it would be a BIG N.O hahha. OH Wait you have opened new acct's last year soo it all depends on Discover and barclay, you can always recon.


$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Contributor
teddybearkelli1
Posts: 109
Registered: ‎11-06-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?

My husbands scores are in the mid 600's at best and he has lots of declines but has opened 3 new, low limit, GE backed store cards in the past month. Barclays Rewards Card just approved him with a 500 limit.

FICO scores: 790 (EQ) 786 (EX) 796 (TU) |
My Wallet:NFCU CR Visa 24k, AMEX Delta Gd 20k, Walmart Discvr 12k, USAA Plat RA MC 13k, BECU Visa 10k, NFCU NR MC 5k, Sams Discvr 10k, Sportsmans Visa 10k, WF Plat Visa 10k, Paypal Extra MC 10k, BofA Fraternity MC 10k, Sams Credit 10k, USAA World MC 9k, Military Star 8.2k |BOA CR 8k |AMEX Evrdy 8k |Lowes 7.3k | Chase Military Star MC 6k, JCPenneys 5k, Discover IT 5k , Gymboree Visa 4.5k, Sears MC 4k, TJX MC 3.5k, ToysRUS Card 3.5k, Chase Amazon Visa 3k, Home Depot 3k, Citibank Simplicity 4.5k, Amazon Store 2.5k, Fred Meyers Visa 2.5k, Target 2k, Kohls 2k, ITunes Visa 2k, Macys 2k, Barclays Visa 1.7k, Vystar CU Visa 1.5k
Community Leader
Senior Contributor
myjourney
Posts: 25,139
Registered: ‎02-07-2013

Re: Can I qualify for a Barclay's Card? Perhaps Discover?


teddybearkelli1 wrote:

My husbands scores are in the mid 600's at best and he has lots of declines but has opened 3 new, low limit, GE backed store cards in the past month. Barclays Rewards Card just approved him with a 500 limit.


Time to stop getting inquiries and age those cards now and watch the scores soar...good luck and congrats on the new TL

 

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it...6/6/14 Plat is all mine
Community Leader
Valued Contributor
starry1
Posts: 2,067
Registered: ‎11-29-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?

Barlclays is inquiry sensitive, I think Discover might be as well.  I'd suggest gardening until a lot of those inquiries age off.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 6/2614 TU 624; EQ 635; EX 610
Goal Score:  625 for now– New goal 675

Cap1 sec $700 (SD) / FP $300 (closed) / Fingerhut $1300 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k
Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)
Frequent Contributor
ficojoe
Posts: 308
Registered: ‎07-21-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?


starry1 wrote:

Barlclays is inquiry sensitive, I think Discover might be as well.  I'd suggest gardening until a lot of those inquiries age off.


My TransUnion report only has 1 inquiry. However, I do have several accounts created between 3-7 months ago.

Frequent Contributor
ficojoe
Posts: 308
Registered: ‎07-21-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?

I do not want to waste an Inquiry so I want to be fairly sure I will get approved before applying. I have 9 open revolving accounts that are 3-7 months old. Plus one new installment loan and 4 more revolving accounts opened less than a year ago that I already closed.

 

I applied with Barclays 3 times over the last year, was denied 3 times and recon failed 3 times.

 

So, the real question is --- are they inquiry sensative or new account sensative or both?

Established Contributor
sccredit
Posts: 770
Registered: ‎09-14-2012

Re: Can I qualify for a Barclay's Card? Perhaps Discover?


ficojoe wrote:

I do not want to waste an Inquiry so I want to be fairly sure I will get approved before applying. I have 9 open revolving accounts that are 3-7 months old. Plus one new installment loan and 4 more revolving accounts opened less than a year ago that I already closed.

 

I applied with Barclays 3 times over the last year, was denied 3 times and recon failed 3 times.

 

So, the real question is --- are they inquiry sensative or new account sensative or both?


Both. 

 

Discover will pull EQ so I would stay away from that one.

Mortgage $299k/$310k
Autos Loans $49.5k/$60k
Unsecured Lines $157.2k

Discover FICO 732
DCU FICO 718


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