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Valued Contributor
daybreakgonesXe
Posts: 1,864
Registered: ‎11-17-2012
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Giants Rewards/NFL Rewards Card through Barclays

Hey everyone. So I was chatting with my brother who received a preapproved offer for the Giants Rewards card through Barclays. He's visiting me tomorrow so I can review the paperwork before he apps (want to see if its a preapproval or preselected, benefits he was offered, etc.) Before he apps. His creditkarma is a 730 with a $5500 student loan, $750 Capital One Journey, and $5000 Discover Open Road Student.

Questions:

CreditKarma reviews make it seem like this is a subprime card with people getting approved in the high 500s low 600s and only a few people reporting scores in 700s. Is it a subprime card?

Because his score is good, could this make it less likely for him to get the card? Still a relatively low AAoA of 11 months with credit history of 1 year 3 months. Most recent inquiry was in June for Discover and one last year from Capital One.

Also, will this card hold true to Barclay's inquiry/New credit sensitivity for 6 months after?

Thanks everyone!
Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721
Regular Contributor
patsfan1453
Posts: 202
Registered: ‎11-04-2012
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Re: Giants Rewards/NFL Rewards Card through Barclays

The Giants version is subrime. The Patriots version however is a much more valuable card :smileyhappy:  Just kidding! haha

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Valued Contributor
daybreakgonesXe
Posts: 1,864
Registered: ‎11-17-2012
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Re: Giants Rewards/NFL Rewards Card through Barclays

Very funny :smileytongue: you may want to be careful saying that to someone who lives near minutes away from MetLife Stadium :smileywink:
Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721
Valued Contributor
mxp114
Posts: 1,379
Registered: ‎09-01-2011
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Re: Giants Rewards/NFL Rewards Card through Barclays

The Giants version is more elite, they are the Super Bowl champs whereas the Patriots version is the subprime :smileyvery-happy: lol

Valued Contributor
trumpet-205
Posts: 2,505
Registered: ‎11-11-2010
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Re: Giants Rewards/NFL Rewards Card through Barclays

[ Edited ]

You do know that pre-approval and pre-selected means very little right? Often time what you have is a lender asking a CRA to produce a list that meets generic (very generic) requirement. Lender takes that list and mail these so called "pre-approval" to everyone on the list.

 

Another tip, ignore credit score when you have thin file. Credit score is absolutely meaningless when it comes to thin file. You can have FICO of 750+ and AAoA of less than 2 years. High credit score doesn't make up the fact that you have thin file.

 

Most of Barclays are very hard to get for those with thin files, with the exception of Apple Visa and iTune Visa. However if the term offers 24.99% APR on purchase with no introductory APR offer, then it is a easy card to get.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
daybreakgonesXe
Posts: 1,864
Registered: ‎11-17-2012
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Re: Giants Rewards/NFL Rewards Card through Barclays


trumpet-205 wrote:

You do know that pre-approval and pre-selected means very little right? Often time what you have is a lender asking a CRA to produce a list that meets generic (very generic) requirement. Lender takes that list and mail these so called "pre-approval" to everyone on the list.

 

Another tip, ignore credit score when you have thin file. Credit score is absolutely meaningless when it comes to thin file. You can have FICO of 750+ and AAoA of less than 2 years. High credit score doesn't make up the fact that you have thin file.

 

Most of Barclays are very hard to get for those with thin files, with the exception of Apple Visa and iTune Visa. However if the term offers 24.99% APR on purchase with no introductory APR offer, then it is a easy card to get.


Yeah, I do realize the big difference between the two, which is why i want to read over the paperwork to see which it is! And his credit file isn't terribly thin, so he should be fine! I've seen people with much thinner files getting approved for AMEXs and such. I think the APR is relatively high, but not terrible, and tons of people seem to be getting approved with 600s, so I will look into it more. Thank you for your response!

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721
Valued Contributor
trumpet-205
Posts: 2,505
Registered: ‎11-11-2010
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Re: Giants Rewards/NFL Rewards Card through Barclays


daybreakgonesXe wrote:

Yeah, I do realize the big difference between the two, which is why i want to read over the paperwork to see which it is!

Both pre-approval and pre-selected are meaningless. Neither one has higher weight vs the other.

 

And his credit file isn't terribly thin, so he should be fine! I've seen people with much thinner files getting approved for AMEXs and such. I think the APR is relatively high, but not terrible, and tons of people seem to be getting approved with 600s, so I will look into it more. Thank you for your response!

I see a lot of approval with AMEX charge card, but very few thin file for AMEX credit card.


In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
daybreakgonesXe
Posts: 1,864
Registered: ‎11-17-2012
0

Re: Giants Rewards/NFL Rewards Card through Barclays


trumpet-205 wrote:

daybreakgonesXe wrote:

Yeah, I do realize the big difference between the two, which is why i want to read over the paperwork to see which it is!

Both pre-approval and pre-selected are meaningless. Neither one has higher weight vs the other.

 

And his credit file isn't terribly thin, so he should be fine! I've seen people with much thinner files getting approved for AMEXs and such. I think the APR is relatively high, but not terrible, and tons of people seem to be getting approved with 600s, so I will look into it more. Thank you for your response!

I see a lot of approval with AMEX charge card, but very few thin file for AMEX credit card.



It's weird...some people say preapproval and preselected mean nothing, but others claim that preapprovals, though not guaranteed because your credit can change, will more than likely result in an approval compared to if you app'd on you're own. It is possible that it can vary by creditor, just a stroke of luck, etc. We will see!

 

And yes, I agree with the charges for thin files compared to the credit cards through AMEX. Charge cards are always easier to get, whether it be AMEX, stores, etc.

 

Barclay's seems to be a great company, but they may be like Capital One in which they cater to different consumers in the market (Capital One offers prime and subprime cards). https://www.creditkarma.com/creditcard/CCBarclays1205?originEvent=240918738 The NFL Extra Points card seems to have competitive APRs and even has a 0% intro APR for new purchases and balance tranfers, yet the average credit score approved for it is 647? It's a little confusing lol.

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721
Established Contributor
emptypockets
Posts: 1,004
Registered: ‎02-03-2009
0

Re: Giants Rewards/NFL Rewards Card through Barclays

[ Edited ]

daybreakgonesXe wrote:

Questions:

CreditKarma reviews make it seem like this is a subprime card with people getting approved in the high 500s low 600s and only a few people reporting scores in 700s. Is it a subprime card?

This particular card is either a Visa Signature or a World MC (depending on the team), so it is not sub-prime. Having said that, the interest rate they give you likely is going to be determined by your Credit score, and could could be anywhere from 13.74% (decent) to 22.74% (Not so much), and the higher tier interest rate could be considered sub-prime by some.

 

Because his score is good, could this make it less likely for him to get the card? Still a relatively low AAoA of 11 months with credit history of 1 year 3 months. Most recent inquiry was in June for Discover and one last year from Capital One. 

This is another card where if your credit file/score does not qualify you for the Signature/World Card, you will be considered for a platinum card, and some people got $500 limits (this was when there was a rush to get the card because of the nice sign-up bonus). I believe that even the people that got the small limits still qualified for the same sign-up bonus as the people that got the higher end cards.

 


Also, will this card hold true to Barclay's inquiry/New credit sensitivity for 6 months after?
This card is definitely right in line with their inquiry/new credit sensitivity qualms. I have a US Air card with them already (open 3 years). When I applied, I got the "deferred" decision (I am told this happens everytime you already have a Barclay's card, which sends it for a manual review). The CSR I spoke to asked the regular questions (income, etc), but then wanted to know about my many new accts (5-6 in past 6 months - I told him they were opened for the rewards, LOL). I was approved (5k limit), but not before I was warned to not obtain any new cards for the next several months (when asked he said 6 months), or else risk CLD/AA from them.



 

 


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (4), Chase (6), Nordstrom Visa,US Bank Cash+, Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, DC Premier MC, Macy's AMEX; A few store cards.

Current Scores: EQ (6/14): 800; TU MyFico (6/14): 814; Walmart TU Fico 08 (12/2014): 803; EX (6/14): 775
Valued Contributor
daybreakgonesXe
Posts: 1,864
Registered: ‎11-17-2012
0

Re: Giants Rewards/NFL Rewards Card through Barclays

Wonderful! Thank you so much for your response! We're likely applying tonight, so we will see how it goes! :smileyhappy:

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721

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