@longtimelurker wrote:
@Anonymous wrote:This is why I would NEVER EVER get a Barclay's card. EVER. This is the same bank that was caught laundering drug money for the Narco Cartels and CEO was also caught lying under Senate Oath.
http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214?page=3
I would never bank with them for ANYTHING.
They commit so many offences under law and they screw over so many customers so it is ironic and funny how they balance chase there customers and close there accounts. They were also caught illegally robo signing morgage documents without the home owners consent. STAY FAR FAR FAR AWAY FROM this bank.
The referenced article (the bit about drug cartels anyway) is about HSBC, not Barclays. Barclays is most famous for the LIBOR scandal (although it has done many other things in the US, manipulating energy futures in CA for example). But even with Libor, it was eventually joined by Chase, and the only person sent to jail so far for LIBOR worked for Citi. So hard to avoid the guilty banks.
And, on a mercenary note, most of these actions are at least short term profitable (even the fines don't really make a dent) and allow the banks to offer good deals on credit cards, so you as well take advantage!
I hate to play devil's advocate here but I agree! If you want to avoid all banks that have done sketchy/horrible things, you're going to be stuck with CUs and maybe some smaller banks. I think we should just cash in.
To OP - I'm sorry Barclays didn't work out for you.
You know, I don't really see how Sallie Mae is supposed to be a student card. Yes, the purpose is to pay down your student loans with the cashback but (1), don't you start paying student loans a year after you finish school and (2), it doesn't even ask if you are a student on the application/mention you need to be a student for the card anyway. I guess I just don't see it as a student card.
Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500
@kdm31091 wrote:
@beautifulblaquepearl wrote:
@baller4life wrote:
Don't feel bad B. They got me too. Cld Ring from $10k to $800 with a $0 balance. I IMMEDIATELY closed that sucka. Sallie Mae cld from $11k to $9300. I had about a month earlier given them a bt of around $8k to take advantage of their 0% apr. Luckily I caught the cld before my statement cut and paid a hefty payment so my util on the card wouldn't report so high. VERY upset with fickle Barclays. I will transfer my balance and never swipe the SM again. I thought long and hard about closing it as well. But I may just sd it and buy a couple .50 Amazon gift cards with it every year. Undecided right now. I'll never app another Barclays card again.It will be interesting to see what Barclay does to my Ring. A few days ago I made several BTs to it which I will be BT'ing them to another card. Hopefully, everything will be okay. After reading what happened to you and B335, I won't do that again. Thanks for sharing your story Baller.
But why should you have to be afraid to use BTs that the lender offers you, particularly on a card like Ring where BTs are practically encouraged by the marketing?
I do think OP was aggressively seeking credit and that lead to these problems but still. Barclay's is just very finnicky across the board.
My "guess" is the closing of the Wyndham and then re-applying the same day triggered something that made them take a second look at everything. It sucks
@beautifulblaquepearl wrote:
@Anonymous wrote:
You're really making me not want to app for sallie Mae.I think the 5% cash back on groceries, gas, and books is a good card to have in one's arsenal. In my home we have two college students and I'm looking forward to earning 5% cash back on our expensive textbooks.
If the card meets a need in your life, then apply for it. Every thing is a matter of opinion. In the end, the only opinion that matters is your own. Best of luck!
This. I have 2 college students as authorized users on my Sallie Mae. So the textbooks deals are worth it. Also it gives 5% on anything they buy in the school bookstore. The gas was helpful before, but now that I have a Prius, not so much. Groceries at $250 cap is perfect for my portfolio.
Still seeing them take AA keeps my use limited to these 3 things only.
