I have to ask this. Why is Barclay giving out credit like crazy! Whats goign on?

[mAndrew1980]

I'm not sure why they are approving every one -- particularly on recon's. But I'm thrilled with them so far. I had a few baddies on my reports and they approved me for $1190 and I recon'ed it to $2000CL. Immediately I bought an iPad for $700. After a couple of weeks I paid it off in full. I just now put plane tickets to Costa Rica on it for $1100. Very excited to pay it off so when my six month introductory period is up, I'll have paid off two big charges. Hopefully they'll give me a nice CLI and I'll sock drawer it.

Anyone know how good Barlcay's is with auto CLI's after the inital six month period?

[Juan123]

so whats with the CL's they hand out? ending in $90?!?!?!

[pizzadude]

----->  Anyone know how good Barlcay's is with auto CLI's after the inital six month period?

If your payment history is good, and you don't have high %util across all any cards then you should be in good shape for a CLI.

[mAndrew1980]

Hmmm, low utl% with all my cards, huh. You think below 30% is the magic number? Or optimal low, as in below 10%? I didn't realize ccc's can see our utl% by softing us.....Regardless by late spring I should be in pretty good shape in terms of utl%.

[bostonte]

Barclay gives out $--90 as the temporary credit line for instant online approvals at the Apple Store.

If you wait to receive you paperwork instead of calling recon, you would find that your actual approved line is $10 higher. 

They hide that extra $10 to cover the temporary $1 authorizations. If you shop online with Apple, they usually hit you for $1 pending when you order and $1 as its being prepared to ship. If you order multple items that are shipping seperately, you can end up with many $1 temporary pending authorizations.

They come off after a few days, but I bet they got a lot of complaints from people trying to use their entire credit line towards a purchase only to find their new account declined when the order was being prepared for shipping due to that first $1 authoriztion (or more) making them appear not to have enough credit.

This way they force people to understand that will happen and account for it so they don't get declined.

---

@Juan123 wrote:

so whats with the CL's they hand out? ending in $90?!?!?!

---

[PetRaccoon]

Now if only all companies thought ahead like that..