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Frequent Contributor
isoldmyatlas
Posts: 341
Registered: ‎04-28-2012

Letter from Barclays

Got approved for the Arrival on 7/14 but not the WMC version (Platinum, $4000 CL).  At the advice of several members here, I called them on 7/15 to find out if it was possible to get the line up to $5k for the WMC version.  The analyst was very nice but said no since my credit history is quite young (oldest tradeline is only a year and a half old).  It wasn't a hard pull, just a soft pull.

 

I got a letter today from them that says "We are unable to grant your request for a credit line increase to your account for the following reason(s):

-High amount of credit available from other accounts"

 

Double checked my Experian report to verify it was just a SP (it was).  My income is between $40k and $45k and my credit lines totaled $26,350 before adding Barclays.  I feel weirdly proud that they acknowledge the amount of credit available to me with such a short credit history :smileywink:

 

And...they told me my Experian FICO is 739!   Was pleasantly surprised by that since that report has the bulk of my inqs (7 as compared to 5 on TU and 3 on EQ, although each of those has one dropping off next month, woohoo!)

 

Also, it's been 8 days since approval and still no sign of my card...:smileyfrustrated:

TU: 761 (7/13/14) | EQ: 777 (7/6/14) | EX: 762 (4/6/14)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $5,000 (10/2012); Chase Amazon Rewards, $7,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $10,000 (01/2013); Barclaycard Arrival+, $10,000 (07/13); Chase Hyatt, $7,000 (09/13)
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008

Re: Letter from Barclays

Congrats on your approval! Wait the 6 months to request a CLI. Barclay likes to see usage on their accounts, but they are bit strange because they are notorious to CLD on their card members. 


$100K in Credit
Last Credit Card App: 11/16/13
Frequent Contributor
isoldmyatlas
Posts: 341
Registered: ‎04-28-2012

Re: Letter from Barclays

Thanks!  It doesn't sound like it'll be much of a grower, but I mainly got it because it has no foreign transaction fees, and $4k will certainly cover any international vacation travel I do.

TU: 761 (7/13/14) | EQ: 777 (7/6/14) | EX: 762 (4/6/14)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $5,000 (10/2012); Chase Amazon Rewards, $7,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $10,000 (01/2013); Barclaycard Arrival+, $10,000 (07/13); Chase Hyatt, $7,000 (09/13)
Established Contributor
eddie84
Posts: 554
Registered: ‎05-28-2013

Re: Letter from Barclays

[ Edited ]

Congrats! :smileyhappy:  Hmm.. I don't have any card from Barclays.  Perhaps I should look into getting one! :smileytongue:

7/13/14 EQ 754 | AmEx Platinum NPSL | Discover it $11k | BofA Travel Rewards Visa Sig $7k | Citi Platinum Select AAdvantage WMC $10k | Barclaycard Arrival+ WMC $9.7k | Jared/Kay $5.1k | Chase Sapphire Preferred $5k | BofA Cash Rewards Visa Sig $5k | DFS $5k | PayPal SC $5k | Citi Diamond Preferred MC $4.7k | BofA Better Balance Rewards MC $7k | Chase Freedom Visa $4k | Zales $5k | US Bank Visa Platinum $3k | Bloomingdale's $3k | Macy's $1.2k | Amex Delta SkyMiles $1k | Chase Amazon $800
Community Leader
Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: Letter from Barclays


isoldmyatlas wrote:

Thanks!  It doesn't sound like it'll be much of a grower, but I mainly got it because it has no foreign transaction fees, and $4k will certainly cover any international vacation travel I do.


Hey isoldmyatlas!

Actually, if you take care of Barclays and use the card... they will grow that card very well for you.  Being that you are so new to credit and have already garnered a 4K card from them, I think you are well on your way to 5 digit limits with them in time.  Congrats on your approval.  Many have been denied for this card.  :smileyhappy:


Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

Take the FICO Fitness Challenge
Frequent Contributor
lajntx
Posts: 267
Registered: ‎06-26-2009

Re: Letter from Barclays

[ Edited ]

chnceit wrote:

Barclay likes to see usage on their accounts, but they are bit strange because they are notorious to CLD on their card members. 



Thanks for the advice... I think I`ll avoid this bank as well in the coming years as I replace C-1 and my scores improve over the next 18 months

EQ- 647, EX- 641, TU- 644
Sept `13 - ZERO Debt, 100% Liquid, AND a climbing credit score. Eat your heart out Dave Ramsey!
Frequent Contributor
isoldmyatlas
Posts: 341
Registered: ‎04-28-2012

Re: Letter from Barclays


improvingmycredit wrote:

isoldmyatlas wrote:

Thanks!  It doesn't sound like it'll be much of a grower, but I mainly got it because it has no foreign transaction fees, and $4k will certainly cover any international vacation travel I do.


Hey isoldmyatlas!

Actually, if you take care of Barclays and use the card... they will grow that card very well for you.  Being that you are so new to credit and have already garnered a 4K card from them, I think you are well on your way to 5 digit limits with them in time.  Congrats on your approval.  Many have been denied for this card.  :smileyhappy:


Even if I don't do balance transfers or carry a balance? I don't do either and they seem to mainly care about that.

TU: 761 (7/13/14) | EQ: 777 (7/6/14) | EX: 762 (4/6/14)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $5,000 (10/2012); Chase Amazon Rewards, $7,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $10,000 (01/2013); Barclaycard Arrival+, $10,000 (07/13); Chase Hyatt, $7,000 (09/13)
Community Leader
Senior Contributor
myjourney
Posts: 25,277
Registered: ‎02-07-2013

Re: Letter from Barclays

WTG

Congrats

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Community Leader
Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: Letter from Barclays


isoldmyatlas wrote:

improvingmycredit wrote:

isoldmyatlas wrote:

Thanks!  It doesn't sound like it'll be much of a grower, but I mainly got it because it has no foreign transaction fees, and $4k will certainly cover any international vacation travel I do.


Hey isoldmyatlas!

Actually, if you take care of Barclays and use the card... they will grow that card very well for you.  Being that you are so new to credit and have already garnered a 4K card from them, I think you are well on your way to 5 digit limits with them in time.  Congrats on your approval.  Many have been denied for this card.  :smileyhappy:


Even if I don't do balance transfers or carry a balance? I don't do either and they seem to mainly care about that.


I have 2 barclay cards.  I never carry a balance and always pay in full.  There is a lot of bashing of Barclays because of their business model but it works for them.  If you app a bunch of cards and have a thin file / was barely approved and had to recon for approval / run up a high utility on most of your new accounts, then of course they are going to take AA.  They give a lot of people a second chance and what one does with it.... well, as you can see- some are successful with them and others poke the tiger.  Use their cards, let them make some money off your swipe fees and they will love you.  Their limits go pretty high based on your credit worthiness and income.


Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

Take the FICO Fitness Challenge
Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013

Re: Letter from Barclays

congrats on the approval and the score bump! :smileyhappy:



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
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