Reply
New Contributor
Posts: 60
Registered: ‎12-29-2011
0

My Barclay CC was cancelled

Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.

Starting Score: 604
Current Score: 694
Goal Score: 750


Take the FICO Fitness Challenge
Moderator
Posts: 9,674
Registered: ‎01-28-2010
0

Re: My Barclay CC was cancelled


brooklinier wrote:
Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.


Barclay strikes again.  They are known for being VERY sensitive to having other accounts/inquiries show,  up to 6 or even 12 months after your account is opened.

 

How many new accounts do you have on your credit reports, besides Barclay ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
New Contributor
Posts: 51
Registered: ‎07-08-2011
0

Re: My Barclay CC was cancelled

BBBS - BARCLAYS BIG BROTHER SYNDROME

 

Sorry to hear about this, but closures are becoming the norm.

Frequent Contributor
Posts: 426
Registered: ‎02-09-2012
0

Re: My Barclay CC was cancelled

What a nightmare!!!! I will certainly be staying away from Barclay's! That's outrageous! :smileymad:  

Slowly building....
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: My Barclay CC was cancelled


brooklinier wrote:
Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.


Was that just a box at the top when you login saying 'Boost your buying power, Request a credit line increase today"?? if so that has been there since I opened my account

 

also did they do a hp?

New Contributor
Posts: 60
Registered: ‎12-29-2011
0

Re: My Barclay CC was cancelled

[ Edited ]
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.

Starting Score: 604
Current Score: 694
Goal Score: 750


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: My Barclay CC was cancelled


brooklinier wrote:
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.


I am lost why you cant use the iPad and they should of gave you 6 months no intreast

New Contributor
Posts: 60
Registered: ‎12-29-2011
0

Re: My Barclay CC was cancelled

No I meant I can't use the Barclays Credit card, for the IPad I still have six months to pay.

Starting Score: 604
Current Score: 694
Goal Score: 750


Take the FICO Fitness Challenge
Established Contributor
Posts: 715
Registered: ‎08-26-2011
0

Re: My Barclay CC was cancelled

Another Barclays closure thread. Still don't think this is the norm but they really are sensitive to new accounts. Every time I get the itch to app one of these app's seems to pop up. I'm going on 3 1/2 months app-free since I opened Barclays. Only 2 1/2 more months till I can app again LOL.

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.



Frequent Contributor
Posts: 426
Registered: ‎02-09-2012
0

Re: My Barclay CC was cancelled


brooklinier wrote:
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.

So are they going to let you pay off the IPad in installments/financing?? Or did they stick you with the full balance since they cancelled the card?? 

Slowly building....
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.