Reply
Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: Oh no! Barclay's CLD

Postman? Did you ask them to reinstate your account? I would have if I were you.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
lhcole77
Posts: 948
Registered: ‎09-18-2012

Re: Oh no! Barclay's CLD

young: I wasn't suggesting that you specifically left something out of our story. I'm suggesting that there is more to the overall reasoning why Barclay's chooses to do CLD other than "they just felt like it".



EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: Oh no! Barclay's CLD

Oh okay! Sorry for the misinterpretation...
I was like " Are you saying Barclay's ISN'T cray cray? " lolol...

It seems as though each account they close with a balance becomes a stable revenue stream for them. Odd, yes.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
lhcole77
Posts: 948
Registered: ‎09-18-2012

Re: Oh no! Barclay's CLD

I got their card because I'm going to be doing some traveling. I'm planning to charge $1200 on my card for upcoming trip to Costa Rica.

Then I'm planning to pay that charge off over four months. And then PIF for any additional charges I put on my card over those four months.

So I will see if this works. Two of my cards will report a zero balance each month. And the other two will report balances with overall utilization being around 10%, then dropping under 10% each month. I guess I'll report back how this works out.



EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
Established Contributor
lhcole77
Posts: 948
Registered: ‎09-18-2012

Re: Oh no! Barclay's CLD

P.S. LOL to you young re: cray cray



EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: Oh no! Barclay's CLD

Sounds like a good idea! Costa Rica is amazing!!! You will love it! I went there a few years ago to help me with my Spanish haha :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
Open123
Posts: 3,934
Registered: ‎02-23-2011

Re: Oh no! Barclay's CLD


enharu wrote:
If they are taking AA against customers because of this, I say screw them. They had an "extremely difficult" year because they got caught breaking the law. Consumers were screwed during the process and I don't detect even the slightest tone of apology.

From my perspective, I've got my own AA designs for Barclays regardless of merits of their prior actions. Namely, 4 of their cards are set for closure, once beyond the clawback period.  Just waiting for the Arrival to pass the 6 month clawback period.

 

Need to set up slots and free up available credit for other sign-up offers.  


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+