I believe the best way to win over Barclay is to report a balance, not necesaarily carry a balance. They are two different things. As with all issues related to credit, it's a YMMV.
What I would do is come within $10-20 of your your CL with barclays and PIF monthly if your able to, however do not max it and pay minimum payments! Yes might ruin your score from UTL when it reports, but who cares about UTL if your not going to apply for any credit, house, car anytime within the next few months. When your ready to apply for more credit or such then let it report 10% or so UTL. I did that with barclays when I had a 4600 limit, at 5 months they increased my limit to 10k. Just My opinion, I've done this with my ex and we raised her limits real quick as well. You have to show then you need a higher limit if you want a higher limit. If you spend $10 a month on a $500 limit, why would you need a higher limit? I'm seeing a lot of banks look at it this way lately.
Beyondbasic, I personally would pay after it posts if you need to make another purchase and do not have CL available, be careful not to go over though. Most people spend more then $500 a month, in that case yes I would let it post to your account then make a payment for the balance on the account, I wouldn't do it more then twice a month though. If you do make 2 payments of $500 a month for a few months, that would give them good reason to raise your limit. And you can pay after statement closes but before payment due date, I wouldn't worry about UTL until your ready to apply for new credit.
Yes but only for time being. If your not applying for new credit no need to have a nice score. And besides it's his only card and they know he's PIF.
@Meltdownblitz wrote:
Yes but only for time being. If your not applying for new credit no need to have a nice score. And besides it's his only card and they know he's PIF.
Oh I completely understand what your conveying but Fico does not know or care that OP will pay in full thus they will ding scores every month that reports a high balance Lol
Thus I thought OP should know the consequences of letting high balances report.
It's much easier to charge as much as you like pay off several times a month if needed and let a small balance report this was my method and I got a auto CLI while still increasing scores.
Also from the thread what we discovered is barclay likes BT's and carrying a balance during the 0% promo time and it didn't matter as to how nuch you ran through it or the reported balance.
I went a month with no use then charged a small purchase and BAM auto CLI
And if the theory holds true I should see another auto CLI in the next 3 weeks or so...Will update results to thread