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New Contributor
Grover627
Posts: 56
Registered: ‎07-04-2013

Seeking new credit after Barclay approval

I have read by some on here that Barclay has a reputation of cancelling new accounts after learning that there have been applications for new credit. I was approved for Barclays Reward MC a few weeks ago, with a $1500 limit. I plan on using this as my gas card, keeping my limits low, and PIF each month. How long though, should I wait to apply for other cards, while keeping Barclays happy?

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Valued Contributor
myjourney
Posts: 23,569
Registered: ‎02-07-2013

Re: Seeking new credit after Barclay approval


Grover627 wrote:

I have read by some on here that Barclay has a reputation of cancelling new accounts after learning that there have been applications for new credit. I was approved for Barclays Reward MC a few weeks ago, with a $1500 limit. I plan on using this as my gas card, keeping my limits low, and PIF each month. How long though, should I wait to apply for other cards, while keeping Barclays happy?


YMMV but i would say 5-6 months 

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it
New Contributor
Grover627
Posts: 56
Registered: ‎07-04-2013

Re: Seeking new credit after Barclay approval

Should I also avoid asking for CLI with current cards during this wait?

Super Contributor
enharu
Posts: 6,828
Registered: ‎02-27-2013

Re: Seeking new credit after Barclay approval

Don't worry about asking for CLIs. Go for it
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Valued Contributor
myjourney
Posts: 23,569
Registered: ‎02-07-2013

Re: Seeking new credit after Barclay approval


Grover627 wrote:

Should I also avoid asking for CLI with current cards during this wait?


No seek as many as you wish I would just try and avoid the HP unless I thought it was a lender that gave BIG CLI's 

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it
Established Contributor
emptypockets
Posts: 898
Registered: ‎02-03-2009

Re: Seeking new credit after Barclay approval

In 9/12 and when I got my last card with Barclays, I got their card last (after I had opened 4-5 new cards in 6/12). They noticed the new cards, and warned me to not app for "awhile" to avoid adverse action. When I specifically asked what was "awhile" the CSR said 6 months. I waited, but that being said I think if you use their card and pay it on time, as you plan too you should be fine with them. They seem to like people who use their card regularly.

CC's: AMEX Delta/BCP/HH, Alliant Visa, PenFed AMEX, Nordstrom Sig Visa, Lowe's, BBRZ Plat, US Bank Cash+ Visa, Chase CSP/Freedom/Marriott/SWA Prem, Huntington Voice, UMB Visa, Dillard's AMEX, Barclay's NFL Visa, Home Depot, Citi Diamond Pref./Dividend/AA Platinum, Discover IT, Walmart Discover, Cabela's Visa, Cap One Quick Silver, BOA BB Rewards MC, BMW Visa Siggy, Comenity FRN MC/TR Visa, Ebates Visa Siggy, 5/3 Real Life Rewards, Jared, Kohl's, Macy's, Macy's AMEX.

Current Scores: EQ (3/28/14): 798; TU MyFico (3/7/14):781; Walmart TU Fico 08 (4/4/2014): 814; EX (3/7/14): 773
New Contributor
Grover627
Posts: 56
Registered: ‎07-04-2013

Re: Seeking new credit after Barclay approval

OK- One more ignorant question from me... I was considering applying for a store card or two. With my new Barclays card, should I put off doing that, or are store cards in a different catagory than other cards?

New Contributor
withaspark
Posts: 66
Registered: ‎01-10-2013

I Re: Seeking new credit after Barclay approval

[ Edited ]

As another Barclays data point, I applied for 4 cards in the 6 months before opening a CC acct with Barclays and two more at the same time that showed as open on my credit report the following two months and no AA. In fact, they bombarded me with offers for an obscene bonus for spending over $750/mo for 3 months. The only thing I can think of is that I made sure no cards reported any balance at the end of period but showed very large actual payment amounts (proved use but didn't let any balances post)...maybe even though they didn't like the new accounts...use with absolutely no CC debt is low risk. YMMV.

Established Contributor
KIPPIE12
Posts: 619
Registered: ‎05-09-2009

Re: I Re: Seeking new credit after Barclay approval

Some squeek through, some don't.  Why chance it, unless you really need another card?  Barclays gets nervous if they see new accounts opened after theirs. Think it through, and be careful.  They will watch what is going on with your reports for 6 months afterwards.

Current Score: EQ: 781 TU: 798 EX: 802 (Fico) 8/13
Goal Scores: 760 Across all 3-Finally


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