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Established Member
Posts: 41
Registered: ‎05-16-2013
0

Re: The typical Barclays cld

My AAoA is over 2 years seeing as alot of my credit was opened the first 6 months after I turned 18.

 

And no none of my cards are anywhere near maxxed

ECU: 7000 (6.25% Fixed) -- Chase Freedom: 3000 (19.99%) -- Citi Dividend: 3000 (13.25%) -- Amex: 2000 (?% promo 0%) -- UWCU: 2.5k (11.45%) -- Barclay Apple: 1500 (Will never use again) -- Paypal: 2.6k (Use for promo 0% only) -- Cap 1: 2000 (Sock drw. 22.99%) -- Cap 1: 2000 (sock drw. 19.99%)

ECU auto loan (2.99% for 72 months on 2013 Dodge Avenger V6)
Senior in school for Civil Engineering

Scores: TU: 713 EQ: ? EX: 698
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

What is your income?
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Member
Posts: 41
Registered: ‎05-16-2013
0

Re: The typical Barclays cld

22k a year..... 

 

DTI is under 20%

ECU: 7000 (6.25% Fixed) -- Chase Freedom: 3000 (19.99%) -- Citi Dividend: 3000 (13.25%) -- Amex: 2000 (?% promo 0%) -- UWCU: 2.5k (11.45%) -- Barclay Apple: 1500 (Will never use again) -- Paypal: 2.6k (Use for promo 0% only) -- Cap 1: 2000 (Sock drw. 22.99%) -- Cap 1: 2000 (sock drw. 19.99%)

ECU auto loan (2.99% for 72 months on 2013 Dodge Avenger V6)
Senior in school for Civil Engineering

Scores: TU: 713 EQ: ? EX: 698
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

Well from their perspective, 8k of cc debt with 22k income is a lot. They probably misunderstood your situation due to the BT transfer, and my guess is that things should be fine once all your new balances update. Don't worry about it for now and just focus on paying down debt. There's also a chance you will get an auto CLI in the future anyhow.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Member
Posts: 41
Registered: ‎05-16-2013
0

Re: The typical Barclays cld

Exactly .... thats why i wasnt too surprised when it happened.

 

I guess I was more angry at the conversation I had when I talked to them after....

 

She refused to listen to anything I said basically.... 

 

And as someone else said.... why give credit if they get scared when you use a little bit of it for a month.

ECU: 7000 (6.25% Fixed) -- Chase Freedom: 3000 (19.99%) -- Citi Dividend: 3000 (13.25%) -- Amex: 2000 (?% promo 0%) -- UWCU: 2.5k (11.45%) -- Barclay Apple: 1500 (Will never use again) -- Paypal: 2.6k (Use for promo 0% only) -- Cap 1: 2000 (Sock drw. 22.99%) -- Cap 1: 2000 (sock drw. 19.99%)

ECU auto loan (2.99% for 72 months on 2013 Dodge Avenger V6)
Senior in school for Civil Engineering

Scores: TU: 713 EQ: ? EX: 698
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

Yea I understand Barclays CSRs usually are not the friendliest bunch of people to talk to. From the comments on this forums so far, they are usually pretty straightforward / blunt and just too "rigid".

They gave you (and everyone else that got approved) credit for you to use. But they are not expecting a normal customer to go around accruing high amounts of debt on both their and other accounts. While percentages of utilization does matter, lenders do look at the dollar amount itself as well. Someone with say 100k income but 250k of CL (thanks to generous lenders such as GE) is still going to spook off lenders when their utilization percentage hits 20%, because the amount of debt is literally half of his annual salary.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Contributor
Posts: 556
Registered: ‎01-31-2008
0

Re: The typical Barclays cld

I get what everyone above is saying, and I understand the perspective of the CCC and how they interpret risk. Still, the whole fear of AA for a temporary spike in util is enough to make me avoid any major purchases in which I might need to use cards. I just think CCCs should make these potential actions more clear when you get accounts, that's all. The idea of selling people on rewards, promos, and limits and the cutting at the first sign of util regardless of your large payments is misleading
Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $4500
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

[ Edited ]
I don't think there's much to fear about AA. My reports look extremely ugly right now because of 3 cards reporting at >90% util and almost every other card is reporting a balance of some sort. I do pay in full though and it just happens that most of the charges were made at a bad timing and I just wanted balances to report to show usage. I'm not too hung up about my utilization right now since I'm not applying for any credit this month.

More importantly, just make sure you pay as much as you can, preferably in full.
Banks get very paranoid usually when an individual drag high balances while making only small amounts of payment or when someone is just juggling debt in general rather than to pay it off.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Contributor
Posts: 556
Registered: ‎01-31-2008
0

Re: The typical Barclays cld

How do they define "juggling debt" though?
Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $4500
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

For example say u owe 10k on card A that has a 0% promo. During that time period u make little non-substantial payments and brought the balance down to 9k.

When that promo is about to end, u opted for a BT transfer to another 0% promo card instead rather than to pay it off. That's 1 instance of juggling debt.

It becomes even more worrisome when a customer rinse and repeats the entire process over and over, while also accruing new charges during the process.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
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