Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011
After Barclay when is it safe to apply?

Ive read that Barclay is sensitive about new TL after new account. I didnt know this when I applied and received 3 new cards at once... Barclay, Discover, AMEX. Ive decided not to app for another amex for at least a year, which leaves only walmart on my list. Im not worried about being approved, just pissing off Barclay and AMEX. I would like to have all my inquires lumped together as much as possible. How long should I wait? Should i just do it? I currently have 4 inq on ex, 3 on TU, and 1 on EQ. However my AMEX wont start reporting for awhile still. So, Barclay has really only seen the INQ's if they have softed at all.. Advice?


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


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Established Contributor
KIPPIE12
Posts: 619
Registered: ‎05-09-2009
Re: After Barclay when is it safe to apply?

Jake0215 wrote:

Ive read that Barclay is sensitive about new TL after new account. I didnt know this when I applied and received 3 new cards at once... Barclay, Discover, AMEX. Ive decided not to app for another amex for at least a year, which leaves only walmart on my list. Im not worried about being approved, just pissing off Barclay and AMEX. I would like to have all my inquires lumped together as much as possible. How long should I wait? Should i just do it? I currently have 4 inq on ex, 3 on TU, and 1 on EQ. However my AMEX wont start reporting for awhile still. So, Barclay has really only seen the INQ's if they have softed at all.. Advice?


6 months is the general concensus provided Barclays was your last application.  They are very skiddish with new tradelines reporting after they've approved you, and could CLD or close it.  Their portfolio department watches the account for that period of time as a precautionary measure for the bank.  You should be fine at this point, just don't go on any app sprees during this "probationary" period with them. I would personally wait to apply for WalMart.  Others will chime in with their viewpoint, but that's just what i'd do, and as always, YMMV

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


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Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011
Re: After Barclay when is it safe to apply?

Hello!

My expreience has been that they softed my TU and EX reports for 6 straight months.  Some times twice in a month just to see any activity.  I can pretty much assure you that they will be checking your accounts and probably both EX and TU. 

My advice, after speaking with Barclay Reps is to not apply for anything until the probationary period is over with them.

As alway, YMMV!

 


Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

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Established Contributor
mAndrew1980
Posts: 710
Registered: ‎08-26-2011
Re: After Barclay when is it safe to apply?

My understanding is they monitor new accounts for 6 months. Barclay's is my latest account, but Cap1 actually hit my reports after Barclay's even though I app'ed with them before. Needless to say, I was scared! I won't be app'ing for anything new until my 6 months is up -- which ironically is when my baddie falls off.

 

Tread carefully and we should be fine.

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

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Established Contributor
jefftca925
Posts: 683
Registered: ‎08-14-2008
Re: After Barclay when is it safe to apply?

Another issue with them (that I've read) is that they freak out when they see a sudden drastic increase of revolving debt reporting on the CBRs...especially when it is out of the normal behaviour of the cardmember.  Most people don't seem to see any AA from them after opening new accounts after their Barclays approval, but for someone with a young credit history and escalating debt, any issuer might react with a CLD or a closure.

CCs: Chase Freedom World MC 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 9.2k, Citi AA Amex 6k, Nordstrom Visa Sg 10k, Amex Zync, Costco Amex 12k, BofA CR Visa Sg 17k, Amex BCP 9.5k, Amex Blue 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR Visa 44.6k, Chase United Visa Sg 13k, Chase Marriott Visa Sg 8k, Citi Simplicity 11.4k, PayPal MC 5k, Compass Visa 4k, WF Visa Sg 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 10.8k, Capital One QS Visa 3k, FRN MC 12k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates Visa Sg 8k FICOs as of June '14...EQ 808 TU 804 EX ?
Frequent Contributor
dookdig
Posts: 332
Registered: ‎04-08-2011
Re: After Barclay when is it safe to apply?

jefftca925 wrote:

Another issue with them (that I've read) is that they freak out when they see a sudden drastic increase of revolving debt reporting on the CBRs...especially when it is out of the normal behaviour of the cardmember.  Most people don't seem to see any AA from them after opening new accounts after their Barclays approval, but for someone with a young credit history and escalating debt, any issuer might react with a CLD or a closure.


This reason couples with series of new accounts with trigger AA. I don't think people should worry that much about 6 months period if they only have 1 or 2 new accounts after barclay and can maintain util on credit report under 5% at all time and PIF barclay.