topic Re: Barclays gave auto CLI. in Credit Card Approvals

Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 02:10:14 GMT

Hello,

Upon logging into my Barclays Reward account today I noticed a rather decent credit line extention. I went from a meek $750 to $2,050. Meaning an increase of $1,300 was given to me sometime within the past two days (as I check my accounts frequently). I opened the card in June of this year so the account is currently five months old.

This is how I've been using the card:

Heavily. Up until recently I've been utilizing this card heavily. understandably so after having such a low limit to begin with. Using the card to pay off bills and utilities as intended, there were times when this card was maxed. I simply didn't have the headroom for maintaining low utility after laying only a couple bills on the card. There was a month or so during this five month time frame when the card actually carried over a near maxed balance. More importantly than trying to have low usage is the fact I've never missed a payment. Sure I've failed to pay-in-full a few times in fact, as I'm typing this, there's currently a balance of $357 and I was still given a CLI.

I think the underlying criteria when being considered for an auto CLI is not so much your credit score, rather, can you pay off debt? Are you punctual in doing so? When "all's said and done" creditors like seeing people carry over balances. This is how they make their money, on all the interest. If you can keep racking up the debt yet have been proven to continue paying interest, then you're a great investment. So they'll keep giving you more money spend.

On the flip side you'll want to ensure all your debts are settled before applying for a loan, credit cards included. So always make sure the debts you're getting yourself into are manageable.

Sorry if it seems as if I ranted. I'm merely voicing my theory on how one might attain an auto CLI. More specifically with Barclays.... still waiting on that Freedom.

Re: Barclays gave auto CLI.

uswala — Wed, 12 Nov 2014 02:17:47 GMT

Congrats!

They offer nothing to me.

Re: Barclays gave auto CLI.

Anomalous — Wed, 12 Nov 2014 03:20:33 GMT

Congratulations on the CLI!

Re: Barclays gave auto CLI.

Kostya1992 — Wed, 12 Nov 2014 03:57:42 GMT

Congrats! I just hit my 4th statement with them.

I'm pretty sure they make most of their money with swipe fees, not interest.

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 07:52:25 GMT

Congratulations on your CLI for your Barclays CC! Continue Success in The World of Credit Cards!

Re: Barclays gave auto CLI.

coldnmn — Wed, 12 Nov 2014 10:42:51 GMT

Congrats! Thanks for sharing.

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 10:53:09 GMT

Congrats on your CLI!

Re: Barclays gave auto CLI.

MissMoni223 — Wed, 12 Nov 2014 14:15:42 GMT

THANKS for sharing!!!

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 14:46:16 GMT

Nice!

Re: Barclays gave auto CLI.

b_diddy — Wed, 12 Nov 2014 17:33:59 GMT

Excellent. Congrats!

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 18:02:11 GMT

Congrats on the CLI! Thanks for the walkthrough on how your usage, that's pretty helpful.

I've yet to receive a CLI on my Barclays Rewards card (or even my Apple Visa for that matter). I've had the card for about 7 months and I've carried heavy balances on it, but I've been punctual with the payments and have PIF multiple times. My guess is that my overall credit was probably a factor in my not receiving a CLI.

Now I've PIF and I'm trying to a new strategy where I just PIF every week, keeping a balance of zero 90% of the time, to see if that triggers a CLI. Only time will tell.

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 18:05:29 GMT

at least you got one!

Re: Barclays gave auto CLI.

alvon123 — Wed, 12 Nov 2014 18:24:43 GMT

congrats

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 18:53:57 GMT

Congrats on the Barclays increase!

Re: Barclays gave auto CLI.

EW800 — Wed, 12 Nov 2014 21:56:19 GMT

Congratulations on your increase!!

I am going to be hitting my six month mark with Barclay in about three weeks. I am hoping for an auto-CLI, however I have a feeling it may not happen. On the plus side, I have PIF before the statement cut every cycle, my credit scores are a good 25-30 points higher now than when they gave me the card and I have had zero inquiries or new accounts since they gave me the card. Where I suspect may not get me an auto-CLI is that my current CL is $7,000, however I only charged about $1,000 or so each month. I am thinking that despite the great payment history and score increases, they may not like the fact that I am only using a portion of the CL that I already have. Anyone else have similar experience with Barclay?

Re: Barclays gave auto CLI.

Anonymous — Wed, 12 Nov 2014 22:44:44 GMT

Thats nice, congrats

Re: Barclays gave auto CLI.

dman23 — Thu, 13 Nov 2014 02:42:42 GMT

@EW800 wrote:
Congratulations on your increase!!

I am going to be hitting my six month mark with Barclay in about three weeks. I am hoping for an auto-CLI, however I have a feeling it may not happen. On the plus side, I have PIF before the statement cut every cycle, my credit scores are a good 25-30 points higher now than when they gave me the card and I have had zero inquiries or new accounts since they gave me the card. Where I suspect may not get me an auto-CLI is that my current CL is $7,000, however I only charged about $1,000 or so each month. I am thinking that despite the great payment history and score increases, they may not like the fact that I am only using a portion of the CL that I already have. Anyone else have similar experience with Barclay?

I have a feeling you're right. I've had my Barclays card since late April. $1,300 limit. I just reviewed all statements and the most I used in a month was for about $440. One month was zero usage and the other 4 months about a $200 average. My next statement will be on Monday so I'll let you know if any CLI. I doubt it.

I comapred this card to my Chase Freedom card that I also got in April. $2,500 limit. The first mont I had a big purchase to make and I used about $2,250 of the available credit. I paid it in full before next statement date. I've used it sparingly since that first month. $100 or $200 per month. When I viewed my July statement I had gotten a $1,000 CLI.

Based on my usage of the two cards it appears I was given a CLI by Chase Freedom because I had a big charge month that was close to my limit and I paid it in full. I have a Chase checking and Installment loan too so I don't know if that plays a role.

As a test I will use just my Barclays card this month for bills and expenses and get close to my $1,300 limit and then pay it off in full. I'll see if that gets me a CLI a couple of months after. Not that I'm looking for or in need of a CLI but it will be an interesting test.

I'll provide the results.

Re: Barclays gave auto CLI.

NRB525 — Thu, 13 Nov 2014 04:37:29 GMT

@Anonymous wrote:
Hello,

Upon logging into my Barclays Reward account today I noticed a rather decent credit line extention. I went from a meek $750 to $2,050. Meaning an increase of $1,300 was given to me sometime within the past two days (as I check my accounts frequently). I opened the card in June of this year so the account is currently five months old.

This is how I've been using the card:

Heavily. Up until recently I've been utilizing this card heavily. understandably so after having such a low limit to begin with. Using the card to pay off bills and utilities as intended, there were times when this card was maxed. I simply didn't have the headroom for maintaining low utility after laying only a couple bills on the card. There was a month or so during this five month time frame when the card actually carried over a near maxed balance. More importantly than trying to have low usage is the fact I've never missed a payment. Sure I've failed to pay-in-full a few times in fact, as I'm typing this, there's currently a balance of $357 and I was still given a CLI.

I think the underlying criteria when being considered for an auto CLI is not so much your credit score, rather, can you pay off debt? Are you punctual in doing so? When "all's said and done" creditors like seeing people carry over balances. This is how they make their money, on all the interest. If you can keep racking up the debt yet have been proven to continue paying interest, then you're a great investment. So they'll keep giving you more money spend.

On the flip side you'll want to ensure all your debts are settled before applying for a loan, credit cards included. So always make sure the debts you're getting yourself into are manageable.

Sorry if it seems as if I ranted. I'm merely voicing my theory on how one might attain an auto CLI. More specifically with Barclays.... still waiting on that Freedom.

Congratulations on the CLI!

+1 on your willingness to charge the card, keep it within the limit, pay on time, and sometimes carry a balance. If the initial CLI is low, you can show payment performance to get CLI. The CLI eventually will get your utilization reduced, which helps your FICO longer term, but for the short term, showing payment activity to the card issuer is your best strategy.

Re: Barclays gave auto CLI.

EW800 — Thu, 13 Nov 2014 04:45:02 GMT

@dman23 wrote:
@EW800 wrote:
Congratulations on your increase!!

I am going to be hitting my six month mark with Barclay in about three weeks. I am hoping for an auto-CLI, however I have a feeling it may not happen. On the plus side, I have PIF before the statement cut every cycle, my credit scores are a good 25-30 points higher now than when they gave me the card and I have had zero inquiries or new accounts since they gave me the card. Where I suspect may not get me an auto-CLI is that my current CL is $7,000, however I only charged about $1,000 or so each month. I am thinking that despite the great payment history and score increases, they may not like the fact that I am only using a portion of the CL that I already have. Anyone else have similar experience with Barclay?

I have a feeling you're right. I've had my Barclays card since late April. $1,300 limit. I just reviewed all statements and the most I used in a month was for about $440. One month was zero usage and the other 4 months about a $200 average. My next statement will be on Monday so I'll let you know if any CLI. I doubt it.
I comapred this card to my Chase Freedom card that I also got in April. $2,500 limit. The first mont I had a big purchase to make and I used about $2,250 of the available credit. I paid it in full before next statement date. I've used it sparingly since that first month. $100 or $200 per month. When I viewed my July statement I had gotten a $1,000 CLI.
Based on my usage of the two cards it appears I was given a CLI by Chase Freedom because I had a big charge month that was close to my limit and I paid it in full. I have a Chase checking and Installment loan too so I don't know if that plays a role.
As a test I will use just my Barclays card this month for bills and expenses and get close to my $1,300 limit and then pay it off in full. I'll see if that gets me a CLI a couple of months after. Not that I'm looking for or in need of a CLI but it will be an interesting test.
I'll provide the results.

Thank you for the information in regard to how you have handled your account. Please do let me/us know what happens. I will get my sixth statement in about three weeks and will let you know the same!

Re: Barclays gave auto CLI.

aav — Thu, 13 Nov 2014 04:45:59 GMT

Congrats! Barclay like most cards likes heavy usage and quick pay downs!