topic Re: Try (again) for Barclay? in Credit Card Applications

Try (again) for Barclay?

RebuildingAgain14 — Wed, 12 Nov 2014 01:24:25 GMT

Hi all,

I am considering applying for a Wal-Mart card, a little over two years after being denied the last time I app'd. As I was reading replies to my post about that earlier today, it occured to me that maybe I should look at other options at the same time. I had also applied for a card w/ Barclay about two years ago, and was denied. If I app for anything, I want to time it correctly. So, given that my TU is only showing 6 inquiries (see below), and my score is likely borderline for Barclay, I was hoping to get some input as to whether or not it makes any sense to apply for a card from Barclay--and/or if there are any other suggestion from my fellow myFico users?

A couple of notes: I am currently disputing a CA on my TU. In doing so, I viewed my TU report (directly from TU). I only had 6 inquiries on that report, including one by Barclay in December 2012, which will fall off in a few weeks. (Side note: CK lists 12 hard inquiries... Which should I go by?) And with a TU score in the range of 625-640, is it safe to maybe app for Barclay again?

I should also maybe note that I currently have two Cap 1 cards--a secured w/ a $750 limit (only $49 of which is secured) that I've had almost 3 years, and a QS1 w/ a $1000 limit (just opened last month). Also got 2 Comenity cards recently via shopping cart trick--VS opened 2 mos ago-$250 CL/$0 balance, Brylane home opened this month-$500 limit/$0 balance. My overall utilization is around 40%; AAOA is 7.2 years.

Any input it greatly appreciated.

Thanks!

Re: Try (again) for Barclay?

Anonymous — Wed, 12 Nov 2014 03:22:17 GMT

I just recently applied to Barclays with a TU 623 and was denied. I called to recon but it was no go....they said everything looks good but my oldest account was only 4-5 months at the time and they wanted to see more history. They couldnt give me how long just said to try back later

If I did ever decide to app again it wont be till another year or more. Or until I get a preapproval from them in the mail. I have seen people with ur score get approved and you have had your account a lot longer so I would go for it I was also told they dont really focus on Inquiries, just how long accounts are open. I say you have a good chance for Barclay rewards or the Apple Visa....even the NFL rewards because they offer a Platinum version......im mot sure about utilization though. Mine was only 1% when I applied.

Re: Try (again) for Barclay?

Anonymous — Wed, 12 Nov 2014 03:22:41 GMT

Good Luck.....ill keep my fingers crossed for you!

Re: Try (again) for Barclay?

Anonymous — Wed, 12 Nov 2014 04:29:48 GMT

Good luck! I couldnt get in with them until my tu was above 640. I dont know if thats their normal but I would aim for it to be safe.

Re: Try (again) for Barclay?

RebuildingAgain14 — Thu, 20 Nov 2014 06:40:23 GMT

Thanks. I decided to wait until I get my scores up, and some inquiries fall off. :-)

Re: Try (again) for Barclay?

Anonymous — Thu, 20 Nov 2014 12:46:38 GMT

@RebuildingAgain14 wrote:
Thanks. I decided to wait until I get my scores up, and some inquiries fall off. :-)

Good decision -

Re: Try (again) for Barclay?

Anonymous — Thu, 20 Nov 2014 17:48:45 GMT

You made the right choice, it's just a wasted inquiry applying with those scores.

I got denied by Barclay's initially with 642 for too many inquiries and not enough length of time for new accounts. I waited 6-7 months for accounts to age and old inquiries to drop off and I was approved at 670...probably could have gotten in with a lower score but it just happened that way.

With Barclay's I would say your score has to be closer to 650, relatively clean and with few new accounts and low inquiries.