topic Re: Barclaycard denial reasoning in Credit Card Applications

Barclaycard denial reasoning

Reighn9 — Sun, 21 Jan 2018 05:32:32 GMT

I recently applied for a Wydham rewards Visa with a hotel reseravtion. The offer was to receive $50 statement on that hotel stay and it listed the rewards available for using the card in their hotels. I like hotel rewards cards so I applied, but didn't realize it was Barclay's Bank. I got the needs further review notice so I went back and completed my reservation. Today I got a letter which said we can't approve your request for a Wyndham Rewards Visa because you have sufficient credit on a Barclaycard account. I don't what they consider sufficient, but my available balance is $33 after that hotel stay. I was applying for the new benefits. This is not the first time Barclay's Bank has sent me this denial reason when I have applied for their branded cards for the specific reward value. I am not inclined to have much available credit with them anyway because a credit analyst for my Choice Privileges card told me he would keep dropping my limit as I made substantial payments. Anyway, my question is what do I do about the denial? I can't even claim a credit report,they didn't check anything.

Re: Barclaycard denial reasoning

Anonymous — Sun, 21 Jan 2018 15:06:25 GMT

When they say sufficient I don't think they mean enough for you to comfortably use, but so much that they don't feel comfortable giving you any more based on your income and such. Someone could have $200K in credit limits but it wouldn't be sufficient to them if they had a 199K balance. But it would certainly be sufficient to the banks because they wouldn't feel comfortable giving out any more credit. With only a $33 available balance, they probably don't feel comfortable giving you more credit since that card is already maxed out.

Re: Barclaycard denial reasoning

fltireguy — Sun, 21 Jan 2018 16:07:04 GMT

“ I am not inclined to have much available credit with them anyway because a credit analyst for my Choice Privileges card told me he would keep dropping my limit as I made substantial payments. “

So, obviously Barclays does not like your profile for whatever reason. And, because of whatever it is, they will not be extending any more credit to you beyond what you already have.

This pretty much sums it up. Barclays is balance chasing you for whatever reason, and your Choice privileges card will probably get closed when you pay it off

What baddies are in your profile? Other cards maxed? Etc

Re: Barclaycard denial reasoning

Reighn9 — Mon, 22 Jan 2018 01:18:51 GMT

"What baddies are in your profile? Other cards maxed? Etc" High balances but nothing else. Two cards with Barclay's and the last time they sent this same letter I had over $500 available credit. I don't know I ever did to them. Customer Service told me I needed to make large payents in order to get a CLI. That hasn't worked out well for me at all.

Re: Barclaycard denial reasoning

fltireguy — Mon, 22 Jan 2018 11:38:09 GMT

Barclays doesn’t like high balances. At all. (Unless you are my GF, and then, for some reason they could care less..)

They are very very sensitive to risk for the most part, and in most cases. If they see high balances on your other cards, from other issues, it can, and will lead to AA

Re: Barclaycard denial reasoning

Anonymous — Mon, 22 Jan 2018 13:03:46 GMT

High balances or high utilization? The OP mentioned a previous $500 limit so that can't be construed as a high balance, but if he/she utilized most of that credit line I can see why Barclays would initiate AA.

Re: Barclaycard denial reasoning

fltireguy — Mon, 22 Jan 2018 14:11:37 GMT

OP mentioned $33 avail credit and balance chasing...