topic Re: Apple Barclays Denied in Credit Card Applications

Apple Barclays Denied

Anonymous — Sun, 27 May 2018 18:04:51 GMT

Sole reason was ch7 bankruptcy.

Strange as i have seen multiple people get this card with less time out of bk.

I need to get a visa or mastercard for my everyday purchases.

Capital One denied for too many inquiries and i burned Credit One in bk.

Any other suggestions?

Re: Apple Barclays Denied

Batsamandrobin — Sun, 27 May 2018 18:42:54 GMT

@Anonymous wrote:
Sole reason was ch7 bankruptcy.

Strange as i have seen multiple people get this card with less time out of bk.

I need to get a visa or mastercard for my everyday purchases.

Capital One denied for too many inquiries and i burned Credit One in bk.

Any other suggestions?

Have you tried to recon the decision? Barclays is generally known to be very recon friendly, especially for this card. My scores were similar to yours when I applied, and I was able to recon for an approval. I'd give them a call after the holiday weekend

Re: Apple Barclays Denied

Anonymous — Sun, 27 May 2018 18:46:10 GMT

@Batsamandrobin wrote:
@Anonymous wrote:
Sole reason was ch7 bankruptcy.

Strange as i have seen multiple people get this card with less time out of bk.

I need to get a visa or mastercard for my everyday purchases.

Capital One denied for too many inquiries and i burned Credit One in bk.

Any other suggestions?
Have you tried to recon the decision? Barclays is generally known to be very recon friendly, especially for this card. My scores were similar to yours when I applied, and I was able to recon for an approval. I'd give them a call after the holiday weekend

I did but they didn't seem even willing to try. The first rep basically said we need to see more establishment without formally doing a recon. I hung up and called again and the second rep that app had already been reconsidered by the first rep and wasn't willing to budge either.

Re: Apple Barclays Denied

Batsamandrobin — Sun, 27 May 2018 19:03:13 GMT

@Anonymous wrote:
@Batsamandrobin wrote:
@Anonymous wrote:
Sole reason was ch7 bankruptcy.

Strange as i have seen multiple people get this card with less time out of bk.

I need to get a visa or mastercard for my everyday purchases.

Capital One denied for too many inquiries and i burned Credit One in bk.

Any other suggestions?
Have you tried to recon the decision? Barclays is generally known to be very recon friendly, especially for this card. My scores were similar to yours when I applied, and I was able to recon for an approval. I'd give them a call after the holiday weekend
I did but they didn't seem even willing to try. The first rep basically said we need to see more establishment without formally doing a recon. I hung up and called again and the second rep that app had already been reconsidered by the first rep and wasn't willing to budge either.

How long have you had the cards listed in your signature? If they're all new, then you might need to wait 6-12 months before trying again. If you have a way to qualify for membership, I'd recommend looking into joining NFCU.

Re: Apple Barclays Denied

Anonymous — Sun, 27 May 2018 19:08:46 GMT

@Batsamandrobin wrote:
@Anonymous wrote:
@Batsamandrobin wrote:
@Anonymous wrote:
Sole reason was ch7 bankruptcy.

Strange as i have seen multiple people get this card with less time out of bk.

I need to get a visa or mastercard for my everyday purchases.

Capital One denied for too many inquiries and i burned Credit One in bk.

Any other suggestions?
Have you tried to recon the decision? Barclays is generally known to be very recon friendly, especially for this card. My scores were similar to yours when I applied, and I was able to recon for an approval. I'd give them a call after the holiday weekend
I did but they didn't seem even willing to try. The first rep basically said we need to see more establishment without formally doing a recon. I hung up and called again and the second rep that app had already been reconsidered by the first rep and wasn't willing to budge either.
How long have you had the cards listed in your signature? If they're all new, then you might need to wait 6-12 months before trying again. If you have a way to qualify for membership, I'd recommend looking into joining NFCU.

Discover has been 5 months and the others are 3 months..

I burned NFCU in bk so that's not an option

Re: Apple Barclays Denied

pipeguy — Sun, 27 May 2018 20:43:37 GMT

You mentioned several major players in your burn-list which kind of limits your options, although Cap-1 seems to forgive as far as their sub-prime options. Considering how recent your bankruptcy is I would suggest you have 2 options: #1 get a secured card or #2 give it some time.

I see that you had several AU cards as mentioned in a previous thread - have those gone away?

You might want to spend some time in the rebuilding and bankruptcy forums since a lot of MF members have shared their success and not so successful stories (and options).

Re: Apple Barclays Denied

Anonymous — Sun, 27 May 2018 20:58:08 GMT

@pipeguy wrote:
You mentioned several major players in your burn-list which kind of limits your options, although Cap-1 seems to forgive as far as their sub-prime options. Considering how recent your bankruptcy is I would suggest you have 2 options: #1 get a secured card or #2 give it some time.

I see that you had several AU cards as mentioned in a previous thread - have those gone away?

You might want to spend some time in the rebuilding and bankruptcy forums since a lot of MF members have shared their success and not so successful stories (and options).

I still have the AU cards on my report but i've found that noone even considers them when i apply. Barclays only mentioned the cards that were actually in my name.

I already have a Discover Secured, would you recommend getting another Secured Card? I would love to get a Capital One again but last time they denied me for too many inquiries (27 on equifax, alot were for auto loan) and i've never had a pre-qualified offer from them.

Re: Apple Barclays Denied

pipeguy — Mon, 28 May 2018 09:19:48 GMT

There is a difference between need and want. If your "need" is to have an MC/V and that need is currently being covered by using an AU account, then you are good to go. If your purpose is to re-establish one or more MC/V accounts in your name then I suggest you age out your bankruptcy a bit to maybe 12 months before you go crazy on the apps.

Bankruptcy is a serious hit to a credit report, it says to creditors that yeah you extended me credit and I've stiffed you so you can't expect them to jump right back in and say welcome we'd like your business when you have shown an irresponsible credit history (please no hate notes on the need for filing, I'm not judging just saying what a lenders perspective is). The cost of charge-offs and bankruptcies are borne by all of those that pay higher APR's due to "acceptable lender losses" - it's not a mindless hole that has no victim. Again, I'm not judging those that have to find a lifeline or fresh start, I'm just saying that you can't expect your Chapter 7 "restart" to equate into instant approvals for new credit lines and cards - it takes time to establish a new and responsible credit history. Note that just because you can't file a new bankruptcy for x number of years, doesn't mean you can't default on newly established credit lines or cards.

27 apps and a new auto loan (application at least) says that you expect or at least hope that your Chapter 7 filing has no effect on your future. Step by step and with time you will recover, but I think you are finding out that it's not immediate. For those that you "burned" most won't be that forgiving, Cap-1 being the known exception.... in time.

Re: Apple Barclays Denied

shadanat — Mon, 28 May 2018 14:56:46 GMT

Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.

Re: Apple Barclays Denied

Anonymous — Mon, 28 May 2018 15:29:15 GMT

I’ve been running $2k-$3k through the card every month but some places don’t take Discover and i end up having to use my debit card.

Re: Apple Barclays Denied

Anonymous — Mon, 28 May 2018 19:43:07 GMT

@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.

Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.

Re: Apple Barclays Denied

shadanat — Tue, 29 May 2018 00:51:07 GMT

It appears that tour bankruptcy discharge is too new for a non-secured card. If you want another secured card, I would suggest the OpenSky card. There is an annual fee $35 I believe but there is no credit check for that card. You could use that as your daily use card. The card does not graduate but after twelve months you should be in a place where Cap One may let you back in or Barclays would let you in. Your Discover should also be on the verge of graduating.

Re: Apple Barclays Denied

Meanmchine — Tue, 29 May 2018 03:21:31 GMT

OpenSky secured card

Re: Apple Barclays Denied

pipeguy — Tue, 29 May 2018 03:38:51 GMT

@Anonymous wrote:
@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.
Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.

Don't take this wrong, but I think that is the first time I've seen anyone on MF posting 2-3 months post Chapter 7 discharge being concerned with "missing out on points or cash back".

Re: Apple Barclays Denied

Anonymous — Wed, 30 May 2018 00:16:49 GMT

@pipeguy wrote:
@Anonymous wrote:
@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.
Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.
Don't take this wrong, but I think that is the first time I've seen anyone on MF posting 2-3 months post Chapter 7 discharge being concerned with "missing out on points or cash back".

Lol. I understand, and i don't take it the wrong way but to put it simply, it was my mistakes in 2014 that led to the bankruptcy. I've had time to learn from my mistakes and the timing of the bankruptcy was strategic, fortunately but also unfortunately, as if i waited a couple months later i would've no longer qualified for ch7 and would have not had an easy recovery as i did. However when i am spending sometimes $4000 per month... the cash back and points do add up...

I also hate using my debit card for fear of my account being drained and fighting with the bank's fraud department to get it back.

OpenSky Secured has no rewards so there is essentially no advantage over using my debit card...

Re: Apple Barclays Denied

shadanat — Wed, 30 May 2018 00:31:25 GMT

Ah I see. Your original post only mentioned needing a MasterCard/visa. The State Department secured card has reward points. It will require you joining the CU which would be a hard pull for membership.

Most secured cards aren’t for getting cash back and/or rewards. They are to help rebuild credit.

Since your discharge was three months ago, you may be moving too fast with optimizing rewards/cashback.

Re: Apple Barclays Denied

beutiful5678 — Wed, 30 May 2018 06:30:20 GMT

@Anonymous wrote:
I also hate using my debit card for fear of my account being drained and fighting with the bank's fraud department to get it back.

OpenSky Secured has no rewards so there is essentially no advantage over using my debit card...

These are contradictory statements. There is a benefit to using a secured credit card with no rewards - the benefit is greater fraud protection.

Unfortunately, you nor I are in a position to be choosy with our lenders and rewards right now. We have to take what we can get and slowly rebuild a history of responsible credit usage.

You may feel that your mistakes were made three years ago and that you've since grown and developed better credit habits, however, these lenders from whom you want cards will see your CH7 three months post-discharge and will feel otherwise.