topic Re: Barclay card requirements in Credit Card Applications

Barclay card requirements

Anonymous — Fri, 17 Jul 2020 16:34:03 GMT

Hello, all.

I'm considering applying for a Barclay card, but looking for some general input since they have no pre-qual sites. I'd be applying with a dirty scorecard, but paid derogs.

Any advice on minimum score (TU I assume) and any app sensitivities they may have.

Thanks!

Re: Barclay card requirements

Anonymous — Fri, 17 Jul 2020 16:44:12 GMT

They are one of the pickiest lenders for cards that are blah at best. They don't like new accounts and depending on how old the derogatories are, that could be a deal breaker too.

Re: Barclay card requirements

CYBERSAM — Fri, 17 Jul 2020 17:00:55 GMT

@Anonymous wrote:
Hello, all.

I'm considering applying for a Barclay card, but looking for some general input since they have no pre-qual sites. I'd be applying with a dirty scorecard, but paid derogs.

Any advice on minimum score (TU I assume) and any app sensitivities they may have.

Thanks!

These days, I would say 750 score and no new accounts added with no more than 2 inq! Oh also very little UTI.

Good luck.

Re: Barclay card requirements

coldfusion — Fri, 17 Jul 2020 18:50:07 GMT

Depends on the card.

TU FICO 8 690 will help get you a close look, 720 will get you a closer one.

They are inquiry- and new account- sensitive, having an established deep and thick profile helps a little bit with desensization.

They don't have a lot of tolerance for cardholders who they think may be faltering a bit or who demonstrate what they consider a lackidaisical attitude toward maintaining a strong credit profile and are very quick to cut the cord.

Their underwriters are no-nonsense but if they aren't pressed for time are willing to spend a couple of minutes giving constructive feedback within reason if you ask the right questions.

Re: Barclay card requirements

M_Smart007 — Fri, 17 Jul 2020 22:09:38 GMT

@Anonymous wrote:
Hello, all.

I'm considering applying for a Barclay card, but looking for some general input since they have no pre-qual sites. I'd be applying with a dirty scorecard, but paid derogs.

Any advice on minimum score (TU I assume) and any app sensitivities they may have.

Thanks!

Just curious, any specific reason for "Barclay"?

Re: Barclay card requirements

Dmessina666 — Tue, 21 Jul 2020 17:55:50 GMT

Ok, so contrary to the other comments, I have the Barclay Apple Financing Card.

I applied in April of this year, with the following:

3 PIF charge-off accounts that are all about 4 years old.

Inquiries across the board - 29

aggregate utilization across 9 new accounts in two years - 7%

AZEO when I applied, approved for $2000 SL

My scores were:

EQ Fico 8 662

TU Fico 8 688

EX Fico 8 677

My advice, you never know bc I got it with the total opposite of what everyone is saying here. Good luck and please let us know if you do apply.

Re: Barclay card requirements

Anonymous — Wed, 22 Jul 2020 23:33:48 GMT

@Anonymous What card are you applying for? Are the card benefits exclusive to Barclay?

Imo if there is a comparable card at another financial institution, you should apply there instead. Only reason I say that is because Barclay cards (and Sync) appear to be susceptible to AA. So if you ever get into credit trouble again you may find your Barclay card experiencing a CLD or other event outside of your control during a tulmultious time.

"AA = Adverse Action = Account closure, CL decrease, etc. (Ontherebound)"

Re: Barclay card requirements

randomguy1 — Thu, 23 Jul 2020 02:22:26 GMT

@Dmessina666 wrote:
Ok, so contrary to the other comments, I have the Barclay Apple Financing Card.

I applied in April of this year, with the following:

3 PIF charge-off accounts that are all about 4 years old.

Inquiries across the board - 29

aggregate utilization across 9 new accounts in two years - 7%

AZEO when I applied, approved for $2000 SL

My scores were:

EQ Fico 8 662
TU Fico 8 688
EX Fico 8 677

My advice, you never know bc I got it with the total opposite of what everyone is saying here. Good luck and please let us know if you do apply.

I believe they are a TU puller so 688 is right in the range of approvals.

Re: Barclay card requirements

Anonymous — Thu, 23 Jul 2020 14:22:24 GMT

I'm in the same boat, I got a very basic reward card from them like 4 years ago with a banko 3 years ago.

Re: Barclay card requirements

JR_TX — Thu, 23 Jul 2020 15:56:27 GMT

@Dmessina666 wrote:
Ok, so contrary to the other comments, I have the Barclay Apple Financing Card.

I applied in April of this year, with the following:

3 PIF charge-off accounts that are all about 4 years old.

Inquiries across the board - 29

aggregate utilization across 9 new accounts in two years - 7%

AZEO when I applied, approved for $2000 SL

My scores were:

EQ Fico 8 662
TU Fico 8 688
EX Fico 8 677

My advice, you never know bc I got it with the total opposite of what everyone is saying here. Good luck and please let us know if you do apply.

I have that card sound asleep in my SD and would've closed it if it isn't one of my oldest card since rebuild. It's a USELESS card outside of select apple products periodic financing. Has zero rewards and high APR so anyone pretty much with a pulse can qualify for that card (albeit toy SL)! Incremental CLIs are HPs and require an interrogation from their UWs! Between that card and Merrick, I'd take the latter any day of the week!

Re: Barclay card requirements

Dmessina666 — Thu, 23 Jul 2020 17:43:57 GMT

Anyone with a pulse??? I doubt it. Not everyone can get approved for Citi, BBVA, or Wells Fargo.

Im sure most would agree APR's don't matter if your not carrying a balance. I'm not sure about the OP's credit situation other than having a dirty card, but Barclays is a better pick than the others he probably qualifies for such as Surge, FIT, or Merrick....Who also have ridiculous APR's and zero rewards.

Re: Barclay card requirements

coldfusion — Thu, 23 Jul 2020 18:59:09 GMT

Not quite 2 years ago BarclayUS sifted through the list of cardholders holding core cards and sold off a wide swath of near-prime and subprime accounts to First Bank & Trust who then issued them replacement Mercury-branded credit cards.

Multiple cards were affected even including the Arrival + which was at that point their crown jewel. If you were on the list you could not recon the transfer and retain your BarclayUS card, the only options were to accept the transfer or close the account.

Hence the preface on my posting above regarding the dependency on which card OP is interested in. Barclay sent a pretty strong message regarding the preferred demographic for their core cards.

Re: Barclay card requirements

financialfreedom777 — Sat, 25 Jul 2020 22:34:35 GMT

@Anonymous wrote:
They are one of the pickiest lenders for cards that are blah at best. They don't like new accounts and depending on how old the derogatories are, that could be a deal breaker too.

It's one of the cards I want to apply for too. Guess I don't have a chance in the world what with 4 LATES on my report and only 2 years of on time payments. :-(

Re: Barclay card requirements

DebtStinks — Mon, 27 Jul 2020 16:30:09 GMT

YMMV, but this is based on my personal experience opening my card about 18 months ago and what has transpired in that timeframe. I applied for the Uber CC and was initially denied due to (what credit dept rep stated) lack of history Post CH7 BK. He stated their "guidelines" are very similar for all applicants, but it's a hard rule on Post BK customers.

"Stated" requirements, and you can recon. I won't list their credit dept. # here as I'm not certain it's permitted.

650+ score (default Transunion)

2+ revolving accounts (not AU) open and paid as agreed reporting 6+ months

BK (if any) is 6+ months since discharge since they want to see the above as Post BK history

Sufficient and verifiable income (if asked)

Same as above with residence and rent/mortgage payment

Even on my 2nd application, it was NOT an instant approval and I called the credit dept. to have a live rep go over my app. He inquired about the reason for BK, etc and verified all other details of my app. I was given an initial CL of $1,000...increase (with HP) to $2,500 around 4 months later and then an Auto-CLI via SP/Account Review Inquiry to $5,000 in November 2019.

This card lost it's real appeal IMO a few months ago when all the cash back was converted to Uber cash ONLY and has since become a sock drawer card for me. I'll use it to keep it active and for the potential Uber ride when I travel every couple months.

Hope this helps! Best of luck!

Re: Barclay card requirements

SouthJamaica — Mon, 27 Jul 2020 21:55:16 GMT

@Anonymous wrote:
Hello, all.

I'm considering applying for a Barclay card, but looking for some general input since they have no pre-qual sites. I'd be applying with a dirty scorecard, but paid derogs.

Any advice on minimum score (TU I assume) and any app sensitivities they may have.

Thanks!

They're tough. They'll even reject applicants with good credit scores who have several recent inquiries.

And IMHO they're not a nice institution to deal with.

I wouldn't waste the hard pull.