topic Re: Barclaycard Rewards in Credit Card Applications

Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 17:53:11 GMT

Just got approved for Barclaycard Rewards card with a $1300.

got approved for Cap1 QS 2000 and Cap1 Classic Plat 2000 few days ago.

What other cards should I apply for?

EX 630 TU 649 EQ 614

Re: Barclaycard Rewards

Creditwiser — Sun, 07 Jun 2015 17:57:54 GMT

That depends on many factors . On the surface though, it appears you're good to go. Allow those accounts to age for a year or two and take care of them. In other words, start Gardening.

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 17:58:37 GMT

Lowe's and once approved call and ask for $10k! Then garden those cards for 6 months and work on any baddies you have. Once you get EQ and EX over 675 I would check prequal for Amex and Chase and app Discover.

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 18:04:07 GMT

@baller4life wrote:
Lowe's and once approved call and ask for $10k! Then garden those cards for 6 months and work on any baddies you have. Once you get EQ and EX over 675 I would check prequal for Amex and Chase and app Discover.

Are you talking about Lowe's Consumer CC?

and yes thats what my plan is, just work on these cards for 6 months or more and then apply for better cards.

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 18:08:34 GMT

Got approved for Lowes card with $300 limit. I was hoping it would be more than that lol

anyways I think I'm done applying for credit cards untill Feb 1st of next year.

I will garden these bad boys for now and work on my credit score. I only have one baddie on my report which should be taken care of soon.

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 18:12:57 GMT

Yes I'm talking Lowe's back by Synchrony. With TU being your strongest you have the opportunity to get a nice limit with a great store card that will grow really fast. Your scores aren't really ready for other prime lenders yet. But you have a good base to build on.

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 18:14:52 GMT

Congrats! Call immediately and ask for $10k. Seriously!

866 519 6441

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 18:22:57 GMT

@baller4life wrote:
Congrats! Call immediately and ask for $10k. Seriously!

866 519 6441

On the phone right now, asked for 10k, got put on hold. will update in few!

*UPDATE
got turned down lol

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 18:27:18 GMT

Ok. Only sp. Give it another month or two to establish history and let your new cards report. And call back. It grows very fast!! I was approved $1500, immediately called and got $12k. Two weeks later went to $17k. Good card!

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 19:09:47 GMT

Sounds good. Got a quick question. So 6 months I had to get secured USbank card with $300 (300 deposit) cap1 secured card with $500 (49 deposit) and then I have a secured card through my local bank 53 bank with $1000 deposit which I have had since 2010. Question is would it make sense for me to cancel all three or just cancel the us bank card since I have 300 tied in that and 53rd also has 1000 tied into but its an old account. Or keep the 53rd card?

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 19:26:42 GMT

I personally would cancel cap 1 since it has an annual fee and you were just approved for two unsecured Cap One cards. US Bank can unsecure. Does it have an annual fee? I can't remember. If not, I would leave it open. Good bank to continue establishing history with. I don't know anything about 53rd bank. If it doesn't have an af, no harm keeping it open unless you need your deposit back. But definitely I would cancel Cap One secured. Not worth the af. Remember,any closed account will stay on your reports 10 years. So it won't affect your AAOA. It will affect your total open credit limits. Therefore affecting utilization.

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 19:53:54 GMT

US bank doesn't have annual fee and 53rd is just horrible in my opinion and I'm planning on moving away from them. I had checking and savings with them since 2007 and I think this might be the oldest account on my credit report. Us bank sent me email offering to give me 200 when opening an account and 50 for the first direct deposit. Debating if I can move to us bank. But yeah I think I will be canceling my cap1 secured card once I get the other cap1 cards in the mail.

Re: Barclaycard Rewards

Anonymous — Sun, 07 Jun 2015 19:56:25 GMT

Also my total open credit limit right now is $1500 and I'm only using 22% so I'm hoping when all the cards are reported at about 7750 open credit limit. It's gonna give a nice little bump on the score.

Re: Barclaycard Rewards

baller4life — Sun, 07 Jun 2015 20:16:59 GMT

Well if you are planning on leaving 53rd anyways I would close it and Cap One and leave US Bank open. But wait till all your new accounts report and you think you could handle losing the $1300. I think you will be just fine and should see a score bump from decreased util.

Re: Barclaycard Rewards

SouthJamaica — Mon, 08 Jun 2015 00:59:15 GMT

@Anonymous wrote:
Just got approved for Barclaycard Rewards card with a $1300.
got approved for Cap1 QS 2000 and Cap1 Classic Plat 2000 few days ago.
What other cards should I apply for?
EX 630 TU 649 EQ 614

None.

You're off to a good start with these cards. Each of these will review you at 6 months intervals for potential automatic credit limit increases.

If you start going on a binge with inquiries and possible new accounts, you'll be shooting yourself in the foot.

Just stay with these cards, pay them off early and often.

Then in 6 months or a year add one or two, take it slow as you build your scores.

Re: Barclaycard Rewards

Anonymous — Thu, 11 Jun 2015 16:36:45 GMT

Oups...I ended up putting three more inquiries after getting this card. So I have total of 5 inquiries on my report. Question. How are have many inquiries considered bad?

Re: Barclaycard Rewards

Anonymous — Thu, 11 Jun 2015 20:23:58 GMT

Congrats!