topic Profile for Barclays Rewards application in Credit Card Applications

Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 21:35:04 GMT

I am thinking of applying for Barclays rewards cc in the near future. Could anyone advise what profile is needed to get approved for this card? I have two credit lines (Discover iT & Cap 1 secured), 4 inquiries, AAOA 4 months, no Fico score yet. Any advice greatly appreciated.

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 21:37:11 GMT

@Anonymous wrote:
I am thinking of applying for Barclays rewards cc in the near future. Could anyone advise what profile is needed to get approved for this card? I have two credit lines (Discover iT & Cap 1 secured), 4 inquiries, AAOA 4 months, no Fico score yet. Any advice greatly appreciated.

Time will be your friend here, Barclaycard really stresses age of accounts.

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 21:39:24 GMT

Barclay told me when I originally got my card that they like to see at least 1 year history with a major cc and preferably 2 years. They are not generally known to approve people as a first card or with short histories.

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 21:44:28 GMT

Thanks, I was hoping they accepted six months AAOA. Any advice on another card?

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 21:56:51 GMT

@Anonymous wrote:
Thanks, I was hoping they accepted six months AAOA. Any advice on another card?

I would continue to give it time until your first year managing accounts.

Re: Profile for Barclays Rewards application

CreditCuriosity — Wed, 05 Aug 2015 22:51:31 GMT

Agree with other posters of a year of history before applying for Barclay's

Re: Profile for Barclays Rewards application

GoldSorata — Wed, 05 Aug 2015 22:58:51 GMT

Barclays does like to see history but I view the rewards as one of their entry level cards and I think one can get by with only 6 months of history on revolving accounts (that's when I got approved) however I did have mortgage and student loan history. I also had a 640 TU Fico at the time due to high util. They approved me but just barely, got a $500 SL that they wouldn't reconsider when I tried calling. They've since bumped up to $1500 after 6 months.

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 23:09:36 GMT

Thanks again to all of you, guess Ill wait for 1 year then.

Re: Profile for Barclays Rewards application

Anonymous — Wed, 05 Aug 2015 23:18:38 GMT

@Anonymous wrote:
Thanks again to all of you, guess Ill wait for 1 year then.

It's only 8 months.

Re: Profile for Barclays Rewards application

barthooper — Thu, 06 Aug 2015 00:22:34 GMT

Barclay Rewards was my first CC I got back in Jan 2014. Prior to that I only had student loans on my report. I was approved for $1500 after they called to ask for my past address. Four months later I got the Sallie Mae MasterCard at $4700. Obviously YMMV but giving Barclays a shot as a first CC is possible in my opinion, if you have student/auto loans on your credit report.

Edit: I wanted to point out that it wouldn't be a good idea in OP's case, without having a FICO and with such new accounts, but that in general terms it is possible.

Re: Profile for Barclays Rewards application

Anonymous — Thu, 06 Aug 2015 01:54:23 GMT

just out of curiously have you thought of making your secured with cap1 unsecured? that'll be a nice start. then ask for a cli. it's a soft pull.
(depending how long you had it, though)

Re: Profile for Barclays Rewards application

Anonymous — Thu, 06 Aug 2015 01:55:35 GMT

treat your credit like a business and like with any other business you should expand on what you already have. grow a deeper relationship. then move to other businesses

Re: Profile for Barclays Rewards application

Anonymous — Thu, 06 Aug 2015 13:21:44 GMT

I think Cap 1 never graduates their secured cards, but they will give you an unsecured card if you maintain good history. Thanks for the advice.

@Anonymous wrote:
treat your credit like a business and like with any other business you should expand on what you already have. grow a deeper relationship. then move to other businesses

Re: Profile for Barclays Rewards application

Anonymous — Thu, 06 Aug 2015 15:03:47 GMT

yeah but it's a start