topic Re: Barclaycard Rewards MC vs CapOne Quicksilver in Credit Cards

Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 07:36:29 GMT

Hi,

I just started rebuilding this past year with a CapOne MC. My FAKO score is 603 with transunion via CapOne credittracker. Up to $1300 CLI on my card, but there are no rewards and the 0% APR has run out. I paid off almost all of the balance, just left a little bit to show usage. Waited until the statement hit, when I planned on applying for the Barclaycard, but recieved an email today from CapOne saying I'm pre-approved for a Quicksilver Visa card with 1.5% cash back and 0% APR for around 10 months. Neither card has an AF.

The barclaycard looks to give a FICO score each month, but then I have to use points, something I've never done before. Are the points applicable towards the balance?

Where does barclay report to? I think CapOne is transunion only, but not sure.

What would you pick?

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 08:42:43 GMT

On mine Barclay is TU as well as Cap One. But don't go by Cap One's credit tracker. It's way off from my true scores. Never really use it. Barclay's is better.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 08:53:40 GMT

What's your opinion on the barclay rewards points? I can't access the store as I am not a current cardholder.

Is it worth getting a barclaycard this early in my credit rebuild simply for the FICO score free? I don't spend enough to really use 2 rewards cards.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

JSS3 — Wed, 06 May 2015 11:26:43 GMT

-Baclays 1,000 = $10 or 100 = $1. You can redeem towards a statement credit. Both Cap1 and Barclays update rewards as soon as charges are posted.

-Barclays reports to all 3 bureaus as does Cap1. Barclays is a TU puller for applications. Cap1 pulls all 3.

-Barclays gives a TU fico. Cap1 gives an TU fako

-I'd get both cards

* Barclays likes to see 6 months to a year of history.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 10:13:43 GMT

How long have you been rebuilding? If you've got a year under your belt, I'd say try for both. Both are great cards to have. Only reason I was denied for Barclay was I only had six months under my belt lol

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 11:35:30 GMT

Been rebuilding since July 2014.

I went ahead and applied for both. Got the CapOne with a $3000 CL. Sweet!

Didn't get a response online for the barclaycard, not sure if that is normal. I am supposed to recieve a response by mail in 7-10 days.

Also applied for a Lowe's store card. Also waiting on a response from that by mail.

Thanks!

Re: Barclaycard Rewards MC vs CapOne Quicksilver

JSS3 — Wed, 06 May 2015 11:54:27 GMT

@Anonymous wrote:
Been rebuilding since July 2014.

I went ahead and applied for both. Got the CapOne with a $3000 CL. Sweet!

Didn't get a response online for the barclaycard, not sure if that is normal. I am supposed to recieve a response by mail in 7-10 days.

Also applied for a Lowe's store card. Also waiting on a response from that by mail.

Thanks!

Call them now and ask them if they need any more information to help them with their decision.

Barclays: 866-408-4064 (Credit Analyst)

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 12:01:15 GMT

What is the min redemption on the Barclays one? (Had it too long ago to remember). If you don't spend a lot, the QS, with no min, might be easier to use.

I think it also depends on how your rebuilding is going. At some point, you will want to replace the Barclays with a 2% everywhere card like Citi Double Cash.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

JSS3 — Wed, 06 May 2015 12:06:20 GMT

@Anonymous wrote:
What is the min redemption on the Barclays one? (Had it too long ago to remember). If you don't spend a lot, the QS, with no min, might be easier to use.

I think it also depends on how your rebuilding is going. At some point, you will want to replace the Barclays with a 2% everywhere card like Citi Double Cash.

No minimum. I redeemed $11 one time.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Wed, 06 May 2015 13:39:49 GMT

Thanks for the tip. I called the number and found out I was declined due to lack of history. Oh well.

Is lowe's perhaps the same? Should I try to call about that one as well?

Thanks.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

SouthJamaica — Wed, 06 May 2015 13:43:50 GMT

@JSS3 wrote:
-Baclays 1,000 = $10 or 100 = $1. You can redeem towards a statement credit. Both Cap1 and Barclays update rewards as soon as charges are posted.

-Barclays reports to all 3 bureaus as does Cap1. Barclays is a TU puller for applications. Cap1 pulls all 3.

-Barclays gives a TU fico. Cap1 gives an TU fako

-I'd get both cards

* Barclays likes to see 6 months to a year of history.

Good job, good advice

Re: Barclaycard Rewards MC vs CapOne Quicksilver

SouthJamaica — Wed, 06 May 2015 13:47:28 GMT

My personal feeling is it's best to stay away from store cards, too easy for them to go inactive if you don't buy something from that particular store.

You're off to a good start, now just chill for awhile, keeping your reported balance low on your Cap One card.

Don't reapply to Barclays until your previous application falls off their 'application status' page, which will be from 3 to 4 months.

A lot of apps and a lot of new inquiries will hurt you.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Thu, 07 May 2015 00:21:01 GMT

@Anonymous wrote:
On mine Barclay is TU as well as Cap One. But don't go by Cap One's credit tracker. It's way off from my true scores. Never really use it. Barclay's is better.

It's a horrible FAKO score. Last month it told me I was 693 and powered by TU. Well, my real TU FICO score is 813. Huge difference.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Thu, 07 May 2015 01:13:30 GMT

@Vulcan1600 wrote:
@Anonymous wrote:
On mine Barclay is TU as well as Cap One. But don't go by Cap One's credit tracker. It's way off from my true scores. Never really use it. Barclay's is better.
It's a horrible FAKO score. Last month it told me I was 693 and powered by TU. Well, my real TU FICO score is 813. Huge difference.

Wow that's crazy, thanks.

That is the main reason I applied for the Barclaycard, for the FICO score. But sadly denied..

If I was denied for the Barclay and the lowes card, is there any chance for a Walmart card? I think they give a TU FICO as well right?

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Jpmack29 — Thu, 07 May 2015 01:20:58 GMT

I prefer capital one vs Barclays. I hardly use my Barclays because of capital ones 1.5% back on anything. I just got it to thicken my profile. I will prob ditch it in the future tho.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Pway — Thu, 07 May 2015 03:44:38 GMT

I agree I use my capital one cards for everything. Especially my QS1, you can't beat the 1.5% cash back on each purchase. I have paid my annual fee in rewards from them. My barclays get no use.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

JSS3 — Thu, 07 May 2015 04:48:52 GMT

Both my Barclays get used over Quicksilver

Sallie- 5% groceries/Amazon
Rewards- 2 points utilies.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Thu, 07 May 2015 04:54:56 GMT

That's the sallie mae upromise card correct? Does it also give you a TU FICO?

My loans are now with Navient, but I stll get this offer when I log in. Are approval requirements different for the Sallie card vs other barclaycards? Does my good pay history on my student loans affect my approval for that card? Since I just got denied the barclay rewards is the Sallie card out of the picture for now?

What about walmart, should I apply for that one considering I was just denied a Lowe's and Barclay Rewards? I don't shop at Walmart a ton, but still buy something or other at least once a month out of convenience and I could keep activity on it easily.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

JSS3 — Thu, 07 May 2015 05:13:09 GMT

-Yes, it gives me my Fico too.
-I would assume the offer is a preapproval and likely golden(but you were denied Rewards so hard one.)
-I believe the consensus is that Sallie is harder to get than Rewards.
-Try again in 6 months. You should get instantly approved since only reason for denial was short history.
-Doesn't sound like you have much use for a Walmart card. Do you just want the free Fico? Go for a Discover instead. Same fico and 1% on purchases with 5% in categories.

Re: Barclaycard Rewards MC vs CapOne Quicksilver

Anonymous — Thu, 07 May 2015 05:15:21 GMT

Yea I pretty much just want the free FICO.

I thought Discover's were pretty hard to get? I thought I would have to wait until I was closer to 700 or better before getting a Discover.