topic Re: Hmmm what do you think in Credit Cards

Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:10:51 GMT

I received my Barclays reward card, 2.5 weeks ago with a 1300 cl,I ran up like 150 and paid 100. I did this a few times, always leaving a balence. Well I log in today and it says my credit limit is now 500. 😳 I couldn't believe that they cld me before I even got the statement! I called Barclays right away asking why. The lady said umm looks like its something about 90 day past due payments(from 3 years ago) now correct me if I'm wrong but, wouldn't they have caught that during the approval process? I also applied for a discover it immediately after applying for the Barclays card. Now I hear they HATE any kind of apping after you apply for their card. I do not believe that the 90 day later were the reason for the cld. I believe that they were upset I applied for the discover after getting approved by them. I have read numerous posts of this happening and it was really due to aping for new accounts. I spoke to the under writer who immediately reinstated my 1300. I also explained how far I have come in a year (545-663) and how upset I was to basically be kicked down the ladder again. Anyone else have Barclays issues?

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:12:56 GMT

Eta I was approved for the discover it, 1600cl.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:15:42 GMT

From what I've read here and elsewhere, Barclays is very conservative when it comes to lending. I would say that your story sounds fairly typical.

Like you said, Barclays doesn't like apping after you get their card. Be careful about apping too much. I don't think you're going to have a problem, but just in case. And, anyway, when it comes to rebuilding credit, sometimes less is more.

Congrats on getting the CL back up, and on the Discover card!

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:23:09 GMT

Thank you!! Yeah I'm done applying until at least November.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:24:19 GMT

I've read the same thing too and I needed to see your post to remind me lol. I keep thinking I want to apply for both once I leave the garden but clearly not a good idea.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 20:27:07 GMT

I didn't even know any of that until after I applied, however I thought well it's not gonna happen to me. They must have done something wrong. Oops was I wrong! Lol

Re: Hmmm what do you think

Membersince2013 — Fri, 22 May 2015 22:38:34 GMT

Yup... Barclays is stingy with me too, not news here.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 22:50:29 GMT

They are stingy when they don't know your history.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 23:04:25 GMT

If that's the case then they should have started me with a 500cl, not a 1300 and decrease it. Lol

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 23:12:55 GMT

@Anonymous wrote:
If that's the case then they should have started me with a 500cl, not a 1300 and decrease it. Lol

For reference, the wife's first Barclays approval was for $1,500 with a 690 TU FICO.

Her second card was $7,500 with a 717 TU FICO. The third resulted in closing the first card and chopping some CL from the second one.

Re: Hmmm what do you think

JSS3 — Fri, 22 May 2015 23:19:41 GMT

Seems they're pretty quick to reinstate limits and let people off with a stern warning. I appreciate that(should I ever find myself in the hot seat).

I'm laying low as I just picked up 8 new cards. Most of them after Barclays. If they ever dragged me into the principals office, I'd fake like I never knew applying for cards after getting theirs was a bad thing. That I only wanted to establish long, prosperous relationships with banks(read kiss a$$). I'm NOT trying to lose my Sallie!

Re: Hmmm what do you think

elim — Fri, 22 May 2015 23:19:54 GMT

@Anonymous wrote:
From what I've read here and elsewhere, Barclays is very conservative when it comes to lending. I would say that your story sounds fairly typical.

Like you said, Barclays doesn't like apping after you get their card. Be careful about apping too much. I don't think you're going to have a problem, but just in case. And, anyway, when it comes to rebuilding credit, sometimes less is more.

Congrats on getting the CL back up, and on the Discover card!

Not fairly typical. I added many accounts after opening $500 RMC and they 3x auto CLI'd it at statement 6, and gave me RING at 1 year (all with 13k open fed tax lien on all 3). my scores were sub 700 and income was low: 40k. I rarely hear of Barclay CLD (besides maxed out out or non use).

IMHO... 30% use and PIF is Barclay's happy land. but, that's just my experience.

congrats on Discover OP :] they won't touch me.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 23:33:06 GMT

Wow!! They are tight.

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 23:38:17 GMT

Hope you stay under the radar. I was floored, and it was only 1 app. 😁

Re: Hmmm what do you think

Anonymous — Fri, 22 May 2015 23:39:16 GMT

At first I thought it was because of all the payments I made. 😳

Re: Hmmm what do you think

JSS3 — Fri, 22 May 2015 23:58:29 GMT

How many did you make?

Re: Hmmm what do you think

Anonymous — Sat, 23 May 2015 00:02:07 GMT

Wonder if they hate store cards after getting their CC also? Anyone know?

Re: Hmmm what do you think

Anonymous — Sat, 23 May 2015 00:52:49 GMT

I made 3.

Re: Hmmm what do you think

Anonymous — Sat, 23 May 2015 00:53:17 GMT

I think they hate any type of card after them.

Re: Hmmm what do you think

Anonymous — Sat, 23 May 2015 01:37:16 GMT

I picked up 9 cards after the Barclay Ring in January. One of the cards after Ring was the Barclay Rewards cards on 4/14/15. They allowed me to move all but $500 CL to my Rewards card too. It does't appear they're too upset with me but thanks for the heads up.