topic Could I be denied for Barclaycard Rewards card? in Credit Cards

Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 07:23:11 GMT

My credit score is a 756 average and I am wanting to apply for the Barclaycard Rewards card. I have a Credit Karma account, and I do realize that information there isn't altogether accurate, but they have a gauge to determine your likelihood of being approved for particular credit cards. Although my credit score is rather decent, it is telling me my odds of being approved are Poor. Why would this be? Is my credit score too high for that card? Is that possible?

Re: Could I be denied for Barclaycard Rewards card?

Skye12329 — Sun, 14 Jun 2015 07:30:41 GMT

Well shouldn't rely on just score, if you have a decent profile then i see no issue

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 07:37:08 GMT

Well I think it's a bit odd. For cards that are in the "excellent credit" category, they give me an approval likelihood of "Very Good" , yet on the Barclaycard deemed for those with "Fair" credit, I am given a "Poor" chance. I'm confused.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 07:41:07 GMT

@Anonymous wrote:
Well I think it's a bit odd. For cards that are in the "excellent credit" category, they give me an approval likelihood of "Very Good" , yet on the Barclaycard deemed for those with "Fair" credit, I am given a "Poor" chance. I'm confused.

I did notice the same thing. The higher your score goes on their site, the very few "excellent credit" cards all say "very good" for approval. The others in a lower category will say "good" or worse. I suppose they want you to app for the better card for some reason?

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 08:03:42 GMT

After looking through all the available rewards cards, I decided that Groceries, Gas, and Utilities were pretty much my largest sum of purchases. So at 2% for all those categories I thought this card would be more beneficial for my needs than a Quicksilver 1.5% as my everyday rewards card. But now I'm a little gunshy to try to apply. Does excellent credit hurt your approval chances for lower tier cards?

Re: Could I be denied for Barclaycard Rewards card?

Skye12329 — Sun, 14 Jun 2015 08:08:20 GMT

@Anonymous wrote:
After looking through all the available rewards cards, I decided that Groceries, Gas, and Utilities were pretty much my largest sum of purchases. So at 2% for all those categories I thought this card would be more beneficial for my needs than a Quicksilver 1.5% as my everyday rewards card. But now I'm a little gunshy to try to apply. Does excellent credit hurt your approval chances for lower tier cards?

No, if anything it should(emphasis on should, but obviously other factors come in) mean your going to get a higher starting line if you have excellent credit and apply for a lower tier card. CK like other websites that advertise cards make a commision from the lender if you apply through their website.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 08:23:14 GMT

Ah, so CK is assuming that I would apply through their site and wouldn't make as much commission from me applying for that particular card. So they try to discourage us from lower tier cards. Makes sense I guess. As far as credit line, I'm certain I would get a fairly decent starting line, and they do a credit line increase after 5 months anyway. I am just more concerned about being denied with a hard inquiry for a card I should easily qualify for.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 08:27:00 GMT

@Anonymous wrote:
After looking through all the available rewards cards, I decided that Groceries, Gas, and Utilities were pretty much my largest sum of purchases. So at 2% for all those categories I thought this card would be more beneficial for my needs than a Quicksilver 1.5% as my everyday rewards card. But now I'm a little gunshy to try to apply. Does excellent credit hurt your approval chances for lower tier cards?

No. Not at all. Many have that card. Me included. You should app for the cards you feel are beneficial to you. I always do my research before app'ing. If I don't need it or will not use it, then there's no need to apply.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 08:39:43 GMT

Sandi, I think that's my problem. I have done extensive research trying to choose the right card(s) for me, and I think maybe I'm just digging a little TOO deep and making things more complicated for myself. I simply want (1 everyday rewards card) and (1 rotating category card) for the majority of my needs. But with all the factors involved it gets a bit convoluted. I'm simply not a 12 credit card kinda guy....I just need a couple to take advantage of cashback for my normal spending.

Re: Could I be denied for Barclaycard Rewards card?

nma851 — Sun, 14 Jun 2015 09:40:05 GMT

@Skye12329 wrote:
@Anonymous wrote:
After looking through all the available rewards cards, I decided that Groceries, Gas, and Utilities were pretty much my largest sum of purchases. So at 2% for all those categories I thought this card would be more beneficial for my needs than a Quicksilver 1.5% as my everyday rewards card. But now I'm a little gunshy to try to apply. Does excellent credit hurt your approval chances for lower tier cards?
No, if anything it should(emphasis on should, but obviously other factors come in) mean your going to get a higher starting line if you have excellent credit and apply for a lower tier card. CK like other websites that advertise cards make a commision from the lender if you apply through their website.

I'm with Skye on this one . Pay NO attention to the CK FAKO, only your real FICOs. I'll tell you from my experiences - I'd take Barclay over QS anyday. Back THEN, I wouldn't have thought about the "Excellent" category or even the QS One for the matter. Having both, I barely use the QS and have BC Rewards as primary, netting about $50-75/month cash back. That 2% - you CANNOT go wrong for your groceries/utilities. That is where I get the bulk of my points - while ALSO having a very nice CL.

I was a "Very Good" candidate for a "Credit One" account but "Fair" for Discover IT which I've had - and is at $17K. Look at my FICOS..... I digress LOLOL Kinda is my "comic relief" whenever they "recommend" as they do. Yeah I'll be jumping on that Credit ONe app RIGHT away HAHAHAHAHA!

App'd for BC Rewards for excellent, started me out at (I think) $3K or $4K, have had it for 18 months, and I'm up to $11K. Up until this month, they were my highest until my recent EO interatction w/Cap One to raise my QS Visa Siggy. Unreal how that place does NOT want to budge unless you go through the EO route - even with my scores (now, not then LOL). We shouldn't have to fight like that JUST for a simple CLI. Barclay - you do them right, they'll hand it out either on their own or with an HP. Wait about 4-6 months for some auto-luv, but if you cannot wait or get none, and are willing to take the HP, you'll get the CLI w/Barclay. That is, all things considered & your profile supporting it even with your FICOs (no 20+ inquires, e.g.).

Kinda funny how Cap One had some booth at Pride this year too. So I started showing folks my "interactions" about gtting a CLI out of Cap One. One of em said she had their card for 3 years & nothing, she wanted to try now, I told her she & her partner would be hospitalized from Sunburn from waiting with the Cap One EO JUST for getting the CLI request put in. Go figure, barely anyone had a thing to do with the Cap One booth after this "Release of Info"

Anyway, the nitty gritty is Barclay will take care of you, Cap One will turn into a hassle unless you are OK with never getting a CLI unless/until you've taken vacation time to handle the requests. BC Rewards has paid back QUITE a bit, running all my utilities (and yes, cable, internet, etc. counts) is "paying" my electric bill due to the cash-backs, and they've consistently increased me. Interest wise, they've gone down down and down into (I believe) either 14 or 16%, but that is moot for me since I PIF each STMT. QS is a single-digit APR IIRC, but - again, it's no comparison to BC. I don't have to EVER worry about my UT% w/BC unlike the QS (if it was not for the EO upping my CL that is).

Hope this helps Take it easy!

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 10:19:07 GMT

Whatever you do, do not rely on anything on CK when it comes to your 'odds' of applying for any credit card. Those recommendations or lack of are completely worthless and purely marketing as they get paid to promote certain cards. Instead pay attention to your Fico scores and research the criteria for approvals on any particular card. There is no such thing as your credit being too good for any card.

Re: Could I be denied for Barclaycard Rewards card?

Jpmack29 — Sun, 14 Jun 2015 11:27:34 GMT

Credit karma is not accurate with their scoring- and their recommendations are way off. I take what they say with a grain of salt.....

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 15:56:25 GMT

I appreciate all the responses on this. Definitely eases my mind a bit after hearing the feedback. With my credit scores around 756, only 1 inquiry from a year ago, no debt - I PIF every month, consistant 5% utilization, and a good job......I really see no reason why I would have any issues. That's why the CK thing had me confused, I thought surely you couldn't be turned down for your credit being "too good". Surely not....lol. Thanks again for the responses!

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 16:57:42 GMT

Just to throw this out there have you considered the Sallie Mae? I have the Barclay Rewards card and I love it because it suits my profile and I dont think I could be approved for the Sallie Mae at this time.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 17:18:19 GMT

I don't understand the british barclay thing. I haven't seen any of their rewards cards to be way better than any of the others.

You can't go wrong with amex blue cash preferred 6% CB on groceries 3% on gas and whatever % on everything else, annual fee, yes, but if u spend over 55 a week its worth it. Now their promos are strange, they change quite a bit. I have seen $150 after spending $500. And $250 after $1000.

Would someone explain to me why Barclaycard is such a good thing? Not to sound offensive.

Re: Could I be denied for Barclaycard Rewards card?

taxi818 — Sun, 14 Jun 2015 20:12:20 GMT

If you are doing research with those kind of scores. there are for sure many many better rewards cards than the barclays reward card. Paltry at best is phrase that comes to mine. i do agree ck is kinda usless with recommendations. but maybe they have a point. when it comes to that. if you are rebuilding . its excellent. beyond that someting that i will not earn a lot from for using it. if you must have a barclays card. consider the barclays ring. almost unmatched in low apr. and benefits. even though it is not a cash back. not sure what exactly you are looking for. 2 percent card maybe?

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 20:31:09 GMT

READ THIS BEFORE YOU APPLY!

OP, with your scores, you could easily apply for 3 cards and receive greater rewards than your current two card plan. I understand your desire is to only carry 2 cards, but consider to maximize your FICO scores, 3 is considered the minimum number.

First, if you're interested in Barclay, the Sallie Mae Mastercard will give you 5% gas, 5% groceries, and 5% bookstores (Amazon included). There is a $250 cap on each of the gas/groceries category, but unless you're spending $600 per month on groceries or gas, you will still beat out the Rewards card.

Next, the Citi Double Cash will give you 2% on EVERYTHING, which is greater or equal to the Rewards Card in all categories.

Finally, between rotating categories, the Discover It and the Freedom are your two choices. The Discover it is offering DOUBLE your cash back at the end of your 13th statement. The Freedom currently offers a $200 signup bonus. The It has an Amazon promotion which will give you a $100 Amazon gift card for your first purchase. It is up to you which card suits you best.

With all this said, if you still would like only 2 cards, I recommend the Sallie Mae Mastercard to be one of them if your gas and groceries indeed make up a large portion of your monthly spending.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Sun, 14 Jun 2015 20:32:53 GMT

@Anonymous wrote:
I don't understand the british barclay thing. I haven't seen any of their rewards cards to be way better than any of the others.

You can't go wrong with amex blue cash preferred 6% CB on groceries 3% on gas and whatever % on everything else, annual fee, yes, but if u spend over 55 a week its worth it. Now their promos are strange, they change quite a bit. I have seen $150 after spending $500. And $250 after $1000.

Would someone explain to me why Barclaycard is such a good thing? Not to sound offensive.

Look into the Sallie Mae Mastercard. If you spend $55 a week on groceries, the Sallie Mae will come out ahead of the BCP due to the annual fee. The BCP comes out ahead between $300-400 per month on groceries due to the cap on the Sallie Mae card.

Re: Could I be denied for Barclaycard Rewards card?

Anonymous — Mon, 15 Jun 2015 00:53:31 GMT

@Anonymous wrote:
READ THIS BEFORE YOU APPLY!

OP, with your scores, you could easily apply for 3 cards and receive greater rewards than your current two card plan. I understand your desire is to only carry 2 cards, but consider to maximize your FICO scores, 3 is considered the minimum number.

First, if you're interested in Barclay, the Sallie Mae Mastercard will give you 5% gas, 5% groceries, and 5% bookstores (Amazon included). There is a $250 cap on each of the gas/groceries category, but unless you're spending $600 per month on groceries or gas, you will still beat out the Rewards card.

Next, the Citi Double Cash will give you 2% on EVERYTHING, which is greater or equal to the Rewards Card in all categories.

Finally, between rotating categories, the Discover It and the Freedom are your two choices. The Discover it is offering DOUBLE your cash back at the end of your 13th statement. The Freedom currently offers a $200 signup bonus. The It has an Amazon promotion which will give you a $100 Amazon gift card for your first purchase. It is up to you which card suits you best.

With all this said, if you still would like only 2 cards, I recommend the Sallie Mae Mastercard to be one of them if your gas and groceries indeed make up a large portion of your monthly spending.

Right, with decent scores there is no need to get a 2% somewhere card, when no-AF 2% everywhere cards are available.

Re: Could I be denied for Barclaycard Rewards card?

baller4life — Mon, 15 Jun 2015 01:01:39 GMT

I agree with all the others. With such a high score,you can definitely do better.