topic Re: Barclay CLD/AA in Credit Cards

Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:12:30 GMT

Got my CLD/AA by barclay. was one of my first cards I recieved on a recon last year. Came home today, opened the mail and seen my CL was slashed to 1400 with a 1153 balance on it. I used my barclay frequently. SO i went online, paid the enrtire balance off. Called the 800 number on the back of the card and politely asked her to cancel the card. She asked why, I told her because of the CLD. I said i knew it was a matter of time because of all the stories I have read online about how barclay is with AA. I did say how it was conviently at christmas time, but assured her I had other cards in my wallet that would do just as well.

She asked if I wanted to try for a CLI before closing, I say no, as i'm laughing and say why would i do such a thing when i have a letter infront of me saying you did a CLD. Are you serious? Do you think i would take a hard pull on my credit from YOU...absolutly not. Please close the card.

She went on to say we hate to lose you blah blah blah...welll wasnt to much of a loss if they CLD me. I did make many purchases on it and used it alot...

Oh well...See yea barclay....If you're that insenstive where you will cut someone CL and leave them with 247 avalible credit, driving the UTI on a card over the top and possibly getting AA by others because of it, well you can take your card and shove it up your.......well you know.

And by the way, they did send me a reason why....the letter is identical to the reason they let me have the card in the first place...Score has actually gone up in the last year.

Re: Barclay CLD/AA

AverageJoesCredit — Fri, 09 Dec 2016 02:17:46 GMT

That is not cool, especially near Christmas. Sorry to see this happen. If you dont mind me askng, how much was your original limit on the card?

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:24:26 GMT

@AverageJoesCredit wrote:
That is not cool, especially near Christmas. Sorry to see this happen. If you dont mind me askng, how much was your original limit on the card?

2700. It started at 1000..it was actually my lowest limit card.

The way I seen it Barclay gave me a shot when no one else would when I started rebuilding, So i remained loyal to them even tho I had a bunch of other cards. Chase, Amex, usbank, capital one, etc. I always used my Barclay because I was loyal to them. I guess the feeling wasn't mutual between us. I always PIF every month, Sometimes twice a month, and sometimes I would throw them a bone and let a little report to give them a little bit of intrest.

Re: Barclay CLD/AA

driftless — Fri, 09 Dec 2016 02:30:05 GMT

Sorry.

Re: Barclay CLD/AA

AverageJoesCredit — Fri, 09 Dec 2016 02:33:58 GMT

Wow, yeah i would definitely show them the door as well. If im upholding my deal by using my credit card and paying it as i should and they want to decrease me to the point my card is maxed , i would do exactly as you have done. Im sure you will read in the following posts questions about what else has changed recently to so call "spook" them so by chance has anything else changed in your profile or do you believe this to be a Barclay crazy moment? Thanks and good luck with your future credit endeavers

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:40:13 GMT

I'm sorry.....I didn't see the reason they gave you?

Im sure i will be next with aa from Barclays. I was hoping to make it a year with them before I closed them out.

Re: Barclay CLD/AA

driftless — Fri, 09 Dec 2016 02:41:17 GMT

When posters question Cap One, I raise questions. I don't with Barclay's, I think that they are toxic.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:45:06 GMT

@AverageJoesCredit wrote:
Wow, yeah i would definitely show them the door as well. If im upholding my deal by using my credit card and paying it as i should and they want to decrease me to the point my card is maxed , i would do exactly as you have done. Im sure you will read in the following posts questions about what else has changed recently to so call "spook" them so by chance has anything else changed in your profile or do you believe this to be a Barclay crazy moment? Thanks and good luck with your future credit endeavers

only thing that changed was my truck was totalled but it had a loan and never missed a paymnet on it. It was paid off by the insurance company. So in september I picked up a new 2016 challenger scat. Other than that nothing changed, spending habits are the same, 1-9% always reporting. My credit is actually 1000 times better than when i even recieved the card LOL. The only things left on my credit are my BK and tax lien which fall offf next year. Then i have a medical collection thats from 2012..So in 2017 I should see some major increases in my scores when those drop off... Maybe they are worried that next year will put me in a new bracket to get some better cards? IDK was a shocker to be honest. Funny thing was, yesterday i was on here reading about someone getting CLD...Must be that time of year for them to go christmas shopping, what better way then CLD everyone so they are forced to send in huge payments..Kids must want a yatch or someting lmao

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:46:41 GMT

Sorry to hear this.

I got their Rewards card when rebuilding, less than 2 years ago. I quit using the card months ago. Limit still sits st $500. They send me junk mail & bal transfer checks constantly. Why would I do that?! I finally called them & talked to a rep a few weeks ago & asked what the criteria was for increases. All my other cards have grown leaps & bounds. My Fico is 740, utiliz about 5%. The rep said he'd put in a request for a CLI; I politely declined. Also asked him when they close out accts. He said usually after 6 months with no activity. They can close mine. I have no use for this conservative skittish bank.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:53:00 GMT

reason where public records,

Collections ( medical collections from 2012 thats been paid and has always been paid)

Installment blalance to high ( new car i got but had installment loan from the previous car that had a high balance to amount owed ratio)

all the same on the letter they approved me on

I had the public records when i recieved the card, had my installment loan when i recieved the card , Hadn't had a CC since 2012? maybe longer. So my accounts were always "to new" .My credit score was actually lower when i recieved the card..668 now 692

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 02:54:01 GMT

@driftless wrote:
When posters question Cap One, I raise questions. I don't with Barclay's, I think that they are toxic.

I agree. I always thought i the back of my mind...is today the day...no need to worry about it now

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 03:05:05 GMT

@Anonymous wrote:
reason where public records,
Collections ( medical collections from 2012 thats been paid and has always been paid)
Installment blalance to high ( new car i got but had installment loan from the previous car that had a high balance to amount owed ratio)

all the same on the letter they approved me on

I had the public records when i recieved the card, had my installment loan when i recieved the card , Hadn't had a CC since 2012? maybe longer. So my accounts were always "to new" .My credit score was actually lower when i recieved the card..668 now 692

Oh yeah, I'm definitely next. Profile very similar to yours. They were my first card too for my rebuild and I had to recon.

Oh well, they served their purpose.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 03:25:14 GMT

This is exactly the reason I closed my Ring card last week. I beat them to it. Closed By Consumer....

Re: Barclay CLD/AA

CreditMagic7 — Fri, 09 Dec 2016 03:49:07 GMT

@Anonymous wrote:
This is exactly the reason I closed my Ring card last week. I beat them to it. Closed By Consumer....

The same here this past summer. Closed the Ring Card proactively!

I didn't trust them.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 03:57:53 GMT

Do you think these CLD and account closings happen mostly on Barclays own cards, or do they also happen on co-branded cards like the jetBlue? I hope not, but I'll just have to see what happens, I guess.

Re: Barclay CLD/AA

NRB525 — Fri, 09 Dec 2016 04:00:32 GMT

Thanks for sharing OP.

Barclays rejected my app in mid-2014 and it is probably a good thing. They would have CLD / closed the account anyway

In my opinion, when rebuilding, one should close cards, if one had to get these, in the following sequence:

1) Credit One

2) First Premier

3) Anything Barclays

and never close Capital One

Re: Barclay CLD/AA

TrialByFire — Fri, 09 Dec 2016 04:39:55 GMT

They slashed mine last month from 10k to 3500 with a balance of 3200. I called Barclays portfolio something number and asked why they did the CLD. The reason was I carried a balance for about 8mo and I had several inqs from rate shopping for a mortgage. This is on the ring card so that's kind of the purpose due to 8% APR. I asked them to reinstate my original credit line. They checked my 3 yr acct history, said we see you have a history a making big payments. Then they honored my request. You could try to go that route if it's not too late but don't blame you in the slightest for not wanting to deal with their fickleness.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 04:45:24 GMT

@Anonymous wrote:
Do you think these CLD and account closings happen mostly on Barclays own cards, or do they also happen on co-branded cards like the jetBlue? I hope not, but I'll just have to see what happens, I guess.

I wonder that too. I just got the JetBlue card in August, so I'm happy with Barclays so far. They also gave me double what my previous largest limit was, so I can't complain about them at all. But reading some of these experiences does make you wonder.

Re: Barclay CLD/AA

Anonymous — Fri, 09 Dec 2016 04:51:16 GMT

Never good news...sure is a lot of this with Barclay these days.

Re: Barclay CLD/AA

UncleB — Fri, 09 Dec 2016 05:29:07 GMT

@NRB525 wrote:
Thanks for sharing OP.
Barclays rejected my app in mid-2014 and it is probably a good thing. They would have CLD / closed the account anyway

In my opinion, when rebuilding, one should close cards, if one had to get these, in the following sequence:
1) Credit One
2) First Premier
3) Anything Barclays

and never close Capital One

A year and a half ago when I still had a couple of lingering 'sins of the past' I was denied for two cards. One was BoA... I've since been approved by them. The other was Sallie Mae; it was declined due to an old Juniper Bank CO from years ago (no HP, apparently I'm on the blacklist).

At the time I was bummed, but now I couldn't be more pleased how things turned out. Since at that time I was at the beginning of my rebuild there's no doubt I would have had problems had Barclays approved me.

This isn't just 'sour grapes'... I mean it when I say I'm happy the way things turned out. Sometimes things just happen the way they are meant to.

(And you'll have to take my Capital One cards from my cold, dead hand.)