topic Re: Barclays has taken action after using BT in Credit Cards

Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 14:57:15 GMT

Just wanted to add a bit of data to these forums with all we see about Barclays. In early January I decided to use a 0% balance transfer after Barclays kept bombarding me with them, and used the money to pay off my Christmas shopping and a few other big bills. I did the BT online where Barclays deposits the money directly into your checking account, and did $6k of my $17,200 line. I've been paying it back at the rate of $500/month since then.

Every time I log in I've been half-expecting to see my CL slashed, and resigned myself to not caring about it. I logged in this morning and see my CL has changed, they've given me an auto-CLI to $20,200 - a $3k increase!

So maybe they're changing their ways or the view of Barclays is highly skewed on these forums by some negative experiences.

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:02:20 GMT

Wonderful!

In my year with Barclays i've found all of the paranoia around them overblown... at least in my case.

I BT'd $12k to a $16.5k card (three days after acquiring said card) and there was no action.

I applied for the Ring after 9 months of having the Aviator and was insta-approved for $10k.

They've been nothing but pleasant as a company... for me.

Re: Barclays has taken action after using BT

CreditCuriosity — Thu, 07 Apr 2016 15:07:25 GMT

Congrats.. Ya called in and got an APR reduction and a SP CLI of 2500 day before yesterday and they were basically saying I could use 0% BT check to put into my checking account basically begging me to lol.. I don't carry balances so didn't need this and know people that have been bit by it, although everyones profile is different.

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:08:08 GMT

they aren't changing their ways; they've been known to want you to use their BT offers (people with the ring card get extra info about barclays)

congrats on your increase!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:08:40 GMT

Same for me, I had been using my Ring to carry a small $5k BT when I lost my job. When I got my new job, it included a 25% pay decrease. So I called them and let them know that I'd be carrying heavy utilization on the card, upwards of 80% and to ask them if that would be a problem. I told them I was doing it because it was by far the lowest interest rate on all my cards. They looked through my account and said no problem. I've been carrying about 85% utilization for the past 6 months with (so far) no AA from them.

Re: Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 15:12:31 GMT

@Anonymous wrote:
Same for me, I had been using my Ring to carry a small $5k BT when I lost my job. When I got my new job, it included a 25% pay decrease. So I called them and let them know that I'd be carrying heavy utilization on the card, upwards of 80% and to ask them if that would be a problem. I told them I was doing it because it was by far the lowest interest rate on all my cards. They looked through my account and said no problem. I've been carrying about 85% utilization for the past 6 months with (so far) no AA from them.

Sorry to hear about the job loss and congrats on the new job, albeit with a pay decrease. I also lost my job, in November. Decided to become self employed and haven't looked back!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:27:18 GMT

Good news about Barclay!

Re: Barclays has taken action after using BT

dumaine — Thu, 07 Apr 2016 15:43:03 GMT

My experience with Barclays has been somewhat similar. Started in 12/13 with 2k and no luv at the 6 month mark. Ran a couple transfers thru and got auto cli to 6500 at the 1 yr mark. Then I run another transfer thru them. Checked online just after the first of this year and was sitting at 10400.

Re: Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 15:49:46 GMT

This forum makes no sense. Why is a post about a balance transfer on a credit card well known for adverse action on balance transfers moved to credit card approvals? I've had the card for a couple of years!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:51:28 GMT

Need to change the title a bit or you will give half the community a heart attack when they first see it. Congratulations on your success!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 15:52:03 GMT

CLIs are considered credit card approvals here. At least that's the pattern I've noticed.

Re: Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 15:52:47 GMT

@Anonymous wrote:
Need to change the title a bit or you will give half the community a heart attack when they first see it. Congratulations on your success!

Well it won't make sense in 'Credit Card Approvals' whatever I put now...!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 16:44:17 GMT

@CreditJim wrote:
@Anonymous wrote:
Need to change the title a bit or you will give half the community a heart attack when they first see it. Congratulations on your success!
Well it won't make sense in 'Credit Card Approvals' whatever I put now...!

It's appropriate in approvals because you received a CLI. Guess the mods moved it. Congratulations!

Re: Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 15:57:40 GMT

@Anonymous wrote:
CLIs are considered credit card approvals here. At least that's the pattern I've noticed.

But the whole point to the post was to illustrate Barclays action to carrying a balance / using a balance transfer. The Credit Card forum is full of posts about people who've had a CLD after carrying a balance on the Barclay card or who've been balance-chased, why are they not moved to 'approvals'. I don't actually care about the $3k CLI - more about correcting the balance on the Credit Cards forum that all Barclays do is CLD when you carry a balance as if you search, that's all you'll see.

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 16:00:16 GMT

Mods don't want to let the facts get in the way of a good narrative! Barclays hates BTs!

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 16:21:54 GMT

i guess idk what the big deal is about it being moved? CLI = approvals. pretty standard practice..

Re: Barclays has taken action after using BT

Anonymous — Thu, 07 Apr 2016 16:45:38 GMT

@CreditJim wrote:

But the whole point to the post was to illustrate Barclays action to carrying a balance / using a balance transfer. The Credit Card forum is full of posts about people who've had a CLD after carrying a balance on the Barclay card or who've been balance-chased, why are they not moved to 'approvals'. I don't actually care about the $3k CLI - more about correcting the balance on the Credit Cards forum that all Barclays do is CLD when you carry a balance as if you search, that's all you'll see.

+1. I haven't seen people having difficulty with Barclay BT when it's a lower proportion of their credit limit and is paid off fairly quickly. The situations of AA seem to be more related to BT'ing a large portion of credit limit and/ or leaving it on the card for a longer period.

I am thinking there isn't anyone who can chime in and say they received AA by using a lower proportion of credit limit and paying it off fairly quickly.

Re: Barclays has taken action after using BT

CreditJim — Thu, 07 Apr 2016 16:24:59 GMT

@Anonymous wrote:
i guess idk what the big deal is about it being moved? CLI = approvals. pretty standard practice..

If it was about the CLI I would have just posted it straight in here "OMG I JUST LOGGED IN AND SAW $3K AUTO LUVVV LOL". Oh well. Hopefully anyone worried about doing a balance transfer to their Barclays account finds this post when they search and isn't put off doing it for fear of an 'inevitable' CLD.

Re: Barclays has taken action after using BT

someg33k — Thu, 07 Apr 2016 16:41:17 GMT

@Anonymous wrote:
Need to change the title a bit or you will give half the community a heart attack when they first see it. Congratulations on your success!

Congrats OP and good positive story on Barclay.

humuhumunukunukuapuaa

LOL true!

But the other half of us read that and think nothing new here

Re: Barclays has taken action after using BT

CreditMagic7 — Thu, 07 Apr 2016 18:05:28 GMT

Barclays seems to push a fine line (sometimes) but not always but it's been my own experience to just stop stressing about it over them.

I will say that i feel a lot more relieved now that i have the Ring Card albeit still only a $5K original limit from a Rewards MC PC which restricts much in the way of any serious usage but i do on occasion make ample use of their BT's and actually am on one right now.

I think once that they're comfortable with you then it's clear sailing and they don't seem to mind dishing out a better overall limit for you.

Congratulations! on the nice SP $3K extra boost! and the story of your experience is appreciated too.