topic Re: Add me to the list -- Barclay CLD in Credit Cards

Add me to the list -- Barclay CLD

Anonymous — Fri, 14 Apr 2017 17:17:31 GMT

After reading all the stories here, and knowing my situation, I have been expecting it but it still sucks.

I opened the Apple Rewards Visa in December This was my 4th attempt to get approved by Barclay and, beyond Capital One, my first "real" lender approval after my re-build. It was a $2k limit and I bought a new iPad and a few other things on the 18 month financing. Since reading here that they don't like you to carry no balance, they don't like you to have high UTIL on their card, and they want you to use the financing offer but apparently not for too terribly long, I cut the balance in half as soon as the first statement cut. I planned to make minimum payments on the remaining $750 for 6-8 months then pay it off and never use the card again.

However, in December I also went on a very unplanned and shockingly successful app spree. I admitedly opend way too many cards but I kept getting these huge approvals that I could not believe so I opened numerous new cards and added probably $70k in available credit over the course of a few days. Too much but the approvals kept coming in when I fully expected denials and then it just became addicting since it had been so long (10+ yrs) since Id seen decent credit approvals.

I know Barclay does NOT like a lot of new accts or inquiries. They told me that once on a recon attempt and I've heard it here over and over.

I saw in January that Barclay had done a SP on me. All my new accts were reporting then so I figured the CLD was coming at any second. It didn't so I got lulled into a false sense of security.

I have checked it almost weekly to see if they CLD'd me and, up until this week, they have not.

Now, however, I am the (not so proud) owner of an Apple Visa Rewards card with a massive $950 limit and a $650 balance.

I will be paying it off asap but I'll wait to close the card until it's at least 1 year old. The worst part to me is that my Exp score went down when the new limit reported today. It did not impact my over utilization at all but for that card, it went up to 68%.

Whatever. I'll be just fine wthout Barclay, thank you very much.

Re: Add me to the list -- Barclay CLD

Anonymous — Fri, 14 Apr 2017 17:41:11 GMT

Add me too. Mine got cut a few months ago and I debated for a bit on giving them a chance but after all the nonsense reading on the forums I just decided they aren't worth it. Just called and canceled mine today.

Re: Add me to the list -- Barclay CLD

joltdude — Fri, 14 Apr 2017 17:35:06 GMT

Sir Barclay is a neurotic person who really needs to take a chill pill.....

I really think they do not want to compete and may eventually depart the US Credit Card Market

-J

Re: Add me to the list -- Barclay CLD

Anonymous — Fri, 14 Apr 2017 17:42:23 GMT

This happened to me several years ago when I app'd frequently. I went ahead and kept it open for two years.

After the CLD,
I ran a 69 cents iTunes song purchase once a month through it, PIF and switched to paper statements so they'd have to eat the postage.

Closed it at 25 mo

Re: Add me to the list -- Barclay CLD

Anonymous — Fri, 14 Apr 2017 17:56:06 GMT

Ugh, so sorry this happened to you, cam. That sucks. I know I've been reading these types of posts and have been hoping it won't happen to me.

I have two Barclaycards total and have opened three new accounts since getting the jetBlue Plus in Nov '16. I love my jetBlue card and really want to keep it forever. Having said that, this is going to sound bad, but if they ever CLD me I am going to transfer all the savings I have in my Barclays Dream account to NFCU and close everything with them. Two can play at that game and, if necessary, I will.

Re: Add me to the list -- Barclay CLD

CreditMagic7 — Fri, 14 Apr 2017 18:08:24 GMT

It's always the same old sour story coming from that bunch in striking their cardholders lines down and acting all kinds of skittish.

If you at all been closely reading the recent barclays approvals subforum also, those are mediocre if not just plain low limits that they been doing for those folks too.

One just can't help with all this rinse and repeat from them but think it's not the cardholder anymore as much but it's the Barclays credit file that's is in a real pickle.

Re: Add me to the list -- Barclay CLD

SouthJamaica — Fri, 14 Apr 2017 20:08:26 GMT

@CreditMagic7 wrote:
It's always the same old sour story coming from that bunch in striking their cardholders lines down and acting all kinds of skittish.

If you at all been closely reading the recent barclays approvals subforum also, those are mediocre if not just plain low limits that they been doing for those folks too.

One just can't help with all this rinse and repeat from them but think it's not the cardholder anymore as much but it's the Barclays credit file that's is in a real pickle.

Basically it was a Catch 22 for me once I'd gotten the card of my dreams, the Barclay Ring. Should I stop applying for other good sources of credit so as not to anger the Barclays gods? Or should I keep applying for other good sources of credit, so that I wouldn't feel dependent on Barclays and wouldn't sweat it if they took adverse action against me?

I opted for the latter course, and thankfully am now in a position that if Barclay pulled a CLD on me it wouldn't cause me any problem that I couldn't solve within a billing cycle.

Re: Add me to the list -- Barclay CLD

grillandwinemaster — Sat, 15 Apr 2017 17:09:29 GMT

South Jamaica wrote:

thankfully am now in a position that if Barclay pulled a CLD on me it wouldn't cause me any problem that I couldn't solve within a billing cycle.

Now THAT'S planning ahead!

Re: Add me to the list -- Barclay CLD

AverageJoesCredit — Sat, 15 Apr 2017 17:06:28 GMT

Basically anyone that has the desire for a Barclays card should make that 1 app a dream app and dont plan to app anything else for at least a year. Tuff to do and utterly ridiculous to try and force that on those who are trying to better their credit but still want a BC, CHASE they are not.

Re: Add me to the list -- Barclay CLD

Anonymous — Sat, 15 Apr 2017 18:45:13 GMT

@Anonymous wrote:
Ugh, so sorry this happened to you, cam. That sucks. I know I've been reading these types of posts and have been hoping it won't happen to me.

I have two Barclaycards total and have opened three new accounts since getting the jetBlue Plus in Nov '16. I love my jetBlue card and really want to keep it forever. Having said that, this is going to sound bad, but if they ever CLD me I am going to transfer all the savings I have in my Barclays Dream account to NFCU and close everything with them. Two can play at that game and, if necessary, I will.

I feel the exact same way. Sucks to see what happened to the OP and so many others. JetBlue is really the only reason I'm with Barclays, and I actually use the card as my daily driver. It has by far my biggest limit, plus no FTF and also has chip + PIN. The way you earn points on the JetBlue card also beats out every other airline card. I've also opened 3 new accounts since getting the card in August. They even gave me a CLI the other month. For these reasons, I'm counting on having this card long term. See what happens. I'm certainly not changing a thing with the way I use my cards or even limit how many I apply for.

Bottom line, I don't think anyone should change anything just for Barclays. It's obvious they are sensitive. If it happens, it happens.

Re: Add me to the list -- Barclay CLD

Anonymous — Sat, 15 Apr 2017 19:40:06 GMT

Conservative lads they are indeed.

The British, they do a lot of talking but never close.

Re: Add me to the list -- Barclay CLD

Anonymous — Sat, 15 Apr 2017 21:33:03 GMT

When I closed my account the girl on the phone chuckled after asking me why. Like she understood. They are friendly people in my experience, but their algorithms are too strict.

Re: Add me to the list -- Barclay CLD

grillandwinemaster — Sat, 15 Apr 2017 21:58:13 GMT

@Anonymous wrote:
When I closed my account the girl on the phone chuckled after asking me why. Like she understood. They are friendly people in my experience, but their algorithms are too strict.

Do they speak with a cool British accent?? :-)

Re: Add me to the list -- Barclay CLD

Anonymous — Sat, 15 Apr 2017 22:32:39 GMT

Nah no accent

Re: Add me to the list -- Barclay CLD

Legal_Girl — Sun, 16 Apr 2017 01:22:56 GMT

They did it to me a couple of times. So, that is the one and only card I never pay off monthly. I don't really have much on it so the interest isn't a whole lot. Why do I do it that way? Just because it's Barclay. They could offer me an amazing card with a $50k CL and I would say no thanks.

Re: Add me to the list -- Barclay CLD

grillandwinemaster — Sun, 16 Apr 2017 01:28:11 GMT

Barclays or not, I would happily take 50k from them. Especially if it comes with 0% whatever promos!😃

Re: Add me to the list -- Barclay CLD

AverageJoesCredit — Sun, 16 Apr 2017 03:25:15 GMT

Nah think about that grill, that'd be 50k that youd enjoy for a week before they cld you to like 50 O K

Re: Add me to the list -- Barclay CLD

grillandwinemaster — Sun, 16 Apr 2017 15:05:02 GMT

@AverageJoesCredit wrote:
Nah think about that grill, that'd be 50k that youd enjoy for a week before they cld you to like 50 O K

LOL! True...

Re: Add me to the list -- Barclay CLD

RockinRay — Sun, 16 Apr 2017 15:10:46 GMT

@AverageJoesCredit wrote:
Basically anyone that has the desire for a Barclays card should make that 1 app a dream app and dont plan to app anything else for at least a year. Tuff to do and utterly ridiculous to try and force that on those who are trying to better their credit but still want a BC, CHASE they are not.

This is excellent advice! And I agree - Barclay is paranoid!

At the end of the day, it is they that grant the credit so they can take it away. If it were me, I would call the backdoor and speak with them.