topic Re: has anyone else had issues with Barclays? in Credit Cards

has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 17:21:06 GMT

Has anyone else had any Issues with Barclays reducing CL or shutting down account for new accounts after a Barclays approval? I have heard two different accounts and wants some feedback. I was approved for a Barclays cash forward card last month.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 17:15:33 GMT

Just type "Barclays CLD" and "Barclays closed" into the search bar here and you'll see tons of stories.

Barclays will do AA for many different reasons: too many new accounts, too high utilization, overexposure to credit limits, and sometimes just because your name came out of a hat they randomly pull.

Also this post doesn't belong in the "approvals" sub but in the main CC sub -- hopefully mods will move it.

Re: has anyone else had issues with Barclays?

Dalmus — Sun, 21 May 2017 17:32:54 GMT

Also, rumor has it doing a balance transfer then paying it off too quickly gets under their skin, too.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 19:52:55 GMT

@Anonymous wrote:
Has anyone else had any Issues with Barclays reducing CL or shutting down account for new accounts after a Barclays approval? I have heard two different accounts and wants some feedback. I was approved for a Barclays cash forward card last month.

Read the threads, you will be "enlightened". Hopefully you won't sleep with one eye opened for to long.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 19:29:52 GMT

In the minority, I imagine..But I have had only good news with them!
1st card...now at 7900$..
now have ring with a 5000 sl..
not one issue...2 years now.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 21:17:48 GMT

@Anonymous wrote:
In the minority, I imagine..But I have had only good news with them!
1st card...now at 7900$..
now have ring with a 5000 sl..
not one issue...2 years .

OP, I had the Ring and Cashforward. I closed them because I was sick and tired of checking my accounts 3 times a day.

Whenever I saw that the wind was blowing weird, I would check my accounts. It's a known fact that Barclays sometimes decrease CL's and closes accounts if they don't like which way the wind is blowing.

Re: has anyone else had issues with Barclays?

DaveInAZ — Sun, 21 May 2017 20:17:37 GMT

@Anonymous wrote:
@Anonymous wrote:
In the minority, I imagine..But I have had only good news with them!
1st card...now at 7900$..
now have ring with a 5000 sl..
not one issue...2 years now.
You have heard ONLY good news. Really?

OP, I had the Ring and Cashforward. I closed them because I was sick and tired of checking my accounts 3 times a day.

Whenever I saw that the wind was blowing weird, I would check my accounts. It's a known fact that Barclays sometimes decrease CL's and closes accounts if they don't like which way the wind is blowing.

I believe Julie wrote that she had only HAD good news with them,

I'm another in Julie's 'minority' - I've been with Barclays since 2012 and have only had positive experiences with them - generous auto CLIs with good usage, approvals for other Barclays cards, etc. But being a regular on MyFico I've certainly read bad things about Barclays - but never for wind direction, instead for things like too many new accounts, large decrease in credit score or large increase in utilization, things which are easy and prudent to avoid. And they've never had a problem with me paying off 0% BTs too quickly, I milk those suckers for every last day.

Congrats on you Cashforward approval, Happyman. Just don't go crazy on an app spree and you'll be fine. I got my Cashforward last August, instead of any problems I got a $2k auto CLI earlier this year.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 20:52:32 GMT

I also have never had problems. In fact, I like them. SP CLIs and APR reductions along with many very good BT offers that I have taken advantage of without issue. We aren't in the minirity. The vast majority of Barclays account holders never have any issues despite what some people believe.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 21:12:08 GMT

I am another happy Barclays cardholder.

I got my Barclays NFL Extra Points Visa July '16 as my fifth approval after starting to rebuild in May '16. I was then approved for the Barclays jetBlue Plus as my sixth card in Nov '16. Since then I got the Cap1 QS in Dec '16 the Chase Amazon Visa Sig in Feb '17, and the NFCU CashRewards Visa in Apr '17. (Yes, I am seriously in the garden now!) But haven't had any issues despite my three new cards post-Barclays. Let's hope it stays that way!

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 21:29:23 GMT

@Anonymous wrote:
Has anyone else had any Issues with Barclays reducing CL or shutting down account for new accounts after a Barclays approval? I have heard two different accounts and wants some feedback. I was approved for a Barclays cash forward card last month.

I am glad people like Barclays. Good luck to the ones who have no issues and those who like Barclays. I liked their cards as well. It was my choice to close them.

The OP asked a question if there are issues with Barclays reducing credit lines and shutting down accounts for opening new accounts after Barclays. The answer is yes, whether minority or majority, it does happen OP. For this reason and other reasons others have pointed out.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 21:18:56 GMT

@DaveInAZ wrote:
@Anonymous wrote:
@Anonymous wrote:
In the minority, I imagine..But I have had only good news with them!
1st card...now at 7900$..
now have ring with a 5000 sl..
not one issue...2 years now.
You have heard ONLY good news. Really?

OP, I had the Ring and Cashforward. I closed them because I was sick and tired of checking my accounts 3 times a day.

Whenever I saw that the wind was blowing weird, I would check my accounts. It's a known fact that Barclays sometimes decrease CL's and closes accounts if they don't like which way the wind is blowing.
I believe Julie wrote that she had only HAD good news with them,

I'm another in Julie's 'minority' - I've been with Barclays since 2012 and have only had positive experiences with them - generous auto CLIs with good usage, approvals for other Barclays cards, etc. But being a regular on MyFico I've certainly read bad things about Barclays - but never for wind direction, instead for things like too many new accounts, large decrease in credit score or large increase in utilization, things which are easy and prudent to avoid. And they've never had a problem with me paying off 0% BTs too quickly, I milk those suckers for every last day.

Congrats on you Cashforward approval, Happyman. Just don't go crazy on an app spree and you'll be fine. I got my Cashforward last August, instead of any problems I got a $2k auto CLI earlier this year.

You are correct, Julie did write what you said. I corrected my post. Thanks.

Re: has anyone else had issues with Barclays?

wasCB14 — Sun, 21 May 2017 21:30:39 GMT

Yeah, they do some CLDs and closures...

But keep in mind the source of the reports. People with 750 FICOs and 2 new accounts shouldn't be that concerned about reports that are mostly from people with sub-700 FICOs and 20 new accounts.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 21:31:23 GMT

Yes. I'm also joining may peeps who have recently experienced AA from Barclays.

My CLD ocurred this week in which I half expected it due to low usage and always PIF.

Re: has anyone else had issues with Barclays?

Dalmus — Sun, 21 May 2017 21:33:58 GMT

For the record, I have never had a problem, either. Although, over the past 6 months I've added nearly 45k in available credit AND did a balance transfer to them. I was fully expecting to see AA from them, they instead, they actually gave me an auto CLI this month of $1800.

Re: has anyone else had issues with Barclays?

Anonymous — Sun, 21 May 2017 23:08:25 GMT

No issues with closures or CLD here. I too am aware of some of the stories so I am keeping an eye on my account following my app spree in late March. So far, so good. But if they do take AA on my account I have no problems closing it completely and moving on. Don't see them in my long term plans.

Re: has anyone else had issues with Barclays?

Anonymous — Mon, 22 May 2017 01:11:40 GMT

My cashforward started at 4500 and at account opening I moved some over from 'll bean to 10000 cl. It's sits at 17500 cl now with 2 generous increases.
I've opened at least 6 accounts afterward with no issues. My utilization hasn't gotten over 20% on all cards but a couple cards at least got to 50% utilization and have never had a problem with them.
My cashforward is one of my favorite cards.

Re: has anyone else had issues with Barclays?

pipeguy — Mon, 22 May 2017 01:22:22 GMT

Add me to the list of folks that has had no issues with Barclay's, just this week got CRI's on my RING to $15k and CashForward to $11k. I have a lot of accounts over all, have no problem about inquiries (I have a lot but it doesn't seem to keep me from getting new accounts or CLI's) and I tend to open accounts at least two ot 3 times per year to take advantage of cash-spend promos and 0% intro promos. I don't "churn" but I do make money off of cash-spend offers on a regular basis. Barcaly's ... no issues, but my eggs are never in a single basket so no worries as other than ego, I don't care if any lender closes an account (only happened once with a Comenity card - total rewards - with a perfect 21 month payment record)

Re: has anyone else had issues with Barclays?

Anonymous — Mon, 22 May 2017 01:54:53 GMT

Hey Op, I'll throw in with the "Never Had A Problem with Barclay Crowd" ...some data points & notes below.

I've done bt's paid them off within 30 days, I've done bt's and have carried them for a while, actually carrying one right now.

3/29/2016 - Arrival+ $5,000 SL after instant denial online and calling recon

4/10/16 - SP CLI to $10,000 SL before i had even received the card

5/3/16-5/10/16 - HUGE APP SPREE ...I think it was like 10 new accounts?

Sept 2016 - SP CLI to $13,000

Oct 2016 - HP CLI to $20,000

Between May 2016 and Dec 2016 I opened 20 or so accounts and close a few too.

Just recently (5/19/17) app'd for the AAdvantage Red Card and was instantly approved for $8,000 SL. Spent well over an hour today on the phone with a credit analyst, initially trying to recon SL to $10k and then picking her brain and going through my report line by line (no joke, I called at 2:30 and was on the phone until just after 4pm)

1.) Balance(s) are not a big issue if your history of paying down/off your Barclay Account and other Credit Lines is great. If you're usually a PIF every month (Transactor) and suddenly you've got 4 or 5 accounts with high utilzation this will probably get their attention. If those accounts are "Maxxed Out" say over 70% utilized then that could trigger a CLD becaue they are more conservative and might limit their exposure by reducing your credit line with them.

2.) They don't want to be the FIRST to risk lending you large credit line(s) . I'm at the max with them that their system will allow @ $28,000 TCL because my highest "Single Line" is CapOne at $26,250. Internally they look at your cards as a single credit line, externally they look only at the individual trade lines. It's wonky, was told straight up that if I had a single revolving line with a $30,000 limit, my AAdvantage Red Card would have been a $10,000 SL that was the only reason that she could not increase it, this is after another SP on TU and seeing the new Costco Visa I had opened on 5/16/17 btw so another new account was a non-factor.

Re: has anyone else had issues with Barclays?

morgacj2004 — Mon, 22 May 2017 06:02:36 GMT

I have had only good experiences with them currently have 3 cards. No CLD they are great for BT offers and PC !

Re: has anyone else had issues with Barclays?

907grown — Tue, 23 May 2017 03:09:44 GMT

Barclays has been great to me!! They gave me credit during my 2013 rebuild. 500cl!! Over the last 4 years, that has auto CLI to 8500, plus i have the cash forward at 7500. CL. I love the generous BT offers as well. I have too many cards and am going to do some CL transfers and close a number of them, but Barclays is not anywhere near the closure list. I don't owe anything on either of them.