topic Paying down Barclays in Credit Cards

Paying down Barclays

pghguy — Tue, 04 Jul 2017 17:43:51 GMT

I have been working on rebuilding my credit for sometime. I am finally at a 686, but not where I want to be. I am working an extra job in order to pay off my credit cards. I have paid off all smaller store cards and have 0 balances on them. I am now working on my other cards. I want to pay down Barclays first because i have the highest APR with them. I made three payments this month ranging from $60-$400.00 I would like to pay an additional $1000.0 on them before the month closes. I have also recently opened an AMEX card. Will making a larger payment then normal to Barclays along with several smaller ones cause an AA on my account. I have a nice CL with them at $4700. I generally only apply for one new card every six months. I have never been late. If I am going to to scare them off by paying them down, I would just as soon pay Capital One. Any suggestions would be greatly appreciated.

Re: Paying down Barclays

AverageJoesCredit — Tue, 04 Jul 2017 18:01:21 GMT

Pay them down as you see fit, if they AA you for being tesponsible, well AA them right back and move on We shouldnt have to fear a credit card company because we are making payments, lifes too short

Re: Paying down Barclays

fltireguy — Tue, 04 Jul 2017 19:09:08 GMT

You should have no issue. BUT, if they AA you for doing that, its time to find another lender that a little more mentally stable

Re: Paying down Barclays

negg — Tue, 04 Jul 2017 19:28:51 GMT

Been a faithful member of Barclays since 2012 and never an issue with them. As long you are making decent size payments($100+ month) you won't get any AA. What Barclays doesn't like is 4000 balances and $50 payments every month.

Re: Paying down Barclays

Dhani76 — Tue, 04 Jul 2017 21:17:18 GMT

What is AA?

Re: Paying down Barclays

HeavenOhio — Wed, 05 Jul 2017 04:20:09 GMT

Adverse action, e.g. credit limit decreases or card closures.

Re: Paying down Barclays

Anonymous — Wed, 05 Jul 2017 13:56:45 GMT

@pghguy wrote:
I have been working on rebuilding my credit for sometime. I am finally at a 686, but not where I want to be. I am working an extra job in order to pay off my credit cards. I have paid off all smaller store cards and have 0 balances on them. I am now working on my other cards. I want to pay down Barclays first because i have the highest APR with them. I made three payments this month ranging from $60-$400.00 I would like to pay an additional $1000.0 on them before the month closes. I have also recently opened an AMEX card. Will making a larger payment then normal to Barclays along with several smaller ones cause an AA on my account. I have a nice CL with them at $4700. I generally only apply for one new card every six months. I have never been late. If I am going to to scare them off by paying them down, I would just as soon pay Capital One. Any suggestions would be greatly appreciated.

Fist I had to look up what AA meant lol (Hi! I'm new around here)

I have a barclays card and pay it in full every month. Oddly enough they kept giving me a credit line increase (though I did rack it up some months).

I don't think they will close the account or anything like that. Now mind you have been using this card for a year or so now but I am gradually switching to another card and won't be using them that much. I will probably put one or two things on auto payment with them just to show that I am using it.

Re: Paying down Barclays

Anonymous — Wed, 05 Jul 2017 13:57:30 GMT

@negg wrote:
Been a faithful member of Barclays since 2012 and never an issue with them. As long you are making decent size payments($100+ month) you won't get any AA. What Barclays doesn't like is 4000 balances and $50 payments every month.

Really? Why is that? I tend to pay in full with them every month.