topic Re: Barclays adverse action in Credit Cards

Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 22:48:58 GMT

Well it looks like the axe of Barclay's fabled adverse action madness has finally fallen upon me

I just found out that my accounts have been closed.

And of course I'm supposed to wait to find out the reason why. Most likely reasons: (a) accepting their promotional 0% balance transfer offers; (b) adding some recent hard pulls as I opened relationships with several credit unions and/or (c) adding a new TD Bank business credit card account which reports to personal credit.

Fortunately I am past the point of caring, and do not need Barclays.

My only regret is saying goodbye to the old version of the Ring card, which was my first good credit card. But the credit union cards I have since picked up are even better.

Re: Barclays adverse action

Anonymous — Fri, 05 Jan 2018 22:56:49 GMT

Sorry to hear. I always get declined for Barclays due to inquiries so it’s probably good I’ve never gotten one because I’m sure I’d lose it real fast. Can you call and see if they can reinstate them?

Re: Barclays adverse action

Anonymous — Fri, 05 Jan 2018 22:58:06 GMT

How many cards of theirs did you have and what kind of usage were they getting?

Re: Barclays adverse action

Anonymous — Fri, 05 Jan 2018 22:58:35 GMT

Barclays is worth less than a bucket full of poo. They were the first CC I got and the first I closed.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 22:59:51 GMT

@Anonymous wrote:
Sorry to hear. I always get declined for Barclays due to inquiries so it’s probably good I’ve never gotten one because I’m sure I’d lose it real fast. Can you call and see if they can reinstate them?

I wouldn't grovel, they can jump in the lake

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:03:29 GMT

@Anonymous wrote:
How many cards of theirs did you have and what kind of usage were they getting?

I had 4 cards, LL Bean, JetBlue, Cashforward, and Ring.

I used the Ring for balance transfers mostly.

I used the LL Bean, Cashforward, and JetBlue for purchases, regularly, but modestly.

Recently (a) I consolidated the Cashforward and the LL Bean card into just the LL Bean card, and

(b) accepted the 0% balance transfer offers made to me on the JetBlue and LL Bean cards.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:03:57 GMT

@Anonymous wrote:
Barclays is worth less than a bucket full of poo. They were the first CC I got and the first I closed.

Agreed.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:05:07 GMT

BTW, when I called up today because of some peculiarities on the website, and learned that my accounts had been closed.... I was speaking with an Indian call center.

Re: Barclays adverse action

Anonymous — Fri, 05 Jan 2018 23:16:19 GMT

Not a huge fan of customer service that’s outsourced. I have lots of cards from all kinds of issuers and the only two issuers I have that are US based are a Discover and Comenity. Not a fan of Comenity either but all their reps are us based. Discover has always impressed me with their customer service. Also NFCU is of course us based I almost forgot about them.

Re: Barclays adverse action

Anonymous — Fri, 05 Jan 2018 23:16:49 GMT

Sorry this happened to you. Would you mind sharing how many new accounts & HPs you recently collected? They won’t let me in with my HP collection, but they did just recently give DH an Uber Card. He then appd for two credit union cards also pulling TU afterwards.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:23:52 GMT

@Anonymous wrote:
Sorry this happened to you. Would you mind sharing how many new accounts & HPs you recently collected? They won’t let me in with my HP collection, but they did just recently give DH an Uber Card. He then appd for two credit union cards also pulling TU afterwards.

The only new account reporting during the past 4 months is the TD Bank Business Credit Card, which reports to personal credit.

I don't know about HP's, but I would guess 5 or 6 during December.

Re: Barclays adverse action

Credit-hoarder — Fri, 05 Jan 2018 23:25:31 GMT

@SouthJamaica wrote:
@Anonymous wrote:
How many cards of theirs did you have and what kind of usage were they getting?
I had 4 cards, LL Bean, JetBlue, Cashforward, and Ring.
I used the Ring for balance transfers mostly.
I used the LL Bean, Cashforward, and JetBlue for purchases, regularly, but modestly.
Recently (a) I consolidated the Cashforward and the LL Bean card into just the LL Bean card, and
(b) accepted the 0% balance transfer offers made to me on the JetBlue and LL Bean cards.

What was your total exposure/CL with them? I was almost ready to take a HP with them the other day to CLI my 3 y/o Rewards M/C up from $6750--but held off because they are just way too unpredictable with their AA strikes.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:42:53 GMT

@Credit-hoarder wrote:
@SouthJamaica wrote:
@Anonymous wrote:
How many cards of theirs did you have and what kind of usage were they getting?
I had 4 cards, LL Bean, JetBlue, Cashforward, and Ring.
I used the Ring for balance transfers mostly.
I used the LL Bean, Cashforward, and JetBlue for purchases, regularly, but modestly.
Recently (a) I consolidated the Cashforward and the LL Bean card into just the LL Bean card, and
(b) accepted the 0% balance transfer offers made to me on the JetBlue and LL Bean cards.
What was your total exposure/CL with them? I was almost ready to take a HP with them the other day to CLI my 3 y/o Rewards M/C up from $6750--but held off because they are just way too unpredictable with their AA strikes.

It varied month to month and throughout the month but on average 50% with Ring and 5% with the others.

Re: Barclays adverse action

SouthJamaica — Fri, 05 Jan 2018 23:45:36 GMT

@Credit-hoarder wrote:
@SouthJamaica wrote:
@Anonymous wrote:
How many cards of theirs did you have and what kind of usage were they getting?
I had 4 cards, LL Bean, JetBlue, Cashforward, and Ring.
I used the Ring for balance transfers mostly.
I used the LL Bean, Cashforward, and JetBlue for purchases, regularly, but modestly.
Recently (a) I consolidated the Cashforward and the LL Bean card into just the LL Bean card, and
(b) accepted the 0% balance transfer offers made to me on the JetBlue and LL Bean cards.
What was your total exposure/CL with them? I was almost ready to take a HP with them the other day to CLI my 3 y/o Rewards M/C up from $6750--but held off because they are just way too unpredictable with their AA strikes.

I would not be surprised if my calling to consolidate the Cashforward card into the Bean card was what precipitated this. Knowing how weird they are, I've generally followed a policy of staying off their radar.

So yes it's probably not a bad idea to stay far away from them

Re: Barclays adverse action

AverageJoesCredit — Sat, 06 Jan 2018 00:27:20 GMT

Sorry to hear SJ, looks like the wind shifted On to more stable lenders i say

Re: Barclays adverse action

galahad15 — Sat, 06 Jan 2018 00:31:11 GMT

Sorry to hear about unfair and unjust AA you encountered from Barclays there SJ As you had mentioned and on the bright side though, you already have better cards than them, so you should be all set and don't even have to worry about dealing with Barclays anymore. I know that you will miss the Ring card in particular...my genuine sympathies for you there...

Re: Barclays adverse action

Credit-hoarder — Sat, 06 Jan 2018 00:48:28 GMT

@SouthJamaica wrote:
@Credit-hoarder wrote:
@SouthJamaica wrote:
@Anonymous wrote:
How many cards of theirs did you have and what kind of usage were they getting?
I had 4 cards, LL Bean, JetBlue, Cashforward, and Ring.
I used the Ring for balance transfers mostly.
I used the LL Bean, Cashforward, and JetBlue for purchases, regularly, but modestly.
Recently (a) I consolidated the Cashforward and the LL Bean card into just the LL Bean card, and
(b) accepted the 0% balance transfer offers made to me on the JetBlue and LL Bean cards.
What was your total exposure/CL with them? I was almost ready to take a HP with them the other day to CLI my 3 y/o Rewards M/C up from $6750--but held off because they are just way too unpredictable with their AA strikes.
I would not be surprised if my calling to consolidate the Cashforward card into the Bean card was what precipitated this. Knowing how weird they are, I've generally followed a policy of staying off their radar.

So yes it's probably not a bad idea to stay far away from them

Sorry-I meant what was your total dollarwise exposure? Yes-their weird ways are also the reason I've limited myself to only one card with them (which was a pre-selected offer I accepted a few years ago) and never tried to push for a really high CL. That way if they ever decided to bail on me I have at least 35 others from various lenders and there's no loss of sweat.

Re: Barclays adverse action

Anonymous — Sat, 06 Jan 2018 03:15:47 GMT

I say good riddance! Even if you were to get your accounts re-instated, are you willing to take the chance that they won't get spooked again? Barclays may be good for some people, but not for all. Time to give your business to lenders that work with your style.

Re: Barclays adverse action

expatCanuck — Sat, 06 Jan 2018 04:07:46 GMT

Hmmmm. My Ring arrived today -- one of 4 cards to arrive in the past week.

Used it for an inaugural dinner & drinks. Wonder how many BT's I can make before it's AA'd?

It's one sixth of my total available credit but, fortunately, that total is now more than twice what it was a month ago (and any one of my six other cards likely offers all the credit that I truly require).

Wonder if they'll get spooked when my HELoan with TD reports? (I kid you not. )

Re: Barclays adverse action

Anonymous — Sat, 06 Jan 2018 03:55:37 GMT

@Anonymous wrote:
Barclays is worth less than a bucket full of poo. They were the first CC I got and the first I closed.

I got 550 dollars cash and a 60k American Airline miles from them. Try getting that from a bucket of poo.