topic Re: I'm the Latest Barclays Balance Chasing Victim.... in Credit Cards

I'm the Latest Barclays Balance Chasing Victim....

marypoppins70 — Wed, 20 Jun 2018 19:52:00 GMT

Just checked my Barclays Upromise account to make my payment since I knew the statement was dropping soon and wouldn't you know it! Those blankety-blanks lowered my CL from $7,800 to $4,200, giving me a current Util % of 90%!!! I'm so mad I could spit nails!

I guess I finally poked the bear once too often yesterday when I requested a CLI on that CC. Got the 7-10 day message and thought nothing about it, but I should have realized this day would arrive. I'm going to pay off this stupid card to a $0 balance in two weeks but will leave it open for now. My only concern is do you think they'll balance chase my other two cards? I've had these three cards with Barclays for 13+ years and they HAD been good to me in the past but now I am so pissed!

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Wed, 20 Jun 2018 20:07:51 GMT

I’m sorry this happened to you. Can’t count how many threads with Barclays AA I have read.

Maybe it was your utilization that spook them and not the request for cli?

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Wed, 20 Jun 2018 20:10:58 GMT

I wonder why Barclays would do that?

Ooooh fun! Let's see...since Dec 17, 2017-now....

Ulta MC - $14,000

Neiman Marcus - $2,000

Bloomingdale's AMEX - $2,500

AMEX Platinum

AMEX BCE - $25,000

Orbitz Visa - $10,000

AMEX Starwood - $15,000

Discover It Miles - $6,000

Dillard's AMEX - $1,800

Marvel MC - $1,500

Chase FU - $6,200

$84,000! Whoa!"

Seems to me that requesting a CLI would only invite a manual review of your activity.

Re: I'm the Latest Barclays Balance Chasing Victim....

marypoppins70 — Wed, 20 Jun 2018 20:18:26 GMT

MaizeandBlue - I didn't ask WHY you guys thought they did it, I guess I'm just venting that they finally did it....

Plus, my total Utilization is only around 13%, just my card is now at 90%, which I will be paying off next week.

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Wed, 20 Jun 2018 20:23:06 GMT

Well most of these adverse action threads don't tell the full story. And you certainly did not say that you'd opened several new accounts in the last 6 months while obviously knowing that those new accounts would make Barclays nervous.

@marypoppins70 wrote:
MaizeandBlue - I didn't ask WHY you guys thought they did it, I guess I'm just venting that they finally did it....

Plus, my total Utilization is only around 13%, just my card is now at 90%, which I will be paying off next week.

Re: I'm the Latest Barclays Balance Chasing Victim....

gdale6 — Wed, 20 Jun 2018 21:03:40 GMT

The non FSR posting stops now. This is not going to be allowed to continue. If you cannot give an opinion without open judgment then give none at all. This is a last warning to all who do this. All posts will be in a non flaming and FSR manner there is no exception here at myFico.

http://ficoforums.myfico.com/t5/Credit-Cards/Forum-Etiquette/td-p/2905196

Re: I'm the Latest Barclays Balance Chasing Victim....

marypoppins70 — Wed, 20 Jun 2018 21:18:17 GMT

Yep I know I've had a lot of new accounts opened in the last 15-16 months but my scores are good right now (Although TU is much lower than the other two - Eqi 769 - TU 710 - Exp 757) so I'm sure that was a contributing factor but I just find it a coincidence that I experienced a CLD that severe for asking for a CLI just yesterday. Time to firmly plant myself in the garden! LOL

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Wed, 20 Jun 2018 21:27:29 GMT

Don'y worry about it, it's Barclays and everyone knows they are a garbage bank. That is the reason why I have NEVER owned one of their cards and never will. I refuse to do business with a bank who treats their customers so poorly. If you put together all of the AA threads on these forums, Barclays would beat everyone with ease.

Sorry this happened to you; but the good news is, they aren't the only ones that hold the power. It takes two to tango, and you may just "forget" that you left that card in a drawer somewhere on some island

@marypoppins70 wrote:
Yep I know I've had a lot of new accounts opened in the last 15-16 months but my scores are good right now (Although TU is much lower than the other two - Eqi 769 - TU 710 - Exp 757) so I'm sure that was a contributing factor but I just find it a coincidence that I experienced a CLD that severe for asking for a CLI just yesterday. Time to firmly plant myself in the garden! LOL

Re: I'm the Latest Barclays Balance Chasing Victim....

Gmood1 — Wed, 20 Jun 2018 21:28:05 GMT

Yup..also time to drop Barclays.😂

Re: I'm the Latest Barclays Balance Chasing Victim....

marypoppins70 — Wed, 20 Jun 2018 21:34:30 GMT

@Gmood1 wrote:
Yup..also time to drop Barclays.😂

Oh yeah!

Re: I'm the Latest Barclays Balance Chasing Victim....

sjt — Wed, 20 Jun 2018 23:36:58 GMT

@marypoppins70 wrote:
Just checked my Barclays Upromise account to make my payment since I knew the statement was dropping soon and wouldn't you know it! Those blankety-blanks lowered my CL from $7,800 to $4,200, giving me a current Util % of 90%!!! I'm so mad I could spit nails!

I guess I finally poked the bear once too often yesterday when I requested a CLI on that CC. Got the 7-10 day message and thought nothing about it, but I should have realized this day would arrive. I'm going to pay off this stupid card to a $0 balance in two weeks but will leave it open for now. My only concern is do you think they'll balance chase my other two cards? I've had these three cards with Barclays for 13+ years and they HAD been good to me in the past but now I am so pissed!

Cant blame you for being pissed.

Note: most all of Barclay's AA are computer generated. I would call an analyst and see if you can get it overturned. You might want to wait until you pay the card off. If that doesnt work I would sock draw it and think about cosing it.

Re: I'm the Latest Barclays Balance Chasing Victim....

AverageJoesCredit — Thu, 21 Jun 2018 00:19:19 GMT

Raising my coffee in honor of Barclays Bashing lol, not good but I guess we all run the risk with any lender. It's quite possible they will balance chase on this card , not sure on your others but definitely keep an eye open.

Re: I'm the Latest Barclays Balance Chasing Victim....

blunderer — Thu, 21 Jun 2018 01:01:34 GMT

Sorry that happened to you.

I also had it happen to me but that was before I knew that Barclays is not too found of accounts carrying a balance for an extended period of time; for me that was 6months or so. Once I paid my account in full, I used it for the benefit I initially got it for, paid it in full every month and started getting auto CLI every 6 months for the past year and a half. Now my limit is higher than it originally was before the CLD.

I've had no other issues with Barclays. I think with them like any other creditor you have to know what their pet peeve is and stay from that.

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Thu, 21 Jun 2018 02:37:25 GMT

Yeah once you pay it off, I'd request them to reinstate your previous CL. If their answer is no, I'd inquire as to why. Then maybe just close it and move on?

As well as find out if there is any other things going on that may affect other CCC's.

Re: I'm the Latest Barclays Balance Chasing Victim....

SouthJamaica — Thu, 21 Jun 2018 03:06:39 GMT

@marypoppins70 wrote:
Just checked my Barclays Upromise account to make my payment since I knew the statement was dropping soon and wouldn't you know it! Those blankety-blanks lowered my CL from $7,800 to $4,200, giving me a current Util % of 90%!!! I'm so mad I could spit nails!

I guess I finally poked the bear once too often yesterday when I requested a CLI on that CC. Got the 7-10 day message and thought nothing about it, but I should have realized this day would arrive. I'm going to pay off this stupid card to a $0 balance in two weeks but will leave it open for now. My only concern is do you think they'll balance chase my other two cards? I've had these three cards with Barclays for 13+ years and they HAD been good to me in the past but now I am so pissed!

Sorry you had to experience that.

Barclays is a low-class, out-of-control, outfit.

My advice would be to pay your accounts down to zero and then close them.

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Thu, 21 Jun 2018 04:47:41 GMT

Well, I still value the Uber card (and Sallie Mae in the past was really good) so Barclays has a place for some.

As an earlier post showed, OP has got a lot of new accounts recently and such credit seeking is validly seen as a flag for risk. Clearly Barclays is more sensitive to this type of MyFico behavior, and so it is valid to warn here about this, but for the general population, I would guess Barclays is no more likely to close cards than other issuers

Re: I'm the Latest Barclays Balance Chasing Victim....

Loquat — Thu, 21 Jun 2018 11:38:44 GMT

@Anonymous wrote:
Well, I still value the Uber card (and Sallie Mae in the past was really good) so Barclays has a place for some.

As an earlier post showed, OP has got a lot of new accounts recently and such credit seeking is validly seen as a flag for risk. Clearly Barclays is more sensitive to this type of MyFico behavior, and so it is valid to warn here about this, but for the general population, I would guess Barclays is no more likely to close cards than other issuers

Same here. I don't have an issue with Barclays...I can't get a card from them on my own because I burned them on an Juniper Visa...and to that, I don't blame them for not welcoming me back with open arms. It's just the price I'll have to pay for screwing them in my BK13. But my wife has the Uber Visa which I'm AU on and they've been as easy as any other lender to deal with. We haven't had a need to use them for a BT or a CLI as her SL was $9k which is plenty for dining purposes.

There has been times when I wanted to shake my fist at Barclays for not letting me back in...but in reality, I probably wouldn't lend money to someone who burned me in the past either. Oh well..it is what it is. To the OP, if the card you have is worth it to you, don't close out of anger; pay it down, and maybe SD it until you can make a clear decision. Best of luck to you in whatever you decide.

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Thu, 21 Jun 2018 12:19:01 GMT

I have to imagine that banks are getting skittish. The bull market won't last forever and surely they have highly-paid analysts and consultants suggesting that it may be time to batten down the hatches and minimize their risk moving forward. I get it, to paraphrase old mob movies "it's nothing personal, it's just business".

Let's all remember that members of this forum are "credit outliers", with vastly more active accounts than average consumers, and paying much more attention to their credit health and credit score than most. The average consumer will likely never even HAVE a Barclay card, much less get balance-chased.

I have 2 Barclay accounts, both paid-off and SD'd, use them every 6 months to keep the accounts alive. Keeping the Apple Rewards account largely to see what happens after the first of the year with the Merrill Lynch/Apple connection...see if ML throws me a card, and see what Barclay PCs the existing account into.

Anyway, sorry for the OP's balance-chasing episode, these things seem to happen at just the worst possible time, kind of like a flat tire on a rainy day.

Re: I'm the Latest Barclays Balance Chasing Victim....

marypoppins70 — Thu, 21 Jun 2018 13:16:34 GMT

Thanks guys for the encouraging words. I have definitely learned my lesson not to poke the proverbial bear any longer. I guess I was encouraged (and blinded in a way) by months and months of approvals and CLIs that I had rarely experienced in my prior 30 years of credit experience that I didn't think a CLD would happen to me, but it did. I plan to pay off this CC before the next due date and will wait and see if they continue to balance chase this account or my other two cards with Barclays. If they do I will close them out.

Re: I'm the Latest Barclays Balance Chasing Victim....

Anonymous — Thu, 21 Jun 2018 15:02:49 GMT

Good luck to you!

@marypoppins70 wrote:
Thanks guys for the encouraging words. I have definitely learned my lesson not to poke the proverbial bear any longer. I guess I was encouraged (and blinded in a way) by months and months of approvals and CLIs that I had rarely experienced in my prior 30 years of credit experience that I didn't think a CLD would happen to me, but it did. I plan to pay off this CC before the next due date and will wait and see if they continue to balance chase this account or my other two cards with Barclays. If they do I will close them out.