topic Re: Barclay's Questions in Credit Cards

Barclay's Questions

MakingProgress — Mon, 04 Feb 2019 13:24:03 GMT

I have heard that Barclay's is sensitive to new accounts and sometimes will take AA if they get nervous.

I am on a cash back strategy and will be applying for an Uber Visa from Barclays, I also plan to app for one other card at the same time. My last new accounts just passed the 1 year mark so I don't think I need worry about this app.

I will be looking for a BT card in Aug/Sep and am considering the Barclay's Ring. Will that app spook them or is the 6 months in between enough?

Re: Barclay's Questions

Remedios — Mon, 04 Feb 2019 13:36:20 GMT

Can you quantify 'app spree'?

If you're talking about 1-2 cards, six months may be sufficient. It's definitely one of those YMMV situations.

Re: Barclay's Questions

Remedios — Mon, 04 Feb 2019 13:38:11 GMT

Btw, there are enough app spree train wreck stories around here to keep you busy reading for hours.

Re: Barclay's Questions

MakingProgress — Mon, 04 Feb 2019 13:38:57 GMT

@Remedios wrote:
Can you quantify 'app spree'?

If you're talking about 1-2 cards, six months may be sufficient. It's definitely one of those YMMV situations.

I don't really think it's an app spree. I am looking at 2 cards now and the Ring in Aug / Sep. So three cards total, but 2 of the 3 will be from Barclays.

Re: Barclay's Questions

Remedios — Mon, 04 Feb 2019 13:44:45 GMT

It might work.
I'd work on back up BT plan, in case Barclay gets a bit temperamental

Re: Barclay's Questions

MakingProgress — Mon, 04 Feb 2019 13:57:57 GMT

@Remedios wrote:
It might work.
I'd work on back up BT plan, in case Barclay gets a bit temperamental

There will be a thread asking about other BT options as the time to app for that gets closer.

Re: Barclay's Questions

SouthJamaica — Mon, 04 Feb 2019 14:05:28 GMT

@MakingProgress wrote:
I have heard that Barclay's is sensitive to new accounts and sometimes will take AA if they get nervous.

I am on a cash back strategy and will be applying for an Uber Visa from Barclays, I also plan to app for one other card at the same time. My last new accounts just passed the 1 year mark so I don't think I need worry about this app.

I will be looking for a BT card in Aug/Sep and am considering the Barclay's Ring. Will that app spook them or is the 6 months in between enough?

While the Ring card is a good balance transfer card on paper, Barclays is -- as you have heard -- a mismanaged company which takes adverse action for no known reason sometimes, and for totally illogical reasons at other times. One of the triggers is balance transfers.

I used to think the Ring was a super great card because it offered no balance transfer fee, a nominal cash advance fee, and reasonable interest rates. I then discovered that credit unions offer similar cards at even better terms, and without the schizoid behavior.

Many many credit unions offer no-balance-transfer-fee low interest platinum cards.

My advice would be to find a good credit union and get the card there.

Re: Barclay's Questions

xaximus — Mon, 04 Feb 2019 16:43:01 GMT

@SouthJamaica wrote:
@MakingProgress wrote:
I have heard that Barclay's is sensitive to new accounts and sometimes will take AA if they get nervous.

I am on a cash back strategy and will be applying for an Uber Visa from Barclays, I also plan to app for one other card at the same time. My last new accounts just passed the 1 year mark so I don't think I need worry about this app.

I will be looking for a BT card in Aug/Sep and am considering the Barclay's Ring. Will that app spook them or is the 6 months in between enough?
While the Ring card is a good balance transfer card on paper, Barclays is -- as you have heard -- a mismanaged company which takes adverse action for no known reason sometimes, and for totally illogical reasons at other times. One of the triggers is balance transfers.

I used to think the Ring was a super great card because it offered no balance transfer fee, a nominal cash advance fee, and reasonable interest rates. I then discovered that credit unions offer similar cards at even better terms, and without the schizoid behavior.

Many many credit unions offer no-balance-transfer-fee low interest platinum cards.

My advice would be to find a good credit union and get the card there.

Definitely agree with this method. Look into a CU for any BT's as they offer better rates. Barclay's is too unpredictable IMHO. The Uber Visa is a good card and it would definitely be the first app I do. Then give it a few months for the BT if anything.

Re: Barclay's Questions

HeavenOhio — Mon, 04 Feb 2019 18:04:45 GMT

I think three cards in seven months is fine, provided you have enough gardening before and after to cushion you.