topic Re: Barclay Apple rewards CLD in Credit Cards

Barclay Apple rewards CLD

Anonymous — Sat, 16 Mar 2019 23:14:29 GMT

my Apple rewards card had a balance of $2300 my limit was 2500 has been for about a year. The other day I made a $500 payment and now they’ve decreased the CL to $2050, leaving me back at the same utilization for the card and my overall available credit decreased by $500 anyone else have experience with them? More information is I recently been on a rebuilding spree as I’ve paid 3 of my 5 cards down to 0.

Re: Barclay Apple rewards CLD

Anonymous — Sat, 16 Mar 2019 23:19:09 GMT

Not uncommon for Barclays. How long have you had the high balance?

Re: Barclay Apple rewards CLD

Anonymous — Sat, 16 Mar 2019 23:19:53 GMT

You're being balance chased.

Re: Barclay Apple rewards CLD

Anonymous — Sun, 14 Jul 2019 07:04:28 GMT

Sorry but you carried the balance too close to the limit for too long. Most banks/CC now use risk assessment software that tries to predict when a customer becomes a bad risk. Carrying a balance close to your limit for a long time is one of the triggers. If I read it correctly you carried it for a year? I think anything more then a few months is risky especially with banks like Barclays.

You have now entered “balance chasing” territory. More than likely they will keep reducing your limit as you pay it down. After you pay it down you can try to call and get your limit increased again. Depending on the bank you may have to take a pull to get it back up. Good luck.

Re: Barclay Apple rewards CLD

Anonymous — Sat, 16 Mar 2019 23:43:42 GMT

Just to echo what’s already been said about balance chasing and to ask.....to you have another card you can balance transfer the limit too? It may stop the bleeding of high utilization.

Re: Barclay Apple rewards CLD

Anonymous — Sun, 17 Mar 2019 01:32:31 GMT

It’s been about 2 months that I’ve been close to my limit. And that’s my fear I’ve been snowballing and just paying the minimum with them to pay the other cards. Been doing that since January. But it seems like I was better off to keep paying them minimum and pay my other card down first. I also just received a cli with my Macy’s card do you think it has something to do with that?

Re: Barclay Apple rewards CLD

Anonymous — Sun, 17 Mar 2019 01:34:35 GMT

I’m trying to get everything in order before I app for a auto loan and they’re decreasing my overall utilization is not helping me lol

Re: Barclay Apple rewards CLD

Anonymous — Sun, 17 Mar 2019 01:50:53 GMT

Nearly the same thing happened to me last year. Got the Apple rewards card in Feb. 2018 to get a Macbook Pro and they gave me a SL of $2500. Set up auto-pay as I moved to Japan early March of last year for work and wasn't sure how difficult it would be making payments overseas. Turns out, pretty difficult as the iphone app no longer worked and I wasn't able to log in to their US website from Japan. Contacted customer service a few times and they were no help. Got a VPN and was able to log in to the US site and start making payments above the minimum. In May of last year I made a large payment that took my balance down to $1800 and a few days later they dropped my limit to $2100. Wasn't able to see the reason until I returned to the US in October, which they gave as "high balance on other revolving accounts" or whatever the wording is. Only other card of mine that had a balance was a Discover I used for my rent payments in Japan. Barclays hasn't done anything since then and I have a balance of around $300 left on the card. The only other charge I've made to the Apple rewards card is for additional iCloud storage every month.

I haven't contacted them to restore the SL as after reading about them on the forums here thought it best not to poke the bear.

Longtime lurker but posting for the first time in case my experience could prove to be useful info.

Re: Barclay Apple rewards CLD

Anonymous — Sun, 17 Mar 2019 01:55:09 GMT

It’s annoying the only card that I currently hold a balance on is discover and I balance transferred from capital one. It’s happening at the worst time for me honestly. Hopefully my Cli on my Macy’s will be a buffer . And it won’t affect my utilization much.

Re: Barclay Apple rewards CLD

3039202-21 — Sun, 17 Mar 2019 02:18:28 GMT

If this rumored Goldman Sachs/Apple card launches this year I wonder if Barclay's just loweing their risk if they know they won't be Apple's retail bankcard issuer going forward.

Re: Barclay Apple rewards CLD

SecretAzure — Sun, 17 Mar 2019 02:20:49 GMT

@3039202-21 wrote:
If this rumored Goldman Sachs/Apple card launches this year I wonder if Barclay's just loweing their risk if they know they won't be Apple's retail bankcard issuer going forward.

This thought crossed my mind as well. This card may not be around much longer.

Re: Barclay Apple rewards CLD

Anonymous — Tue, 19 Mar 2019 12:39:53 GMT

I did call and was told that my balances on my other cards have been too close to the limits. Howvever that hasn’t been the case in 2 months. Could it be that because I only Carry balances on them and discover.