topic Re: Entering "PRIME" Territory... in Credit Cards

Entering "PRIME" Territory...

Anonymous — Sun, 06 Nov 2011 23:45:08 GMT

Yet another successful Barclays success story

So...

Two weeks ago I applied for a Barclay's Travelocity Amex. I received the "will contact within 10 days" message. I thought to myself I can't wait for Barclays to decline me so I can see what this recon thing is like... So I waited, and waited, and waited... (I actually applied for a real Amex in the meantime and was instantly approved). After the FULL 10 BUSINESS DAYS I was awarded with a Congratulatory statement and a $2,500 credit limit. All this after gardening an HSBC Orchard Platinum Mastercard for 6 years hoping it would grow. Now the only waiting I am required to do is for my new cards to get here! Thank you so much MyFico! I would also like to thank Orchard for their help and would like to advise them that their services are no longer needed

Re: Entering "PRIME" Territory...

Datx — Sun, 06 Nov 2011 23:47:10 GMT

Awesome, congrats to ya!

Re: Entering "PRIME" Territory...

Guava — Mon, 07 Nov 2011 00:50:45 GMT

Congrats on moving on to greener pasture!

Re: Entering "PRIME" Territory...

CreditCrusader — Mon, 07 Nov 2011 01:05:52 GMT

I would also like to thank Orchard for their help and would like to advise them that their services are no longer needed

HAHAHAHAHAHAHAHAHAHAHA! Best FICO Forums line of the year award nominee right here

May I ask what your scores and general credit profile were at the time of approval? I have been looking at this as a next card (already have the Barclay Apple with a $1,500 limit, but would love that AMEX co-branded card!)

Re: Entering "PRIME" Territory...

Anonymous — Mon, 07 Nov 2011 01:23:03 GMT

I'm not sure of the exact scores. I had a 660 true (transunion) Fico with a ding for 0% utl reporting. Shortly after I bought that score 1 credit card reported a $200 balance resulting in about 9% utility (and a boost in score). Barclays followed their trend and pulled my Transunion CR. I have a 30 day late from February 2010 and an unpaid hospital collection that was reaged in May this year (but is due to fall off in June 2012) I actually have a closed 2 month old capital one card (long story) that killed my AAoA. I was at about 3yrs 8 months with cap one in the mix oldest account is about 8 years old (should NOT have paid for college cash). Have an auto loan at 24k that I got in December 2010. Reported HHI 80K.

Hope this helps!

Re: Entering "PRIME" Territory...

Anonymous — Mon, 07 Nov 2011 04:33:16 GMT

@Anonymous wrote:
I'm not sure of the exact scores. I had a 660 true (transunion) Fico with a ding for 0% utl reporting. Shortly after I bought that score 1 credit card reported a $200 balance resulting in about 9% utility (and a boost in score). Barclays followed their trend and pulled my Transunion CR. I have a 30 day late from February 2010 and an unpaid hospital collection that was reaged in May this year (but is due to fall off in June 2012) I actually have a closed 2 month old capital one card (long story) that killed my AAoA. I was at about 3yrs 8 months with cap one in the mix oldest account is about 8 years old (should NOT have paid for college cash). Have an auto loan at 24k that I got in December 2010. Reported HHI 80K.

Hope this helps!

I think you could request higher credit line with that HHI. If I were you, I would call backdoor number and request CL increase to $5000-7000.

Re: Entering "PRIME" Territory...

Anonymous — Mon, 07 Nov 2011 16:01:26 GMT

@Anonymous wrote:
Yet another successful Barclays success story

So...
Two weeks ago I applied for a Barclay's Travelocity Amex. I received the "will contact within 10 days" message. I thought to myself I can't wait for Barclays to decline me so I can see what this recon thing is like... So I waited, and waited, and waited... (I actually applied for a real Amex in the meantime and was instantly approved). After the FULL 10 BUSINESS DAYS I was awarded with a Congratulatory statement and a $2,500 credit limit. All this after gardening an HSBC Orchard Platinum Mastercard for 6 years hoping it would grow. Now the only waiting I am required to do is for my new cards to get here! Thank you so much MyFico! I would also like to thank Orchard for their help and would like to advise them that their services are no longer needed

Congratulations!!! It's a big milestone crossing the threshhold from subprime to prime. Good for you!!!

Re: Entering "PRIME" Territory...

Anonymous — Mon, 07 Nov 2011 22:41:50 GMT

@Anonymous wrote:
I think you could request higher credit line with that HHI. If I were you, I would call backdoor number and request CL increase to $5000-7000.

I've toyed with the thought of a recon CLI with Barclays. I but I don't want to risk the additional hard pull on EXP as I have read on some posts. I would like to see the auto CLI in 6 months and possibly recon that with a BT if necessary. Barclay did however beat my highest limit (with my CU) by $500. I plan of requesting a CLI with my CU next month.

Re: Entering "PRIME" Territory...

Anonymous — Mon, 07 Nov 2011 23:37:03 GMT

@Anonymous wrote:
@Anonymous wrote:
I think you could request higher credit line with that HHI. If I were you, I would call backdoor number and request CL increase to $5000-7000.

I've toyed with the thought of a recon CLI with Barclays. I but I don't want to risk the additional hard pull on EXP as I have read on some posts. I would like to see the auto CLI in 6 months and possibly recon that with a BT if necessary. Barclay did however beat my highest limit (with my CU) by $500. I plan of requesting a CLI with my CU next month.

It should be on TU rather than EX. Mod Cut

Re: Entering "PRIME" Territory...

MarineVietVet — Mon, 07 Nov 2011 23:32:45 GMT

Just a reminder that freezing one CRA in an attempt to manipulate that another CRA is pulled for an inquiry is unethical and a violation of our credit repair guideliines.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Entering "PRIME" Territory...

CreditCrusader — Mon, 07 Nov 2011 23:44:17 GMT

@MarineVietVet wrote:
Just a reminder that freezing one CRA in an attempt to manipulate that another CRA is pulled for an inquiry is unethical and a violation of our credit repair guideliines.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

I have seen this alluded to before and would like some elucidation. Are there people freezing specific bureaus, thus forcing the company to pull a different (presumably better looking for the applicant) bureau i.e. EQ in lieu of EX?

Re: Entering "PRIME" Territory...

MarineVietVet — Mon, 07 Nov 2011 23:52:18 GMT

@CreditCrusader wrote:

I have seen this alluded to before and would like some elucidation. Are there people freezing specific bureaus, thus forcing the company to pull a different (presumably better looking for the applicant) bureau i.e. EQ in lieu of EX?

That is the theory behind it. But by doing so a person is attempting to bypass having a legitimate inquiry being reported on a particular CRA.

Re: Entering "PRIME" Territory...

CreditCrusader — Mon, 07 Nov 2011 23:58:56 GMT

@MarineVietVet wrote:
@CreditCrusader wrote:

I have seen this alluded to before and would like some elucidation. Are there people freezing specific bureaus, thus forcing the company to pull a different (presumably better looking for the applicant) bureau i.e. EQ in lieu of EX?
That is the theory behind it. But by doing so a person is attempting to bypass having a legitimate inquiry being reported on a particular CRA.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

I completely agree with you on the ethics issue. I just wish the CRAs (Experian, I'm looking in your direction...) would hold up their end of the bargain by reporting accurate information in a timely manner. I spent 6 months getting items removed from their report that should have taken a small fraction of that time. In my estimation, it is equally unethical to essentially blacklist an applicant by using a notoriously difficult CRA to work with. WFNNB basically slammed the door in my face because they used EX and wouldn't consider the other, more accurate CRAs. Now when they pre-approve me in the checkouts and I give them the raspberry

Anyway...sorry...rant over!

Re: Entering "PRIME" Territory...

MarineVietVet — Tue, 08 Nov 2011 00:01:11 GMT

@CreditCrusader wrote:
@MarineVietVet wrote:
@CreditCrusader wrote:

I completely agree with you on the ethics issue. I just wish the CRAs (Experian, I'm looking in your direction...) would hold up their end of the bargain by reporting accurate information in a timely manner. I spent 6 months getting items removed from their report that should have taken a small fraction of that time. In my estimation, it is equally unethical to essentially blacklist an applicant by using a notoriously difficult CRA to work with. WFNNB basically slammed the door in my face because they used EX and wouldn't consider the other, more accurate CRAs. Now when they pre-approve me in the checkouts and I give them the raspberry

Anyway...sorry...rant over!

Amen! You won't get any argument from me on that issue!!

Re: Entering "PRIME" Territory...

Anonymous — Tue, 08 Nov 2011 00:05:31 GMT

In addition (correct me if I'm wrong), now that I am a customer with Barclays I believe if I request a CLI, PC et al, Barclays is allowed by law to review my CR with either a hard or soft pull. I believe the CCC can access a frozen CR without my permission.