topic Re: My Barclay CC was cancelled in Credit Cards

My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:28:46 GMT

Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.

Re: My Barclay CC was cancelled

pizzadude — Mon, 05 Mar 2012 17:31:14 GMT

@Anonymous wrote:
Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.

Barclay strikes again. They are known for being VERY sensitive to having other accounts/inquiries show, up to 6 or even 12 months after your account is opened.

How many new accounts do you have on your credit reports, besides Barclay ?

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:41:53 GMT

BBBS - BARCLAYS BIG BROTHER SYNDROME

Sorry to hear about this, but closures are becoming the norm.

Re: My Barclay CC was cancelled

TeeandDee — Mon, 05 Mar 2012 17:44:55 GMT

What a nightmare!!!! I will certainly be staying away from Barclay's! That's outrageous!

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:52:55 GMT

@Anonymous wrote:
Hello everyone, the weirdest thing happened to me today. Last month I applied for credit on the Apple's website to buy an IPad 2, I was approved for up to $750.00, they sent me a Barclays Visa. Yesterday I received an offer for credit increase online, so I submitted it and was declined, so I called the Barclays backdoor number and not only they said no, they told me that they have to close my account because I have to many new accounts. Weird.

Was that just a box at the top when you login saying 'Boost your buying power, Request a credit line increase today"?? if so that has been there since I opened my account

also did they do a hp?

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:55:36 GMT

Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:56:20 GMT

@Anonymous wrote:
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.

I am lost why you cant use the iPad and they should of gave you 6 months no intreast

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 17:59:09 GMT

No I meant I can't use the Barclays Credit card, for the IPad I still have six months to pay.

Re: My Barclay CC was cancelled

mAndrew1980 — Mon, 05 Mar 2012 17:59:15 GMT

Another Barclays closure thread. Still don't think this is the norm but they really are sensitive to new accounts. Every time I get the itch to app one of these app's seems to pop up. I'm going on 3 1/2 months app-free since I opened Barclays. Only 2 1/2 more months till I can app again LOL.

Re: My Barclay CC was cancelled

TeeandDee — Mon, 05 Mar 2012 18:01:15 GMT

@Anonymous wrote:
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.

So are they going to let you pay off the IPad in installments/financing?? Or did they stick you with the full balance since they cancelled the card??

Re: My Barclay CC was cancelled

mAndrew1980 — Mon, 05 Mar 2012 18:05:29 GMT

How many new accounts/inq's since you opened the card?

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 18:06:55 GMT

Installments

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 18:41:58 GMT

@TeeandDee wrote:
@Anonymous wrote:
Anyway I did buy the IPad but I can't use the credit card anymore after today. I'm going to pay off my balance and forget Barclays exist.
So are they going to let you pay off the IPad in installments/financing?? Or did they stick you with the full balance since they cancelled the card??

Are they allowed to do that? Wouldn't that violate the original terms of the card that you applied for, which included 6 months no interest?

Re: My Barclay CC was cancelled

Anonymous — Mon, 05 Mar 2012 18:49:02 GMT

Yes they will let me pay in six month with zero interest, but what it means is that after I finish paying o can't use the card anymore.

Re: My Barclay CC was cancelled

bichonmom — Mon, 05 Mar 2012 19:11:35 GMT

Unfortunately the button you saw wasn't put there for you specifically; it shows up on everyone's account. It doesn't mean that you're pre-approved for a CLI. It's just there for account holders who want to request a CLI.

It appears by doing this, it instigated a HP by Barclay's, which denied your CLI. Then when you called to recon and spoke with a human, they saw something they didn't like on your CR. They are VERY sensitive to new accounts being opened within 6 mos. Many have reported doing that with no problems; however, some do.

What was your CL with them? How many new accounts have you opened since Barclay's? They may also be seeng any accounts you apped for before Barclay's that didn't show on your CR when you apped with them. So, they may be seeing more new accts than you're thinking.

There was another thread similar to this recently. Frankly I think with Barclay's it may be better to wait for an auto-CLI -- also to avoid the HP. I sure won't be hitting Barclay's luv button!

Re: My Barclay CC was cancelled

Smug — Mon, 05 Mar 2012 20:14:11 GMT

I opened 6 new accounts after Barclays, all the same month, I have called and got a CLI and never had a problem However I am at 1% and pay in full monthly, not sure if that make a difference .

Re: My Barclay CC was cancelled

Smerri1029 — Mon, 05 Mar 2012 20:43:46 GMT

It's funny how everyone panics about an AmEx FR yet Barclays will just close your account if there are some inquiries and theres no major outcry on the forums (like there is against AmEx anyways).

Re: My Barclay CC was cancelled

CreditCrusader — Mon, 05 Mar 2012 20:56:27 GMT

@Smerri1029 wrote:
It's funny how everyone panics about an AmEx FR yet Barclays will just close your account if there are some inquiries and theres no major outcry on the forums (like there is against AmEx anyways).

I think it's all much ado about nothing personally. These CC companies can close you down for nearly any reason they want. Sure, the card-holder can scream, complain, write reviews on this forum...whatever. If a CC company doesn't want you as a customer, they'll find a reason to ax you.

I hate to sound like a broken record, but this is why it is so important to establish a good relationship with a local lender - particularly if you are a fringe prime candidate (the sort of customer Barclay's seems intent upon frustrating on a near-daily basis). All it takes is one pair of cold feet upon review of your account to rain on the party. Local lenders like small banks and credit unions value RELATIONSHIPS, and therefore likely won't be softing you endlessly like AMEX or Barclay's does.

Anyway...just some food for thought

Re: My Barclay CC was cancelled

bichonmom — Mon, 05 Mar 2012 21:06:59 GMT

@Smerri1029 wrote:
It's funny how everyone panics about an AmEx FR yet Barclays will just close your account if there are some inquiries and theres no major outcry on the forums (like there is against AmEx anyways).

Barclay's doesn't close accts due to inquiries. They will close your acct if they see you've obtained a lot of *new* credit at the same time or after opening their account. That makes them nervous.

I do believe that your util on the Barclay's card and overall util must play a part. Otherwise everyone who gets a new card after Barclay's would be experiencing this. And as others have said, would Apple do business with a bank who randomly closes new accts.?

Re: My Barclay CC was cancelled

Ron1 — Mon, 05 Mar 2012 21:09:52 GMT

Sorry to hear . Barclays likes to close people accounts after asking for CLI. They did it to me when they were Juniper years ago. They haven't after closed my account after I opened many new accounts last year. By the way, you have waited for iPad3 coming later this year. You should get BB card instead of Barclays. It gives 18 months no interest financing instead of 6 month over $499. Once I wanted to get Apple card to buy a new iMac and my brother told me not to get one because of it. Barclays don't like new accounts, high balance like BofA.

Ron.