topic Dreaded Barclay AA...... in Credit Cards

Dreaded Barclay AA......

Anonymous — Tue, 19 Jun 2012 13:56:20 GMT

Well my May app spree caught up with me. Got a letter from Barclay stating they are reducing my 3K credit card limit to 2K. Reasons being, too many new account openings (4 including them) and balance increased too quickly (I transferred a 1K balance to the Barclay and bought a $260 plane ticket).

Re: Dreaded Barclay AA......

injustifiiable — Tue, 19 Jun 2012 13:59:04 GMT

Well, that sucks but they are notorious for that. :-/

Re: Dreaded Barclay AA......

tsquad131 — Tue, 19 Jun 2012 14:07:06 GMT

you got lucky i applied for a carnival mastercard because of my upcoming cruise I had a couple months back and got denied and triggered a manual review for the csr and because he saw 4 new accounts in the past 6 months I had a 0 balance as well and 1% utlization with a 3k cl and having their card for a year they instantly closed it

Re: Dreaded Barclay AA......

Anonymous — Tue, 19 Jun 2012 14:09:10 GMT

Sorry to hear that, at least they didnt close, how long have you had the account?

Re: Dreaded Barclay AA......

Anonymous — Tue, 19 Jun 2012 14:39:21 GMT

Very Wierd! I just received a auto CLI from Barclay's after opening 4 accounts within 6 months! I also BT to the card, and right now my balance on 1 of my new cards is 90% of the CL, Also your TU Fico is way higher than mine... ~~What card do you have?~~ How long have you had the card? Did you call the recon number recently?

Edit: read your siggy

Re: Dreaded Barclay AA......

CS800 — Tue, 19 Jun 2012 14:42:28 GMT

Barclay us a strange beat. I also have new accounts and got a CLI.

Makes you wonder sometimes.

Sorry to hear about this.

Re: Dreaded Barclay AA......

RockinRay — Tue, 19 Jun 2012 14:47:43 GMT

I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.

Re: Dreaded Barclay AA......

Anonymous — Tue, 19 Jun 2012 14:52:14 GMT

@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.

1. Calling for the CLI usually results in a HP, supposedly Barclay's is pretty good with auto CLI's but I respect your decision.

2. About 99% of the posts I've read in which a poster calls the backdoor number to argue a case after an AA results in account closure **BEWARE**

Re: Dreaded Barclay AA......

RockinRay — Tue, 19 Jun 2012 15:07:56 GMT

@Anonymous wrote:
@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.
1. Calling for the CLI usually results in a HP, supposedly Barclay's is pretty good with auto CLI's but I respect your decision.
2. About 99% of the posts I've read in which a poster calls the backdoor number to argue a case after an AA results in account closure **BEWARE**

1. Agreed - I will ask them first. They may be able to soft it for me.

2. I have called and argued with them twice now and that has not been a problem for me. They have always been quite nice to work with. I call and ask them to reduce the interest rate. Have not had luck with that yet...

Most likely, I will just close it as I am now in "pruning" mode. I have some great cards with excellent limits so I feel time to weede out the garden so to speak!

Re: Dreaded Barclay AA......

CS800 — Tue, 19 Jun 2012 15:16:41 GMT

@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.

Would you risk a HP for a CLI?

Re: Dreaded Barclay AA......

RockinRay — Tue, 19 Jun 2012 15:53:39 GMT

@CS800 wrote:
@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.
Would you risk a HP for a CLI?

Nope - I will close it down. I really no longer need it. I guess I could use it for iTunes purchases, get the double points, then shut it down when I get my $25 iTunes gift cert. It really becomes too much trouble to manage everything.

I think for me it will come down to these cards - all with CL over $20k except Nordstrom at $10k and Target Visa at $4k...

1. PenFed Visa - Gas.

2. Chase Southwest rewards - need to build up two more free tickets.

3. US Bank Cash + (I think we are going to be approved - Bill pay and other rrotating cats.

4. Target Visa - Target.

5. Amex BCE - small bills like NetFlix just to keep using it.

6. USAA World MC - everything else.

7. Nordstrom Siggy Visa - Clothing.

Even 7 is more thatn I want to manage ---------

Re: Dreaded Barclay AA......

CS800 — Tue, 19 Jun 2012 16:27:08 GMT

@RockinRay wrote:
@CS800 wrote:
@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.
Would you risk a HP for a CLI?
Nope - I will close it down. I really no longer need it. I guess I could use it for iTunes purchases, get the double points, then shut it down when I get my $25 iTunes gift cert. It really becomes too much trouble to manage everything.

I think for me it will come down to these cards - all with CL over $20k except Nordstrom at $10k and Target Visa at $4k...

1. PenFed Visa - Gas.
2. Chase Southwest rewards - need to build up two more free tickets.
3. US Bank Cash + (I think we are going to be approved - Bill pay and other rrotating cats.
4. Target Visa - Target.
5. Amex BCE - small bills like NetFlix just to keep using it.
6. USAA World MC - everything else.
7. Nordstrom Siggy Visa - Clothing.

Even 7 is more thatn I want to manage ---------

Nice collection Ray. Your CL's are impressive.

How long have you had these cards?

PenFed still hates me.
I'm hoping to get my BCE to $25K in September.

Re: Dreaded Barclay AA......

RockinRay — Tue, 19 Jun 2012 17:25:54 GMT

@CS800 wrote:
@RockinRay wrote:
@CS800 wrote:
@RockinRay wrote:
I think I am going to close my account with them. I have a $3k CL and I will call them and ask them to move it to $5k. If they do, I will keep it open. If not, I will close it. Their interest rates are high and their rewards (iTunes Visa) are not very good...

OP - sorry this has happened. I would call them (backdoor) and argue my case.
Would you risk a HP for a CLI?
Nope - I will close it down. I really no longer need it. I guess I could use it for iTunes purchases, get the double points, then shut it down when I get my $25 iTunes gift cert. It really becomes too much trouble to manage everything.

I think for me it will come down to these cards - all with CL over $20k except Nordstrom at $10k and Target Visa at $4k...

1. PenFed Visa - Gas.
2. Chase Southwest rewards - need to build up two more free tickets.
3. US Bank Cash + (I think we are going to be approved - Bill pay and other rrotating cats.
4. Target Visa - Target.
5. Amex BCE - small bills like NetFlix just to keep using it.
6. USAA World MC - everything else.
7. Nordstrom Siggy Visa - Clothing.

Even 7 is more thatn I want to manage ---------
Nice collection Ray. Your CL's are impressive.

How long have you had these cards?

PenFed still hates me.
I'm hoping to get my BCE to $25K in September.

Let's see-

USAA since they opened the bank - do not remember the year. Most likely late 80's.

PenFed - 1 year

Southwest Rewards - new

Target Visa - 2010

Amex BXE - 1 year

US Bank - hoping for approval Thursday - talked with backdoor this morning and was told everything looks excellent and it is in the final stages of approval now.

Nordstroms - April of this year.

The cards are of course fun but can be a pain to manage and make sure each one gets some action every now and then. And then you have the rewards game to play too.

I am thinking the US Bank card will pay monthly bills. I have calculated that we can make $105 cash back per month by doing what Discover does today. Then we need two more Southwest tickets so I need to work that card too. A pain but worth it. I manage all of these cards in my budget so no worries about over spend. I also used to pay weekly but if approved for US Bank, I am calling it quits on the next stuff and I will just pay statement due date. I will let that money sit in USAA checking and earn a small amount of interest.

When USAA reports (it just got paid off), we should be aound 805 on all three so we will be sitting right where we want to be.

Re: Dreaded Barclay AA......

Anonymous — Wed, 20 Jun 2012 00:32:43 GMT

@RockinRay wrote:
Let's see-

USAA since they opened the bank - do not remember the year. Most likely late 80's.
PenFed - 1 year
Southwest Rewards - new
Target Visa - 2010
Amex BXE - 1 year
US Bank - hoping for approval Thursday - talked with backdoor this morning and was told everything looks excellent and it is in the final stages of approval now.
Nordstroms - April of this year.

The cards are of course fun but can be a pain to manage and make sure each one gets some action every now and then. And then you have the rewards game to play too.

I am thinking the US Bank card will pay monthly bills. I have calculated that we can make $105 cash back per month by doing what Discover does today. Then we need two more Southwest tickets so I need to work that card too. A pain but worth it. I manage all of these cards in my budget so no worries about over spend. I also used to pay weekly but if approved for US Bank, I am calling it quits on the next stuff and I will just pay statement due date. I will let that money sit in USAA checking and earn a small amount of interest.

When USAA reports (it just got paid off), we should be aound 805 on all three so we will be sitting right where we want to be.

Your Barclay's card is definately the average looking gal in a room full of supermodels