topic Re: Barclay CLD in Credit Cards

Barclay CLD

n777ua — Thu, 28 Jun 2012 02:09:07 GMT

I bought a new MacBook Pro last year and took advantage of the one year 0% APR. My CL $2250. My deferred financing was ending on 7/5, and I paid the account in full a couple of days ago. No lates, returned payments, etc. Today I logged into my account (suspecting something like this would happen) and my new CL is $1k. I'll be calling tomorrow to close the account.

Re: Barclay CLD

android01 — Thu, 28 Jun 2012 02:10:57 GMT

How many accounts have you applied for since you got this card? It would be a good data point to let people know.

Re: Barclay CLD

n777ua — Thu, 28 Jun 2012 02:12:42 GMT

3 new accounts, 1 new auto loan. Also added as an AU on some accounts, which is why I felt a Barclay CLD was coming, based on what I've read here.

Re: Barclay CLD

Anonymous — Thu, 28 Jun 2012 02:21:36 GMT

@n777ua wrote:
"...I felt a Barclay CLD was coming, based on what I've read here."

Yeah, typical Barclay behavior! Some folks are able to slip through their cracks but seems like they're notorious for CLD and flat out closing accounts. I'm sorry this happened to you. At least you got your Mac.

Re: Barclay CLD

n777ua — Thu, 28 Jun 2012 02:24:34 GMT

Maybe they're irked b/c they didn't get a dime in interest from me

Re: Barclay CLD

pizzadude — Thu, 28 Jun 2012 02:45:41 GMT

IMO you can probably CLI back up to where you were previously if you are willing to wait another 6 months/1year.

Re: Barclay CLD

Anonymous — Thu, 28 Jun 2012 06:22:54 GMT

imo leave it open. you won by using them for 0% for the mac you purchased and youve already obtained 3 new accounts that are prob better for your needs right? if they dont restore your original limit soon then axe them but for now i wouldnt

Re: Barclay CLD

GST2008 — Thu, 28 Jun 2012 13:25:11 GMT

Leave it open. The 0% financing at Apple may come in handy again in the future if you decide you want an IPad or Time Capsule or something along those lines. They may increase the limit again once the new accounts age a little. I briefly had a similar experience where they decreased my ITunes Visa limit for a three months and then ended up increasing it to more than what it was before the decrease. It was very strange. I think the response I was given when I called was that my spending pattern was irregular (it was around the holidays and I was buying Christmas gifts and then making weekly payments so I wouldn't carry a balance). Three months later, they restored the original amount and then some. Since there is no AF, you might as well leave it open and see what happens. It certainly won't hurt your credit score to keep it open.

Re: Barclay CLD

CS800 — Thu, 28 Jun 2012 13:33:22 GMT

I would leave it open and try to get your original CL like others suggested.It's a no AF card.

Re: Barclay CLD

Anonymous — Thu, 28 Jun 2012 14:16:38 GMT

Speaking of Barclays did you see they are being fined manipulation of rates?

Re: Barclay CLD

learnin113 — Thu, 28 Jun 2012 14:58:29 GMT

Started out loving Barclays...in less than a year I've grown to hate them. Why are they so liberal with initial approvals and CLIs and then within only 6 months to go back on that decision. That is so annoying.

Re: Barclay CLD

n777ua — Thu, 28 Jun 2012 17:26:14 GMT

The saga continues. I logged into the account today b/c I needed to change the address and the account was closed. When I called CSR they said I would be receiving a letter in 10/14 days. I WAS going to leave it open based on advice here, but I'm really over all of this. Between DW and I we have $101k in available credit to use with other companies, there's really no need to sweat over Barclays. I just find the entire situation odd....when the letter comes I'll post what its all about.

Re: Barclay CLD

TNTransplant — Thu, 28 Jun 2012 18:13:21 GMT

@n777ua wrote:
The saga continues. I logged into the account today b/c I needed to change the address and the account was closed. When I called CSR they said I would be receiving a letter in 10/14 days. I WAS going to leave it open based on advice here, but I'm really over all of this. Between DW and I we have $101k in available credit to use with other companies, there's really no need to sweat over Barclays. I just find the entire situation odd....when the letter comes I'll post what its all about.

Wow. Sorry about that, but I'm sure you're probably just as happy to be rid of them at this point...

I understand that most people on this board would be considered statistical outliers (when it comes to hearing about all the AA from Barclays), but I'm not sure what the Barclays appeal is - from what I see posted on here I would consider them to be a subprime lender. Other than recon opportunities and 0% interest offers when purchasing Apple products, do they have any other redeeming qualities?

Re: Barclay CLD

CS800 — Thu, 28 Jun 2012 18:14:51 GMT

This made me paranoid. So logged on to my account and it was still there ..whewwww.

I have a $10K CL so I guess nothing is really guaranteed with Barclays.

Re: Barclay CLD

RockinRay — Thu, 28 Jun 2012 18:17:15 GMT

I am going to pay my car insurance bill on my iTunes Visa in early July so I make the points for the $25 iTunes card. Once this happens, I am going to close them down. Do not need them at this point in my life.

They served their purpose in the past, and they are nice people to talk to on the phone. But low limits ($3k) and high APR tells me I do not need them any longer.

Re: Barclay CLD

CS800 — Thu, 28 Jun 2012 19:02:48 GMT

It seems like once you pay your balance to $0 is when they CLD you. So I guess i will be taking my sweet time paying down the $1500 balance I have.

Re: Barclay CLD

Repo-ed — Thu, 28 Jun 2012 19:12:38 GMT

@CS800 wrote:
It seems like once you pay your balance to $0 is when they CLD you. So I guess i will be taking my sweet time paying down the $1500 balance I have.

Glad I used it yesterday for my motorcycle shop bill!!!

Re: Barclay CLD

RockinRay — Thu, 28 Jun 2012 19:30:11 GMT

@CS800 wrote:
It seems like once you pay your balance to $0 is when they CLD you. So I guess i will be taking my sweet time paying down the $1500 balance I have.

What is your APR? Are you in a 0 percent offer right now?

Re: Barclay CLD

CS800 — Thu, 28 Jun 2012 19:43:04 GMT

@RockinRay wrote:
@CS800 wrote:
It seems like once you pay your balance to $0 is when they CLD you. So I guess i will be taking my sweet time paying down the $1500 balance I have.
What is your APR? Are you in a 0 percent offer right now?

Oh yes, i bought a macbook pro with the 0 financing. So i have till december to pay it off without any APR

After the promotion it's 19.99%

i was going to pay it off in September

Re: Barclay CLD

mxp114 — Thu, 28 Jun 2012 20:09:47 GMT

I'm so glad I dumped Barclays last fall after getting approved. Much better lenders out there and nicer cards too. I just hope that they aren't the selected issuer of a new Delta SkyMiles Visa or MC after the AmEx agreement ends >_<