topic Re: Apple Barclay - approved for too little in Credit Cards

Apple Barclay - approved for too little

MuadDib — Wed, 24 Oct 2012 19:39:41 GMT

I was just approved for an Apple card in the amount of $2000. I was planning a rMBP purchase totalling just over $3200. I called and asked for an increase and after asking me about my salary and about an unpaid account I have with HSBC from 2007, he denied me saying that the 2 other cards I have (secured cards from CUs) are only $2000 each so they could not extend an offer above that amount. He also gave the reasoning that they are too new (one is 1 year old and the other about 7 months).

My utilization is currently about 10% if the account I paid off last night is reflecting that already. If not, it may be closer to 30%. But he did not mention my utilization at all. Just the old HSBC account, my current lines being $2k, and how new the current lines were. He did aknowledge I've been doing well with the current lines. I failed to see if he would tell me what my TU score is. I know my Experian score is 609 right now.

Perhaps he didn't like my answer that I was "in the process of determing how best to address the outsanding HSBC account"??

I think I've seen others say keep calling until you get the answer you like. What do you guys think? Should I call back again and hope for a better answer? Perhaps I should point out that I have plenty of cash in the bank to pay in full, I just prefer to use the 0% interest for 12 months. I'm really trying to expand the amount of credit I have so that my utilization stays low.

I'm new to all this, so please forgive any mistakes or bad etiquette on my part.

Re: Apple Barclay - approved for too little

Anonymous — Wed, 24 Oct 2012 19:40:57 GMT

Congrats on your approval

Re: Apple Barclay - approved for too little

MuadDib — Wed, 24 Oct 2012 19:45:19 GMT

Thanks! I need to not pass over the fact that this is the first non-secured card I've had in many years. Feels good to start getting back on track.

Re: Apple Barclay - approved for too little

afbar1114 — Wed, 24 Oct 2012 19:46:42 GMT

congrats have you looked at the 13" rMBP? its only $1699 and $500 cheaper then 15"

Re: Apple Barclay - approved for too little

wallyworld123 — Wed, 24 Oct 2012 19:47:29 GMT

Congrats just take it one step at a time.

Re: Apple Barclay - approved for too little

MuadDib — Wed, 24 Oct 2012 19:48:26 GMT

Yes, but part of my focus is to get a larger screen than I have now for photo editing. I'm finding the 13" screen on my Vaio is just too difficult to edit on when sitting in a coffee shop or similar.

Re: Apple Barclay - approved for too little

afbar1114 — Wed, 24 Oct 2012 19:57:13 GMT

i understand what your saying but also note that it does have a higher screen reslountion so you will be getting much need screen space as well in a sense but not compared to a 15"

Re: Apple Barclay - approved for too little

MuadDib — Thu, 25 Oct 2012 00:45:10 GMT

Anybody else have any input on requesting an increase?

Re: Apple Barclay - approved for too little

afbar1114 — Thu, 25 Oct 2012 01:01:38 GMT

barclays is very set on once they make up their minds thats it its set instone. i tried getting one and during my recon they said once they make a chocie thats it.

Re: Apple Barclay - approved for too little

AndySoCal — Thu, 25 Oct 2012 01:19:25 GMT

I would do the following

1) Resolve the HSBC account

2) Keep your util low 10% or less

3) Wait at least six months before asking for increase. A possible concern Barcley is having is you have opened three new credit accounts within a year. The possible concern is why is this consumer needing that much credit and now asking for more. Presuming a consumer applies only for the credit they need the why does this consumer need so much new credit could be a concern.The wait will bring the secure cards over a year and you able to extablish a payment history with them.

Re: Apple Barclay - approved for too little

kimmiller112 — Thu, 25 Oct 2012 01:39:48 GMT

You are either going to have to wait six months and try for a CLI at that point or finance part of it, using a debit card or another credit card for the the rest. The nice thing about Apple is that you can use multiple sources for payment.

Re: Apple Barclay - approved for too little

vish1 — Thu, 25 Oct 2012 02:08:18 GMT

@MuadDib wrote:
Anybody else have any input on requesting an increase?

Barclay--- As conservative as they are, I will be really surprised if you could find a way to get a CL increase. The approval itself with 3 cards in a year is a great thing.

For atleast 6 months now, don't apply any new credit, or you may actually risk a Barclay recall.

Re: Apple Barclay - approved for too little

TheConductor — Thu, 25 Oct 2012 15:27:05 GMT

They did exactly the same for me...asked for $4300, got $2000.

I told the guy on recon line "I'll just put the whole laptop on debit if you guys prefer it that way; ability to pay is not an issue here." And he said "Good for you, your limit is still $2000."

Considering my highest other limit at the time was $500, I still chalked it up as a win.

As noted above, you can always finance part of the rMBP, or do what I did....buy it cash, and then use the Apple Visa to 0% finance a new iPad.

Re: Apple Barclay - approved for too little

jsickz32 — Thu, 25 Oct 2012 15:31:31 GMT

Same with me i was only approved for 1300 so i paid 1300 with the apple card and paid cash the rest.

Re: Apple Barclay - approved for too little

nicholasyud — Thu, 25 Oct 2012 15:39:32 GMT

Try one more time and ask for supervisor if needed

stay with it and go with what you had if they turned you down Again.

Maybe the charge off freak them out.

GOOD LUCK !!!!!!!!

Re: Apple Barclay - approved for too little

MuadDib — Thu, 25 Oct 2012 18:43:04 GMT

$3500

Re: Apple Barclay - approved for too little

injustifiiable — Thu, 25 Oct 2012 18:52:11 GMT

@MuadDib wrote:
$3500

That's cool..it worked out!

Re: Apple Barclay - approved for too little

MuadDib — Thu, 25 Oct 2012 20:11:39 GMT

Yes, this time I got a girl on the line and I just flirted with her a little.

Haha, J/K.

ok, maybe a little.

Edit: Thanks everyone for your input!! Glad some of you were wrongish.

It all boiled down to my convincing her that I was doing a good job of managing my money, being more responsible, and building my credit back up.