topic Re: Question for Barclay's Arrival cardmembers in Credit Cards

Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 18:31:05 GMT

I have my eyes on the Barclay's Arrival MC.

Curious to know what people's credit profiles were when they were approved.

I currently have a 730 TU (from what I hear that is what they pull in CA). One INQ from 12/2011. Three new accounts opened in 06/2013 (two AMEX and one Citi). I keep UTL low (<10%). Looking to app in Oct-Dec 2013.

Thanks in advance for your feedback.

Re: Question for Barclay's Arrival cardmembers

Anonymous — Thu, 11 Jul 2013 18:32:47 GMT

I think you should be fine. Best of luck!
By the way, if your utilization is already low, why not app now? There's rumors about the 40k miles offer going away.

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 18:38:07 GMT

Really? Thanks for that heads up.

I may just do that. AMEX hasn't hit my CR yet. Thinking I want them on there first before I app for Barclay.

AMEX Delta has $9,500 CL, Citi has $6K and WF has $2K. I'm thinking that my CL from Barclay (if approved) would be higher if they see the 9.5K from AMEX.

Re: Question for Barclay's Arrival cardmembers

rob022574 — Thu, 11 Jul 2013 18:41:20 GMT

I was approved for $3000 with a 674 TU and a paid judgement showing (6 percent UTI). I tried to recon to $5k to make it a World MC but they wouldn't budge.

I think you should be good to go.

Re: Question for Barclay's Arrival cardmembers

Anonymous — Thu, 11 Jul 2013 18:42:39 GMT

Barclays is very sensitive to recent inquiries and new accounts. It's best to do it either before the new account reports, or to just wait for the new account to age for 6 months or so. There's a chance they will give you a lower CL as opposed to matching Amex when they see a brand new account reporting.

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 18:45:21 GMT

Good feedback. Pehaps now is the time to app.

Enharu: do you think the fact that my Citi (6K) is reporting new may be a challenge?

Re: Question for Barclay's Arrival cardmembers

Anonymous — Thu, 11 Jul 2013 18:51:24 GMT

It depends. How long is your credit history? If your credit history is relatively long, they probably will be willing to overlook 1-2 new accounts. Some people were able to get approved even with several new accounts reporting because it also depends on many other factors as well (credit history, income, etc).

On the other hand there are people who got declined because of "new" account(s) opened 2-5months ago.

However with the way Barclays is, you might be shortchanging yourself with a lower CL.

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 19:00:00 GMT

As of today oldest account is 10Y 9Mo, AAoA is 3Y 3Mo. I'm an accountant and have good income, very low DTI.

Plus, the 40K bonus is VERY attractive to me. I'm going to Costa Rica in December and can easily make the spending requirement when I pay the balane to the travel co.

Re: Question for Barclay's Arrival cardmembers

Anonymous — Thu, 11 Jul 2013 18:59:02 GMT

I would say just go for it you should be fine

Re: Question for Barclay's Arrival cardmembers

dodgerslv — Thu, 11 Jul 2013 19:02:38 GMT

I was instantly approved for 5k despite 8 new accounts this year (7 already reported) and 6 INQ on TU but 5 in the last 3 months. I was actually surprised it was instant approval. My utilization is at 6% at time of approval with a small paid utility collection and 2 chargeoffs from 2007 and 2 lates from a student loan back in 2008. My AAoA on TU is about 2.5 years.

Re: Question for Barclay's Arrival cardmembers

lg8302ch — Thu, 11 Jul 2013 19:02:31 GMT

@Anonymous wrote:
I would say just go for it you should be fine

From my own personal experience with Barclays I would agree with enharu and vote to go for it now - Good luck

Re: Question for Barclay's Arrival cardmembers

dodgerslv — Thu, 11 Jul 2013 19:03:22 GMT

@lg8302ch wrote:
@Anonymous wrote:
I would say just go for it you should be fine
From my own personal experience with Barclays I would agree with enharu and vote to go for it now - Good luck

+1...keep us posted on resutls!

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 19:10:18 GMT

I DID IT!

Instant approval for $5K!

Thanks everyone. I am looking forward to this card!

Re: Question for Barclay's Arrival cardmembers

dodgerslv — Thu, 11 Jul 2013 19:13:19 GMT

@lhcole77 wrote:
I DID IT!

Instant approval for $5K!

Thanks everyone. I am looking forward to this card!

Yay! congrats!

Re: Question for Barclay's Arrival cardmembers

09Lexie — Thu, 11 Jul 2013 19:14:09 GMT

Congrats!

Re: Question for Barclay's Arrival cardmembers

rob022574 — Thu, 11 Jul 2013 19:18:39 GMT

I had one inquiry when I was approved and had just been approved for a $5k Chase United MileagePlus Explorer and a $1k Jet Blue Amex that had not reported.

You should get a good limit and an approval in my eyes.

<<<CONGRATS!!!>>>

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 19:33:27 GMT

Thanks, everyone!

I'm a little surprised that my APR after the promo is 18.99 (and not 14.99). Oh well.

Re: Question for Barclay's Arrival cardmembers

rob022574 — Thu, 11 Jul 2013 20:16:38 GMT

I was given the same interest rate as you were.

Re: Question for Barclay's Arrival cardmembers

Anonymous — Thu, 11 Jul 2013 20:57:10 GMT

After the promo period is over, you can call them to try get the apr adjusted. Usually lenders are somewhat flexible about that as long as the account is in good standing.

Grats on the approval!

Re: Question for Barclay's Arrival cardmembers

lhcole77 — Thu, 11 Jul 2013 22:34:18 GMT

Thanks for info ALL!

enharu: did you get approved at 8K or have you received CLIs?

P.S. thanks for the suggestion about the APR call after promo period.