topic Re: What current cards do you have, what are their limits? wh... in Credit Cards

Should I app Barclaycard Arrival World MC with thin file?

Anonymous — Fri, 07 Feb 2014 22:27:58 GMT

Hi, guys,

TU just deleted the last derog on my credit report – a paid federal tax lien that the IRS withdrew. I now have a clean but thin file with: one car loan just paid off; one new car loan reporting one month (DCU); one DCU visa (reporting one month); one Cap1secured card reporting since November. My oldest credit account is four years old – that’s the car loan I just paid off. I had another positive older car loan that was reporting well but just aged off. With these stats, could I expect to be approved for Barclay’s Arrival World MC? I really like the card because I travel a lot, the rewards look great and it has 0% APR for the first year. No other rewards travel card looks that good. Do you think I should give it a try? I haven’t pulled my TU Fico, but it was 649 back in November so I imagine it would be a lot higher now. My EQ Fico is 684. And I have three inquiries on TU. Before I came to CB, I apped Barclay in November for their average credit card and was declined. It was dumb of me because I had the lien AND a paid judgement on my report and no positive revolving credit. Since they’re so conservative, it is worth it to me to try it this early on in my rebuilding? If you think it’s too much of a long shot, can you suggest a better option to earn travel rewards. Thanks so much!

Re: Should I app Barclaycard Arrival World MC with thin file?

TeamPunishment — Fri, 07 Feb 2014 22:33:03 GMT

What current cards do you have, what are their limits? whats your income? You need to pull your TU and see what your score is, also need to determine AAOA just do it through credit karma, should give you a general idea of what it is.

What current cards do you have, what are their limits? wh...

TeamPunishment — Fri, 07 Feb 2014 22:33:26 GMT

Re: What current cards do you have, what are their limits? wh...

Anonymous — Fri, 07 Feb 2014 22:50:15 GMT

I have a DCU Visa unsecured credit card, $7500 limit. Reporting for one month.

One Cap1 MC secured credit card, $350 limit, reporting for three months.

AAoA is 1 year.

Income is 57K.

Thanks!

Re: What current cards do you have, what are their limits? wh...

emptypockets — Fri, 07 Feb 2014 22:59:14 GMT

I would think it may be a longshot, until you have at least a few months longer of history with your recenly opened cards. Your history is somewhat short, and you have not had the recently opened cards for long. This is one of Barclay's better card offerings, and they seem to be a little more picky when approving.

They denied me last week (see scores in my signature) with AAoA of 4.5 years. I have several cards with higher (15-20k) limits, as well as a open card with Barclay, since 2009. To be fair, I recently opened 3 accounts. On re-con, I was told that they need to see "some history" with the newly opened cards before they would approve me. Thye defined "seeing some history" as at least 3 months.

Re: What current cards do you have, what are their limits? wh...

lexrjSD — Fri, 07 Feb 2014 23:07:03 GMT

@emptypockets wrote:
I would think it may be a longshot, until you have at least a few months longer of history with your recenly opened cards. Your history is somewhat short, and you have not had the recently opened cards for long. This is one of Barclay's better card offerings, and they seem to be a little more picky when approving.

They denied me last week (see scores in my signature) with AAoA of 4.5 years. I have several cards with higher (15-20k) limits, as well as a open card with Barclay, since 2009. To be fair, I recently opened 3 accounts. On re-con, I was told that they need to see "some history" with the newly opened cards before they would approve me. Thye defined "seeing some history" as at least 3 months.

They might give you the platinum one (no AF version). I'd personally would wait, I dont see a point of getting a card that it's not even the one you want or need.

Re: What current cards do you have, what are their limits? wh...

TeamPunishment — Fri, 07 Feb 2014 23:13:40 GMT

Really this is a strong YMMV!!!!! I applied last night and was approved, but its not the "world" card, still has an AF of $89.00 and a CL of $3,000.00. If you're feeling lucky, pull the trigger. If you get denied, study the reasons you are denied and capitalize on it.

Re: What current cards do you have, what are their limits? wh...

efranklin23 — Fri, 07 Feb 2014 23:20:30 GMT

@lexrjSD wrote:
@emptypockets wrote:
I would think it may be a longshot, until you have at least a few months longer of history with your recenly opened cards. Your history is somewhat short, and you have not had the recently opened cards for long. This is one of Barclay's better card offerings, and they seem to be a little more picky when approving.

They denied me last week (see scores in my signature) with AAoA of 4.5 years. I have several cards with higher (15-20k) limits, as well as a open card with Barclay, since 2009. To be fair, I recently opened 3 accounts. On re-con, I was told that they need to see "some history" with the newly opened cards before they would approve me. Thye defined "seeing some history" as at least 3 months.

+1

They might give you the platinum one (no AF version). I'd personally would wait, I dont see a point of getting a card that it's not even the one you want or need.

+2 You need more of a portfolio and scores seem to be a little more on the low end. The good news is that you have a decnet CC that can help you but they need to see than that. Garden a few more months and then try again.

Re: What current cards do you have, what are their limits? wh...

Kenny — Fri, 07 Feb 2014 23:24:40 GMT

I wouldn't recommend it. Build your history, credit limits with other tradelines, and when you don't think you have a thin file then you can app.

Good luck and best of patience to you!

Re: What current cards do you have, what are their limits? wh...

Anonymous — Sat, 08 Feb 2014 06:20:02 GMT

@lexrjSD wrote:
@emptypockets wrote:
I would think it may be a longshot, until you have at least a few months longer of history with your recenly opened cards. Your history is somewhat short, and you have not had the recently opened cards for long. This is one of Barclay's better card offerings, and they seem to be a little more picky when approving.

They denied me last week (see scores in my signature) with AAoA of 4.5 years. I have several cards with higher (15-20k) limits, as well as a open card with Barclay, since 2009. To be fair, I recently opened 3 accounts. On re-con, I was told that they need to see "some history" with the newly opened cards before they would approve me. Thye defined "seeing some history" as at least 3 months.

+1

They might give you the platinum one (no AF version). I'd personally would wait, I dont see a point of getting a card that it's not even the one you want or need.

Also agree based on my experience with Barclay. You have a decent account with DCU that should help you out down the road with its history. Take care of it and you'll be ready soon.

Re: Should I app Barclaycard Arrival World MC with thin file?

baller4life — Sat, 08 Feb 2014 10:14:34 GMT

Re: Should I app Barclaycard Arrival World MC with thin file?

ztnjpv — Sat, 08 Feb 2014 12:49:31 GMT

OP,

Too soon for Arrival Card. Too risky. Aim for something easier. If you are going to take an inquiry at this point in your credit-repair journey, I would do the following:

1. See how your inquiries are showing on your 3 reports.

2. Try to pick a card that will pull the one with the fewest inquiries if possible.

3. Pick a rewards card that is friendlier to newer users, thinner files and fair scores....like Freedom or Discover IT

Re: Should I app Barclaycard Arrival World MC with thin file?

surfnspy — Sat, 08 Feb 2014 15:24:47 GMT

Not sure if this helps but, even though Barclays is known for pulling TU, they did pull EX on me even after approval.

Re: Should I app Barclaycard Arrival World MC with thin file?

Anonymous — Sat, 08 Feb 2014 17:58:59 GMT

Thanks so much, everyone, for your thoughtful responses. I'm going to take your advice and try for something easier to qualify for -- Freedom -- and just Garden that and my DCU Visa until much later this year. Thanks again!