topic When to app for Barclays rewards card in Rebuilding Your Credit

When to app for Barclays rewards card

Anonymous — Tue, 24 May 2016 20:05:04 GMT

Scores are likely to jump to the low 630s (or higher) in the next month with no collections. Do you think it would be a good chance of an approval for the Barclays rewards "fair" card?

Re: When to app for Barclays rewards card

JayTee1 — Tue, 24 May 2016 20:24:04 GMT

I just checked, and my TU score was 597 when I got that card. I think I even had more derogatory items on my reports than I do now. Nobody can guarantee it, but I'd guess in the 630s, you'd be fine.

Re: When to app for Barclays rewards card

Anonymous — Tue, 24 May 2016 21:40:15 GMT

@Anonymous wrote:
Scores are likely to jump to the low 630s (or higher) in the next month with no collections. Do you think it would be a good chance of an approval for the Barclays rewards "fair" card?

Depends on how much recent history you have. Barclays likes to see at least 1.5 to 2 years of recent payment history one at least two revolving accounts.

Re: When to app for Barclays rewards card

JustinA — Tue, 24 May 2016 22:07:07 GMT

Here's what was brought up in my failed recon

They pulled TU

Inquiry sensitive in last 6 months

New account sensitive in last 6 months...they want to see a responsible history on new accounts.

Asked about a 2011 charge off that's paid in full.

Sooo take it for what it's worth...I'd get closer to 640s with few to none inquiry.

Re: When to app for Barclays rewards card

JayTee1 — Tue, 24 May 2016 22:57:28 GMT

I forgot to mention. I was specifically told by a credit analyst at Barclay that they are "not a FICO lender", whatever that means. They may use their own internal scoring model, so your score may not matter much actually.

Re: When to app for Barclays rewards card

RonM21 — Wed, 25 May 2016 00:08:55 GMT

YMMV, but I'm pretty sure I got my first card with them with like a 595 score.

Re: When to app for Barclays rewards card

fltireguy — Wed, 25 May 2016 02:58:59 GMT

Data points:

I was approved instantly online with a 622 TU, 6 year old BK13, Dismissed. One semi recent baddie. 26 Inq., 16 in last 6 months. 6 new accounts. Hope that helps, my SL was $1000

@JustinA wrote:
Here's what was brought up in my failed recon

They pulled TU

Inquiry sensitive in last 6 months

New account sensitive in last 6 months...they want to see a responsible history on new accounts.

Asked about a 2011 charge off that's paid in full.

Sooo take it for what it's worth...I'd get closer to 640s with few to none inquiry.