Barclays Hates Me

Anonymous · ‎04-15-2016

...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh

Anonymous · ‎04-15-2016

@Anonymous wrote:
...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh

Barclays doesn't hate you, they decided not to extend you any additional credit. You say you can't figure out why they denied but they told you why on recon. They want to see you have more established credit. From your signature you have added the BlisPay and the Marvel CC which haven't even reported yet, so your AAoA is going to be even lower. You list your income but that is a very small factor in determining whether they'll grant more credit. Take it as a sign that it's time to take a break from new cards and let the ones you have age for some time.

TRC_WA · ‎04-15-2016

@Anonymous wrote:
. Take it as a sign that it's time to take a break from new cards and let the ones you have age for some time.

Yep... No new apps or accounts in over a year now.

On a side note, Barclays likes to see history... and with their cards is even better.

I got approved for Sallie Mae in late 2014 with a TU score in the 660's... because I had nearly 2 years history with their Apple card.

FICO8 current as of : 10-20-25 EQ: 736 TU: 728 EX: 722
Hard INQs last 12 months: EQ: 0 | TU: 0 | EX: 0
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 31% --- AAoA: 6.5 years --- Income: $200k
Last app: 4-6-24

Anonymous · ‎04-15-2016

@Anonymous wrote:
@Anonymous wrote:
...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh
Barclays doesn't hate you, they decided not to extend you any additional credit. You say you can't figure out why they denied but they told you why on recon. They want to see you have more established credit. From your signature you have added the BlisPay and the Marvel CC which haven't even reported yet, so your AAoA is going to be even lower. You list your income but that is a very small factor in determining whether they'll grant more credit. Take it as a sign that it's time to take a break from new cards and let the ones you have age for some time.

Well said! This is excellent advice OP. I hope you take it.

Anonymous · ‎04-15-2016

@Anonymous wrote:
@Anonymous wrote:
...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh
Barclays doesn't hate you, they decided not to extend you any additional credit. You say you can't figure out why they denied but they told you why on recon. They want to see you have more established credit. From your signature you have added the BlisPay and the Marvel CC which haven't even reported yet, so your AAoA is going to be even lower. You list your income but that is a very small factor in determining whether they'll grant more credit. Take it as a sign that it's time to take a break from new cards and let the ones you have age for some time.

Well said. Just give it time.

Anonymous · ‎04-15-2016

Barclays hates me too. In spite of the fact that I only use my cards for bonus categories and interest free balance transfer checks and they've never made a nickel in interest from me, they just won't give me a CLI.

JSS3 · ‎04-16-2016

I was denied at first. Then they sent a preapproval a year later which I was instantly approved for @1500. Recon'd to 3,000.

Officer737 · ‎04-16-2016

@Anonymous wrote:
@Anonymous wrote:
...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh
Barclays doesn't hate you, they decided not to extend you any additional credit. You say you can't figure out why they denied but they told you why on recon. They want to see you have more established credit. From your signature you have added the BlisPay and the Marvel CC which haven't even reported yet, so your AAoA is going to be even lower. You list your income but that is a very small factor in determining whether they'll grant more credit. Take it as a sign that it's time to take a break from new cards and let the ones you have age for some time.

Nailed it!

Sharingan · ‎04-16-2016

@Anonymous wrote:
...and I cant figure out why. App'ed for the Carnival Mastercard by Barclays last night (cruising in Sept, and the rewards used towards on-board credit is appealing). Denied. Called in for a recon - and was told my 1 year AAoA is insufficent. Nothing bad on my reports, 699 TU score. $120k annual income. /sigh

I wouldn't be too upset. The big elephant in the room is that the Carnival MasterCard isn't even a good card for the purpose you have in mind, especially since you currently have a Citi Double Cash card and a Blispay card (according to your signature), and they are absolutely capable of crushing the Carnival MasterCard in rewards. If I can recall correctly, the Carnival MasterCard is 2x points per dollar on Carnival purchases and 1x points on non-Carnival purchases, which are often valued at less than 1 cent a piece. The Double Cash/Blispay cards are 2% back on anything that can be charged as a purchase to the card. If you anticipate FTF, you appear to have a QS available. While it is true that the Carnival card has a small sign up bonus, I wouldn't let the decline bother me too much when you already have better cards for this intended purpose in your possession.