The BarclayCard CLI Soft Pull thread

[Bpearl2010]

This is a very informative thread. Subscribed. For my future call to barclay for APR reduction and hopefully CLI with SP

[masscredit]

I know many don't really care about the APR when they call but has anyone received a decent APR reduction? It seems like most are either no change or it goes down by 1%. 

[Santi78342]

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@masscredit wrote:

I know many don't really care about the APR when they call but has anyone received a decent APR reduction? It seems like most are either no change or it goes down by 1%. 

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I went from 22.99 to 16.99.

[Scupra]

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@masscredit wrote:

I know many don't really care about the APR when they call but has anyone received a decent APR reduction? It seems like most are either no change or it goes down by 1%. 

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I went from 18.99 to 14.99

[SecretAzure]

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@masscredit wrote:

I know many don't really care about the APR when they call but has anyone received a decent APR reduction? It seems like most are either no change or it goes down by 1%. 

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It's a lot of pages to sift through by as shown by the above 2 posters, it makes a noticeable difference for some.

-=YMMV=-

[IFtkkdx428]

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@IFtkkdx428 wrote:

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@IFtkkdx428 wrote:

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@IFtkkdx428 wrote:

I called last week after reading this thread. I called the number on the back of the card. Spoke to a representative and asked, "I was wondering if I could have an APR reduction?" She put me on hold and I was expecting to be transferred to a "Retentions" Just under a minute she replied, "You are still currently in the 0% interest period and I would wait until this ends. Once this period ends you can call back and ask for a reduction." I said, "Thank you, do you know when this period ends? Also, what will the APR be when it does end?" She replied, "It ends on July 10th and will be at 22.99% APR." She asked, "Is there anything else I can help you with?" I asked, "Is there an offer for a SP CLI?" She said, "I would wait until you call back for the APR reduction." I figured she would turn me down for both, especially the SP CLI (the main reason I called) because she was a representative and didn't transfer me to "Retentions." I suppose I will give it another shot around the middle of July and see what happens. I will be back to update in a month or so!

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Update: It's been about a month since I've called, and I haven't forgotten of course. I had originally planned to call for the APR reduction and CLI on July 10th. However, I have done a little research and have seen others in the myFICO community mention an automatic CLI and/or APR reduction on the 12th statement. So, I plan to tack on a few extra days to see if I could receive the same. I know this isn't promised, but I think I should be patient in this case. The Barclay Sallie Mae is the most used in the portfolio. I have spent $5,000 on the card since I've had it, which is actually quite a bit considering I made $19,000 last year. This averages at about $400 per month, which puts it at 20% UTL per month. Heck, one month I put a $1,000 through the card or 50% UTL. So, I hope that Barclay's notices that I not only put a lot of spend on this card, but also PIF every month. This is of course considering I have had a 12 month 0% APR promotion, that hopefully they will notice that I haven't taken advantage of (if this motivates them). So, I'll wait it out a few days. If I don't hear/see anything, then I'll give them a call. So, be on the lookout for a update on or around July 10th! 

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Update: The statement cut on July 10th and did not receive an automatic CLI. I'm extremely busy this week, so I'm unsure of when I will be able to call. Could be this week, could be next week. Time wise, I prefer call at a time where I can be on the phone for 30 minutes or more and be unaffected. Barclay's is typically very good when it comes to this compared to other CCCs. However, I don't have a lot of time on my hands this week during 9 AM - 5 PM (when the correct dept. is in operation) and I want to be sure it doesn't run into other things. It'll most likely be spontaneous. I might call during a lunch break if I'm feeling extra spontaneous, but I'd much rather not be on the phone during this time. We will see, I'll update once I get off the phone. Hopefully, I will return with good news. 

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Update: I called today because I had an open window of time. Like I had originally thought, the call was short with Barclay's prompt customer service. Unfortunately, the Relationship Manager said that the current 22.99% APR is the best that Barclay can offer me. She said something like, "...Barclay reviews your acct. periodically..." and that "...you may have offers in the future..." She also said, "I would recommend you call back in a month or two and check to see if we have any offers." I told her that I understand and that's fine. I asked if there was a CLI available. She gave me the whole 'spiel' that it would be a HP and 'yada yada yada'. I kindly told her no thank you and that I appreciate her time. 

I know Barclay doesn't like new accts., I'm well aware of this. In fact, I wouldn't be surprised at all if this was a contributing factor here. I've had the Barclay Sallie Mae for 1 year and since than I have added 4 new accts. I understand their hesitation completely and I'm not at all upset. I thought about talking to her about how it's the most used card in the portfolio, but I figured Barclay doesn't care. Maybe next time I will talk to them about what might be the reasoning that they're unable to lower the APR or extend more credit. Is it too many new accts., not enough income, need more history with lender, etc.? If new accts. are the factor, then it will be quite a while before I fit this criteria as I plan to acquire a couple more cards that I have been 'eye balling' for a while. I almost have every card I want, but I'm not there yet.

Anyhow, I will quit rambling on. I'll do what she said and call back in a month. Expect an update on or after August 15th.

[AzaleaB]

Awesome thread, thanks for sharing this info. I finally decided to try for the SP CLI since I have never received an auto CLI on my  Arrival+  -  my only CC I have that has not grown at all and is now one of my lowest imits.

Arrival+ - opened 2/13, CL 6300 (includes CL transfer from an older Rewards card that was closed)

Lots of spend but never an auto CLI (on either card).

Just called number on card and asked if there was an offer for an APR reduction. Transferred to another office.:

APR offer- reduced from 11.99% to 10.99% (not that important since I PIF)

SP CLI offer  CLI  +3K - total CL 9300  - other limits much higher but happy to see some progress on this CC.

[morgacj2004]

called recon line yesterday for CLI on Arrivals card. Hard pull. Was declined due to recent excessive Inquiries. 

[SecretAzure]

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@morgacj2004 wrote:

called recon line yesterday for CLI on Arrivals card. Hard pull. Was declined due to recent excessive Inquiries. 

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For the soft pull CLI you need to call regular CSR, not recon. Recon is not aware of the APR decreases or CLI with soft pulls.

[Anonymous]

Called in to Barclay today and inquired about APR reduction. They transferred me to specialist who took me from 24.99 to 20.99. (score 605 when approved, 700 now.)

I asked about a SP CLI and she said I did not have an offer (only had the card for 4 months) but to call back. Every other time I have asked about the mythical SP CLI, I have been adamently informed that IT DOES NOT EXIST. I wanted to ask for her direct number! She said to call back next month.

So my question is, how long did you have the card before receiving a SP CLI? I am hoping I get some auto luv @ 6 or 7 months but I think my profile supports a hefty increase from the measly $250 I was granted w/ 4 months history and only one other card. ($200 secured Discover IT) I would just rather not waste a HP getting there, especially with my Venture on its way.

Thanks yall!