barclays recently approved me for a Rewards.... So i decided to apply for the Apple Rewards and was approved for 2k.
I have a question though, I read somewhere on here that i could transfer that CL to my other Barclays account. Both are 2k. is this true? is there a waiting period before i can transfer that limit to my other Barclays account? Is this a smart thing to do? I am a Apple person but i already have a Mac and Iphone so dont see any other Apple purchases in the near future BUT you never know.
Congrats on the approval! But...I'm wondering why you got it if you just want to transfer the credit limit over to another card? IMO, the Apple card only seems worth it for the special financing on Apple products. Barclays is tough to get in with as well, so I'd be picky about which cards I got through them.
You can always call them down the road and see if they will put the 0% financing back on and it seems like they usually will, if you need the financing of course.
Why did you app for it, if you weren't planning on using the special financing (Apple)?
Just wondering. We're you just try to increase your rewards limit?
wowww you inspired i have approved for rewards card, i used apple product is all i have i apply WOW 2K APPROVED thank men
I jus talked to them today because i am in the same situation as you are. Got a $1500 Rewards card and a $2K Apple card both 7 months old. I am doing the same thing. I will close Rewards card and move the limit to Apple card. I just called them and asked them today and the CSR said i could certainly do it provided that one of the account is at 0 balance. Why do i want to do this? Barclays is very conservative in general with cli's. I did run $10K thru my Rewards card which has $1500 limit in less than 3 months, and about $13K on apple card which has only $2K limit and paid it off all before statement. Than kept using them but just not as heavy. Come 6 months, no auto cli, 7 months, no auto cli. No apr reductions, nothing. So i will close one card, move the limit to the other, and have one $3500 card instead of 2 cards. Put a $10 monthly charge on it and throw it in the sock drawer. It will help raise the avarage limit on my cards, and i get to keep the 7 months on time payment history for 10 more years. You can do the same, as far as the time frame, i dont think there is any limit but i would at least keep them both open for a few months before i do the CL transfer. This way it does not start reporting as "Closed Account" to the credit bureaus. You can even wait for 6 months and get a cli on both cards and then combine them for a bigger limit. There is no annual fee, so if you are approved make the best out of it.