BARCLAY CLI what should I ask for

[TheConductor]

---

@DrZoidberg wrote:

Did you pay the balance before or after the CLI request?

---

It sounds like the balance was paid off before the CLI request. But it also sounds like Jad didn't allow enough time for a) the payoff to report to the CRAs, and b) the lender to pull a new report that would reflect that payoff.

---

@Anonymous wrote:

I apped for a CLI 2 weeks ago and was denied due to high balances on cards , now I have only a $3200 cap one and all others PIF , and now my util should be about 8%

---

Two weeks is not enough time for that full roundtrip of information to happen in most circumstances, unless you just get super-lucky with your timing.

Many lenders will only pull one report a month on existing accounts. If you ask for a CLI, they may just refer to that report which is up to 30 days old instead of pulling a new one.

On top of that, it may be up to a month before they actually report your new paid off balance to the CRAs.

You waited 2 weeks after the payoff, but the information they were looking at to make their decision most likely still showed you with the high balances they had taken as reason to deny you 2 weeks earlier. In their eyes, it is likely that nothing had changed since your last request.

Even if you verified that the new balances were on your CRA reports, that unfortunately doesn't necessarily mean that Barclay had pulled that report yet.

When it comes to credit, patience is always a virtue. Had you waited 2 months instead of 2 weeks, the result could well have been different.

Don't write them off yet. Wait a while, and ask again. 

[Anonymous]

I am still new to all of this and appreciate your time and answers to helping me understand all this mumbo jumbo . I just figured if they looked in their system they would see that the balance was paid off .

[Anonymous]

 Hello everyone,

Let me share with you my experience with Barclay.

The first time I applied, it was a year after my bankruptcy due to divorce and they denied me even though I had two new accounts with capital one. One year later, they approved me.  And they gave me an increase every six months three times in a row. I applied for the Apple Rewards visa and they gave it to me with a high credit line almost $10,000. When I applied for the third card "Ringcard" at 8% Apr,  they said they need time to review the application. So I called the recon number, and they said they've already given me the maximum they can give someone with a BK even though it was almost 4 years ago and they didn't want to be the one with the highest credit limit. I accepted that but they offered me to move some of my credit line from other cards and open the new ring card and I accepted that, but from that point on, they stopped giving me any credit line increases. I personally think they will increase your credit line every six months if they feel you're not a high risk. Let the card age, and keep other cards from other creditors below 30% ulitlization and eventually they will increase on their own.

[Simply827]

I think you should have just waited a bit longer. CLIs for my AA card came on the 7th and 13th statements. 

[Anonymous]

Never heard of "Barklay" before. Barclaycard? 😀

[SouthJamaica]

---

@Anonymous wrote:

I am still new to all of this and appreciate your time and answers to helping me understand all this mumbo jumbo . I just figured if they looked in their system they would see that the balance was paid off .

---

My advice is

1. just stay out of their way and pay your bills quickly

2. if you want to get a CLI, keep your average balance between 20% and 35%; as far as CLI's are concerned, Barclays doesn't like high usage or low usage, they like this "sweet spot" between 20 and 35%

3. don't pull the luv button, don't call them, don't do anything

4. when they're ready to give you a CLI they'll just do it by auto CLI; sometimes they do it even quicker than 6 months if they like what they see

[Shooting-For-800]

Barklay is weird.  

Had a Visa rewards for over year.  Started credit line $1300 current $1300.

Used off and on - paid off in full.  No CLI.

Opened an NFL card. Started credit line $500.  Not happy since I have $10k siggys.

Never used card for more than $25 to keep active.

Few months later, CLI from 500 to 2000!

Makes no sense.

[Anonymous]

I will use it sparingly and see what happens

[TheConductor]

---

@Anonymous wrote:

I am still new to all of this and appreciate your time and answers to helping me understand all this mumbo jumbo . I just figured if they looked in their system they would see that the balance was paid off .

---

Ah, so the only balance you paid off was with Barclay? None at other lenders?

Even so, a lender will often score you based on what is on the most recently-pulled report, even if their internal; system has more up-to-date information.

This little fact can be maddening for us borrowers..."Hey, if you have newer information, why the heck don't you use it?!?"

It's just one of those things where the lending world is not always rational from the consumer's perspective.  It is what it is. 

[Anonymous]

Paid off all cards except a cap one with balance of $3200 , So i paid about 6K in debt in last 3 days