Barclay Strikes again... CLD!

Creditaddict · ‎02-27-2016

My partner has $20k Avaitor and a $25k Avaitor Business.

The personal card has been sitting with zero balance and no use for over 6 months so decided to put a small charge on it to keep it active... Statement cut yesterday with a $27 balance... I log in and CL is $1k!

Awsome Barlcay!

His Fico according to Barclay is 771

We don\'t use it and don't need it, just principle of typical Barlcay policies and procedures without warning or communication.

jbsea · ‎02-27-2016

When I first started this jouney of credit I really wanted a Barclay card. But over time and reading all of this.... This is why I will never get one. I'm so glad everyone post this because I never would have none. But I'm sorry that they did this to you guys.

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Creditaddict · ‎02-27-2016

@jbsea wrote:
When I first started this jouney of credit I really wanted a Barclay card. But over time and reading all of this.... This is why I will never get one. I'm so glad everyone post this because I never would have none. But I'm sorry that they did this to you guys.

I closed mine back about 4 or so months ago after a similar thing... I had gotten a 2nd card, CLI and combined cards and had $5k and it sat for months and months with no use so I took it out for a couple charges, under $50 bucks and when the statement cut they CLD to $1300 I think... They would not reinstate the CL so I closed it.

Will update Monday after he is able to talk to underwriting, if they won't reinstate it will be closed.

Anonymous · ‎02-27-2016

Very sorry this happened, CA. It was an automated computer action and not one of a person, I am sure. Call them up and they may restore the limit.

More and more lenders are unfortunately CLD'ing if the card has not been used at all in a long time. This is happening with increasing frequency, with different lenders, and not just Barclay. It's not profitable to them to keep the card at a high limit if it's not even being used at all. Not nice in any event, but maybe going forward just having a $2 charge each month would help.

Unfortunately, this is definitely not exclusive to Barclay. After hearing of a number of recent (and very large!) Synchrony CLD's due to non-use of card, and Chase, Citi, FNBO and other lenders doing CLD's due to inactivity, I'm going to make sure that a small charge goes on each of mine each month, just as insurance. People reported that Synchrony slashed their limits from 15k down to 1k due to non-use. It's not a Barclay thing.

Anonymous · ‎02-27-2016

@Creditaddict wrote:
My partner has $20k Avaitor and a $25k Avaitor Business.
The personal card has been sitting with zero balance and no use for over 6 months so decided to put a small charge on it to keep it active... Statement cut yesterday with a $27 balance... I log in and CL is $1k!
Awsome Barlcay!
His Fico according to Barclay is 771

We don\'t use it and don't need it, just principle of typical Barlcay policies and procedures without warning or communication.

And which issuers do consistently give a warning? I'm not aware of the practice being universal for any major issuer. I though Barclaycard was even better than most by occasionally sending a "use it or else" warning.

kdm31091 · ‎02-27-2016

I understand it sucks, but it's not surprising given the circumstances (no use for months). I don't think any issuers tend to give much warning about this sort of thing.

pizza1 · ‎02-27-2016

ugh..Sorry to DP! What a pain...

Creditaddict · ‎02-27-2016

Your right bad choice of wording on my part for principle and warning.

What I was trying to say is it seems that if you want to stay under radar you should not use a card that has been sitting for a bit... When I used my card after several months of non use it was cld. Now we used my partners card that sat for several months and it promptly was cld.
I can understand cld when no use, but this seemed to be triggered by use!

Creditaddict · ‎02-27-2016

What's a mispost?

SouthJamaica · ‎02-27-2016

@Creditaddict wrote:
@jbsea wrote:
When I first started this jouney of credit I really wanted a Barclay card. But over time and reading all of this.... This is why I will never get one. I'm so glad everyone post this because I never would have none. But I'm sorry that they did this to you guys.
I closed mine back about 4 or so months ago after a similar thing... I had gotten a 2nd card, CLI and combined cards and had $5k and it sat for months and months with no use so I took it out for a couple charges, under $50 bucks and when the statement cut they CLD to $1300 I think... They would not reinstate the CL so I closed it.

Will update Monday after he is able to talk to underwriting, if they won't reinstate it will be closed.

1. No need to wait until Monday, can call these folks 24/7 : 866-205-5973

2. Barclays has written on the Ring card blog that in reviewing for CLI and CLD it doesn't just look at risk, but also looks at 'reward'... it considers the average balance a proxy for profitability of the account.... so the sweet spot for increases in credit limit (and of course maintaining one's credit limit) is 20 to 35% average balance with them. I.e., if you don't use the card much, you're at risk of a CLD.

That being said, I do think it's a good idea to call the above number, and try to get the credit limit back.