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@Anonymous wrote:
I wrote them and told them to reconsider or close my account. Ridiculous. I have a FICO of over 125 higher than it was at approval. I have always PIF. I have no negatives. I never use the card so maybe that's it. Not even that upset because as I said I don't use it. But it is the principle that pisses me off. Way to reward your customers for improving their credit and establishing good history with your company.
No thanks.
I sympathize with you, and I have no Barclays card, but from their perspective, it could be a matter of principle too. The principle that if you don't use the card, you must not really need it, and they would like to give that available credit to someone else. I don't think banks have an unlimited credit available they can give overall to all customers combined.
Barclay (Apple Visa) cut my line from $3000 to $1800 after I made a large payment. However, I called in inquired about it and was transferred to the portfolio department. Once there the lady was very nice she asked me about income, which had not changed and then stated that my limit was restored.
I asked her for CLI, that is when I found out that I was speaking to the portfolio department. She stated that they do not handle CLI’s, only That was 2 years ago – they haven’t touched my limit since.
@yfan wrote:
@Anonymous wrote:
I wrote them and told them to reconsider or close my account. Ridiculous. I have a FICO of over 125 higher than it was at approval. I have always PIF. I have no negatives. I never use the card so maybe that's it. Not even that upset because as I said I don't use it. But it is the principle that pisses me off. Way to reward your customers for improving their credit and establishing good history with your company.
No thanks.I sympathize with you, and I have no Barclays card, but from their perspective, it could be a matter of principle too. The principle that if you don't use the card, you must not really need it, and they would like to give that available credit to someone else. I don't think banks have an unlimited credit available they can give overall to all customers combined.
Yes. Why would they "reward" you for improving your credit unless that improvement is a benefit to them? At each review, the question is whether your potential profit exceeds the risk/cost or, as yfan says, another customer would be preferable to them.
@Kevin86475391 wrote:I don't have Barclays because I always hear terrible things about them on the forums, also hear terrible things about them from people in real life, and am not especially interested in any of their products. Definitely though, what stands out to me is that most CC companies seem to have both people that love and hate them. You may hear a lot of people annoyed with Chase for instance, but you'll hear a lot of good comments too. With Barclays, all I ever hear is how awful they are. At best I'll hear people say something like, 'they're okay' or 'I haven't personally had a problem' but I never come across 'Ra! Ra! Barclays!' type people like I see with other companies.
So yeah, I wouldn't sweat it if I were you. It probably is the other approvals. From what I hear, Barclays very much wants to be your only/main card...which seems like such an unattainable goal considering their lukewarm products.
Well, there has been LOTS of love at varous times for the Sallie Mae, and some for the Ring (and even some for the Arrival +). Rebuilders were also positive about the Rewards card (2% on utiltities when 2% cards were rare). So it was for the specific cards rather than directly for the bank, but they did get some love.
Sorry this happened, OP. I would be upset too if I were you.
In terms of view toward the larger and more comprehensive picture, we are seeing more situations on the board recently overall of different creditors lowering limits either due to non-use or to low usage. It may continue with different lenders as we see how this plays out.
I feel your pain OP.
Barclay's CLD'd me back in May of 2016. I've since paid off the balance on their card, and I'm going to close it in April, when the line is 2 years old.
(2) years was just about my history of terms with them. Got out before they got to me too.
I just want to add one thing for those who say ALL lenders do and are doing things like Barclays.
No they aren't. Yes, each Lender does have their own respective thresholds and can and will modify ON OCCASION to their own standards.
However Barclays is well KNOWN and proven to far exceed the rest of industry IMO when it comes to such actions and is why they have 100% safely cemented their position SOLID for such drastic actions as well as esteblished themselves within these forums for those same top honors.