Barclays approval question

[tbea1004]

I am trying to figure out if I should app for Barclays. My TU fico is at lest 651 and climbing. I have only one collection account and one chargeoff. I have an AU reporting for 10K. No inquiries whithin the last year. Do I stand a chance?

[Anonymous]

Probably-but it would be on the border so it is up to you if you want to take the pull for a 50/50 shot.

Do you have a Discover Secured? If not I highly suggest it. In 7 months you should be graduated with your score at 651....

or if you are against a secured another TU puller like Marvel or Ebates? Both are Synch but again you would be on the border for those.

I would check credit pulls database over on Cb. Then make your decision. GL.

[tbea1004]

Yea I think I may just wait. I do not wanna risk a hard pull. Im gonna work on getting rid of that collection account and get as close to 700 as possible. plus I was recently approved for the Amex BCE 15K and Bank of America Cash Rewards 3K. So I gonna try to grt rid of that collection and let those cards hit and my score should go way up hopefully. Thanks for the advice.

[Anonymous]

Yeah wait until 700 and removed collections for sure.

[SunriseEarth]

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@tbea1004 wrote:

I am trying to figure out if I should app for Barclays. My TU fico is at lest 651 and climbing. I have only one collection account and one chargeoff. I have an AU reporting for 10K. No inquiries whithin the last year. Do I stand a chance?

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Depends on what card you're going for.   You may have a decent shot with Apple Rewards.   

[sjt]

My friend was approved for an Arrival + with a $7K credit line. He had a 650 TU score with several paid charges and collections from 5 years ago and had to recon. 

[thummel]

It's a 50/50 shot but imo I don't think one inquiry is going to be the end of the world. That's what happens in the world of credit building.

[Anonymous]

I was around 660-670 and was approved for $2k Barclaycard Rewards at 24.something% in Nov. However, this seems to not be offered anymore. 

Is the apple rewards easier to get? I haven't heard that one before.

[Anonymous]

YMMV, but I will share my Barclays data points:

7/27/16 Approved NFL Extra Points Visa, $3500 SL, TU 603, 2 inquiries on TU (already had Student Loan, Credit One $600, Cap1 QS $3000, Discover $1000)

11/23/16 Approved jetBlue Plus WEMC, $4000 SL, TU 655, 3 inquiries on TU (already had the above, plus Victoria's Secret $500, NFL Extra Points Visa)

BK was DC Nov '15, and BK is the only baddie in my file, no lates, charge offs, collections, etc.

You might want to establish more credit history first, maybe Cap1?

Good luck whenever you decide it's the right time.