New question: does anyone know if there is a list of what Barclays considers a utility out there? Specific merchant codes would be most helpful. I haven't been able to find anything of this sort.
My dilemma really only surrounds $2 different in rewards. If I pay car insurance through my Quicksilver card I will get around $6 in rewards guaranteed. If I take the shot with the Barclays Rewards card I will either get $4 in rewards (worst case) or $8 (best case). My gut (and some past study of game theory) tells me that if I am unable to get new information, I should take the guaranteed $6. So this is my last attempt at that information.
Thanks for everyone's help!
@CelticLady wrote:
@SnackTrader wrote:New question: does anyone know if there is a list of what Barclays considers a utility out there? Specific merchant codes would be most helpful. I haven't been able to find anything of this sort.
My dilemma really only surrounds $2 different in rewards. If I pay car insurance through my Quicksilver card I will get around $6 in rewards guaranteed. If I take the shot with the Barclays Rewards card I will either get $4 in rewards (worst case) or $8 (best case). My gut (and some past study of game theory) tells me that if I am unable to get new information, I should take the guaranteed $6. So this is my last attempt at that information.
Thanks for everyone's help!
I just paid my motorcycle insurance on my Barclay rewards card and only got 1x so they don't count it as a utility. It is through Geico. I would put it on your Quicksilver which is what I intend to do when my car insurance is due in a few months.
Thank you, CelticLady - this is extremely helpful!
@Anonymous wrote:Hi, I'm new here, so not quite sure how this works, but here goes. Question: I recently was denied for the Travelocity Rewards Axex issued by Barclays. The credit score they gave me in the denial letter was EX 689. However, I know that my EX score was in the high 700's when I made the request. I use their credit tracker. Anyone have some insight on this? Thanks.
Welcome to the forums!
For the best results in getting your question answered you should start your own thread rather than posting within an existing thread.
The answer to your question may result from a few problems:
1) Credit scores can change every time new information appears onto a report. If new information appeared (balances, new accounts, etc) between your most recent credit tracker report and the time of the application, it may result in a lower score.
2) There are hundreds of different types of credit scores, so Barclays may use different types for credit tracker and applications. This could also be the difference in a FICO or FAKO score.
3) There are 3 different major credit bureaus that may each contain different information (Transunion, Equifax, Experian). If your credit tracker and Barclays applications use different credit bureaus, it could result in varying scores.
@Anonymous wrote:Hey, thanks. They only pulled EX, and I had been trackimg my score every day during period that I applied, Could it be a mistake, I wonder? How are Barclays with recons? Any specific number to call?
Unlikely that it was a mistake. It was probably a result of one of the factors I mentioned up top. But don't focus so much on the score - people can be approved with a 650 score and denied with an 800 score. So much more goes into a credit application than just score. My suggestion is to call an analyst (link below) and see what you can find out about why they denied you. If you need some help from the community in figuring out which steps to take, I suggest you post a question or two to the board and see what type of answers you can find. One word of advice, before calling recon you should ALWAYS know what your credit report looks like. Since you were recently denied credit, you are able to get a free copy of your credit report. Pull a copy ASAP and look that over before calling. Good luck!
http://ficoforums.myfico.com/t5/Credit-Cards/Backdoor-Numbers/m-p/408066
