From what I have seen around here - Barclay's and Synchrony both have skittish reputations. Notice I don't have cards from either of them. Usually it is a combination of factors in your profile that causes AA, though.
I would just move on, it seems they are through with you. Also, fix whatever else might be going on to scare your creditors.
Below is a graph from Barclays Card USA. It may be a little difficult to understand, so I will attempt to walk through it. On the horizontal scale the left side of the graph represents zero usage and the right side indicates 100% credit line usage. The vertical scale (on the bottom) represents 0% chance and the top indicates 100% chance. The green line represents “chance of getting a credit line increase” while the red line represents the chance of getting a “credit line decrease.” According to Barclays this is a risk/reward analysis chart.
You can see that for a credit line increase the customer who does not use any (or a small portion) of their available credit, the likelihood of an CL increase is low. This is due to the fact that since they do not use the card it is unlikely that Barclays will reap any additional reward. As a result, the additional risk of a CL increase, is not warranted. For the CL decrease the higher the % of CL the customer uses, the greater the risk for Barclays. Thus this is a trigger for a CL decrease. You can see that there is a sweet spot that runs about 25% of CL usage.
Of course, Barclays does not discuss other factors, such as too many cards with high balances, too many new cards/accounts, too many recent inquiries, too much debt to income, large changes to usage, etc. This is simply how they explain their basic strategy.
Y
The red flag was paying minimum payments. Yes Barclays is worthless. If you do a forum search. You'll find many that have experienced the same issue. I suggest you find a better lender when you are able. Sorry for your CLD. Unless absolutely necessary, always pay more than minimum payments with CC lenders. That and any baddies hitting your reports is a sure fire way to get their attention.
@Anonymous wrote:Barclays Uber credit card reduced my credit line from $2000 to $500. Without notice.
I just paid my balance in full two days ago. I did carry a large balance over the past four months, but I always made sure to pay the minimum required two weeks ahead of the deadline. So, there wasn't late payment issue.
My question is: does Barclays often reduce their clients' credit line simply because they carry a balance?
Barclays has long had a reputation for taking adverse action for no logical reason.
They closed my accounts one day, without giving me any reason, let alone a logical reason.
While in this case we can likely chalk it up to making minimum or near-minimum payments, Barclay can (and does) seemingly balance chase or just CLD seemingly at random. DW got the Ring card a couple of years ago (when it was like an 8% APR card). Took them up on an offer from a convenience check, paid it off in a couple of months, took them up on a 2nd offer, made 4-digit payments each month and they hit her with a CLD down to $6400 with a letter stating that her monthly payments had been too low ("low" as in only about 15x the minimum payments?!). Her scores were in the 760-780 range then (all 800ish now), better than when she applied with only 1 new account opened at the time since receiving the Barclay card. On the other hand, many others have reported no problems with their cards.
