@Anonymous wrote:Yes, Barclays can still AA on me anytime. It's certain that there are a lot more AA reports on Barclays and Amex than other lenders. I don't have credit report monitor subscription with CRA anymore so I can't tell of Barclays is keeping an eye on me or not. Probably do if they give me auto CLI and send out BT check.
Here's my theory: Banks do track your payment and ulti overtime across your entire credit profile even though FICO scoring don't take that into account. From there, they may bucket you to either a) chronic high ultil but always meet obligations or b) almost always low ultil.
For case a), they can assess that the person probably has low risk of defaulting and they can make good money as the person carries balance.
This is probably true for most American, but not for most myfico member. I have to admit that before I knew about this forum I paid more credit card interest than I will ever gain back in cashback for the next 5-10 years.
case b), however, a BT or a spike in until will be flagged as risky behavior and AA will be swift.
@pizza1 wrote:
@Anonymous wrote:
I am not sure if I can agree, pizza. For me, in general, BT is just like car or mortage refi. A way for them to do business. There are cards that are created exclusively for BT (Chase Slate 0% APR $0 fee, or maybe PSECU 3.99% APR $0 fee), and there are lenders that send out BT check frequently (PNC, Barclays). Barclays even gave me a CLI AND a BT when I called in and said that I want to do a BT with them (and I actually carry > 70% Ulti for a while).
Each of the banks probably have a different take on risk and whether you do BT to their account. I think it's too early to conclude that they all hate BT. Though for Amex it might be true, they say that you can do BT to their card but they only provide tools to do it on the application page, after that you will have to call in.this is why we are discussing this. To have others chime in on their experiences. With you being at 70% util....dont think for one seond Barclays isnt keeping an eye on you. You may "ok" right now, but there have been reports here with peeps in your similar circumstances that once that BT was paid off, or near paid off, they got AA.
Im just trying to keep my research going and noting things along the way. Appreciate your input too!
Agree with that as well!
For me...since my BK7 a little over 2 yrs ago, Ive maintained a 1% overall util reporting on my CRA's at all times. I think that helped me also in my aggressive rebuild. BUT...Now that my creditors are use to my 1% util....wonder what would happen lets say if my util increased to 20%?? I bet I get flagged, because thats not the norm for me that they are use to seeing. I could see that...
@pizza1 wrote:
@Anonymous wrote:Yes, Barclays can still AA on me anytime. It's certain that there are a lot more AA reports on Barclays and Amex than other lenders. I don't have credit report monitor subscription with CRA anymore so I can't tell of Barclays is keeping an eye on me or not. Probably do if they give me auto CLI and send out BT check.
Here's my theory: Banks do track your payment and ulti overtime across your entire credit profile even though FICO scoring don't take that into account. From there, they may bucket you to either a) chronic high ultil but always meet obligations or b) almost always low ultil.
For case a), they can assess that the person probably has low risk of defaulting and they can make good money as the person carries balance.
This is probably true for most American, but not for most myfico member. I have to admit that before I knew about this forum I paid more credit card interest than I will ever gain back in cashback for the next 5-10 years.
case b), however, a BT or a spike in until will be flagged as risky behavior and AA will be swift.
@pizza1 wrote:
@Anonymous wrote:
I am not sure if I can agree, pizza. For me, in general, BT is just like car or mortage refi. A way for them to do business. There are cards that are created exclusively for BT (Chase Slate 0% APR $0 fee, or maybe PSECU 3.99% APR $0 fee), and there are lenders that send out BT check frequently (PNC, Barclays). Barclays even gave me a CLI AND a BT when I called in and said that I want to do a BT with them (and I actually carry > 70% Ulti for a while).
Each of the banks probably have a different take on risk and whether you do BT to their account. I think it's too early to conclude that they all hate BT. Though for Amex it might be true, they say that you can do BT to their card but they only provide tools to do it on the application page, after that you will have to call in.this is why we are discussing this. To have others chime in on their experiences. With you being at 70% util....dont think for one seond Barclays isnt keeping an eye on you. You may "ok" right now, but there have been reports here with peeps in your similar circumstances that once that BT was paid off, or near paid off, they got AA.
Im just trying to keep my research going and noting things along the way. Appreciate your input too!
Agree with that as well!
For me...since my BK7 a little over 2 yrs ago, Ive maintained a 1% overall util reporting on my CRA's at all times. I think that helped me also in my aggressive rebuild. BUT...Now that my creditors are use to my 1% util....wonder what would happen lets say if my util increased to 20%?? I bet I get flagged, because thats not the norm for me that they are use to seeing. I could see that...
Interesting thought. I could see that, too...
