Curious to know what people's credit profiles were when they were approved.
I currently have a 730 TU (from what I hear that is what they pull in CA). One INQ from 12/2011. Three new accounts opened in 06/2013 (two AMEX and one Citi). I keep UTL low (<10%). Looking to app in Oct-Dec 2013.
I think you should be fine. Best of luck! By the way, if your utilization is already low, why not app now? There's rumors about the 40k miles offer going away.
I may just do that. AMEX hasn't hit my CR yet. Thinking I want them on there first before I app for Barclay.
AMEX Delta has $9,500 CL, Citi has $6K and WF has $2K. I'm thinking that my CL from Barclay (if approved) would be higher if they see the 9.5K from AMEX.
I was approved for $3000 with a 674 TU and a paid judgement showing (6 percent UTI). I tried to recon to $5k to make it a World MC but they wouldn't budge.
Barclays is very sensitive to recent inquiries and new accounts. It's best to do it either before the new account reports, or to just wait for the new account to age for 6 months or so. There's a chance they will give you a lower CL as opposed to matching Amex when they see a brand new account reporting.
It depends. How long is your credit history? If your credit history is relatively long, they probably will be willing to overlook 1-2 new accounts. Some people were able to get approved even with several new accounts reporting because it also depends on many other factors as well (credit history, income, etc).
On the other hand there are people who got declined because of "new" account(s) opened 2-5months ago.
However with the way Barclays is, you might be shortchanging yourself with a lower CL.
As of today oldest account is 10Y 9Mo, AAoA is 3Y 3Mo. I'm an accountant and have good income, very low DTI.
Plus, the 40K bonus is VERY attractive to me. I'm going to Costa Rica in December and can easily make the spending requirement when I pay the balane to the travel co.
I was instantly approved for 5k despite 8 new accounts this year (7 already reported) and 6 INQ on TU but 5 in the last 3 months. I was actually surprised it was instant approval. My utilization is at 6% at time of approval with a small paid utility collection and 2 chargeoffs from 2007 and 2 lates from a student loan back in 2008. My AAoA on TU is about 2.5 years.
you should be fine
