Originally Posted by
EmailKid
Not an expert in this, but it seems almost counterintuitive:
One charges, one pays off, showing ability and willingness to both use and pay.
Though I realize that bank may be thinking they don't want OP to spend more than limit, i.e. right hand giving credit while left hand hands out bonus, or not hand out the bonus since right hand prevents minimum spend to meet the criteria.
It seems counterintuitive, but there are 2 heads to this beast.
There is the marketing head, which wants people to sign up for their card and uses incentives to get you in the proverbial door to apply for their credit card.
Then there are the credit analysts , who basically do nothing but determine whether the bank wants to even lend to you and will give you a credit line determined by bank policy. They really don't care whether the candidate makes it or not. The analyst gets graded on how well they pick the right risks and avoids the bad ones.
Anyone getting a CL of $700 on a business card just made it through the approval sieve, and that is easy to see because they only got a CL of $700, which is bupkis
. If the OP thinks that was a mistake, then call the bank and ask to speak to a credit analyst and make the case for increasing the CL.
However, don't go and cycle the CL. I think, from prior DPs on the MSing sub forum, that Barclays does not play nicely and shuts down people who game the system, and routine CL cycling is definitely gaming the system.
