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Originally Posted by koctail
(Post 21023515)
Same rationale as Chase and AMEX who approved my apps. To earn my business!!
btw I had a utilization of 30% - 40% (mostly business expenses) and was approved for a number of cards including Amex Plat even through I did not have any credit history. I assume it was likely the combination of high utilization and low credits that showed that I'll likely be going to use the card. |
Originally Posted by Jesperss
(Post 21025101)
You're an extremely unprofitable customer who already has two accounts with them. Why would they want your business?
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Originally Posted by wise2u
(Post 21025067)
I keep them happy by only getting 1 or 2 cards a year with them and it seems to work.
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Originally Posted by koctail
(Post 21022989)
Venting here. Just was denied for Barclays Arrival and Choice Privileges Cards. Both went to reconsideration. I spoke with their arrogant CSR and a supervisor. They decline based on fact I have applied for 12 cards in the past year. 2 of them are Barclays. I have a Barclay Virgin America and NFL card. In this same churn I was just approved for Chase Southwest Business...companion pass here I come...and SPG AMEX Biz. My other 2 apps were these Barclay cards. These are actually my first 2 denials ever. The supervisor states I have 150K in credit outstanding and they are worried I would max out. I told her to look at my utillization history. I don't come close to more than 5% in my monthly utilization spending. Plus I told her then approve me for a low limit if that is their worry. Actually they did that on my last Barclay card, I think it was $1500 limit. ha. I have a Chase card with $25k limit! I have a 740 plus credit score, own my home, I am 43, never been late on paying a card, pay in full every month, been in same job for 13 years and I make $90K plus per year. My wife was declined by these clowns last year as they wouldn't include our household income in their decision making process. It seems with them unless its an instant approval its a declination. I told the rep my credit history is identical to where it was when I was approved for my last Barclay card so I have no clue how they make their decisions? I'm done with them for at least 1 year.
If I applied for Barclays I would have no doubt I would be approved. But I don't want any additional credit lines right now. I have all I could ever use or want. |
If I were running a credit card department, here are the rules I would set up
1) If you apply for a card, get approved, get a bonus, then cancel the card, you cannot receive a rewards card from my bank for at least two years 2) If you apply for a card, get approved, but then don't spend on the card (but leave it open), it is a negative factor in any new card applications, likely leading to rejection 3) As long as you spend money on a card, then "churning" is fine. If an applicant gets a 50,000 mile card offer, keeps the card open, pays the annual fee and spends above and beyond the required spend, he or she can cancel at any time and immediately reapply for a new card with a new bonus. Or put another way, I would routinely offer "spend challenges" to existing cardholders ("Move $5,000 of regular spend to this card and get another 50K points") 4) A limit of 6 cards outstanding per bank (depending on how many products I offer) 5) "Cash equivalent" spending doesn't qualify for any bonus points. Gift cards, VR, etc. All spend must be real spend. |
lots of haters out there now in the FT world. i do see your points. but understand this...the reason and sole reason i was given by Barclays for not approving me was they were worried I could run up 150K in credit card debt and not fulfill my obligation. i told the csr to look at my history and they can easily tell that this has never occurred. so i told her that they should base their decision on facts and not what ifs, etc.
i was never told i had too many apps or wasn't using my Virgin America card enough. actually they thanked me for using it so much. if they told me i had too many apps, which 12 in past year, not year to date, back to July of 2012, is not that many...i can understand. |
Originally Posted by koctail
(Post 21029941)
lots of haters out there now in the FT world.
Here in the UK there was a case of a guy who had a profile a bit like you - low utilisation, lots of cards. He lost his job, maxed out on the cards and then killed himself. It turned out many of the cards were issued by subsidiaries of the same bank. Guess who got the bad press..... (and I'll give you a clue, it wasn't the poor guy who killed himself). That is yet another reason why what you want doesn't make business sense. |
Barclays is such a crap bank...
I had it with Barclays. Those .......s are just a bunch of idiots .....es/.......s, that's impossible to do any business with them.
I have been denied twice in a row, even skipped them in my last AoR. Not enough activity on your card, too many credit cards recently opened. Maybe you should wait for 12mths(!?!) and not open any cards and reapply... up yours dude!!! They even record down your calls, so that the next person you spoke to knows what you talked about previously! Hanging up and calling back doesn't seem to work. And those .......s won't even negotiate. I offered to cancel my existing card, but no they won't budge. Since my existing card has an AF, and I am not using it, I am canceling my one and only card with those SoB. Besides, I have another 20 tradelines in my report, so my AoA won't be affected. Maybe us flyertalkers should just boycott them entirely! If you get a signup bonus, fine. But sock drawer it and don't use it for normal spending (if flyertalkers have normal spending at all). |
So you're mad that they won't give you free stuff you don't deserve?
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Lol. You mean they shouldn't do their job, assess the risk, and turn down the credit card churners?
You don't need not will you adequately use the card anyway. Move on. |
Sounds like Barclays has made the right decision on this one! Why on earth would anybody else boycott them because they won't give someone they apparently assess as high risk the freebies he wants?
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Is this flyertalk or have I posted in the wrong forum? Last I checked flyertalk = churning CCs.
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Originally Posted by Rommie2k6
(Post 21764044)
I had it with xxx Barclays. Those .......s are just a bunch of idiots .....es/.......s, that's impossible to do any business with them.
I have been denied twice in a row, even skipped them in my last AoR. Not enough activity on your card, too many credit cards recently opened. Maybe you should wait for 12mths(!?!) and not open any cards and reapply... up yours dude!!! They even record down your calls, so that the next person you spoke to knows what you talked about previously! Hanging up and calling back doesn't seem to work. And those .......s won't even negotiate. I offered to cancel my existing card, but no they won't budge. Since my existing card has an AF, and I am not using it, I am canceling my one and only card with those SoB. Besides, I have another 20 tradelines in my report, so my AoA won't be affected. Maybe us flyertalkers should just boycott them entirely! If you get a signup bonus, fine. But sock drawer it and don't use it for normal spending (if flyertalkers have normal spending at all). |
Originally Posted by Rommie2k6
(Post 21764754)
Is this flyertalk or have I posted in the wrong forum? Last I checked flyertalk = churning CCs.
There are degrees of churning. Some banks (including Barclays) are ok with "light" churning, some other banks (Citi) can also deny you in cases like "more than 6 inquiries in the past 6 months" (on whichever credit bureau they pulled), which can also backfire on "very heavy" churners. So not all churning is the same! |
Originally Posted by robertw477
(Post 21764808)
The Priceline card also a 2% card is better once the free year is up. Barely anyone here know about that one.
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