Deleted.

This.

All these multiples that get thrown around are meaningless. If your CL is $2,000, the chance of you getting shut down for doing 2X is highly unlikely, but if your CL was $50,000, I am sure some flags would be raised.

I try to redeem my Barclays balance whenever I get over 100k points just in case of shut down.

What people need to do is when they are talking about doing multiples of their CL they need to put context as to what their CL is so that people don't get confused. I do hate all these multiples that get thrown around with no context as to the amount that is being cycled.

I find this comment interesting. Would you care if you could no longer MS 10x your CL, thats giving up quite a lot of points. I believe you would.

Take a trip, man. lol

Yeah that's well over a million points lol. It would suck to get those confiscated

i think the evidence posted by many in numerous ft thread belies your experience.

ime, the more you put on a card (within reason and without being shut down!), the larger and more frequent the CL increases. without ever requesting a CL increase, an ink card CL went from 15k-35k in 13 months because i was getting up to the limit, paying off mid cycle, and repeating.

Deleted.

Avoid or not avoid spending more than CL??
 

Our Arrival CLs were 12k each. Income of $120k. Yes, there were many Buxx loads and GCMall purchases. Many redemptions as well. The accounts were closed with about 15k points total. No luck reopening the accounts or getting any credit for the points. About 2 weeks later they closed an account I hadn't used for years. I no longer have any accounts with them.

In all, we redeemed about 6k in the 8 months we had the accounts. Yes, hogs get slaughtered. ;) Lesson learned.

I'll apply for the cards in about 8 months and adjust my usage if I'm fortunate to get the card again.

Do people here have experience getting new accounts with a bank after getting all of theirs closed?

either I'm confused on barclays point accumulation or I'm decoding your post wrong but it seems like you accumulated a grand total of 21k pts. that'd require what -- $11.5k in spend in 8 months which is nothingburger esp given your CL and seems really paltry, something most banks would not bother with... what exactly did you do for them to just hit the kill switch.

if you were indeed spending 2x CL, where did all your pts earned go? something does not compute.

Lappie,
For how many months have you been doing this? And I'm assuming no AA so far?

10-20k

Its all about time. If I am spending 10x my CL and then after 5 months I was told I couldnt do that anymore, that means I am "a head" A LOT of months vs. if I was spending just my actual CL. Its like when VRs were buyable at Office Depot. I would go in and buy the entire rack, not just 1 or 2. If I only bought 1 or 2 for the limited time they were available I would have barely profited anything. By doing it my way, I profited a lot. Risk vs. Reward.

If I was told I could only MS my CL I would either A) ask for a gigantic CL or B) move on to something else more profitable.

I take the approach of gradual build, steady over time, lots of avenues. I've seen some MSers go big and hard, only to get shutdown and blacklisted. Then that avenue is cutoff for them. They chase after the next thing big and hard, then shutdown/blacklist and that avenue is shutoff for them. Or the deal dies, then they have to find something new. Then, they chase after the next thing. . . . I would rather have many many avenues open, so if an avenue is closed, I have many options left. Each avenue is done on a small scale yet collectively add up to a considerable total. Yes, OD was a great deal, yet I had about 10 low risk pipelines open at the time. I did shift some MS to OD, yet it doesn't make sense to shutdown my 9 low risk pipelines to go ALL IN on OD - higher risk and not much more reward. Plus, buying entire racks of VRs puts stress on that MS avenue.

^ ^ Diversification > "Go big or go home"

Deleted.

so you're telling me you were doing $50-200k of MS every month, month after month, and got away with it?

Per card, that would be impressive. Not sure that it works that way, though.

I took it he meant $6K dollars redeemed and 15K pts left.

Still leaves me concerned because I have done double that in 2 months and have more pending from existing orders. Haven't done any VisBuxx or GCM orders but a ton of AmexGC orders through their portals.

Did you do redemptions and then cancelations to get the cash? Just trying to figure out what caused the shut down and how to avoid!

I think they're happy for you to get all the points you can through the Barclays portal. However, if you're doing multiples of your CLs on Barclays cards, I'd keep in mind how many posts are on this forum about the sensitivity of Barclays.

$6k in redemptions is def something... thats something like 300k barclays pts... if he did indeed redeem that much, he should be happy he got away with it and shouldnt even care about something paltry like 15k pts.

earning 300k pts means spending $150k in 8 months or an avg of $18,750 per month. not bad, doable even with a $12k CL. but like c4t says, barclays is a tad bit sensitive. I guess it really comes down to many other factors: like what was credipig's total stated income on his barclays apps, how much reported credit util he had overall (and esp with barclays), how much other total credit he has with barclays and other banks, if this was his first barclays card or if he had prev good history with barclays and other banks etc.

I think its more like 600k points but he was probably using the boost portal a lot for amex gift cards. If you use the portal right now you can get 6 pts per dollar so he would have had to spend around $100k

Since January. Yes, no AA, not even one fraud alert. And I buy roughly $4.5k cards at a time. I never exceed my CL at any given time.