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  • FIRST POST
    • Abbey1991
    • By Abbey1991 30th Nov 17, 8:41 PM
    • 72Posts
    • 10Thanks
    Abbey1991
    Barclaycard throwing their money around?
    • #1
    • 30th Nov 17, 8:41 PM
    Barclaycard throwing their money around? 30th Nov 17 at 8:41 PM
    I have received an unsolicited letter from Barclaycard telling me they are going to increase my limit but will do a credit search first.

    Currently they offer me quite nice balance transfer offers every month and I don't want to jeopardise this by them seeing how much I owe to others.

    Shall I tell them to forget the increase, or will this make them more suspicious?
Page 1
    • zx81
    • By zx81 30th Nov 17, 9:07 PM
    • 14,386 Posts
    • 15,173 Thanks
    zx81
    • #2
    • 30th Nov 17, 9:07 PM
    • #2
    • 30th Nov 17, 9:07 PM
    Your account isn't micro managed in the way you think it is.
    • Shakin Steve
    • By Shakin Steve 30th Nov 17, 9:19 PM
    • 1,134 Posts
    • 843 Thanks
    Shakin Steve
    • #3
    • 30th Nov 17, 9:19 PM
    • #3
    • 30th Nov 17, 9:19 PM
    I have received an unsolicited letter from Barclaycard telling me they are going to increase my limit but will do a credit search first.

    Currently they offer me quite nice balance transfer offers every month and I don't want to jeopardise this by them seeing how much I owe to others.

    Shall I tell them to forget the increase, or will this make them more suspicious?
    Originally posted by Abbey1991
    When you say they are telling you they are going to increase your credit limit, do you mean asking if you want an increase. How would declining an increase make them suspicious? Of what?
    If you are happy with your present situation, tell them that.
    I came into this world with nothing and I've got most of it left.
    • Abbey1991
    • By Abbey1991 30th Nov 17, 9:48 PM
    • 72 Posts
    • 10 Thanks
    Abbey1991
    • #4
    • 30th Nov 17, 9:48 PM
    • #4
    • 30th Nov 17, 9:48 PM
    Your account isn't micro managed in the way you think it is.
    Originally posted by zx81
    perhaps not by a person? but maybe a bot
    • Abbey1991
    • By Abbey1991 30th Nov 17, 9:52 PM
    • 72 Posts
    • 10 Thanks
    Abbey1991
    • #5
    • 30th Nov 17, 9:52 PM
    • #5
    • 30th Nov 17, 9:52 PM
    When you say they are telling you they are going to increase your credit limit, do you mean asking if you want an increase..
    Originally posted by Shakin Steve
    Well, the letter says that they are definitely going to do it unless I opt out or they find adverse data.

    How would declining an increase make them suspicious? Of what?
    Originally posted by Shakin Steve
    Suspicious that I was worried about being out of my depth in debt I guess
    • MABLE
    • By MABLE 30th Nov 17, 10:09 PM
    • 3,347 Posts
    • 1,773 Thanks
    MABLE
    • #6
    • 30th Nov 17, 10:09 PM
    • #6
    • 30th Nov 17, 10:09 PM
    I have received an unsolicited letter from Barclaycard telling me they are going to increase my limit but will do a credit search first.

    Currently they offer me quite nice balance transfer offers every month and I don't want to jeopardise this by them seeing how much I owe to others.

    Shall I tell them to forget the increase, or will this make them more suspicious?
    Originally posted by Abbey1991
    I have received letters such as yours in the past from BC but they have never said a credit search would be carried out first. Must be a new thing.
    • Abbey1991
    • By Abbey1991 30th Nov 17, 11:00 PM
    • 72 Posts
    • 10 Thanks
    Abbey1991
    • #7
    • 30th Nov 17, 11:00 PM
    • #7
    • 30th Nov 17, 11:00 PM
    It reads as follows:

    "Before we increase your credit limit, we'll do a few checks using the latest information we have, and information held by the CRAs, to make sure it's still right for you. Sometimes it isn't possible for us to increase your limit - for example, if your circumstances change, you miss a payment or you exceed your credit limit - and so we may withdraw this offer".
    • Dobbibill
    • By Dobbibill 30th Nov 17, 11:10 PM
    • 2,541 Posts
    • 3,631 Thanks
    Dobbibill
    • #8
    • 30th Nov 17, 11:10 PM
    • #8
    • 30th Nov 17, 11:10 PM
    They exchange data with CRAs regularly anyway.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Abbey1991
    • By Abbey1991 30th Nov 17, 11:21 PM
    • 72 Posts
    • 10 Thanks
    Abbey1991
    • #9
    • 30th Nov 17, 11:21 PM
    • #9
    • 30th Nov 17, 11:21 PM
    They exchange data with CRAs regularly anyway.
    Originally posted by Dobbibill
    Thank you. How can I find out more about these mysterious data feeds from CRA to lender?
    • Dobbibill
    • By Dobbibill 1st Dec 17, 7:38 AM
    • 2,541 Posts
    • 3,631 Thanks
    Dobbibill
    They are merely telling you that to approve the limit they will do a search - other lenders will see a hard search so you have an option to decline if you didn't want that to show like if you had a mortgage application coming up or something similar.

    The data they pass back and forth, along with your account activity is what had led to the offer of an increase. This is also what leads to others having a credit limit reduction, APR increase etc.

    Don't overthink it.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • PeacefulWaters
    • By PeacefulWaters 1st Dec 17, 9:08 AM
    • 7,300 Posts
    • 9,043 Thanks
    PeacefulWaters
    It reads as follows:

    "Before we increase your credit limit, we'll do a few checks using the latest information we have, and information held by the CRAs, to make sure it's still right for you. Sometimes it isn't possible for us to increase your limit - for example, if your circumstances change, you miss a payment or you exceed your credit limit - and so we may withdraw this offer".
    Originally posted by Abbey1991
    While that might sound like a search, the words "credit search" are notably absent.

    I'd be stunned if they actually registered a search against your name.
    • enthusiasticsaver
    • By enthusiasticsaver 1st Dec 17, 9:11 AM
    • 4,844 Posts
    • 9,147 Thanks
    enthusiasticsaver
    If you have a lot of unsecured debt and a high credit utilisation percentage (i.e. Close to limits) I would be wary of increasing any of your limits. Do you actually want your limit to be increased? If not, just opt out and tell them you don't want an increase.
    1 week to go until early retirement. Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • shortcrust
    • By shortcrust 1st Dec 17, 9:20 AM
    • 1,455 Posts
    • 1,912 Thanks
    shortcrust
    You do seem to be anthropomorphising computer algorithms!
    • MABLE
    • By MABLE 1st Dec 17, 10:53 AM
    • 3,347 Posts
    • 1,773 Thanks
    MABLE
    They are merely telling you that to approve the limit they will do a search - other lenders will see a hard search so you have an option to decline if you didn't want that to show like if you had a mortgage application coming up or something similar.

    The data they pass back and forth, along with your account activity is what had led to the offer of an increase. This is also what leads to others having a credit limit reduction, APR increase etc.

    Don't overthink it.
    Originally posted by Dobbibill
    But if you go onto their site and request it yourself they do not carry out a hard search and just go by the regular feeds etc.

    QUOTE
    Don’t worry, your request to change your credit limit won’t affect your credit score or interest rate.UNQUOTE
    Last edited by MABLE; 01-12-2017 at 10:55 AM.
    • Shakin Steve
    • By Shakin Steve 1st Dec 17, 7:02 PM
    • 1,134 Posts
    • 843 Thanks
    Shakin Steve
    You do seem to be anthropomorphising computer algorithms!
    Originally posted by shortcrust
    Yes.....I think
    I came into this world with nothing and I've got most of it left.
    • chattychappy
    • By chattychappy 2nd Dec 17, 12:37 PM
    • 6,438 Posts
    • 3,394 Thanks
    chattychappy
    I have received letters such as yours in the past from BC but they have never said a credit search would be carried out first. Must be a new thing.
    Originally posted by MABLE
    Yes, me too.

    It reads as follows:

    "Before we increase your credit limit, we'll do a few checks using the latest information we have, and information held by the CRAs, to make sure it's still right for you. Sometimes it isn't possible for us to increase your limit - for example, if your circumstances change, you miss a payment or you exceed your credit limit - and so we may withdraw this offer".
    Originally posted by Abbey1991
    You said the letter was unsolicited, but from your quote it looks like you requested the limit raise. If you didn't, I'd contact them to see what happened.

    As above, I have never had a letter offering to increase my limit subject to a credit check. They usually just increase the limit but give me the chance to opt-out.
    • chattychappy
    • By chattychappy 2nd Dec 17, 1:27 PM
    • 6,438 Posts
    • 3,394 Thanks
    chattychappy
    Just for fun, I logged into Barclaycard and asked to raise my limit. Current limit is £14K and I rarely use Barclaycard these days. (My balance is £11.)

    It said that there wouldn't be a credit check, but they might need to ask me to call them to provide further information. It asked me the limit I wanted, my income and employment status. I asked for 20K and it came back with 19K.
    • MABLE
    • By MABLE 2nd Dec 17, 2:54 PM
    • 3,347 Posts
    • 1,773 Thanks
    MABLE
    Just for fun, I logged into Barclaycard and asked to raise my limit. Current limit is £14K and I rarely use Barclaycard these days. (My balance is £11.)

    It said that there wouldn't be a credit check, but they might need to ask me to call them to provide further information. It asked me the limit I wanted, my income and employment status. I asked for 20K and it came back with 19K.
    Originally posted by chattychappy
    I did the same thing but was declined for an increase. Probably because of my total limits on BC's being £22,000.
    • chattychappy
    • By chattychappy 3rd Dec 17, 9:28 AM
    • 6,438 Posts
    • 3,394 Thanks
    chattychappy
    I did the same thing but was declined for an increase. Probably because of my total limits on BC's being £22,000.
    Originally posted by MABLE
    There used to be a regulatory limit of £25K, not sure if it still applies. Anyway you still have 3K to go even if it still applies.

    Some years ago I had a little used MBNA card with a £24,000 limit. I got a letter from them saying they were increasing the limit to £24,500 which seemed a bit pointless.

    Except for Barclaycard this time, I have never asked for limit rises because I always have more than I need. I have two cards (Natwest and a new MBNA) which have gradually increased limits to 20K, but not more than that.
    • MABLE
    • By MABLE 3rd Dec 17, 10:55 AM
    • 3,347 Posts
    • 1,773 Thanks
    MABLE
    There used to be a regulatory limit of £25K, not sure if it still applies. Anyway you still have 3K to go even if it still applies.

    Some years ago I had a little used MBNA card with a £24,000 limit. I got a letter from them saying they were increasing the limit to £24,500 which seemed a bit pointless.

    Except for Barclaycard this time, I have never asked for limit rises because I always have more than I need. I have two cards (Natwest and a new MBNA) which have gradually increased limits to 20K, but not more than that.
    Originally posted by chattychappy
    Just totalled the total amount of the 4 BC's and actually comes to £23,200. I hasten to add some were obtained through migration.
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