Barclaycard Acceptance then cancellation

phoenix_dragon

Hi everyone. I applied for a Barclaycard Gold credit card and balance transfer early this week, and I received an email on Wednesday telling me that I'd been accepted, and that the card was being posted to me.

Today, I received the card, and 2 other letters from the fraud department, telling me that the account has been closed by them, and not giving me any information as to why the account was closed. When I called them, they just said that because of the terms and conditions, they have withdrawn the credit agreement.

I've just checked my credit report, and everything appears to be in order, and shows the searches done by Barclaycard on Monday, and nothing further after that.

Does anyone have a clue as to why they would do this? It just doesn't make any sense to me.

stephane_2

The same thing has been reported a few times here....nothing much you can do about it unfortunately

phoenix_dragon

Thank you Stephane, it seems like a really rubbish thing for them to do. Why not just reject the application! Pah.

dakkan

Same happened to me and was given same reason as according to their terms and condition blah blah.
They made searches on both experian and equifax.
utter time waster idiots they are... Now they are saying I need to wait for 6 months!!!!
I am happy with capital one and Santander zero credit card at the moment.

phoenix_dragon wrote: »

Thank you Stephane, it seems like a really rubbish thing for them to do. Why not just reject the application! Pah.