Barclay Card

afc80

Hello

i applied for a barclay card online yesterday. I was accepted. Cant remember which one. Think the rate is about 16%?.

It was flabbergasted when i was accepted.


i have £6500 to pay back on a RBS Loan at £501 per month

i have a £2600 overdraft with RBS, it is used up to the limit

i have an rbs credit card with £1390 on it.

i have a halifax credit card with £4500 on it.

Anyway, im going to do a balance transfer. Does anyone know what sort of credit limit they are likely to give me.

chattychappy

Probably between £100 and £25,000!

Impossible to be more precise on the info you have given...

afc80

i could do a lot of damage with 25 grand

i earn 25 grand a year if that helps.

i have isa's totalling 10 grand. Dont know if they will know about that
or take it into account

PNPSUKNET

I would look at your isa rates, it would be worth you paying your cards with the 10k

bengal-stripe

There have been quite a few reports here recently, where Barclaycard (or their computer) accepted a new application,
only to cancel a few days later, as not meeting their 'lending criteria'.

https://forums.moneysavingexpert.com/discussion/2860920

So, don’t count your chicken (or your cards) before they’re hatched.

jen245

Don't get too excited just yet. At the moment Barclaycard seem to be approving people, sending out cards, then closing the account without reason, seen quite a few posts like this lately. I think they have been taking lessons from natwest/rbs!

jen245

Lol, you beat me to it Bengal-stripe

chattychappy

My guess (and it really is a guess) is £2500 to £5000. Also some posters report being accepted only to have Barclays cancel the account soon afterwards. Your level of indebtedness is quite high for your income, but not disastrous.

They won't see your ISA accounts. Via the credit reference agency they will see the state of your other credit accounts and how many searches have been recorded. They put this together with what you put on the application. If you bank with them, they may use this data too.

Agree with comment about looking at using ISA cash to pay down some of the debt.

chattychappy

jen245 wrote: »

Lol, you beat me to it Bengal-stripe

And me....!

afc80

Just to give you an update.

I have received an email from Barclay Card today saying that i have been accepted, that the card will be with me in 10 days and that i have a credit limit of £8000. :eek::D

i take it that i still have not cleared the final hurdle and that when i phone to activate the card a human will tell me i have been declined?

Can you not activate your card through their site without the need to talk to a human?.

I did this with my RBS card.

[Deleted User]

When you call to activate, you don't speak to Barclaycard. You speak to some temp in a 3rd party company who will try to sell you card protection. You'll be fine.