Barclaycard Platinum Declined

Fumi
Fumi Posts: 3
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edited 21 February 2020 at 7:14PM in Credit cards
I wonder if someone might be able to help me. I currently have a current and savings account with NatWest. I also have a MasterCard, American Express Gold Rewards Card as well as the Standard American Express green Charge card. I live at home with my parents and my outgoing rent etc is fairly minimal. I also have an Experian rating of excellent - it always falls between 961 and 999. This month it actually was 999. However, I am aware that these numbers and the whole credit rating thing are not always to be trusted.

With all this in mind, I just got declined for the Barclays Platinum card. I only earn about £12,000 a year. I was under the impression that adding more cards would increase the score on my profile. Did I get declined because of my fairly low salary and the fact that I already have three credit lines running?

Any help appreciated.

Comments

  • Nebulous2
    Nebulous2 Posts: 5,071
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    Are are you carrying any debt on the credit cards?
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    Most likely you don't meet the profile criteria for the customers that Barclays is looking to attract. 
  • Fumi
    Fumi Posts: 3
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    edited 21 February 2020 at 7:16PM
    Nebulous2 said:
    Are are you carrying any debt on the credit cards?
    No. I pay everything in full every month. I don't actually spend a great deal. I try to have between 5% and 10% card utilisation every month. I have never missed a payment either. All my cards are less than two years old.
  • Nebulous2
    Nebulous2 Posts: 5,071
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    I don't think the number of cards has much to do with it then. I suspect it is your income. 
    You don't need another one. Even if you have a goal such as a mortgage in mind, deposit and affordability will be more important than carrying more lines of credit.
  • Nebulous2 said:
    I don't think the number of cards has much to do with it then. I suspect it is your income. 
    You don't need another one. Even if you have a goal such as a mortgage in mind, deposit and affordability will be more important than carrying more lines of credit.
    That's probably good advice. Thank you.
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