Barclaycard Forward

MoneyMan98

PRAISETHESUN said:

My first card had a £200 limit... gotta start somewhere!

For sure! Sorry if I have come across ungrateful for the £50 limit, that is not the case 

MoneyMan98

MattMattMattUK said:

MoneyMan98 said:

I did get an email that I can unlock a limit 'up to £800' if I send my payslips. 

MoneyMan98 said:

Oh Sure.. 100% I was just hoping for a higher limit to make a bit more of an impact with balances/ utilisation etc 

Why not just send them the pay slips, then you can have an £800 credit limit? If you are looking to build a healthy credit record that is more than enough, any more than that and it would appear that you were seeking to rack up debt again.

I have I would be more than happy with £200 limit, I 100% don't want more than 800

MoneyMan98

adamp87 said:

MoneyMan98 said:

adamp87 said:

Sounds like they just want proof of salary. They wouldn’t have offered the card and then sent that email without knowing your history

Thank you, so probably increasing that £50 limit that wont help me rebuild credit really hahah

Of course it well if used right. £800 is much better than a £50 limit for utilisation and in point of having the card

Thank you 

cymruchris

MoneyMan98 said:

PRAISETHESUN said:

My first card had a £200 limit... gotta start somewhere!

For sure! Sorry if I have come across ungrateful for the £50 limit, that is not the case 

It's only a £50 limit until they verify your income. It's just a safeguard - in case you're 'really' unemployed. Once they've verified income - you'll get the £800 limit - unless you've falsified your income of course.

MattMattMattUK

MoneyMan98 said:

I have submitted my slips to see if I will get the increase, I was more asking if anyone has had the same correspondence and if they got the full £800 with it saying 'up to £800' 

The "up to" will probably depend on how your pay is structured, regular hours, overtime, commission, bonuses, furlough etc. if you are on a fixed wage of £30k pa then it is likely that you will get the £800 limit, if you are on a basic of minimum wage, but have a high percentage which is not guaranteed such as commission or overtime then they may offer a lower limit. 

funkycredit

Don't they usually say they'll close it if you don't send proof of income within 45 days? I had similar on platinum card. Given £200 limit but raised to £3500 if I uploaded payslips. 

Mine quite clearly said if I didn't upload the payslips or statements they'd close it in 45 days. 

I did it and my limit was updated within a day. To the limit they could "unlock" - £3500. 

MoneyMan98

funkycredit said:

Don't they usually say they'll close it if you don't send proof of income within 45 days? I had similar on platinum card. Given £200 limit but raised to £3500 if I uploaded payslips. 

Mine quite clearly said if I didn't upload the payslips or statements they'd close it in 45 days. 

I did it and my limit was updated within a day. To the limit they could "unlock" - £3500. 

A good to know, mine looked slightly different and didn't mention closing within 45 days if I didn't supply data.. just said £50 would remain.

MoneyMan98

Just been approved for the £800 limit... but now Barclays just closed my current account with no explanation at all.. only opened Sunday?

adamp87

I don’t think Barclays the bank and Barclaycard act together as you would think do they?

Your account closing could be anything but usually a fraud marker or something has triggered. The should send you a letter.

or perhaps something on your credit files spooked them

cymruchris

What makes you think they've closed the account? What did they say or do?