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Barclaycard Platinum - problem with balance transfer

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  • Nasqueron
    Nasqueron Posts: 10,658 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thanks for everyone's comments - thought I'd give you a quick update:

    I heard back from Barclaycard today that they reviewed my request to increase my credit limit and it has been declined.
    With nothing to lose, I applied for a 0% on balance transfers for 23 months with Nat West and was accepted with a £5100 limit.

    I will be requesting Barclaycard close my account.

    I suppose it goes to show that there really is no logic to all of this!

    Good luck to those who were in a similar situation to me!
    Personally I would keep the BC unless you have a good selection of other cards - at the very least it's a good way to keep your credit history running and improving by spending a small amount every month and paying off in full

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Nasqueron
    Nasqueron Posts: 10,658 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thanks for everyone's comments - thought I'd give you a quick update:

    I heard back from Barclaycard today that they reviewed my request to increase my credit limit and it has been declined.
    With nothing to lose, I applied for a 0% on balance transfers for 23 months with Nat West and was accepted with a £5100 limit.

    I will be requesting Barclaycard close my account.

    I suppose it goes to show that there really is no logic to all of this!

    Good luck to those who were in a similar situation to me!
    Personally I would keep the BC unless you have a good selection of other cards - at the very least it's a good way to keep your credit history running and improving by spending a small amount every month and paying off in full

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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