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  • FIRST POST
    • Jlawson118
    • By Jlawson118 12th Aug 18, 6:45 PM
    • 975Posts
    • 132Thanks
    Jlawson118
    No monthly offers from Barclaycard?
    • #1
    • 12th Aug 18, 6:45 PM
    No monthly offers from Barclaycard? 12th Aug 18 at 6:45 PM
    I've had a Barclaycard Reward card for around two years now, and they've usually offered me a money transfer and/or balance transfer each month. To a point I've often joked about them constantly forcing me to become a customer when I already am one.

    I've taken them up on the offer last July when money was tight at the time but it was soon paid back in September. I've managed to build up a good reputation with them over the last few years and they've even increased my limit to 10,000.

    Now I'm currently looking to make a large purchase and would like to make one of the money transfers so that I can use my AMEX card for points and then pay it off in full, paying the CC off in monthly instalments. And it's just typical that this is the first and only month that Barclaycard aren't giving me any offers!

    Is there any reason behind this? And/Or will the option be there available soon?
Page 1
    • zx81
    • By zx81 12th Aug 18, 6:48 PM
    • 19,055 Posts
    • 20,297 Thanks
    zx81
    • #2
    • 12th Aug 18, 6:48 PM
    • #2
    • 12th Aug 18, 6:48 PM
    You're not in their target market for this month, but may be in future.
    • foxy-stoat
    • By foxy-stoat 13th Aug 18, 9:30 AM
    • 2,815 Posts
    • 1,593 Thanks
    foxy-stoat
    • #3
    • 13th Aug 18, 9:30 AM
    • #3
    • 13th Aug 18, 9:30 AM
    My Barclaycard has not had any offers for months - you could call their customer service line and see if there are any offers they can offer you.
    • Jlawson118
    • By Jlawson118 13th Aug 18, 9:47 AM
    • 975 Posts
    • 132 Thanks
    Jlawson118
    • #4
    • 13th Aug 18, 9:47 AM
    • #4
    • 13th Aug 18, 9:47 AM
    You're not in their target market for this month, but may be in future.
    Originally posted by zx81
    How do they usually work out their target market as such? Credit references perhaps?
    • zx81
    • By zx81 13th Aug 18, 9:49 AM
    • 19,055 Posts
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    zx81
    • #5
    • 13th Aug 18, 9:49 AM
    • #5
    • 13th Aug 18, 9:49 AM
    In part. Also previous usage, profitability, cohort profiling and so on.
    • Jlawson118
    • By Jlawson118 13th Aug 18, 9:55 AM
    • 975 Posts
    • 132 Thanks
    Jlawson118
    • #6
    • 13th Aug 18, 9:55 AM
    • #6
    • 13th Aug 18, 9:55 AM
    In part. Also previous usage, profitability, cohort profiling and so on.
    Originally posted by zx81
    Oh right! So just one last thing I'm wondering about whilst I've started this thread. I currently have the First Direct BT card, opened it around April time with 27 months at 0%.

    In April I transferred around 2000 to it, now there's a balance of 700. With approximately 23 months left at '0%' if I was to make a second BT, would that join in with the 0% or would I start generating interest?
    • zx81
    • By zx81 13th Aug 18, 9:58 AM
    • 19,055 Posts
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    zx81
    • #7
    • 13th Aug 18, 9:58 AM
    • #7
    • 13th Aug 18, 9:58 AM
    If the promo window is still open, then you would get the 0% offer.

    But the period to transfer within is not always the same length as the promo period itself.
    • Jlawson118
    • By Jlawson118 13th Aug 18, 9:59 AM
    • 975 Posts
    • 132 Thanks
    Jlawson118
    • #8
    • 13th Aug 18, 9:59 AM
    • #8
    • 13th Aug 18, 9:59 AM
    If the promo window is still open, then you would get the 0% offer.

    But the period to transfer within is not always the same length as the promo period itself.
    Originally posted by zx81
    Right okay, I'd have to give them a ring and find out I can't see anything about a window on their website which I've noticed before on other offers, so I might just transfer the balance to there without worrying about Barclaycard
    • Superscrooge
    • By Superscrooge 14th Aug 18, 7:43 PM
    • 1,089 Posts
    • 786 Thanks
    Superscrooge
    • #9
    • 14th Aug 18, 7:43 PM
    • #9
    • 14th Aug 18, 7:43 PM
    In the First Direct Visa T&C's it states

    *The rate for balance transfers is 0% interest for 27 months when you make a balance transfer within three months of opening your account.

    So if it is more than 3 months since opening the account, any more BT's will no longer be at 0%
    • jonesMUFCforever
    • By jonesMUFCforever 14th Aug 18, 10:05 PM
    • 25,227 Posts
    • 12,468 Thanks
    jonesMUFCforever
    If you have already opened a new card this year and used it for a balance transfer their systems might have picked this up through the CRA's and a business decision (all done by computers so nothing personal) not to offer you anything for now.
    It might change again in the future.
    What goes around - comes around
    give lots and you will always receive lots
    • sonuenjoys
    • By sonuenjoys 20th Aug 18, 12:03 AM
    • 35 Posts
    • 17 Thanks
    sonuenjoys
    barclaycard has an internal scoring system basis your account performance like repayments, debt ratio, etc.

    If your score is not high then you may not get an offer

    However recently they are offering BT at the purchase rate of your card. Ring them coz its an internal offer.
    • mro
    • By mro 21st Aug 18, 9:32 PM
    • 729 Posts
    • 652 Thanks
    mro
    See this similiar thread

    Barclaycard- no transfer offers?
    https://forums.moneysavingexpert.com/showthread.php?t=5656094
    • mro
    • By mro 21st Aug 18, 9:34 PM
    • 729 Posts
    • 652 Thanks
    mro
    barclaycard has an internal scoring system basis your account performance like repayments, debt ratio, etc.

    If your score is not high then you may not get an offer

    However recently they are offering BT at the purchase rate of your card. Ring them coz its an internal offer.
    Originally posted by sonuenjoys
    That doesn't explain why offers have dried up in last 6+ months when people were always getting regular offers.
    • T-G-C
    • By T-G-C 21st Aug 18, 11:25 PM
    • 416 Posts
    • 198 Thanks
    T-G-C
    There is no obligation for them to serve offers, it does not form part of the credit agreement you signed with them upon approval.

    That being said, there are numerous factors that contribute the distribution of offers. This includes, but is not limited to; internal credit scoring, information from CRAs, account usage data, target financial demographic and past offer history.

    You can call them to query this, however if the system has not allocated one automatically, it is unlikely they will be able to generate one manually. This does not include appeasements during a request for account closure or a valid complaint. I recommend waiting for a few months, as offers may start to return frequently.
    All advice provided is intended for guidance purposes only. For specialized debt advice, please contact either National Debtline or StepChange.
    • sonuenjoys
    • By sonuenjoys 22nd Aug 18, 1:02 AM
    • 35 Posts
    • 17 Thanks
    sonuenjoys
    They have also stopped increasing credit limits the way they used to provide in the past. This seems like Barclays is not so keen in investing in credit card anymore. One more reason why you do not see 0% balance or money transfer offers is because Barclays do not wish to take liability of other cards onto Barclaycard for just a mere transfer fee of 2-3% which is worth nothing in today's world. You can still find 6.9% and purchase rate BT.
    • T-G-C
    • By T-G-C 22nd Aug 18, 1:13 AM
    • 416 Posts
    • 198 Thanks
    T-G-C
    They have also stopped increasing credit limits the way they used to provide in the past. This seems like Barclays is not so keen in investing in credit card anymore. One more reason why you do not see 0% balance or money transfer offers is because Barclays do not wish to take liability of other cards onto Barclaycard for just a mere transfer fee of 2-3% which is worth nothing in today's world. You can still find 6.9% and purchase rate BT.
    Originally posted by sonuenjoys
    You are basing that on your own experience. Even if you are not witnessing increases on your own account, this does not demonstrate a cutback on a wider scale.

    Some customers are less prone to increases for a number of reasons. Others can be showered with them, especially those with an impeccable credit file and a low but active utilization of the facilities.

    I believe Barclays are still thriving in the credit card market and don't have plans to drawback on a wider scale in the near future.
    All advice provided is intended for guidance purposes only. For specialized debt advice, please contact either National Debtline or StepChange.
    • sonuenjoys
    • By sonuenjoys 22nd Aug 18, 1:31 AM
    • 35 Posts
    • 17 Thanks
    sonuenjoys
    Im not talking about my experience, i have read posts about limit increases.

    I would still stick to the below:

    One more reason why you do not see 0% balance or money transfer offers is because Barclays do not wish to take liability of other cards onto Barclaycard for just a mere transfer fee of 2-3% which is worth nothing in today's world. You can still find 6.9% and purchase rate BT.
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