Oh, Barclay’s bank. In the last 12 months, you have really stepped up your game. You’ve been getting aggressive with sign-up bonuses and perks on your rewards credit cards, and I like it. A lot.
Barclays being aggressive in this space is great for us because:
1.) Barclays pulls Transunion which is pulled far less than the others, so your personal credit score stays unscathed.
2.) Competition between banks is good for consumers and will lead to higher offers.
3.) Diversifying away from Amex, Citi, and Chase is good.
The offers on the Barclays cards are the best I’ve seen them, ever. Look at all the options we have now from Barclays:
- Premier Miles & More World MasterCard® (Expired)
- The US Airways® Premier World MasterCard® – 40,000 miles on FIRST purchase (Expired)
- Barclaycard Arrival® Plus World Elite Mastercard® – 70,000 bonus miles after spending $5,000 on purchases in the first 90 days (Expired)
- The Hawaiian Airlines® World Elite MasterCard® – 35,000 miles after spending $1,000 in 3 months (Expired)
- The Frontier Airlines World MasterCard® – 40,000 miles after spending $500 in 3 months (Expired)
That’s a nice stall of travel rewards credit cards. They are definitely making it hard for you to choose.
Beyond releasing new products and raising offers on their cards, Barclays has become stingier on approvals. That’s not great for people who maximize rewards cards and understand the tremendous value in them.
But, there are things you can do to increase your chances of being approved for another Barclays card.
1. Spend on your current Barclays cards
First of all, you must use your Barclays cards at least ONCE every 6 months. I set up to receive an email or SMS notification from Card Watchdog to remind me of this on all of my Barclays cards.
From my experience, the amount you spend on your current Barclays cards doesn’t have to be extravagant. You just want to show some activity before applying for more Barclays cards.
2. Close your current Barclays cards
There used to be a day when you could sign up for the same card over and over again. I currently hold two US Airways cards. But if I wanted to get a third, I would most likely be denied now. But I could give myself a chance if I closed my two current US Airways cards and then re-applied in a handful of months. I don’t think I’m going to that, but I have read reports of this working for others. This isn’t a foolproof plan, but you’re giving yourself a shot.
3. Be patient
From reader feedback and forums, it appears that Barclays is limiting consumers to two credit cards per year. That’s one every 6 months. Something else I do when applying for a Barclays is to apply for it first if I’m adding other cards to a round of applications. This will help get your application in with less initial inquiries on your report, which should increase your chances.
4. Know the reconsideration process
If you’re not instantly approved for your Barclays credit card, you may have to go through the reconsideration process. During the reconsideration steps, be willing to move around existing credit on your Barclays cards, or close one to approve a new one. Also, be prepared to answer questions on income, need for the card, and ALWAYS tell them about your good credit score and payment history. And, maybe the most important piece of advice, be polite and make a little small talk. The rep you get does matter, so don’t be scared to call back again in a couple of days if they’re unwilling to work with you.
The phone number to call is 866-408-4064.
My last experience
Ok, so I (And by I, I mean Jordan) just applied for the 50,000 (now expired) Premier Miles & More World MasterCard® card, which I wrote about here. She currently holds the US Airways card which she applied for in early 2013 and the Arrival card which she applied for in September 2013.
I ran some spending through the US Airways card because it hadn’t had any in a couple of months, but her Arrival already had some spending on it, so we were good there.
The week before this offer came out, Jordan applied for a couple of cards, but her most recent apps before that were from September because we were house shopping. Glad to get that over with. Gimme miles.
So, she wasn’t instantly approved for the Lufthansa card. But I didn’t cry. Instead, we called the reconsideration line, where all she had to do was move over some pre-existing credit from her US Airways card in order to open the new card up. Pretty uneventful, which is how I like it.
It’s great to see Barclays increasing their sign-up bonuses on their cards. But they can be quirky, so it’s important to know some techniques to help your chances of approvals.
I hope this helps if you’ve been eyeing one of their cards, and don’t hesitate to reach out if you have any questions.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.