This is the story of the WORST bank card software expertise I’ve ever had. I utilized for the Wyndham Earner Business Card from Barclays and it ended up being a complete nightmare. Watch to be taught what occurred! Learn find out how to use it & maximize the worth! Click “Show More” to see Ad Disclosure.
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BACKGROUND
This video is about my bank card software journey for the Wyndham Rewards Earner Business Card, issued by Barclays.
The welcome bonus was 90,000 Wyndham Rewards factors in 2 tiers:
– Tier 1: Earn 60,000 factors after spending $1K within the first 90 days
– Tier 2: Earn a further 30,000 factors after spending a complete of $2K within the first 6 months
Overall, it was fairly an extended journey, although finally, I acquired an approval 😀
(1a) MY CREDIT REPORT BEFORE APPLYING
Scores
– Experian: 789
– TransUnion: 810
– Equifax: 826
Inquiries
Experian: 9
– TransUnion: 4
– Equifax: 0
New Accounts
– In the previous 12 months: 2
– In the previous 24 months: 6
Average Age of Accounts / Average Age of Credit History
– 3 years, 9 months
Prior Relationship
– Barclays private bank card (AAdvantage Aviator)
– Barclays Online Savings account
(1b) MY CREDIT REPORT AFTER APPLYING
– TransUnion credit score rating dropped from 810 to 805 (5 level lower)
– TransUnion inquiry depend went from 4 to five (1 level improve)
– All different credit score components remained the identical
(2) RESULT + TIMELINE
– Applied on September 18, 2021
– Approved on October 13, 2021
– Received on October 22, 2021
– All in that was 34 days!
– I acquired an approval for a $1,000 credit score restrict
(3) HELPFUL BARCLAYS INFORMATION
– Check Application Status Online
– Barclays Reconsideration Line
(866) 408-4064
– Barclays Security Team
1 (866) 469-5977 | Operates 24 hours, 7 days per week
Recommended to name round midnight Eastern Time
– Barclays Mail
Card Services
P.O. Box 8834
Wilmington, DE 19899
– Barclays Fax
(866) 836-9595
Include cowl letter with Application ID
So in the long run, when you get denied for a bank card, it might probably nonetheless be price a name to the reconsideration crew to see if the choice could be reversed :]
And no, not all Barclays bank card functions are this tough 😀 Back in 2018 I obtained the AAdvantage Aviator Business Mastercard with an immediate approval on-line. Same held true for the AAdvantage Aviator Red Mastercard (private bank card) that I opened in 2017, it was an immediate on-line approval (this card account continues to be open as I publish this video, although I’ve downgraded it to the common AAdvantage Aviator card with no annual price).
My finest guess as to why this credit score software gave me a lot issue is as a result of I not too long ago moved, and a brand new handle in your credit score report can elevate flags for additional identification verification.
Disclosure: This web site is a part of an affiliate gross sales community and receives compensation for sending visitors to associate websites, comparable to CreditCards.com. This compensation could affect how and the place hyperlinks seem on this web site. This web site doesn’t embrace all monetary firms or all out there monetary provides. The content material on this video is correct as of the posting date. Some of the provides talked about could now not be out there. Mark Reese is just not a monetary advisor.
#creditcardapplication #barclayscreditcard #wyndhamearnerbusiness
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