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Many voices are hyping now, now, now as the time to act on a Barclaycard Arrival before it’s minimum spend to earn a 40,000 point sign-up bonus increases from $1,000 to $3,000 at some quickly looming doomsday.
In mid-2012 I got my first US Airways card, and in December 2013 I got 4 cards at once, penning Barclays Credit Cards 101, and How Many Can You Get at Once, 4, 5 or More? Many had similar experiences.
Then in 2013 Barclaycard drastically tightened their credit card approval practices and show no signs of letting up. I have tried twice for Arrival, twice for Lufthansa, once for US Airways Business, are 3-6 month intervals, the most recent today as part of pre-planned applications. Always denied. Reconsideration, from analyst to supervisor always the same story:
- Too many applications with Barclaycard;
- Too many new accounts with other banks;
- More than enough credit already extended on existing cards;
- Not long enough history with existing Barclaycard cards.
- Not enough usage of existing Barclaycard cards. Even though I have consistently put about $500/month on each card these have been cited as insufficient because of not enough everyday spend. They expect to see primary card-level usage of all types of transactions.
Closing accounts or offers to move credit rarely makes a difference.
Anecdotal reports from friends and on the forums are remarkably consistent. About the only people getting multiple cards are first-time Barclaycard applicants. And even just one card approval are mainly people with Barclaycard accounts aged several years with high usage.
So here’s my recommendation:
If you are new to Barlcaycard and new to credit card churning overall: try for several cards at once, assuming you won’t get any new cards for a year or more. Make them count. Perhaps hold off until Lufthansa 50k is back. The Hawaiian cards are now with Barclaycard. US Airways still has good offers. Plan on using any new cards a lot and hold off Barclaycard applications for at least 6 months, maybe 12. Think this through and go for a score when you are ready.
If you recently (2 years or less) got Barclaycardcards, plus of a lot of other credit cards: if you give Arrival a try, expect to be disappointed and maybe be surprised. Make sure it is the #1 Barclaycard card you want for this year.
If you are a longtime Barclaycard cardholder and have not been churning credit cards: then you probably are not reading this. If you are, and try for it, let me know your results.
If you do decide to apply, yes, I have a referral link that pays me commission, consider using it: Barclaycard Arrival Plus™ World Elite MasterCard®.