Barclays BT Question

[busted2]

Barclays MC was tossing me beautiful BT offers. Example: 12 months, O% int, 2% fee., etc. I could direct deposit to my bank account. Everything huggy face kissy poo. Second highest limit (even now.) One BT for $5000 PIF. Six months later BT $8000 PIF.

Did downgrade from $89 card to free one a year ago. 

 

For the last six months current offer: 23% int, 3% fee, no direct deposit, creditor payment only. My data points steady Freddy. Mid-High 700’s. Well under 8.9% overall, all usual advice followed, not credit seeking, only one reporting balance, etc. etc.

I realize their is no direct answers, endless data points, yet any random thoughts? Curious.

 

Thank you.

[shifter]

Either they got tired of losing money on you because you PIF before the interest kicked in or it's just typical shifting sands in corporate marketing strategy. 

[busted2]

So the BT fee 1-2-3% alone might not be attractive enough, maybe. The shifting sands strategy is as good a guess as any, too. Thanks.

[bigpoppa09]

5 hours ago, busted2 said:

Barclays MC was tossing me beautiful BT offers. Example: 12 months, O% int, 2% fee., etc. I could direct deposit to my bank account. Everything huggy face kissy poo. Second highest limit (even now.) One BT for $5000 PIF. Six months later BT $8000 PIF.

Did downgrade from $89 card to free one a year ago. 

 

For the last six months current offer: 23% int, 3% fee, no direct deposit, creditor payment only. My data points steady Freddy. Mid-High 700’s. Well under 8.9% overall, all usual advice followed, not credit seeking, only one reporting balance, etc. etc.

I realize their is no direct answers, endless data points, yet any random thoughts? Curious.

 

Thank you.

Sir Barclay's use to send me BT checks 0% for 12 months and a 1% fee. I haven't got any in a while now they may have shifted gears as others mentioned. 

[centex]

The high APR terms are what I have been seeing for the past few years...never understood why they believe it is an attractive offer, but then again, their constant refusal to give a line increase ALSO makes little sense.  Suffice it to say, they don't get business from me except and unless I absolutely have no choice but to fly Frontier...

[hdporter]

Does anyone who has taken advantage of 0% rate offers think the gravy train would last forever (even with the hordes of consumers who would eventually pay dearly for such credit extensions after the promo rate lapsed)?

 

But, yeah, our Barclays 0% offers appear to have dried up since beginning sometime this last summer.  I don't see this so much as "shifting sands" but, instead, more conservative lending practices as elements of the economy get tighter.

 

For that matter, bt offers from the general array of my issuers have become leaner.  4%/5% transfer fees, 0.99% promo rates and shorter promo periods are becoming the norm.  (In fact, if you haven't take advantage of the Chase Slate 0% bt, no fee intro offer, I'd expect the window could likely close sometime soon.)