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I also got one of these 60 day letters, despite originally being approved with a ridiculously high credit limit (over £25k.) I honestly have no idea why they are closing the card – I haven’t done any MS on it, or even anything that could look like MS. I have linked the card to Curve and used it to buy some flights with an airline (to save on FX.) All seems really odd and unfortunate.
Any further info on this?
I’d like to cancel my HSBC Elite. But, with the potential threat of the Barclaycard being randomly cancelled, not sure what to do.
I also got one of these 60 day letters, despite originally being approved with a ridiculously high credit limit (over £25k.) I honestly have no idea why they are closing the card – I haven’t done any MS on it, or even anything that could look like MS. I have linked the card to Curve and used it to buy some flights with an airline (to save on FX.) All seems really odd and unfortunate.
About ten days ago, I bought some airline tickets in a foreign currency, behind Curve.
Not been shutdown as yet.Barclays did not ask for a proof of income so it is not that (my partner is not self employed).
My partner did not have any issue applying for the card. She got it relatively quickly.
I contacted Barclays and ask for a reason for the closure and all they said was “this decision has been taken by our concerned team and it can’t be reversed.”
At least the SUB was posted to BAEC. Hopefully the switch option will appear on my app in the future so I can get my own.
I am wondering whether this is Barclays, the bank, that I’ve heard a couple of stories about over decades.
Heard of a few instances where, without reason, Barclays pulled loans.
Always had the feeling about Barclays that there is a risk they will do this, without reason to someone who’s got a longstanding in-order loan with them, just because Barclays arbitrarily decides it has to reduce its exposure so someone with a loan gets picked.There is always small print allowing banks to do this – most don’t use it except in a crisis or if the loan is not in order.
So just wondering, is this Barclays the Bank, anecdotally that has a tradition going back decades for suddenly pulling back well-run credit out of the blue, just to suit themselves, behaving like this with credit cards?
As a poster above wondered, it looks like if you have other cards you had better hold on to them “just in case”.
How long have you held tha card and how close is spend to the assigned credit limit? They may just be surprised at how quickly you’ve put spend onto the card and that may have triggered a credit risk warning.
All in all the lessons learned from this recent card launch are that Barclaycard are a shambles and really can’t be trusted for any long term card user. I certainly wouldn’t put all my eggs in a Barclays Premier or Barclaycard Avios card bucket. Use and abuse for the sign up and then get as far away from them as possible.
How long have you held tha card and how close is spend to the assigned credit limit? They may just be surprised at how quickly you’ve put spend onto the card and that may have triggered a credit risk warning.
All in all the lessons learned from this recent card launch are that Barclaycard are a shambles and really can’t be trusted for any long term card user. I certainly wouldn’t put all my eggs in a Barclays Premier or Barclaycard Avios card bucket. Use and abuse for the sign up and then get as far away from them as possible.
To be fair to Barclaycard, I had the Barclaycard IHG card which was really good. And the Hilton card which I had twice and kept for several years. By the time they kicked me as a customer I had the Hilton card which was by far the easiest to put spend through, the Freedom Rewards and the Platinum Cashback card on the go at the same time. Never had any real issues with these cards.
Barclays Bank booted me for topping up Pingit with the Hilton card then withdrawing immediately. But to be fair if they didn’t shut down the account they would have ended up footing the bill for a private island at the Conrad Rangali or at least some nights in the Muraka Residence. I can’t even be mad at them for pulling the plug.
I’m surprised I even got accepted for the Avios card. I’d barely spent a few hundred before I got the 60 day letter.
- This reply was modified 55 years, 4 months ago by .
Also got this 60 day letter notice today as well. No income verification request or anything just notice of closing without notice. I had the card on curve. Barclay has bizzare risk policies. Well, I’m not not switching to Barclays Premier that’s for sure!
There does seem common usage of Curve here, I binned mine after losing my Creation IHG card and no I hadn’t MS just avoided currency charges and the occasional foreign cash withdrawal. Mrs Yorkieflyer doing exactly the same but less volume stayed under their radar
I for one aren’t risking another card I can’t replaceIs this as a result of advice HFP gave to Barclaycard when they were setting up the new Avios card?
Like watch out for SUB churning, Revolut, NS&I, anyone that uses Curve?Don’t think so, Rob was telling people that it can be used with Curve given the Apple Pay issues but Mr X on the other hand 🤔
Curve’s CEO emailed me to encourage me to do an article about the benefits of linking Curve to Barclaycard. It is (was) on the to-do list.
What I would say is that this card, on its own, must be losing money for Barclaycard. That’s a no-brainer statement given the cost of Avios vs interchange. If you are using Curve to remove their ability to earn FX fees from you or push through additional loss-making spend (vs what they expected from you when accepted) then I can imagine they would have issues.
Maybe you could have asked what they are doing in relation to Creation, like they’ve promised. And maybe how’s the lawsuit with Amex going.
Curve’s CEO emailed me to encourage me to do an article about the benefits of linking Curve to Barclaycard. It is (was) on the to-do list.
What I would say is that this card, on its own, must be losing money for Barclaycard. That’s a no-brainer statement given the cost of Avios vs interchange. If you are using Curve to remove their ability to earn FX fees from you or push through additional loss-making spend (vs what they expected from you when accepted) then I can imagine they would have issues.
So… does that mean we shouldn’t be using Curve for overseas transactions? Kind of defeats the whole point of the card in my opinion.
Curve’s CEO emailed me to encourage me to do an article about the benefits of linking Curve to Barclaycard. It is (was) on the to-do list.
What I would say is that this card, on its own, must be losing money for Barclaycard. That’s a no-brainer statement given the cost of Avios vs interchange. If you are using Curve to remove their ability to earn FX fees from you or push through additional loss-making spend (vs what they expected from you when accepted) then I can imagine they would have issues.
So… does that mean we shouldn’t be using Curve for overseas transactions? Kind of defeats the whole point of the card in my opinion.
Can’t the CEO of Curve afford to pay for his promotional content anymore, hence why he’s resorting to sending out begging emails instead?
Interesting debate on here, but have you thought maybe just asking them? You’re more likely to get the actual reason!
I find it troubling that Barclaycard (or anyone else for that matter) would close an account simply because the cardholder is displaying consumer-like behaviour and linking the card with Curve – a perfectly legitimate product that’s out there.
Would it not be better to make it clear up front in the agreement that the card will be closed if its linked to products like Curve?
All my transactions (99%) are made with Curve! Fingers crossed my account stayed open until I get my welcome bonus!
This all goes to show that you can’t assume anything with Curve. I do still use it occasionally with the Virgin card where cc’s aren’t accepted but I wouldn’t now link any card to it which I didn’t ultimately mind losing!
I have been using it on curve too and avios tracking, hope i dont get such a notice that my account is closing
I just downgraded to free barclays avios, and I am biting my nails if they’d close me, too. I am also one of the 99% “Curvist”s.
But unlike Rob, I don’t care if they lose money on me, I am pretty sure they have enough money and enough places to dodge paying taxes.
- This reply was modified 55 years, 4 months ago by .
I find it troubling that Barclaycard (or anyone else for that matter) would close an account simply because the cardholder is displaying consumer-like behaviour and linking the card with Curve – a perfectly legitimate product that’s out there.
Would it not be better to make it clear up front in the agreement that the card will be closed if its linked to products like Curve?
It awes me, too that a major bank resorts to the first rule of the club.
Or completely ignores fintech.This Curve is ok/isn’t ok malarkey is intolerable and can’t go on. Fine it’s relatively niche but it is FCA-regulated/approved so they have some responsibility here to clarify if a consumer choice on fintech here is going to throttle said customer’s credit options there. I’m inclined to ask them via professional channels.
A lot of people, like myself, will be using Curve purely because they haven’t got Apple Pay set up yet. If they want people to stop using Curve, then they need to get Apple Pay organised.
The Barclays Twitter feed is saying that Apple Pay comes tomorrow, which is also the date I was given a month ago. Not sure if the Twitter team has new news or is just rehashing news from last month!
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