Here was my strategy for my latest US Airways application… I had one other open US Airways card at the end of December. My 10K anniversary bonus and 15K spend bonus had just posted and so I decided to downgrade my card to one of their fee free offerings (there were three choices). Although Barclays considers your total credit line when deciding whether to approve a new application, I didn’t want to lower my credit score by simply losing my entire line of credit with Barclays. I also figured that my credit line of 12.5K wouldn’t necessarily prevent me from obtaining an additional card.
I had the new fee free card within three days and then started a 30 day clock (a number I randomly selected). Lately, Barclays has been considering a few main factors for new application approvals:
1) Do you currently have an existing US Airways card? I figured after 30 days my answer would be no (there are still reports of approvals for current cardholders obtaining an additional card but they are a lot less common than just a few months ago).
2) Do you have too much outstanding credit with Barclays? At $12,500 I felt that I was comfortable with this metric as well (my total lines with Chase, AMEX, and Citi are much higher) and didn’t send them a direct message to lower my credit line.
3) Has it been at least 6 months between applications? Yes, my last Barclays card (arrival+, since cancelled) was obtained in May 2015 and the US fee free downgrade to another product was not considered a new application.
Result – This morning I was instantly approved with another credit line of $12,500 for my 5th US Airways card! I used all the same information as my previous cards – US Airways account number, email address, phone number, etc.
Between spend and anniversary bonuses, I’d say I’ve received at least 250,000 US Airways miles courtesy of Barclays!
No one knows for sure when this card is going away, but I decided to apply now prior to any AAdvantage / Dividend Miles integration.
Check out this Flyertalk thread for full details on strategies and the best current offers. I went with the 50,000 first purchase offer with an annual fee of $89. There are currently no live no-fee offers available.
Worried about your credit score? Mine is currently 840, check out the posts below to see how to maintain a high credit score while applying for new cards.
- Building Up US Miles for the AA Merger – Time to Take AAdvantage, Full List of Offers! (Disregard the credit card offers in that post, they are no longer valid)
- Part 1 – Credit Card App Advice from a Senior VP of Credit Approval & Risk.
- Part 2 – Revealing Credit Card Interview – Senior VP of Credit Approval & Risk
- Part 3 – Revealing Credit Card Interview – Senior VP of Credit Approval & Risk – Reader Questions