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Thread: Barclay Credit Card Closed my Account

  1. #1
    trkman is offline Newbie
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    Jul 2004
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    Barclay Credit Card Closed my Account

    I just received a new Barclay Credit Card 60 days ago & friday 6-22-12 they closed my account states that my account has too many inquiries since it was open i have 8 inquiries now had 4 when i was approved two months ago

    i just want to know can they do this?
    Is this legal?

    any advise would be helpful

    thanks

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  3. #2
    JoshuaHeckathorn's Avatar
    JoshuaHeckathorn is offline Administrator
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    Re: Barclay Credit Card Closed my Account

    Wow, I've actually never heard of that before. Have you been applying for other credit cards, or other types of loans?

    Credit card issuers are essentially able to close an account for any reason, and the credit card statement you signed probably gives them full authority to do that. Did they give you any notice prior to closing the account?

  4. #3
    trkman is offline Newbie
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    Re: Barclay Credit Card Closed my Account

    no notice
    when i called they responded that my inquiries are too many now
    but when i was approved there were only 4 inquiries
    they just closed my account because i have 8 inquiries now

    thanks

  5. #4
    JoshuaHeckathorn's Avatar
    JoshuaHeckathorn is offline Administrator
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    Re: Barclay Credit Card Closed my Account

    It's a shame they didn't provide any notice, but they actually aren't required to. Unfortunately, there's really not much you can do other than write a letter to them and complain.

  6. #5
    jam237 is offline Senior Member
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    Re: Barclay Credit Card Closed my Account

    With as many "pretty, pretty please"'s as you can fit into a letter...
    JoshuaHeckathorn likes this.
    --
    jam
    An educated consumer.

    Daniel Webster: You seem to have an excellent acquaintance with the law, Sir.
    Scratch: Sir, that is no fault of mine. Where I come from, we have always gotten the pick of the Bar.
    The Devil and Daniel Webster, Stephen Vincent Benet

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