@Anonymous wrote:
Hey everyone, I'm getting preapproved offers for the citi double cash. I like its no hassle cash rewards program and its 2% cash back so it's worth it to me rather than remembering rotating categories and all that. Anyways, I want to make this my regular credit card for everyday purchases. I really want to get approved, can someone who has been approved or knows credit very well (it seems like everyone here does) let me know how risky of a shot I'm taking?
Scores are 760+ on all of them. However AAoA is only 2 years and oldest account is a little more than 6 years. All accounts have around 8-10ish inquiries because I did an app spree in dec 2013, however, in the last year I only have 1 inquiry for a chase slate app in november 2014 so that was 8ish months ago. I also have an inquiry for an auto loan from two months ago but I concluded I didn't want to take a loan out so it's kind of like a wasted hard pull (was 768 at the time). Will they be alarmed at my inquiry from the auto loan even though I didn't take the loan offer? I hope that doesn't ruin my chances. In the last six months all I have is that auto loan inquiry. I have no baddies and have 7 credit cards and two closed credit cards all paid off etc. Keeping utilization less than 10% too. However, my total credit is about 20k which matches my income which is about 20k. I doubt I'd get a decent credit limit especially with my low AAoA. Think it's worth it? Or too risky? I'd hate to get approved with $500 since I'm trying to make it my main card.... Also the reason Im so cautious is because last year I was getting pre approved offers for quicksilver from crapital one left and right and they flat out denied me and said I had too many inquiries... which they added 3 to! So yea Im done with crapital one, Im just hoping I don't get the same experience with citi...
Thanks in advanced!
My credit background is similar to yours when I app'd back in January. They pulled my EQ and EX report which was ~755 I believe. My AAoA was 2 years, 5 months with my oldest account being 6 years as well. My EQ had 2 INQ's and my EXP had 5 or 6 INQ's.
I had <10% util on all my CC's. I was approved for $5.2k originally with 17.99% APR I think. At the time, my income was $42,500.
I think a big part that led to me getting a fairly generous CL was the fact that I already had a card with them (Forward) for close to 3 years and its limit was $5k.
As always though, YMMV.
If you don't like Citi's cashback system, there is the Fidelity Amex 2% CB, NFCU 1.5% CB, FNBO 1.5% CB (not sure if still available or just targetted offer only), and the Cap One Quicksilver 1.5% CB.
Not a fan of anything CapOne personally. Dat triple pull is the pits.
