Should I apply for Citi TY?

[Jamex]

Got a mailer today saying I'm "pre-selected to apply" for the ThankYou Preferred card. It does offer me a specific APR of 19.99%, rather than a range. I'm on the fence because:

I've had a Citi Dividend card since 2005, and they've kept me at a 2500 CL since 2006. Have asked for CLIs every 90 days for the past 2 yrs and been denied every time. Each time the letter cites a "delinquent credit obligation, paid or unpaid."

My Dividend card was briefly closed back in 2007 due to payment issues, but I rehabbed it - perfect payment history since, and the lates from this card are not on my CR anymore

The big baddy on my CR is an unpaid auto CO for 19k from 2010. Last month the lender updated my CR and did it again this month, showing the 19k as a past due balance. My score dropped a lot at first, then bounced back pretty quick to the high 600s. Two other baddies are a paid CO to a cell phone company in 2010, and several 120-day lates on student loans (now paid in full) from 2008-09.

The main reason I'd be applying is to take advantage of the 0% for 15 months to pay off holiday spending. 

Any thoughts on whether I should go for it? My current util is about 40%. 3 INQs on EX, 2 on EQ. All INQs are at least 6 months old.

[ojefferyo]

---

@Jamex wrote:

Got a mailer today saying I'm "pre-selected to apply" for the ThankYou Preferred card. It does offer me a specific APR of 19.99%, rather than a range. I'm on the fence because:

I've had a Citi Dividend card since 2005, and they've kept me at a 2500 CL since 2006. Have asked for CLIs every 90 days for the past 2 yrs and been denied every time. Each time the letter cites a "delinquent credit obligation, paid or unpaid."

My Dividend card was briefly closed back in 2007 due to payment issues, but I rehabbed it - perfect payment history since, and the lates from this card are not on my CR anymore

The big baddy on my CR is an unpaid auto CO for 19k from 2010. Last month the lender updated my CR and did it again this month, showing the 19k as a past due balance. My score dropped a lot at first, then bounced back pretty quick to the high 600s. Two other baddies are a paid CO to a cell phone company in 2010, and several 120-day lates on student loans (now paid in full) from 2008-09.

The main reason I'd be applying is to take advantage of the 0% for 15 months to pay off holiday spending. 

Any thoughts on whether I should go for it? My current util is about 40%. 3 INQs on EX, 2 on EQ. All INQs are at least 6 months old.

---

They may deny you for that CO being updated along with the 40% util.

[Jamex]

Should have listened to ojefferyo. Applied, they HP'd EX and EQ, denied. 

I'll wait till I get my letter and then give recon a shot, but given what I've read about Citi I'm not too optimistic.

Back to rebuilding/gardening for a while.