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Valued Contributor
navigatethis12
Posts: 1,954
Registered: ‎01-24-2012
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Re: Best way to Recon Citi Diamond Preferred?

I am the same as you. Many new accounts, but utilisation at one or two percent, and still got declined for too many new accounts by Barclays.

Valued Contributor
crunching_numbers
Posts: 1,093
Registered: ‎02-15-2012
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Re: Best way to Recon Citi Diamond Preferred?


youngandcreditwrthy wrote:
So...
I took the plunge and apped for CDP recently. I got denied due to "too many recently opened accounts"
They pulled EQ. My score is like 700+. I've only opened Chase, Discover, and Amex in the past few months just to continue my transition in my credit journey to have "prime" accounts. Most of the success I've seen on the internet is with writing the Exec Office, which seems like a hassle, or getting an old lady to recon me. I was told to wait until I get the letter, which I've yet to receive. Lol... I feel like I could prob get somewhere without the letter though.

So what should I do? I feel dumb for gettin denied esp. since Ive busted my azzzz to get my fico this high and keep all of my stats in line. Surely, someone over at Citi gets that having a Citi card is better than have a Crapital1 card or "Orchard Bank" LOL?

I mean.... Get real Citi; I have a $10,500 Amex for God's sake!!!!!

Ideas? Thoughts? Lol

Citi gave me the Diamond Preferred card when I apped earlier this year. They gave me a $3000 CL.  After 6 months and no auto CLI, I called and asked for a CLI.  I was denied. The reason? Too much available unused credit from OTHER cards. If you look in my signature below, you will notice that one card is a way lower CL than everyone else, and that is Citi. I would not throw your high CL's on other cards out there as a reason, becuase that is the reason they denied me.


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (20.7K), BofA Travel Rewards ($17.5), B&N World MC ($17.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (15K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig ($8.6K), Disc It ($8K), Citi Dia Pref MC ($3.7K),Sam's D ($8.5K), Wally D ($7.5K), JCP($5.3K)
Frequent Contributor
Imua
Posts: 292
Registered: ‎01-17-2009
0

Re: Best way to Recon Citi Diamond Preferred?


youngandcreditwrthy wrote:
Lol denied reconsideration! Ugh! Too many accounts opened but I havent even used any of those stupid credit lines!!!

maybe the recon denial was because of the too many accts AND the unused CLs?

like: why does he want a new cc when he doesn't use what's available to him now?


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom visa $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Best way to Recon Citi Diamond Preferred?

Well... Do yall think if I offered to close a few accounts that they may approve me? I'm willing to close like Chevron and Amazon I think. That'd free up like $4500 of credit that they could extend me.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
AF_23
Posts: 288
Registered: ‎02-06-2012
0

Re: Best way to Recon Citi Diamond Preferred?

[ Edited ]

youngandcreditwrthy wrote:
Well... Do yall think if I offered to close a few accounts that they may approve me? I'm willing to close like Chevron and Amazon I think. That'd free up like $4500 of credit that they could extend me.

I dont think closing subprime cards is gonna make a difference to them. They hate INQs which would make sense as to why they also dislike new accounts with large tradelines like that regardless of your score. Citi really should be apped first in an app spree. 


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