Reply
Valued Contributor
Posts: 1,969
Registered: ‎01-24-2012
0

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
Posts: 1,093
Registered: ‎02-15-2012
0

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
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
Posts: 6,260
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| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|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
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. 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.