@Lel wrote:
When you first opened this account, your credit report that Citi used to approve your CC didn't have those 3 other new accounts yet. They probably did a routine check of your credit report and saw all those new accounts and became alarmed that you suddenly had a lot of new credit. Having all those AUs probably didn't help either - after all, it just increases the number of people who could run up the balance on your card, regardless of the actual pattern of use that you've demonstrated.
When you said that nobody responded to Citi's requests for your income tax records, are you saying that the IRS failed to provide the information, or that you didn't comply with Citi's request?
+1. Lexa, this sucks having your card closed, but take a look at the scenario.
In a short period of time, you:
* aggressively added credit (4 new lines) in a recessionary credit-decreasing environment.
* added an extreme number of AUs to the account, when most would only add 1 or maybe 2.
* were subjected to a Financial Review by Citi which failed to complete.
Any one of the above might cause scrutiny. All 3 combined? You probably scared the TARP pants off of them! IMHO the combination of the above sunk your account. I don't think their "too much available credit" excuse has anything to do with it. It's just a lame excuse.
Again, very sorry for your credit card closing. If it were me, I would view this as a warning shot across the credit bow. Slow down and consolidate your winnings (age your new credit). Good luck!
