06-23-2008 07:14 AM
06-23-2008 07:18 AM
06-23-2008 07:23 AM
Hi,I just got what I think is a great offer in the mail today for a Citi Platinum card which I am "pre-approved" for. The card details are:0% Apr purchases and transfers until July 20098.99% Fixed thereafterNot sure of the BT feesLooks like a pretty good, very basic card offer. No rewards, but it has a very low APR, which is good if you carry balances. I would expect BT fees to be 3%. Is this a Citi Platinum Select card?My credit is:$1800 of $6000 on HSBC Union Plus card - this is the amount I want to transfer$500 of $1800 on WAMU$0 of $2000 on chasevarious student loans totalling about $15kTransunion Credit score: 718 Where did you get this score? If it's not a FICO score, you should not pay any attention to it. Also, Citi may not pull TU. You need to find out what all three *real* FICOs are.Only negatives are 2 student loans that have been consolidated that are 6 years old (but were 180 days late due to an issue with the consolidation processing).How old are the lates?My questions are:Am I guaranteed this card because it is "preapproved"?No. There is no such thing as a guaranteed preapproval. It is still possible to be denied.What do you think based on my credit lines, utilization, and score that I would get approved?Your utilization is not so bad. It will be important to find out how old the 180-day lates are, as well as your current, *real* FICO scores.If I am approved, what do you think my CL will be?No idea. That depends on so many other factors we don't have, like household income and FICO scores.Anyone else ever get this offer, and what you end up qualifying for from them?Thanks!
06-23-2008 07:23 AM
06-23-2008 07:39 AM
06-23-2008 07:40 AM
Just because the inquiry showing up on your credit report along with the possibility of a new account may scare away picky lenders. Over applying for one card, I wouldn't worry too terribly much, but your scores might take a minor dip in the few months following opening the new account.
Artzdelux wrote:If I were to be looking to buy a car/ house in the next 6 months, would your recommendation be different and if so why? (credit novice here).
06-23-2008 07:51 AM - edited 06-23-2008 07:52 AM
This is a Citi Platinum Select card. I am not looking to make any large purchases in the next 6 months, just transfer the balace to a 0% to pay it off. If I were to be looking to buy a car/ house in the next 6 months, would your recommendation be different and if so why? (credit novice here).The Transunion score is through my WAMU card, which provides credit history information.
06-23-2008 07:55 AM
06-23-2008 07:58 AM
The lates were back in 2002, 1 year away from dropping off my report totally. where/ how would you suggest that I get all 3 scores in the most cost-effective manner?
06-23-2008 11:20 AM