07-12-2010 04:20 PM - edited 07-14-2010 10:43 AM
I received a Citi Platinum Select MasterCard application invitation in the mail. It didn't say anything about being pre-approved but it had an "Invitation Code". I've got several baddies on my report including collections and some lates (all are due to age off in the next 3-12 months), so as soon as I saw the Citi logo I thought "yeah, right, a prime card with my report".
On the other hand, I figured "what's another inquiry at this point", so I pulled the trigger. Instant approval! With a $2,000 credit limit none the less! I got 16.99% APR with 0% for 15 months!
This is a huge accomplishment for me, two years ago at this time my score was in the 400s and not even the lowest sub-prime secured cards would take me. Now I am getting a prime card from a prime bank with a 2k limit!
Thanks for all the help MyFICO forum! I've learned a lot here and have been watching my credit score grow (slowly) as a result. I now have reached my goal of 2 bank cards and 1 store card. So this is probably the last card I will apply for (at least for a couple years). Now I need to get (and pay off) an installment loan and in a year or two I should be able to look at buying a house.
My current EQ score is 671, don't know what the other score are right now.
07-12-2010 04:25 PM - edited 07-12-2010 04:27 PM
I'd sock-drawer those other cards- why keep spending on them if they never grow with you.
Also: After 6 months check the Citicard website for a link for auto CLI. My first one after 6 months was auto $1700 increase.
BTW: Congrats I got mine last year I think my scores were like 680-690ish at the time. I love this card. I like the way it looks and the high CL's- I used the hell out of it when I got it.
07-12-2010 05:04 PM
whats the catch?
they gave you a $2000.00 limit, and your other limits are barely $500.00?
If I can get them, I defiantely ditch Orchard.
My Cards are....
Wells Fargo Student Visa - $700 CL (just got last week)
Orchard - $300
Macys - $500
Walmart - $425
Dell - $2000
I want one more major credit card to replace Orchard. Orchard will never grown, and it pointless to have.
Ill try and apply maybe in August for my birthday.
WHat is your income like. Im sure it might have played a large part, mine if pretty low being im a student.
07-14-2010 10:47 AM
No catch as far as I have seen. It's a good card with a good rate and no annual fee. Honestly, I don't know why they approved me with such a mediocre report, but I am grateful, this will be a card that I will probably keep forever.
My annual income is $37k.
07-14-2010 11:35 AM
cool ill try and get one too. My income is similar.
07-14-2010 05:49 PM - edited 07-14-2010 06:40 PM
CONGRATULATIONS!! I just got approved too but only got a 1,000 dollar credit limit. My Equifax score is 673 but utilization is high.Are you going to do a balance transfer? If so how much?
07-15-2010 08:35 AM
Are you going to do a balance transfer? If so how much?
I don't have any balances to transfer. I've managed to live on the cash system for 8 years, and my current cards are so small that I always just pay them off every 2 weeks when I get a pay check.
07-15-2010 10:08 AM
I think I'll try for this card at the end of the year. Hopefully by then my credit scores be around 700.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.