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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO