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Established Contributor
Andy77
Posts: 599
Registered: ‎10-02-2007
0

Citi Secured...

 

So instead of waiting 5 years for me to get a CLI on my Citi Card, I deicded to get a Citi Secured Card and put down 2k for the deposit.

In Sept 2009 I got a Citi Secured Card and put down 200.00 it graduated, etc

 

Do you think I will be declined for having too many inquiries?  

 

I have 37 total

 

I can't find where anyone else has been declined this card because of inquiries

 

 

Moderator
Revelate
Posts: 8,976
Registered: ‎12-30-2011
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Re: Citi Secured...


Andy77 wrote:

 

So instead of waiting 5 years for me to get a CLI on my Citi Card, I deicded to get a Citi Secured Card and put down 2k for the deposit.

In Sept 2009 I got a Citi Secured Card and put down 200.00 it graduated, etc

 

Do you think I will be declined for having too many inquiries?  

 

I have 37 total

 

I can't find where anyone else has been declined this card because of inquiries

 

 


Unlikely, but out of curiosity why do you have so many inquiries on a single report or was it multiple reports?  Inquiries across reports are rarely known and possibly never counted by lenders anyway outside of a mortgage so if 37 is EX+EQ+TU inquiries, just take the highest of your reports and figure that for any analysis honestly.

 

Also when did you old Citi card graduate?  12 or 18 months?

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Established Contributor
Andy77
Posts: 599
Registered: ‎10-02-2007
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Re: Citi Secured...

 

I have 37 on my EX.  Not proud of it, many of those are actually Citi recons on a few of their cards.  

 

My former Citi secured card graduated after 18 months

 

Because the funds are locked into a CD for a set amount of time I don't think the card can graduate early.

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: Citi Secured...

They could decline for INQ's if they pull EX. Hopefully not.



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Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Moderator
Revelate
Posts: 8,976
Registered: ‎12-30-2011
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Re: Citi Secured...

[ Edited ]

LS2982 wrote:
They could decline for INQ's if they pull EX. Hopefully not.

I wouldn't imagine it'd be a problem in this case, inquiries aren't a huge red flag when it comes to secured cards anyway, and if most of them are Citi-releated they'll have the internal record.  Will probably provide some shock and awe and possibly amusement factor for the underwriter seeing that many but they should be easy to work around through the likely phone call if it's considered an issue at all.  It's not likely to be an outright denial without the conversation, I'm actually pretty convinced if you have a colorful flag on your report you're more likely to get a call than not, much like my albatross with the WFDS underwriter.

 

Have to admit, color me impressed with that many inquiires on a single report.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
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Re: Citi Secured...

Citi has a secured card? When I looked on their webpage I didnt see it.

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Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
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Frequent Contributor
WhiteCollar
Posts: 309
Registered: ‎04-07-2012
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Re: Citi Secured...

You can go into a branch location to apply. There use to be an application to print, complete and mail in online but I cannot seem to locate it. The secured card application was never available online.

Established Contributor
cashnocredit
Posts: 1,023
Registered: ‎07-18-2009
0

Re: Citi Secured...


WhiteCollar wrote:

You can go into a branch location to apply. There use to be an application to print, complete and mail in online but I cannot seem to locate it. The secured card application was never available online.


It used to be online as a PDF. I downloaded it for my niece in 2010.

 

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Established Contributor
Andy77
Posts: 599
Registered: ‎10-02-2007
0

Re: Citi Secured...

 

So Citi got my secured card application and I got a call from them asking me how long I had been at my employer and what was the name of my employer.

On the application itself, it does not ask for the name of your employer or how long you have been there.

 

Is that normal for them to call and ask questions that were not even on the application?

 

Does that mean denial?

Established Contributor
cashnocredit
Posts: 1,023
Registered: ‎07-18-2009
0

Re: Citi Secured...

[ Edited ]

Andy77 wrote:

 

So Citi got my secured card application and I got a call from them asking me how long I had been at my employer and what was the name of my employer.

On the application itself, it does not ask for the name of your employer or how long you have been there.

 

Is that normal for them to call and ask questions that were not even on the application?

 

Does that mean denial?


Not at all.  It only means that you haven't been denied yet. On new apps they ask employer info but when they came up with the secured card it wasn't a factor. I think they just hadn't updated the app, can't tell from you CRs, and want the information for their current internal score models most of which now factor in time employed.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k

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