04-27-2012 01:01 PM
Today I received an invitation to apply for the Citi Thank You Preferred Card, it's weird because I applied for the Citi secured card and the automated message said it could not process my request but they pulled Experian. I haven't received a letter and it's been a couple of weeks so when I received this Citi invitation I thought that was weird. Should I apply?
I have two credit cards a Bank of America Secured Card and a Capital One Credit card, both with $300 credit limits. I've had them for about five months. Let's see, I had a delinquent loan for my university (ACS) but I brought it current this month (paying over $1600) and it's going to be updated as current on April 30. Actually the account is set to go positive in March of next year, it's been on my (negative) credit report for years even when I was in grad school. I started making small payments when I found out it wasn't in deferment. But by then it was already very high in late fees. I started making more payments but it never brought it down, finally I paid it off this month. I thought about writing ACS a letter asking if they could delete the negative markings. But since they said they're bringing it out of delinquency this month, I thought I'd just leave it be. So I wouldn't apply for the Citi card before the middle of May. My Transunion score is a 615 and according to the Experian website it's a 591. I expect it be higher once the delinquency is removed so the points should go up some. I'd check my scores before applying.
Do I have a chance?
04-27-2012 02:04 PM
Personally, I just PCed back to the Citi AA Platinum Select World Elite MC from the TY Preferred since it now has the chip and I kicked United Airlines to the curb due to horrible customer service since the merger and all the system drama. I'd rather not visit that story. That being said, the reward redemption options in the TY Points store aren't that great. If I recall, 1500 points gets you a $5 Starbucks card. In the AMEX rewards store, you can get a $15 gc for 1500 points. The points are worth more with AMEX. Also, AMEX SPG has great reward conversions to gift cards and other things. I just think the TY Points program stinks, but that is just me.
04-27-2012 02:38 PM
04-27-2012 05:38 PM
Thanks, I mostly fly Delta so I haven't flown United in years. Something to think about. I might apply in mid-June after I see what my scores look like. I'm wondering if I can apply for the Amex Zync card.
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.
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.