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LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Citi Thank you Preferred Mailer

It has an invitation code on it. Is this a pre-approval?? I did opt back in like 2-3 weeks ago.

 

I'm only interested in the 18 month BT offer. Would it be good for my situation??

 

Think I would be approved with the debt I currently have?? To be honest I really dont want another account but if I can save myself a good bit of interest over the next 8-10 months it might be a good thing.

 

 




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flowfaster
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Re: Citi Thank you Preferred Mailer


LS2982 wrote:

It has an invitation code on it. Is this a pre-approval?? I did opt back in like 2-3 weeks ago.

 

I'm only interested in the 18 month BT offer. Would it be good for my situation??

 

Think I would be approved with the debt I currently have?? To be honest I really dont want another account but if I can save myself a good bit of interest over the next 8-10 months it might be a good thing.

 

 


Not sure what your asking but does it say your pre-approved or not?  Is there an OPT-OUT box on the bottom? 

 

And about your situation I would say no.  Didn't you just get a Barclays for the purpose of a 0% balance transfer?  I would just pay off your debt before obtaining more credit.

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LS2982
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Re: Citi Thank you Preferred Mailer

Im definitely working on paying down the debt just thinking about all the interest I could save. Probably best to leave it alone tho.



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flowfaster
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Re: Citi Thank you Preferred Mailer


LS2982 wrote:
Im definitely working on paying down the debt just thinking about all the interest I could save. Probably best to leave it alone tho.

LS,  do the math and if it's worth it you then do it.  If your doing all of this just to save $200-300 I would still say no.  $500+ then yes.  It usually takes $400+ dollars in bonus/savings to get me to app for something.

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Simply827
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Re: Citi Thank you Preferred Mailer

Shouldn't you be gardening LS??

 

Apply the itch cream!


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LS2982
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Re: Citi Thank you Preferred Mailer

[ Edited ]

Simply827 wrote:

Shouldn't you be gardening LS??

 

Apply the itch cream!


Your SO right....I shall take my butt back to my garden!!!! :smileyembarrassed:

 

App hit the shredder.......:smileysad:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
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Simply827
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Re: Citi Thank you Preferred Mailer


LS2982 wrote:

Simply827 wrote:

Shouldn't you be gardening LS??

 

Apply the itch cream!


Your SO right....I shall take my butt back to my garden!!!! :smileyembarrassed:

 


+1

 

And why did you opt back in knowing you'd be tempted? I think you should opt out again.


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lg8302ch
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Re: Citi Thank you Preferred Mailer


Simply827 wrote:

Shouldn't you be gardening LS??

 

Apply the itch cream!


+1

The basic idea behind to save on interest and apply for a new card to BT at 0% kind of makes sense....but this can only be a good idea with a very tight payment plan and not end up using more credit again...therefore I would recommend to stay away unless you can really be strong and refrain from using the new CL for new purchases...I know I am very conservative with  my cards and probably  a lender nightmare for my habits :smileywink:

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LS2982
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Re: Citi Thank you Preferred Mailer


lg8302ch wrote:

Simply827 wrote:

Shouldn't you be gardening LS??

 

Apply the itch cream!


+1

The basic idea behind to save on interest and apply for a new card to BT at 0% kind of makes sense....but this can only be a good idea with a very tight payment plan and not end up using more credit again...therefore I would recommend to stay away unless you can really be strong and refrain from using the new CL for new purchases...I know I am very conservative with  my cards and probably  a lender nightmare for my habits :smileywink:


I've actually been very good with the Barclays account for the past 3 months not using it at all and paying down the balance in chunks.

 

And yes I did opt back out because i'm still scared of them JDB's.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
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webhopper
Posts: 7,225
Registered: ‎09-16-2011
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Re: Citi Thank you Preferred Mailer

You're doing great, that being said, I don't like Citi and I don't like the idea of opening a new card for a BT... unless, like others mentioned, you will be saving more than 500 in interest.

 

If you still want a Citi card as a backup later on down the road, you should definately consider it.

 

Also, you could consolidate to a personal loan at lower interest... 

 

What rates are you paying now on your balances?


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