@RyVision wrote:IMHO....... Citi rhymes very well with something else.
We thought the 21 month 0% sounded decent through an invite (with code). 1600. Waste of an INQ and new account.
Replace the word "Citi" with the "rhymed word" and sing the below, you'll get how much you'll like Citi (again imho):
Citi, I feel Citi.. Oh so Citi and Petty and Vile...........
Or slogans:
Citi Forward.............. The only card that can put your CL in reverse.
City Simplicity.. The only thing easier, is the denial of your CLI.
Cit Platinum Select.. Yes, the New improved Capital One!
Citi Thank You.......... We only say Thank You until you apply, then we usually say.... (well, you can figure it out).
Citi Dividend............. We will gladly pay you 5% eventually for those 4 items you bought at 20% today.
That's a good jingle there!
I find this to be accurate with Citibank. They're very sensitive to inquires.
I, too, was recently declined for a personal installment loan with them due to too many inquiries. I mailed a recon letter and they didn't budge. However, I didn't stop there so I mailed a second recon letter. Haven't heard back from them yet so we'll see what happens. You have nothing to lose by trying to recon with them. Worst case senerio is they stick with their original decision.
Going forward, I'm no longer applying for credit unless I have a period of six months or better app free. This seems to be the right time frame to increase your chances of approval with most banks.
UM
@wollepopolle wrote:While I understand the anger and disbelief that comes with such a decision, I'd also like to remind you guys to not take it personally.
I was declined under the exact same circumstances by Chase for their Freedom card. Reconning just made me more upset. Needless to say, I decided to reapply after 8 months and was instantly approved.I raked in the signup bonus and some nice 5% cash back and forgot all about the erstwhile denial.
Now that you (the OP) know the inquiry situation with Citi, you may decide for yourself if you want to reapply with them in the future. I'd say IF the card fits your spending habits and is useful to you, then why the heck not? Apply and enjoy the rewards.Who cares about the rest?
I know customer service with these big banks is often not as great. But hey, many people have had the same experience with BoA, Chase, US Bank, PNC, etc.
This should be a pragmatic decision: I need or do not need this rewards/cash back/low interest card (whatever it is) for my personal benefit.
I've recently been approved for a Citi Dividend, and I had two inquiries on EX (which they pulled) that were already 16 months old. Hence the instant approval. I've been adding quite a few new cards to my portfolio but I've done so by spacing the applications out to six months or so. By doing so, I know that I will increase the likelihood for approval to almost 100% (given that other factors are in line such as util., timely payments etc. ).
Citi's policy shows one thing that posters here often overlook: Building credit is a slow process that takes time.It isn't done in one or two application sprees.And, scores aren't everything. They really aren't.
Building credit is a strategic game. See it as a game. Your wasted inquiry bothers you at this point. But you've also found out about the rules that Citi has. Now that you know them (and let others on here know, thankfully), you can play the game right the next time. That's an advantageous situation, I say.
I can subscribe to every single word!
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@Anonymous wrote:
Greetings,
I wanted to give my fellow FICO'ers a head up (unless already posted in the past) that when applying for Citi cards that they would likely decline your application if you have more than ONE inquiry in the last SIX months. I spoke with a senior account manager this morning and she explained this to me as I had three inquires in December alone. She would not overturn the decision. I informed her that this information should be disclosed on the application to warn people of their chances. She replied that this has been their process. It was a total waste of a hard pull for me. Lesson learned.
Happy New Year!
Ms. Nae
Yeah, that doesn't sound right. I applied for a Citi CC back in October with at least 3-5 inquiries on my CR, including a brand new mortgage. They approved me with no problem.
@SevenNEW wrote:
@wollepopolle wrote:While I understand the anger and disbelief that comes with such a decision, I'd also like to remind you guys to not take it personally.
I was declined under the exact same circumstances by Chase for their Freedom card. Reconning just made me more upset. Needless to say, I decided to reapply after 8 months and was instantly approved.I raked in the signup bonus and some nice 5% cash back and forgot all about the erstwhile denial.
Now that you (the OP) know the inquiry situation with Citi, you may decide for yourself if you want to reapply with them in the future. I'd say IF the card fits your spending habits and is useful to you, then why the heck not? Apply and enjoy the rewards.Who cares about the rest?
I know customer service with these big banks is often not as great. But hey, many people have had the same experience with BoA, Chase, US Bank, PNC, etc.
This should be a pragmatic decision: I need or do not need this rewards/cash back/low interest card (whatever it is) for my personal benefit.
I've recently been approved for a Citi Dividend, and I had two inquiries on EX (which they pulled) that were already 16 months old. Hence the instant approval. I've been adding quite a few new cards to my portfolio but I've done so by spacing the applications out to six months or so. By doing so, I know that I will increase the likelihood for approval to almost 100% (given that other factors are in line such as util., timely payments etc. ).
Citi's policy shows one thing that posters here often overlook: Building credit is a slow process that takes time.It isn't done in one or two application sprees.And, scores aren't everything. They really aren't.
Building credit is a strategic game. See it as a game. Your wasted inquiry bothers you at this point. But you've also found out about the rules that Citi has. Now that you know them (and let others on here know, thankfully), you can play the game right the next time. That's an advantageous situation, I say.
I can subscribe to every single word!
i think i read that on a restroom stall wall
I wouldn't give up on Citi... they have some really great CCs and they are easy to deal with. Almost 4 years ago when I was rebuilding, I applied for a card with them (can't remember which one) and I was denied. I just chalked it up to experience and figured it just wasn't time yet. So I waited a little over a year to apply again (Citi Plat Select MC) and I was instantly approved. Two months later I app'd and was approved for an AAdvantage Amex card with them and this year I got a Sears MC and a Home Depot card (to get stuff for my house). I LOVE their 0% financing promotions and they love giving BT offers more than anyone. Like other folks have said here, you just have to be a little patient and build up some history with the cards you have and Citi will more than likely approve you in the future. 
I don't care for citi. They pulled some shady stuff shortly after I opened an account!
