Reply
Frequent Contributor
js0319
Posts: 304
Registered: ‎02-27-2012

Credit Card Invitations

I was wondering if credit card companies try to use invitations for new cards as a way of getoting more information for collection purposes.  Keep getting Citi Diamond Preferred and Thank You credit card offers, but I am pretty sure my scores aren't high enough to qualify for one of these cards. I do have a collection that's currently with Asset Acceptance on a Home Depot  CC ( through Citibank) that I defaulted on about 5 years ago and owe about $5k on. Could they genuinely be trying tcard carded a card, or or they just trying to have me fill out an app s they can find out where I stand with my credit and finastate right now for collections purposes? I'm getting 2-3 offers per week from them. 

Starting Score: EQ FICO 544 (2/21/12)
Current Score: EQ FICO 629 (9/6/2013) EX 656 EQ 620 TU 678 (Lender Pull - 5/30/13) USAA FAKO's: EQ 630 EX 643 TU 599 (3/19/2013)
Goal Score: EQ 700

Wallet: Capital One Secured MC: $300 I Capital One Platinum MC: $300 I Texell FCU Platinum Bonus VISA: $5000 I American Express PRG: NPSL I NFCU nRewards: $8000

Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009

Re: Credit Card Invitations

I doubt it is for collection purposes.  I imagine it's more the right hand doesn't know what the left hand is doing.  Those mailers go out based on very general criteria.

 

That isn't to say that if you apply, it might not trigger some sort of collection activity.  But I doubt you are being targeted because of the collection.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012

Re: Credit Card Invitations


Walt_K wrote:

I doubt it is for collection purposes.  I imagine it's more the right hand doesn't know what the left hand is doing.  Those mailers go out based on very general criteria.

 

That isn't to say that if you apply, it might not trigger some sort of collection activity.  But I doubt you are being targeted because of the collection.


+1

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Regular Contributor
CK_Charles_Lover
Posts: 248
Registered: ‎09-02-2011

Re: Credit Card Invitations

+1 Citi was relentless with mailing of pre-approved till I took the bait and got 2.

Trans Union Fico (Walmart) ,690 Experian Fico (Amex) 686(Opened 3 new accounts this month. In the Garden)


AMEX BCE ($19,500) AMEX PRG -(NPSL), BARCLAYS US AIR PREMIER WORLD ($10,000), BOA CASH REWARD -($6,000), CITI HILTON RESERVE SIGGY-(5,000), WALMART DISCOVER ( $5,800), CITI DIAMOND ($4,700), CITI DIVIDED WORLD ($4,500), AMAZON STORE($5,000), NORDSTROM VISA SIG($5,000), PAYPAL STORE ($4,000) Amex Delta Gold ($2000)
Regular Contributor
babymixer
Posts: 105
Registered: ‎11-15-2011

Re: Credit Card Invitations

I agree with what the others said.  I kept getting Citi offers and took the plunge and responded to the Citi Diamond Preferred and was instantly approved for $4700.  I really didn't think I qualified as well.  It's my highest CL so far.

cc's copy

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+