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Dual Citi Forward Dilemma!

New Contributor

Dual Citi Forward Dilemma!

Last Wednesday, I applied for the Citi Forward card online and ran into an internet problem in the middle of it, so I did a quick reboot and tried again and was approved. Today, I open my mail and have not one, but two envelopes from Citi with two separate cards/accounts with identical terms/CL. I don't really need two Citi Forward cards as I also have a Citi mtvU, but I don't quite know what to do with the extra card since I figure I have probably taken a double credit hit for it.

 

My thoughts were that I could: a) cancel it, b) keep it open to see if I can get the bonus opening points for both cards and then do a product change somewhere on down the line, or c) keep it in ye olde sockdrawer without activation.

 

At the same time, I was also applying for a Chase Amtrak Guest Rewards card and am now afraid that if I get approved (got that stupid 30 day message they love to give out) I'll end up with a double hit/two cards for that account as well.

 

Anyone have any thoughts or suggestions on what to do about this?


Starting Score: TU: 682, EQ: 653 (2/22/2012)
Current Score: TU: 682, EQ: 653
Goal Score: TU: 750, EQ: 750


Take the FICO Fitness Challenge

Wallet: Citi Forward - $11.9k/$11.4k, Citi mtvU - $11k, Discover More - $11k, Cap One - $7,300/$1,450/$550, Chase Freedom - $6k, Chase AGR - $1,200
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3 REPLIES
Frequent Contributor

Re: Dual Citi Forward Dilemma!

Use both for a bit...  get the rewards, etc.  Then see if you can get them to consolidate the two into a single card with a higher CL.   At least that was my first inclination anyway.  Smiley Happy
Message 2 of 4
New Contributor

Re: Dual Citi Forward Dilemma!

Ah... I didn't even think of that. Thanks for the suggestion!

Starting Score: TU: 682, EQ: 653 (2/22/2012)
Current Score: TU: 682, EQ: 653
Goal Score: TU: 750, EQ: 750


Take the FICO Fitness Challenge

Wallet: Citi Forward - $11.9k/$11.4k, Citi mtvU - $11k, Discover More - $11k, Cap One - $7,300/$1,450/$550, Chase Freedom - $6k, Chase AGR - $1,200
Message 3 of 4
Senior Contributor

Re: Dual Citi Forward Dilemma!

If you only had two approvals and cards in hand I would say forge on. With another app or two with a 30 day message (probably a "NO" ) I would say tread carefully. You are probably going to be OK with the two you have the plastic for. I would use them both; of course you will get the new account stuff for both cards. Wait until the new accounts have aged a bit (6 months to a year) then merge them down. I would not do any further app'ing until you know exactly what has hit your CBR as a result of this mess.
Message Edited by creditwherecreditisdue on 07-30-2009 05:25 PM
Message 4 of 4