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Good plan for Citi Diamond Preferred (CDP)??

Senior Contributor

Good plan for Citi Diamond Preferred (CDP)??

So now that I have my 3xcli to $10.5k on BCE, my final card desired is the CDP!!

I want to make sure that:
A. My new Amex cl is reporting
B. Score is about 700 FICO

So I want to app around 12/20/12.

My aaoa has gone down to like two years :-/. I have 9-11 inqs on each report, but within the past year, I maybe have three on each report. I was app happy in 2011 for some reason :-/.
My util is like 9-10%. I'd really like to close a few low limit accts, but those are some of my oldest lines :-/

Good plan?! I'm just super scared of Citi! They have always denied my tri ck assssszzz. LOL :-P
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
8 REPLIES
Valued Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

You won't feel the effect of closing those small limit lines for 10 years, except in your UTIL.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Senior Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

Are you sure? Lol Hmm yeah, a $1500 Chevron card is pointless.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

Aye. http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/td-p/347190

 

Although I could use the $1500 on my lines Smiley Tongue

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

Can I ask a question? Why that particular card? Simplicity offers the same 18mos 0 apr and is great if you are occasionally forgetful, TY Pref/Prem/Pres have better travel rewards, Dividend has better rotating cash back, Forward has guaranteed interest rate reductions and great restaurant/shopping rewards, Hilton cards have better perks and AA cards have better travel benefits. As far as I can see, the diamond preferred gets a concierge. So why is this the one you are going for?

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Senior Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

In case I need the 0% for 18 mos. I like the no AF too. Ive heard about how horrible those TY points are to redeem. I like the look of the CDP too. I dont need it by any means however. Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

This card is on my radar for late next year.  If they are inquiry sensitive (since I have 16 on my report now, half from mortgages), I may have to wait unti 2014.

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Frequent Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

I have some TY points from my debit card. The redeemable items look nice. 2000 away from a 100.00 Bloomingdales card that ill use next winter to buy my Uggs

Their point system is wayyyyyy better than PNCs and if love the Forward for double points

Starting Score: 601
Current Score: 670
Goal Score: 700


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Regular Contributor

Re: Good plan for Citi Diamond Preferred (CDP)??

Most accurate post , to many inquiries was the reason I initially got declined but I recond and said they were due to student loans and got approved.

 

Also only got 1000 cl which I wasnt happy about but O well