Reply
Member
badgerviper
Posts: 16
Registered: ‎08-07-2012
0

How long does CitiBank keep applications in their system?

I applied for a CitiBank ThankYou card in late August and received a denial letter dated 9/5/13. Unfortunately, I was on vacation and did not have time to submit a reconsideration letter until 10/2/13. I received a call from CitiBank Executive Review asking for my permission to pull my credit reports again since it's been past 30 days from my initial app date. The thing is, I just made some large payments to my credit cards (due date 10/8/13 but paid a week before then) and don't want them pulling a report until the new lower balances post. Now I know that it may take some time for my credit cards to report to the agencies but does anyone how long CitiBank keeps the applications in their system? The rep from Executive Review said she wasn't sure and that I would have to restart the entire application process again if my initial app got deleted out of their system. Does CitiBank give you 30 days to request reconsideration from the initial app date and then ANOTHER 30 days for the reconsideration period? (I HOPE). I don't want the app to expire and have to put another 2 inquiries on my report since it appears that most credit card companies like to deny me at first :smileysad: But I also don't want to get denied because I had 50% utilization rate on my cards when they pulled the report (now 25%). Any info or suggestions on what I should do is greatly appreciated :smileyhappy:

Valued Contributor
wHiTeSoL
Posts: 1,063
Registered: ‎07-09-2013
0

Re: How long does CitiBank keep applications in their system?

[ Edited ]
I think you should wait until your report reflects your best side and here's why:
You already took the HP and was denied, and a recon now (outside of 30 days) will take another HP anyways (making it 2 HPs total), instead wait until your lowered balances report and then re apply for it. This way it'll be your 2nd HP anyways (same as scenero above) and if denied this time recon promptly to try to avoid a 3rd HP.

   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Member
badgerviper
Posts: 16
Registered: ‎08-07-2012
0

Re: How long does CitiBank keep applications in their system?

Totally makes sense. They pulled both EXP and EQ although most credit pull databases say they just pull EXP and I got tunnel vision with the HPs. They DID, however, stop sending me invitations to apply with great rates/miles/0%transfers which is the whole reason why I applied in the first place. Do you think they will send them to me again once I let the application expire out?

Senior Contributor
B335is
Posts: 4,640
Registered: ‎09-22-2012
0

Re: How long does CitiBank keep applications in their system?

Citi allows 2 applications every 60 days, Denial or Approval.  So unless your report has significantly changed, I would hold off on applying with them again.  I've heard their co-branded (HHonors, AAdvantage, etc...) cards are slightly easier, but that's strictly heresay.

Valued Contributor
FinStar
Posts: 6,875
Registered: ‎10-21-2012
0

Re: How long does CitiBank keep applications in their system?


B335is wrote:

Citi allows 2 applications every 60 days, Denial or Approval.  So unless your report has significantly changed, I would hold off on applying with them again.  I've heard their co-branded (HHonors, AAdvantage, etc...) cards are slightly easier, but that's strictly heresay.


+1

 

To add: as far as any reconsideration efforts, a 30-day window applies from the decision date.  After that period, the app/info cannot be updated.


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+
}