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Valued Member
Posts: 48
Registered: ‎04-07-2009
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Re: citicards rejection

my credit union unfortunatley does not service their own cards. they use fia (I think thats the name). I looked into my cu first since I have a few accts with them. I didnt apply because they dont have their own cards.
Established Contributor
Posts: 760
Registered: ‎04-30-2007
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Re: citicards rejection


BungalowMo wrote:

From everything I've heard, CITI likes big scores & cleaner reports than what you or I have :smileysad:  I was declined in Jan with #'s similar to yours...more baddies, but older than yours.  *sigh*

 

While it's not a "great" card, like pattycake mentioned, I have a starter card...Credit one.  You are likely to be approved (I was 4 yrs ago with lower scores than yours & fresher baddies) $350 to start but CLI's every 6 mos.  First one I got was 1.5 yrs into it because I didn't know better!  Now I call every 6 mos & that one is up to $850.  For now, I hang on to it for the age.  $6 fee per mo is worth it for now.

Message Edited by BungalowMo on 08-01-2009 11:17 AM

 

Credit One is a good rebuilder, as is Orchard or one of the CU secured cards.  They aren't cheap, but for rebuilding, they are the Holy Grail.  I had Orchard and Credit One (back in 2004 they were First National Bank of Marin).  While there aren't as many options as there used to be, rebuilders are still out there, so I highly recommend getting two and then keeping your payment history as clean as possible.  I also recommend visiting the rebuilding your credit section of this site.  Best of luck to you - I never would have been able to get my scores to the 700 club had I not started following the advice of these boards, and my FICOs were in the 400's back in 2002.  

 

Mo - I'm surprised you haven't gotten a better offer from Citi.  I got a Citi card with FICOs lower than yours, but that was in 2006.   

pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
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Re: citicards rejection


outofthewoods wrote:
my credit union unfortunatley does not service their own cards. they use fia (I think thats the name). I looked into my cu first since I have a few accts with them. I didnt apply because they dont have their own cards.

 

Look around at other CU options.  Don't just accept what is handed to you, find someone who has the "full services" you need.

 

If you can qualify for membership, NFCU is where you need to be.  If not, you can consider BoA  secured or 99/500 or look at other CU's.  Alliant doesn't offer secured cards and PenFed I'm not sure.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor
Posts: 4,254
Registered: ‎05-01-2008
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Re: citicards rejection


outofthewoods wrote:

with a starter card, you cl increases over time? I'm not familiar how they work. I dont plan on charging up a storm when I get a card, just rebuilding my credit.

 

another q: how bad of a hit do you think I took with this rejection?

 


With my card, like I said...I just let the $6 fee post each mo, then pay it.  but $6 on a $350 card is a higher util than $6 on an $850 card.  See what I mean?  Just keep getting the $100 inc every 6 mos.  Helps with my age & overall util.

 

How bad of a hit?  Just 1 inq on one CRA, right?  If that's the case & you didn't already have a few inq on that cra, the hit should be 1 point drop (YMMV)..well that's what I got recently for hard inq on EQ for a 1500 CLI. (already had 2 inq this year on that report)... I'd say that was worth 1 point. 



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Valued Member
Posts: 48
Registered: ‎04-07-2009
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Re: citicards rejection

thanks. I'm going to check into credit one and orchard now. will also spent more time in the rebuilding section of the forum. I guess I can never read/leard enough..maybe I should have picked everyones brain before applying for the citi card.
Senior Contributor
Posts: 4,254
Registered: ‎05-01-2008
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Re: citicards rejection


pattycake wrote:

BungalowMo wrote:

From everything I've heard, CITI likes big scores & cleaner reports than what you or I have :smileysad:  I was declined in Jan with #'s similar to yours...more baddies, but older than yours.  *sigh*

 

While it's not a "great" card, like pattycake mentioned, I have a starter card...Credit one.  You are likely to be approved (I was 4 yrs ago with lower scores than yours & fresher baddies) $350 to start but CLI's every 6 mos.  First one I got was 1.5 yrs into it because I didn't know better!  Now I call every 6 mos & that one is up to $850.  For now, I hang on to it for the age.  $6 fee per mo is worth it for now.

Message Edited by BungalowMo on 08-01-2009 11:17 AM

 

Credit One is a good rebuilder, as is Orchard or one of the CU secured cards.  They aren't cheap, but for rebuilding, they are the Holy Grail.  I had Orchard and Credit One (back in 2004 they were First National Bank of Marin).  While there aren't as many options as there used to be, rebuilders are still out there, so I highly recommend getting two and then keeping your payment history as clean as possible.  I also recommend visiting the rebuilding your credit section of this site.  Best of luck to you - I never would have been able to get my scores to the 700 club had I not started following the advice of these boards, and my FICOs were in the 400's back in 2002.  

 

Mo - I'm surprised you haven't gotten a better offer from Citi.  I got a Citi card with FICOs lower than yours, but that was in 2006.   


Mine started with marin too!

 

I know what you mean about CITI...they pulled EX, but I know my FICO was a 671 from lender pull.  That's why I figured they liked higher #'s & cleaner reports.  Maybe they just don't like me :smileysad:



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Valued Member
Posts: 48
Registered: ‎04-07-2009
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Re: citicards rejection

I'll check out NFCU to see if I would qualify...a boa secured card is through fia isnt it? I thought fia wasnt a good company. what is 99/500? thank you
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
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Re: citicards rejection

Yes, BoA uses FIA.

 

99/500 is a builder program in which you pay a $99 fee and get a $500 limit.  At the end of the year, if you have paid on time and maintained the account, you get your $99 back, so it is "partially" secured.

 

BoA graduates their secured cards (if in good standing) after the first year and they tend to grow.

 

Many CU's (local and otherwise) offer secured as well.  The good thing about CU's is that they tend to grow well and treat you as a person with your CU history, not just a FICO number and CR.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Member
Posts: 48
Registered: ‎04-07-2009
0

Re: citicards rejection

thanks.

dot qualify for nfcu membership. boa offered me a secured card a couple of years back which I didnt accept.  that was before I joined here.

Established Contributor
Posts: 760
Registered: ‎04-30-2007
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Re: citicards rejection


outofthewoods wrote:

thanks.

dot qualify for nfcu membership. boa offered me a secured card a couple of years back which I didnt accept.  that was before I joined here.


 

There's no harm in calling and asking for qualifications.  You need to start somewhere with your fresh, new leaf!
pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749

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