07-25-2007 10:26 PM - edited 07-25-2007 10:29 PM
07-26-2007 05:18 AM
11 months after obtaining my very first credit card with Citi, I find myself asking why they even accepted me in the first place.
Prior to applying, I had been listed as an A/U on my dad's credit card account for two months, which I found out later didn't even report Authorized Users to any of the three CRAs. I applied for the Citi Dividend Platinum Select Card for College Students and my application was Accepted with an initial credit line of $1200 (I later converted this card to the regular Platinum Select card). One month later, I applied for the Driver's Edge for College Students card and was also approved with an initial credit line of $1000. I am very grateful and fortunate that I wasn't denied. It really got me thinking, however, of why Citi even bothered with taking a chance with me and not only granting me credit, but what I considered at the time to be a very generous initial credit limit. I had absolutely no credit history whatsoever, so it boggles me as to why they accepted me in the first place.
I ask because recently, I have heard of some people who were denied for Citi's Student cards due to insufficient established credit history. I was wondering if anyone might have any idea of why they didn't deny me when they could very well have. Citi has been very generous to me; I started out with initial credit limits of $1000 and $1200 but through the course of one year they have increased them up to $2800 and $3200. I also found out that my Driver's Edge for College Students card was upgraded to the regular, non-student Driver's Edge Options Platinum Select - I never requested this and the only reason I can think of why they upgraded me is a simple mistake on their part: perhaps an accidental conversion of the card...? but even that is hard for me to believe.
Message Edited by andyaycw on 07-25-2007 10:29 PM
07-26-2007 08:01 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.