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Frequent Contributor
andyaycw
Posts: 290
Registered: ‎07-25-2007

Citi Student Cards: Why Wasn't I Denied?

[ Edited ]
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

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Frequent Contributor
Posts: 353
Registered: ‎07-18-2007

Re: Citi Student Cards: Why Wasn't I Denied?



andyaycw wrote:
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


You probably PIF every month, don't you? I did that for a couple of months at one point and they automatically gave me a CLI. Citi Bank is awesome as long as you pay your bills on time. lol (unlike *cough*Crapital*cough*One*cough*)....
Established Contributor
trinigal
Posts: 578
Registered: ‎06-18-2007

Re: Citi Student Cards: Why Wasn't I Denied?

Count your blessings honey and continue to be responsible with the cards, you're making a sound investment in your future financial health:smileywink:
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007

Re: Citi Student Cards: Why Wasn't I Denied?



trinigal wrote:
Count your blessings honey and continue to be responsible with the cards, you're making a sound investment in your future financial health:smileywink:


Cheers to that advice!
 
Rob

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