Valued Contributor
Posts: 1,668
Registered: ‎02-18-2009
Re: Preapproved offers from Citi

Unless they have left the lending business or closed up shop completely like Advanta, a credit lendor makes money by lending money and annual fees/fees.


They still have to keep lending for immediate cash flow/interest accumulation.


Just because they have gotten picky/stricter they strill need to function.


So I am sure good customers with low risk models are getting offers.



Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,