topic Re: Citi Rewards+ Approval in Credit Card Approvals

Citi Rewards+ Approval

bpence310 — Tue, 27 Aug 2024 23:56:07 GMT

Hi, Everyone.

I just got approved for a Citi Rewards+ card at $5800 limit. My scores have taken a hit this year due to having to carry pretty high balances on my cards because of unexpected rises in insurance costs (homeowner's insurance literally doubled on my two homes). But, I've kept on time payments and have been very careful not to miss anything. My current FICO 8 scores are EQ690 TU690 and EX696. Not sure what the bankcard scores are because I don't get my updated 3B until Sunday. Either way, nice to get a little more padding to my utilization rate. This was through the pre-approval search on Citi's site. I had several offers and considered doing the Diamond whatever card, but thought I might get a better limit on the Rewards+. Anyone think this was a bad decision and maybe I should've went with one of their other cards?

Re: Citi Rewards+ Approval

cashorcharge — Wed, 28 Aug 2024 00:02:47 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Not sure your SL would be different with the other card mentioned.

Re: Citi Rewards+ Approval

Snook_on_the_Line — Wed, 28 Aug 2024 03:33:49 GMT

Congrats on your new card.

they never have any pre approved offers for me.

What report did they pull?

Re: Citi Rewards+ Approval

GZG — Wed, 28 Aug 2024 03:54:33 GMT

@bpence310 wrote:
but thought I might get a better limit on the Rewards+. Anyone think this was a bad decision and maybe I should've went with one of their other cards?

you can get the bonus and then ask to product change to one of the better cards, like the double cash or the custom cash. you don't need to wait a year or anything. just get the bonus and after you've been paid out for the bonus, ask for a product change.

the rewards+ has a specific use, but it has to be used alongside other citi cards

Re: Citi Rewards+ Approval

markbeiser — Wed, 28 Aug 2024 04:21:02 GMT

@bpence310 wrote:
My scores have taken a hit this year due to having to carry pretty high balances on my cards because of unexpected rises in insurance costs (homeowner's insurance literally doubled on my two homes).

If the homes are in states where insurance companies can use credit scores in the determination of rates, you may be in for another nasty surprise come renewal time.😕
I hope you are reshopping those rates each year, through multiple sources. Here in Texas I have to switch every 1-2 years to avoid the attempted doubling or more they try to do.
In 17 years in my current house, I'm on my third time with Allstate where I started, even have the same login info!🤣

Re: Citi Rewards+ Approval

JoeRockhead — Wed, 28 Aug 2024 09:07:22 GMT

Nice SL, congratulations on your approval.

Re: Citi Rewards+ Approval

MissLiz — Wed, 28 Aug 2024 11:17:46 GMT

Congratulations on your Citi approval!

Re: Citi Rewards+ Approval

bpence310 — Wed, 28 Aug 2024 17:15:48 GMT

@Snook_on_the_Line wrote:
Congrats on your new card.

they never have any pre approved offers for me.

What report did they pull?

Just got the update. It appears they pulled my EQ report.

Re: Citi Rewards+ Approval

bpence310 — Wed, 28 Aug 2024 17:19:20 GMT

@markbeiser wrote:
@bpence310 wrote:
My scores have taken a hit this year due to having to carry pretty high balances on my cards because of unexpected rises in insurance costs (homeowner's insurance literally doubled on my two homes).
If the homes are in states where insurance companies can use credit scores in the determination of rates, you may be in for another nasty surprise come renewal time.😕
I hope you are reshopping those rates each year, through multiple sources. Here in Texas I have to switch every 1-2 years to avoid the attempted doubling or more they try to do.
In 17 years in my current house, I'm on my third time with Allstate where I started, even have the same login info!🤣

Oh, I have been shopping rates. I'm in Oklahoma and the doubled rates are half of what every other company was wanting to raise them too. It's ridiculous. With the escrow shortage factored in, I'm going to be paying $29,000 this year for insurance. It was $10,000 last year. This should be criminal.

Re: Citi Rewards+ Approval

bpence310 — Wed, 28 Aug 2024 17:20:45 GMT

@GZG wrote:
@bpence310 wrote:
but thought I might get a better limit on the Rewards+. Anyone think this was a bad decision and maybe I should've went with one of their other cards?
you can get the bonus and then ask to product change to one of the better cards, like the double cash or the custom cash. you don't need to wait a year or anything. just get the bonus and after you've been paid out for the bonus, ask for a product change.

the rewards+ has a specific use, but it has to be used alongside other citi cards

So this isn't really that good of a card then? I mean the SL is nice and gives me a little buffer on my Util%, but I would like it to be a decent card too.

Re: Citi Rewards+ Approval

Rdbeetle — Wed, 28 Aug 2024 17:50:35 GMT

Congrats on your Citi Rewards+ approval!

Re: Citi Rewards+ Approval

GZG — Wed, 28 Aug 2024 17:54:28 GMT

@bpence310 wrote:
@GZG wrote:
@bpence310 wrote:
but thought I might get a better limit on the Rewards+. Anyone think this was a bad decision and maybe I should've went with one of their other cards?
you can get the bonus and then ask to product change to one of the better cards, like the double cash or the custom cash. you don't need to wait a year or anything. just get the bonus and after you've been paid out for the bonus, ask for a product change.

the rewards+ has a specific use, but it has to be used alongside other citi cards
So this isn't really that good of a card then? I mean the SL is nice and gives me a little buffer on my Util%, but I would like it to be a decent card too.

by itself, not really.

it earns 2x points on supermarkets and gas stations capped at $6k spend/year.

It offers a point boost for point redemptions when combined with other cards, that's why it needs other citi cards to be a good card.

when the double cash is unlimited 2x points on everything and the custom cash is 5x points on $500 spend per month.

but it doesn't matter with citi.

spend the $1500 in 3 months in order to earn the $200/20k point bonus and then once you've been paid for your bonus, contact citi and ask them to switch the card to the double cash (2% on everything) or custom cash (5% on $500 spend in a specific category per billing cycle)

you'll keep your bonus, your credit limit, and you'll get a great card for rewards earning.

Re: Citi Rewards+ Approval

keekers — Thu, 29 Aug 2024 15:13:38 GMT

Congrats.

Re: Citi Rewards+ Approval

NoMoreDebt — Sat, 31 Aug 2024 11:13:16 GMT

Congrats

Re: Citi Rewards+ Approval

Yoshi1981 — Fri, 06 Sep 2024 14:52:20 GMT

@bpence310 wrote:
@GZG wrote:
@bpence310 wrote:
but thought I might get a better limit on the Rewards+. Anyone think this was a bad decision and maybe I should've went with one of their other cards?
you can get the bonus and then ask to product change to one of the better cards, like the double cash or the custom cash. you don't need to wait a year or anything. just get the bonus and after you've been paid out for the bonus, ask for a product change.

the rewards+ has a specific use, but it has to be used alongside other citi cards
So this isn't really that good of a card then? I mean the SL is nice and gives me a little buffer on my Util%, but I would like it to be a decent card too.

Congrats on your Citi approval!

Not a terrible card but not one I would target. Although, if this was the best option out of my pre-approvals for Citi I'd apply to build a relationship and later PC.

Re: Citi Rewards+ Approval

CreditAggie — Wed, 25 Sep 2024 05:12:52 GMT

Congratulations on your Citi Rewards+ approval!

Re: Citi Rewards+ Approval

IcyCool7227 — Wed, 22 Jan 2025 05:16:49 GMT

bpence, my scores are a bit higher than yours but we got approved for the limit on the same card!