topic Re: Citi Double Cash Chances? in Credit Card Applications

Citi Double Cash Chances?

Anonymous — Fri, 15 Jan 2016 22:07:01 GMT

I am interested in the Citi Double Cash Card and was wondering about what your scores were upon approval or denial. I have app 640 across the board AAoA about 2 years with 2 neg on report. If I got approved I would probably try and combine my Cap Ones just to make it easier to keep track of everything.

Quicksilver - $2000

Cap One Platinum - $900

Amazon - $800

Walmart - $400

Kohls - $300

Kays - $400

Paypal Credit - $600

Re: Citi Double Cash Chances?

Anonymous — Fri, 15 Jan 2016 23:14:20 GMT

You scores need to come up. I would garden for a while. I was approved at 715. I would wait until your at at least 675.

Re: Citi Double Cash Chances?

Sharingan — Sat, 16 Jan 2016 00:57:23 GMT

I got my Double Cash with a 760 EQ score last year. It was enough to get me the lowest rate at the time (12.99%) and a decent SL. You definitely want to wait until your scores and reports are in the best possible condition you can get them because Citi is quite unforgiving with low scores and blemished reports. If approved with the aforementioned, Citi is known to give unsatisfactory limits and credit terms. As such, I would have to advise 700+ scores. Unfortunately, it may not even come down to the score depending on the severity of your negatives.

Re: Citi Double Cash Chances?

TrialByFire — Sat, 16 Jan 2016 01:22:13 GMT

Approved EX 703. I echo the others' statements about working on your reports and getting scores up for this particular card. Any reason why you wouldn't wanna go ahead and combine cap1 anyways?

Re: Citi Double Cash Chances?

Anonymous — Sat, 16 Jan 2016 01:27:11 GMT

@TrialByFire wrote:
Approved EX 703. I echo the others' statements about working on your reports and getting scores up for this particular card. Any reason why you wouldn't wanna go ahead and combine cap1 anyways?

My thought process behind the combination is one is 3 years old and the other is about 8 months so to boost my AAoA and not lose any of my available credit.

Re: Citi Double Cash Chances?

boober — Sat, 16 Jan 2016 01:29:11 GMT

@Sharingan wrote:
Citi is quite unforgiving with low scores and blemished reports.If approved with the aforementioned, Citi is known to give unsatisfactory limits and credit terms. As such, I would have to advise 700+ scores. Unfortunately, it may not even come down to the score depending on the severity of your negatives.

Sorry to jump in on your thread Downbythebeach, but this would really help me alot as I'm in a somewhat similar situation.

Would the following be considered a blemished report, and might it potentially hold me back from getting a Citi card?

I'm about to apply for a Citi card, and the only neg I have in my report is 4 30 days late payments on my primary home and my rental from about 6-7 years ago. The rest of my credit report is excellent.

Thanks.

Re: Citi Double Cash Chances?

TrialByFire — Sat, 16 Jan 2016 01:33:06 GMT

Hey boober! I like that name lol not for THAT reason but there was a character in my sons book with that name.

I digress. Would you mind starting a thread on this, including as much data as possible?

Re: Citi Double Cash Chances?

boober — Sat, 16 Jan 2016 01:36:36 GMT

Thanks TrialByFire.

I actually came up with it, not for THAT eaither, but because I always liked the name boober from the character boober from that old TV show Fraggle rock that I used to watch when I was a kid.

I digress also, I'll start that thread up, thanks.

Re: Citi Double Cash Chances?

TrialByFire — Sat, 16 Jan 2016 01:37:08 GMT

Your AAoA won't be affected anytime soon and you wouldn't lose any CL as the limits would combine. Not trying to persuade you one way or the other I promise lol. Curiosity got the best of me, had to ask

Re: Citi Double Cash Chances?

TrialByFire — Sat, 16 Jan 2016 01:38:15 GMT

YESSSS!!!! That's the book!!! Lol couldn't think of it to save my life!!

Re: Citi Double Cash Chances?

Anonymous — Sat, 16 Jan 2016 01:40:33 GMT

Haha all good, im just looking at all the possible angles and now I at least know not to waste an inquiry on something I dont have a prayer at no matter how much I might want it haha.

Re: Citi Double Cash Chances?

JamP — Sat, 16 Jan 2016 03:07:40 GMT

You should get your numbers up a bit.

Check the prequal site.

Wait for the prequal flyers to come in the mail.

Even if they did somehow approve you off a cold app it would most likely be a very low limit.

Good Luck.

Re: Citi Double Cash Chances?

9CLINE — Sat, 16 Jan 2016 03:28:12 GMT

I was approved w/750 Ex and 730 EQ and also received the lowest Apr. so I think you should hold out till ~680+ or 700 even...Besides even if approved Citi is very conservative w/ SL even for higher scores I can't imagine what SL u might receive and the highest apr. on top of that...There's no rush,,just work on what u got and give it some time for best approval chances..
Didn't see it mentioned but what are negs. & how old are they? wondering when they'd be dropping off reports is all....

Re: Citi Double Cash Chances?

NRB525 — Sat, 16 Jan 2016 15:16:12 GMT

@Anonymous wrote:
Haha all good, im just looking at all the possible angles and now I at least know not to waste an inquiry on something I dont have a prayer at no matter how much I might want it haha.

+1 to Check The Prequal site. With Citi, that's your most useful feedback. If your offer is a range of APR after the 0% promo period, that's a marginal approval. If the offer is a specific APR, that is much more solid.

Even if it is a range, you may want to go ahead and try the app. The only way to know if you get the card is to app for the card. Even if it's a low limit, it gets you a start. I got my Diamond Preferred in 2012 with high balances, so a $1k starting limit, where it still is, but it has given me an opportunity to show spend, take advantage of some spend offers, use some small BT, and then app for some better cards this year.

Re: Citi Double Cash Chances?

Anonymous — Mon, 04 Jul 2016 17:55:43 GMT

My TU score is 689 and my Equifax score is 697. What are my chances of getting approved for the Citi's DC card?

Re: Citi Double Cash Chances?

RonM21 — Mon, 04 Jul 2016 23:59:57 GMT

@9CLINE wrote:
I was approved w/750 Ex and 730 EQ and also received the lowest Apr. so I think you should hold out till ~680+ or 700 even...Besides even if approved Citi is very conservative w/ SL even for higher scores I can't imagine what SL u might receive and the highest apr. on top of that...There's no rush,,just work on what u got and give it some time for best approval chances..
Didn't see it mentioned but what are negs. & how old are they? wondering when they'd be dropping off reports is all....

I was going to mention this. Even with a good.score, they are known for giving low limits on this card. I don't get the reasoning for that, but it is what it is.

Re: Citi Double Cash Chances?

Anonymous — Tue, 05 Jul 2016 13:18:58 GMT

I just got approved today for the Citi Diamond Preferred with a $7,000 CL. I applied last week and got the "application needs further processing" message, then got an email today saying approved.

I have been on a bit of an App spree lately. They pulled EQ/EX and I had 3-4 INQS since March, 7 INQ total.

I have no bad marks on my history, and much larger limits on several other cards. They don't seem too generous. I used to have a Citi card in college and they closed it in 2009 after five years of inactivity because I never used it.

Good luck with your application, and if you get the "further processing" message, it doesn't guarantee denial. Seems like Citi does this often - send to a human for review.

Re: Citi Double Cash Chances?

Anonymous — Tue, 05 Jul 2016 21:57:29 GMT

I asked this in the "what did you get in the mail today" thread, but this thread seems more fitting so I'd like some feedback from anyone in here as well.

I received a Citi DC "pre-selected to apply" offer in the mail today which had a fixed 16.xx% amount. Never received one of those before. I went to their web site and put in my info to see what it said on there, and it said I was also pre-selected to apply for the DC card but it had a 23.xx variable APR quoted.

I don't care about APR's at all as I always PIF, what I'm curious about is how concrete Citi pre-selected offers are when they give you a fixed %. I know with some other creditors they are pretty solid, like 90% chance of approval assuming nothing else has changed since they SP'd you... but other creditors it's a crapshoot like 50/50. Any opinions on Citi with repsect to these offers?