topic Re: Costco Citi Card in Credit Card Applications

Costco Citi Card

Anonymous — Fri, 22 Oct 2021 23:22:46 GMT

Hi everyone

I am thinking of trying for the Citi Costco card, i have a bk discharged April 2018

EX 688

EQ 668

TU 672

i was approved for Citi Best Buy Visa this Apri for 3K

or maybe i can ask for a CLI on my BB Visa

Re: Costco Citi Card

FinStar — Sat, 23 Oct 2021 01:31:29 GMT

Are the scores you provided FICO or Vantage? Also, keep in mind that scores alone isn't going to drive the overall UW decision, so if you can provide more info for the community to provide feedback that would be great. Things like your AAoA, how many new accounts or inquiries in the past 12 months, utilization, any negatives (if applicable), etc.

If you prefer instead to submit a CLI on your Best Buy Visa, keep in mind it will be a HP -- if that matters to you.

Re: Costco Citi Card

Anonymous — Sat, 23 Oct 2021 02:45:35 GMT

these are FICO

my AAOA is 15%

my inquiries are 17 on EX

i have opened 3 new account in the last 12 months, JCPenny BB Visa and AU on Chase Sapphire

my utilization is 7%

the only negatives are the BK and all the closed accounts from the BK

Re: Costco Citi Card

FinStar — Sat, 23 Oct 2021 03:03:01 GMT

@Anonymous wrote:
these are FICO
my AAOA is 15%
my inquiries are 17 on EX
i have opened 3 new account in the last 12 months, JCPenny BB Visa and AU on Chase Sapphire
my utilization is 7%
the only negatives are the BK and all the closed accounts from the BK

Ok, thanks for the additional info.

Based on what you shared above, I would hold off on any Citi legacy card for a while. The presence of BK (even if discharged in 2018) might give Citi some pause. The other factors would be the number of inquiries on EX,3 new accounts in the last 12 months + any remaining accounts from your BK (especially if any of them have negative history).

Were any Citi cards included in the BK?

Re: Costco Citi Card

chiefone4u — Sat, 23 Oct 2021 03:04:45 GMT

@Anonymous wrote:
these are FICO
my AAOA is 15%
my inquiries are 17 on EX
i have opened 3 new account in the last 12 months, JCPenny BB Visa and AU on Chase Sapphire
my utilization is 7%
the only negatives are the BK and all the closed accounts from the BK

AAoA = Average Age of Accounts (15% seems an odd answer).

Citi can be picky about new Accounts and inquiries... I don't remember how many are too many in 12 months, but one inquiry in previous 6 months is too many when you're on the bubble (where you just barely qualify).

My experience with Citi (new accounts) is from pre-COVID so they might be stricter or more lenient right now.

Re: Costco Citi Card

Anonymous — Sat, 23 Oct 2021 03:11:17 GMT

No citi cards IIB

I was a little surprised when I was approved for the BB visa

Re: Costco Citi Card

FinStar — Sat, 23 Oct 2021 03:36:03 GMT

@Anonymous wrote:
No citi cards IIB
I was a little surprised when I was approved for the BB visa

That's definitely a plus, not having any Citi cards IIB.

The Best Buy Visa has a bit more 'laxed' UW since it's issued by Citi Retail vs Citi [legacy].

Re: Costco Citi Card

Anonymous — Sat, 23 Oct 2021 03:49:46 GMT

Thanks.
sounds like it's best to garden until 2023

mall inquiries will be off and it will be 5 years that my BK was Discharged

Re: Costco Citi Card

Hoben02 — Sat, 23 Oct 2021 08:39:45 GMT

Is there a specific reason you want a Costco card since Costco accepts any Visa card I find the only usage for me is gas purchases otherwise all other Costco purchases go on other cards based on rewards

Re: Costco Citi Card

4sallypat — Sun, 31 Oct 2021 15:42:47 GMT

@Hoben02 wrote:
Is there a specific reason you want a Costco card since Costco accepts any Visa card I find the only usage for me is gas purchases otherwise all other Costco purchases go on other cards based on rewards

I can think of the most important reason to get a Costco Citi card - extended warranties.

Using the Costco Citi card gives me a double the warranty without having to pay extra for it.

Like the Apple M1 Macbook Air that gets 4 years of coverage for free by using the card.

I love it - it's my go to for Costco gas, instore and online purchases.

BTW recently got an auto CLI to $8K so that was nice - they must have seen how much I use it....