topic Re: Citi Simplicity chances in Credit Card Applications

Citi Simplicity chances

OCONUS — Fri, 12 Jul 2024 16:49:15 GMT

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq 1 8 6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

Re: Citi Simplicity chances

NoMoreE46 — Fri, 12 Jul 2024 17:51:45 GMT

@OCONUS wrote:
Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?
current stats are
FICO8 EQ 715, TU 720, EX 729.
Inq 1 8 6
Most recent account was opened In March 2024.
Utilization is 21% overall.
EQ and TU has a late marker on a closed account from 2019

I would not apply unless I was at least 0/6.

Re: Citi Simplicity chances

GZG — Fri, 12 Jul 2024 17:53:05 GMT

@OCONUS wrote:
Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?
current stats are
FICO8 EQ 715, TU 720, EX 729.
Inq 1 8 6
Most recent account was opened In March 2024.
Utilization is 21% overall.
EQ and TU has a late marker on a closed account from 2019

I would open the citi checking account with the current $300 bonus

it just needs two transfers from another bank totalling $1500 or more, doesn't need to be income from your job.

to improve my odds of approval, I would also try to apply after you get some money into that new checking account as well.

I would also check the citi pre-qualify tool: https://online.citi.com/US/ag/cards/pre-screen

Re: Citi Simplicity chances

reluctantgarden — Sat, 13 Jul 2024 11:38:00 GMT

All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the late marks.

Re: Citi Simplicity chances

OCONUS — Sat, 13 Jul 2024 13:18:04 GMT

@GZG wrote:
@OCONUS wrote:
Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?
current stats are
FICO8 EQ 715, TU 720, EX 729.
Inq 1 8 6
Most recent account was opened In March 2024.
Utilization is 21% overall.
EQ and TU has a late marker on a closed account from 2019

I would open the citi checking account with the current $300 bonus

it just needs two transfers from another bank totalling $1500 or more, doesn't need to be income from your job.

to improve my odds of approval, I would also try to apply after you get some money into that new checking account as well.

I would also check the citi pre-qualify tool: https://online.citi.com/US/ag/cards/pre-screen

I was avoiding opening an account. But given the $300 bonus, I might go that route. Thank you.

Re: Citi Simplicity chances

OCONUS — Sat, 13 Jul 2024 13:23:40 GMT

@reluctantgarden wrote:
All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the late marks.

I have other cards planned out and I would like to go for them after Citi. Late marker may be a concern if they pull EQ in NY. TL has been removed from EX under the NYS law.

I think it is safe to wait until I am 0/6. Thank you.

Re: Citi Simplicity chances

nytokyobred79 — Sat, 13 Jul 2024 15:18:38 GMT

@OCONUS wrote:

@reluctantgarden wrote:
All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the late marks.
I have other cards planned out and I would like to go for them after Citi. Late marker may be a concern if they pull EQ in NY. TL has been removed from EX under the NYS law.
I think it is safe to wait until I am 0/6. Thank you.

Fingers crossed that they only pull EX. Although I've been denied a few times, they've only pulled EX for me each instance. I'm in NY as well.

Re: Citi Simplicity chances

NoMoreE46 — Sun, 14 Jul 2024 01:35:29 GMT

@nytokyobred79 wrote: Fingers crossed that they only pull EX. Although I've been denied a few times, they've only pulled EX for me each instance. I'm in NY as well.

Citi had pulled Experian for me too (AA Platinum Select from last August - Florida.)

Re: Citi Simplicity chances

LADave — Mon, 02 Sep 2024 07:18:34 GMT

@NoMoreE46 wrote:
@OCONUS wrote:
Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?
current stats are
FICO8 EQ 715, TU 720, EX 729.
Inq 1 8 6
Most recent account was opened In March 2024.
Utilization is 21% overall.
EQ and TU has a late marker on a closed account from 2019

I would not apply unless I was at least 0/6.

Out of curiosity @NoMoreE46 does that have more to do with getting approved with a higher SL or with simply getting approved? (I had thought you meant 0/6 new credit card accounts - or did you mean inquiries?)

Re: Citi Simplicity chances

NoMoreE46 — Mon, 02 Sep 2024 20:51:05 GMT

@LADave

Best to be 0/6 for Inquiries. Applicants being 0/6 is not unreasonable for a conservative bank. (MOST Americans have less than four cards but we MFers are like three standard deviations from the Mean.)

Citi typically won't be giving > $10,000 SLs. CLI Requests are SP and if you apply too early, you will be provided your next eligible date...

Citi now provides eligible date for CLI - myFICO® Forums - 6774677

@LADave wrote:
@NoMoreE46 wrote:
@OCONUS wrote:
Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?
current stats are
FICO8 EQ 715, TU 720, EX 729.
Inq 1 8 6
Most recent account was opened In March 2024.
Utilization is 21% overall.
EQ and TU has a late marker on a closed account from 2019

I would not apply unless I was at least 0/6.
Out of curiosity @NoMoreE46 does that have more to do with getting approved with a higher SL or with simply getting approved? (I had thought you meant 0/6 new credit card accounts - or did you mean inquiries?)