topic Re: Why am i pre approved in Credit Card Applications

Why am i pre approved

Anonymous — Tue, 10 Feb 2015 00:48:03 GMT

For fun i like to check where i am pre approved. so about a minute ago i checked my citi pre approval page and i got the Citi Double Cash!

why just why .. i used to want that card. but its the same thing as the Cap 1 Venture 2x points. imo

just letting some itch go away on this post.

Re: Why am i pre approved

Anonymous — Tue, 10 Feb 2015 01:00:12 GMT

The rewards are the same if you are going to use the credit on travel related costs, but if you are looking to use the statement credit on everyday purchases than the Citi DC is better.

Re: Why am i pre approved

Anonymous — Tue, 10 Feb 2015 02:07:45 GMT

thanks!

thats why i didnt pull thy trigger

Re: Why am i pre approved

Anonymous — Tue, 10 Feb 2015 02:08:11 GMT

@Anonymous wrote:
For fun i like to check where i am pre approved. so about a minute ago i checked my citi pre approval page and i got the Citi Double Cash!

why just why .. i used to want that card. but its the same thing as the Cap 1 Venture 2x points. imo

just letting some itch go away on this post.

0 AF perhaps?

Re: Why am i pre approved

NRB525 — Tue, 10 Feb 2015 04:16:56 GMT

So I just went to the Citi preapproval site, and up pops:

Citi Simplicity (12.99%)

Re: Why am i pre approved

Anonymous — Tue, 10 Feb 2015 04:20:04 GMT

Thats really nice.. the rates i got for all of the cards were 17.9 which is not so good

Re: Why am i pre approved

NRB525 — Tue, 10 Feb 2015 04:58:29 GMT

The two cards I have been paying on with Citi includes an AT&T Universal card, from year 2000. High balance was on balance transfers to $24,000 in October 2008. The account had a "favorable" interest rate of 7.99%, so that wasn't BT offers, it was moving the funds to the lowest available space.

In December 2009 Citi / AT&T tried to change the terms to raise the APR to 29.99%. Ouch. So I closed the account, locking in the 7.99% on that balance. Paid down $14k over the years, just transferred $9k off in October 2014 to a 0% APR BT offer at BofA, leaving $1,200 still open on this account, still paying on that at a slightly-more-than minimum payment rate to keep the credit reporting going, and to keep that toe in the door with Citi.

The regular Citi card that was closed, was closed by them. It's on a perpetual 2.99% offer, was $13,000 that I put on that offer (after wiping the account clean first of course) in November 2004. That was pre-New Rules where if you had a higher APR on the account, the bank applied maximum payments to the lowest APR first. That $13k balance is down to just under $2k now. A finger in the door. I've also bumped this one up to a bit more than the minimum payments rate recently, just to go for the good will aspect.

Which just might go to show, if you pay off the credit card according to terms, maybe they'll give you a new CC later We shall see later this year.