topic Re: CITI Costco Visa next yr, and past burn with CITI in Credit Cards

CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 03:37:17 GMT

So, the cats out of the bag, as we all know CITI will take over Costco and issue the Costco Visa next spring. I already have 3 Visa's I can use there, but looking for an "in" into Citi. They got burned in my BK7 in 2013.

By the time next year they take over, and roll out the new Costco Visa, Ill be almost 3 years since filing when that happens. I know Citi and Chase are rough to get back with after a burn, but thoughts on trying at that time for a Costco card??

Do you think they might relax the credit requirements a tad, and since its all new and everyone in the US will be excited and want the new card, will it worth it at that time to try for an "in"? Thoughts appreciated

Re: CITI Costco Visa next yr, and past burn with CITI

Anonymous — Thu, 05 Mar 2015 03:38:50 GMT

Doubtful.

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 03:41:17 GMT

LOL..Youre so postive!! ...but I was afraid of that..I guess Ill just have to see the mass hysteria posts next year, and see if anyone who burned them got back in.

Re: CITI Costco Visa next yr, and past burn with CITI

Anonymous — Thu, 05 Mar 2015 03:43:01 GMT

@pizza1 wrote:
LOL..Youre so postive!! ...but I was afraid of that..I guess Ill just have to see the mass hysteria posts next year, and see if anyone who burned them got back in.

Just sayin' like it is.

I never burnt them and they won't give me anything.

Re: CITI Costco Visa next yr, and past burn with CITI

Imperfectfuture — Thu, 05 Mar 2015 03:58:31 GMT

@pizza1 wrote:
LOL..Youre so postive!! ...but I was afraid of that..I guess Ill just have to see the mass hysteria posts next year, and see if anyone who burned them got back in.

You might be right on the hysteria. I posted link in thread from Credit in the News. Basically, Citi will be evaluating everyone in the portfolio. New limits, new apr's etc. And, they admitted, not everyone will qualify for a card (and this scenario is more than likely in the filter).

Me personally, unless there are tremendous rewards I don't get with other cards, I'm going to use my a Chase Amazon Visa. Gives same cash back as Amex, not much difference, but I can imagine the looks from the employees used to Amex.

PS, I do pre qual for citi cards, but the apr's are outrageous. So I'm not wanting anything from them at the moment. Your not missing out Pizza, you have a good line up now. I would like to garden for two years, but life might prompt me to get a discover for another 0% for awhile. I'm content.

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 04:02:58 GMT

@ IMF....So Citi might raise the standards on the Costco card huh? Wonder if Cap one will still keep their store card. You have to apply in store and ask an associate that you want to apply for the store version.

regardless...Im in the garden, but just thought that might be a time to try to be back with Citi..maybe not apparently,lol

Re: CITI Costco Visa next yr, and past burn with CITI

Zorasmiles — Thu, 05 Mar 2015 04:06:11 GMT

I'm not a Citi fan and knowing their past practices, they won't worry about picking the lower hanging fruit and only go for the higher ups and business accounts. People will rush to acquire "Costco's" latest offering! Costco will dangle a gift card, rotissirie chicken and a case of water for those who apply and are "ACCEPTED" into the new BIG BOX ELITE <GAG> lol I'll swipe one of my current Visa's and call it a day

Re: CITI Costco Visa next yr, and past burn with CITI

northface28 — Thu, 05 Mar 2015 04:06:39 GMT

@Anonymous wrote:
Doubtful.

Highly doubtful.

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 04:09:38 GMT

LOL Zora!!

Re: CITI Costco Visa next yr, and past burn with CITI

Zorasmiles — Thu, 05 Mar 2015 04:19:07 GMT

Pizza you get the card and we can share the water and chicken...I'm a breast and legs man lol

Re: CITI Costco Visa next yr, and past burn with CITI

sunkissed — Thu, 05 Mar 2015 04:38:41 GMT

@Anonymous wrote:
@pizza1 wrote:
LOL..Youre so postive!! ...but I was afraid of that..I guess Ill just have to see the mass hysteria posts next year, and see if anyone who burned them got back in.
Just sayin' like it is.

I never burnt them and they won't give me anything.

Same here, Nixon. Citi won't issue me anything either I'll most likely use one of my NFCU cards if I keep my Costco membership.

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 04:57:05 GMT

LMAO!!!

Re: CITI Costco Visa next yr, and past burn with CITI

NRB525 — Thu, 05 Mar 2015 05:23:47 GMT

@pizza1 wrote:
So, the cats out of the bag, as we all know CITI will take over Costco and issue the Costco Visa next spring. I already have 3 Visa's I can use there, but looking for an "in" into Citi. They got burned in my BK7 in 2013.

By the time next year they take over, and roll out the new Costco Visa, Ill be almost 3 years since filing when that happens. I know Citi and Chase are rough to get back with after a burn, but thoughts on trying at that time for a Costco card??

Do you think they might relax the credit requirements a tad, and since its all new and everyone in the US will be excited and want the new card, will it worth it at that time to try for an "in"? Thoughts appreciated

Do you have an AMEX?

Have you considered getting the AMEX Costco card now, to be able to get a running start when that portfolio is transferred to Citi?

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 05:26:11 GMT

NRB... I about chocked on my coffee reading your first line of post. Um... I had a BK in 2013... Amex doesn't like that lol!!! Won't qualify for Amex for many years to come. Wish I did

Re: CITI Costco Visa next yr, and past burn with CITI

Imperfectfuture — Thu, 05 Mar 2015 05:27:12 GMT

@NRB525 wrote:
@pizza1 wrote:
So, the cats out of the bag, as we all know CITI will take over Costco and issue the Costco Visa next spring. I already have 3 Visa's I can use there, but looking for an "in" into Citi. They got burned in my BK7 in 2013.

By the time next year they take over, and roll out the new Costco Visa, Ill be almost 3 years since filing when that happens. I know Citi and Chase are rough to get back with after a burn, but thoughts on trying at that time for a Costco card??

Do you think they might relax the credit requirements a tad, and since its all new and everyone in the US will be excited and want the new card, will it worth it at that time to try for an "in"? Thoughts appreciated
Do you have an AMEX?
Have you considered getting the AMEX Costco card now, to be able to get a running start when that portfolio is transferred to Citi?

Citi is still evaluating those cards. My link is in one of the other threads, reported on abc news site. Not everyone with Amex will qualify for citi Costco. Also, Amex tends to be bk adverse. Pizza has good visas, she will be fine.

Re: CITI Costco Visa next yr, and past burn with CITI

NRB525 — Thu, 05 Mar 2015 05:33:56 GMT

@pizza1 wrote:
NRB... I about chocked on my coffee reading your first line of post. Um... I had a BK in 2013... Amex doesn't like that lol!!! Won't qualify for Amex for many years to come. Wish I did

Ok, Citi secured MasterCard?

I opened a secured PenFed card because they would not give me a regular CC.

Technically, I am "rebuilding" until I get lower utilization and a better score, then may try to get a regular PenFed card. I'm still not certain but want the option available.

Re: CITI Costco Visa next yr, and past burn with CITI

Imperfectfuture — Thu, 05 Mar 2015 05:36:06 GMT

@NRB525 wrote:
@pizza1 wrote:
NRB... I about chocked on my coffee reading your first line of post. Um... I had a BK in 2013... Amex doesn't like that lol!!! Won't qualify for Amex for many years to come. Wish I did
Ok, Citi secured MasterCard?
I opened a secured PenFed card because they would not give me a regular CC.
Technically, I am "rebuilding" until I get lower utilization and a better score, then may try to get a regular PenFed card. I'm still not certain but want the option available.

Costco will need visas.

Re: CITI Costco Visa next yr, and past burn with CITI

NRB525 — Thu, 05 Mar 2015 05:38:08 GMT

@Imperfectfuture wrote:
@NRB525 wrote:
@pizza1 wrote:
NRB... I about chocked on my coffee reading your first line of post. Um... I had a BK in 2013... Amex doesn't like that lol!!! Won't qualify for Amex for many years to come. Wish I did
Ok, Citi secured MasterCard?
I opened a secured PenFed card because they would not give me a regular CC.
Technically, I am "rebuilding" until I get lower utilization and a better score, then may try to get a regular PenFed card. I'm still not certain but want the option available.
Costco will need visas.

Citi issues the future Costco cards. OP wants to see about getting a card issued later from Citi. A way to rebuild with Citi is through the secured MasterCard.

Re: CITI Costco Visa next yr, and past burn with CITI

Anonymous — Thu, 05 Mar 2015 05:43:24 GMT

@Imperfectfuture wrote:
@NRB525 wrote:
@pizza1 wrote:
NRB... I about chocked on my coffee reading your first line of post. Um... I had a BK in 2013... Amex doesn't like that lol!!! Won't qualify for Amex for many years to come. Wish I did
Ok, Citi secured MasterCard?
I opened a secured PenFed card because they would not give me a regular CC.
Technically, I am "rebuilding" until I get lower utilization and a better score, then may try to get a regular PenFed card. I'm still not certain but want the option available.
Costco will need visas.

Three I see.

Re: CITI Costco Visa next yr, and past burn with CITI

pizza1 — Thu, 05 Mar 2015 05:55:15 GMT

@ NRB....Thats good info, but Im past the secured card stage now. The only secured card Id even consider at this point would be the BOFA $99/500, because I know it unsecures. But thank you for that info!! I do appreciate it