topic Re: I submitted 3 apps today and... in Credit Cards

I submitted 3 apps today and...

Anonymous — Sun, 21 Dec 2008 05:05:18 GMT

I applied to three places and look at what I got with current scores at 88%UTL

Best buy $700

Kays $2800

I requested a citi CLI from my current $500.00 and got declined!?

I do not understand why citi sucks so bad, or what I have to do for a CLI, but I am ticked.

I have only had credit for 8 months now, BTW.

Re: I submitted 3 apps today and...

champ02 — Sun, 21 Dec 2008 05:13:41 GMT

Congrats! Thou I would be very careful applying for new credit these days.... Seems that some CCC are using that as a justification to CLD or close existing accounts!

Re: I submitted 3 apps today and...

score_building — Sun, 21 Dec 2008 05:13:51 GMT

congrats!

new accts. and high util don't bode well for cli requests.

@Anonymous wrote:
I applied to three places and look at what I got with current scores at 88%UTL

Best buy $700
Kays $2800
I requested a citi CLI from my current $500.00 and got declined!?

I do not understand why citi sucks so bad, or what I have to do for a CLI, but I am ticked.
I have only had credit for 8 months now, BTW.

Re: I submitted 3 apps today and...

laz98 — Sun, 21 Dec 2008 05:46:16 GMT

congrats! did you get the best buy store card or the rewards mastercard?

Re: I submitted 3 apps today and...

Anonymous — Sun, 21 Dec 2008 07:06:28 GMT

8 month old credit at 88% utl. Boy that citi are hard asses. LOL

Re: I submitted 3 apps today and...

marty56 — Sun, 21 Dec 2008 13:32:23 GMT

@Anonymous wrote:
8 month old credit at 88% utl. Boy that citi are hard asses. LOL

I dont think I was that bad when first I started my CC reign of terror.

Seriously the OP needs to stop apping and pay down the balances to 9% or better and not apply or ask for a CLI for a year.

Not a good time to go adventuring with CC apps, espcially store cards.

Re: I submitted 3 apps today and...

Anonymous — Sun, 21 Dec 2008 14:09:34 GMT

@Anonymous wrote:
I applied to three places and look at what I got with current scores at 88%UTL

Best buy $700
Kays $2800
I requested a citi CLI from my current $500.00 and got declined!?

I do not understand why citi sucks so bad, or what I have to do for a CLI, but I am ticked.
I have only had credit for 8 months now, BTW.

In regards to Citi, in my experience, you aren't going to get a CLI from them until you get your util down. I had about 95% util on one of my Citi cards from May 06 to June 08 where I did make the minimum payments, so the util was going down, but not by much. In late 2007 or early 2008 I requested a CLI online and continually got the form, form = hard, so I never filled out the form. When I got my util down to about 16-22% and I requested the CLI I got an automatic $1500 CLI.

So get your util down and then try it again.

Re: I submitted 3 apps today and...

Anonymous — Sun, 21 Dec 2008 18:55:37 GMT

I got the store card from best buy, and yea, citi are hard asses, but I am on the phone with them again raising hell about this tiny card limit they have me on. I want a bump to 1k, for now, and thats it!! GEEZ!

Re: I submitted 3 apps today and...

Anonymous — Sun, 21 Dec 2008 19:17:46 GMT

@Anonymous wrote:
I got the store card from best buy, and yea, citi are hard asses, but I am on the phone with them again raising hell about this tiny card limit they have me on. I want a bump to 1k, for now, and thats it!! GEEZ!

I don't think that you'll get it. For one thing, Citi is supposed to be a VERY conservative lender. 88% utilization AND only 8 months of good tradelines? Even if you threaten to close your account, you'll get no love -- unless the rest of your credit file is PERFECT. I.e., 0% utilization on all other cards -- and those cards being at least a 1 year old.

Again, Citi seems to be a VERY conservative lender. In calling and making a stink over a NEW TL's CLI, I think you're not only killing the golden goose, but you're torturing it first, too.

And remember, Citi doesn't HAVE to give you doodly-squat. Having that attitude with any CC isn't going to help.

Re: I submitted 3 apps today and...

jbh — Sun, 21 Dec 2008 19:18:18 GMT

Few people who only have credit for 8 months get cli's. Usually it takes 6 months with a company before they consider one. They are generous but you must be patient. By creating new accounts and demanding a cli, it makes you look desperate in their eyes and you will present yourself as a riskier candidate.

Re: I submitted 3 apps today and...

Anonymous — Mon, 22 Dec 2008 00:07:13 GMT

Its ok, crap on them. I just called best buy HSBC, and they bumped my CL to 900 from 700 after only one day of being open. haha.

Re: I submitted 3 apps today and...

jmbfl — Mon, 22 Dec 2008 00:52:29 GMT

@Anonymous wrote:
Its ok, crap on them. I just called best buy HSBC, and they bumped my CL to 900 from 700 after only one day of being open. haha.

And the next time you call them for a CLI they will say you already have gotten one. This one will count! Never laugh at a CCC - it's their marbles and their game.

Re: I submitted 3 apps today and...

Anonymous — Mon, 22 Dec 2008 01:05:42 GMT

@Anonymous wrote:
I got the store card from best buy, and yea, citi are hard asses, but I am on the phone with them again raising hell about this tiny card limit they have me on. I want a bump to 1k, for now, and thats it!! GEEZ!

Step away from the phone...quitely and carefully.

Re: I submitted 3 apps today and...

score_building — Mon, 22 Dec 2008 01:37:49 GMT

a false sense of entitlement can be your worst enemy in this economy, a little patience and appreciation as you try to build please - you won't regret it.

rpmmotorsprts wrote:
Its ok, crap on them. I just called best buy HSBC, and they bumped my CL to 900 from 700 after only one day of being open. haha.

Re: I submitted 3 apps today and...

MsKiwi — Mon, 22 Dec 2008 03:24:46 GMT

@Anonymous wrote:
Its ok, crap on them. I just called best buy HSBC, and they bumped my CL to 900 from 700 after only one day of being open. haha.

I'm going to say this and hopefully you will not take this wrong. Right now you just did 3 apps on a fico score that is not very strong and a history that is at best very thin. You are going to take a hit just for the inquiries further lowering your scores. You are getting some sound advice from people who have all BTDT. Take the advice you are being given and let your history build. This is not the time to go on an app frenzy and certainly not the time to be pushy on cli's.

I would hate to see you in a few months upset that your cc's are cld'ing you and closing your accounts.

Re: I submitted 3 apps today and...

Anonymous — Mon, 22 Dec 2008 05:12:12 GMT

yea I am done with it for now. I just wanted it to help my utl, but I went ahead and paid al my cc off today, so that will do it, plus I got approved on my app frenzy for the following figuring ppl will want to offer credit around xmas time, and I was right.

I got Hooters, dont know the cl yet

Macys 300

kays 2800

best buy 900

and thats it for now, no answers on the other apps yet. But anyway, after all the app frenzying and the inquiries putting a hit on my credit my scores are still 600 or better. Exp dropped to 605, TU stayed the same somehow, and EX dropped to 600, but well see what happens when they all report maybe theyll go, maybe theyll go down, and maybe me paying off all my cc debt will keep my scores above 600. Either way, no more applying for any new accounts. I have all the accounts I could ever need, just need to establish them, and get the lines up over time. Thanks for the advice.

Re: I submitted 3 apps today and...

Anonymous — Mon, 22 Dec 2008 05:55:39 GMT

I'd be willing to bet that paying down 88% utl will have more benifit than the inverse amount of loss you'll get from all the inquiries combined.

Re: I submitted 3 apps today and...

jmbfl — Mon, 22 Dec 2008 16:34:48 GMT

It is posted elsewhere here - Merrick Bank, the issuer for Hooters, has been closing accounts they previously opened with the stated reason that they did not like the cardholders application pattern post approval.

Re: I submitted 3 apps today and...

Anonymous — Mon, 22 Dec 2008 20:25:28 GMT

@Anonymous wrote:
yea I am done with it for now. I just wanted it to help my utl, but I went ahead and paid al my cc off today, so that will do it,

Sounds a little backwards. Next time you go on an app spree or ask for CLI's, if you have the money in the bank - might I suggest that you pay the balances down first? Your score would have looked much better and the lenders would have been more generous.

Congrats on your new trade lines, treat them well and they will grown with you!

Re: I submitted 3 apps today and...

Anonymous — Tue, 23 Dec 2008 02:22:19 GMT

I've gotta vouch for Citi. I have 3 accounts with them (2 since 2/08 and 1 since 3/08). On all of them, I've been CLI'd twice! Citi is a great company to deal with--they're not stingy at all.