topic Re: Citi, Amex, US Bank, WF, or BoA in Credit Cards

Citi, Amex, US Bank, WF, or BoA

jdbkiang — Wed, 05 Sep 2018 05:04:00 GMT

Opened 3 cards in April, 2 in July, and am thinking about opening a couple more in the next couple months after reaching the Minimum Spend to receive the SUB on the new cards I have.

I already have Amex cards and am prequalified for all their cards except the 3 charge cards. If I go this route, it'd be a soft pull and I'd probably go for either SPG or Delta for the 70K bonus.

I don't have any accounts with Citi, WF, US Bank, or BoA. Which one is most open to someone like me whose opened accounts recently? I'm prequalified with US Bank, but not with the other 3 (at least not that I know of). I've been denied by Citi a couple times in the past, but have no experience with any of the other banks.

Re: Citi, Amex, US Bank, WF, or BoA

Anonymous — Tue, 04 Sep 2018 02:57:24 GMT

Which one(s) have the product(s) that fit your spend?

Re: Citi, Amex, US Bank, WF, or BoA

Anonymous — Tue, 04 Sep 2018 03:41:59 GMT

@Anonymous wrote:
Which one(s) have the product(s) that fit your spend?

This! Focussing on issuers is usually the wrong approach. Find a card that would suit your needs, then determine if you can get it.

Re: Citi, Amex, US Bank, WF, or BoA

Anonymous — Tue, 04 Sep 2018 11:54:12 GMT

OP—I’ve re-read your post a few times and it seems as though you want churning advice/suggestions. Perhaps repost with that in the title and people with churning experience will respond. Otherwise, see the two responses prior to this one and see if you can provide further clarification.

Re: Citi, Amex, US Bank, WF, or BoA

AverageJoesCredit — Tue, 04 Sep 2018 12:08:07 GMT

Op, please tread carefully in regards to mentioning MS as its against forum TOS to discuss such things here. Thank you for your understanding.

Re: Citi, Amex, US Bank, WF, or BoA

UpperNwGuy — Tue, 04 Sep 2018 12:39:08 GMT

You've already gotten too many cards in too short a time. You need to take a break for at least six months, probably longer.

Re: Citi, Amex, US Bank, WF, or BoA

Anonymous — Tue, 04 Sep 2018 13:25:04 GMT

@AverageJoesCredit wrote:
Op, please tread carefully in regards to mentioning MS as its against forum TOS to discuss such things here. Thank you for your understanding.

I believe OP meant MS to be "minimum spend" (for SUB) as you never complete the other form.....

Re: Citi, Amex, US Bank, WF, or BoA

xaximus — Tue, 04 Sep 2018 15:38:36 GMT

Out of the 4 listed - BoA will probably be the easiest one to get. As others have mentioned - if you're looking to get cards just for the SUB, I would think twice because sooner or later, the hammer drops and everything you've attempted will be taken away or reduced. Get cards that you can actually see a future with or see yourself using. Don't get them just because you can. It never works out well in that case. From looking at your sig - IMHO - most of your cards are from 2017/2018. I would be conservative and not apply for anything for a few months. But it is upto you.

Good luck.

Re: Citi, Amex, US Bank, WF, or BoA

pinkandgrey — Wed, 05 Sep 2018 01:18:39 GMT

I can say from personal experience that BofA, US Bank, and WF tend to like a relationship with them before handing out their credit cards. Citi has a great prequal site that I would try. Just recently got the DC.

Re: Citi, Amex, US Bank, WF, or BoA

Anonymous — Wed, 05 Sep 2018 01:54:06 GMT

@pinkandgrey wrote:
I can say from personal experience that BofA, US Bank, and WF tend to like a relationship with them before handing out their credit cards. Citi has a great prequal site that I would try. Just recently got the DC.

What is your personal experience?

My wife and I each have a US Bank Cash + and we never had any previous relationship with them, so I can equally say from personal experience, US Bank doesnt care about relationships at all!

That's the trouble with anecdotal evidence.

Re: Citi, Amex, US Bank, WF, or BoA

jdbkiang — Wed, 05 Sep 2018 05:04:55 GMT

@AverageJoesCredit wrote:
Op, please tread carefully in regards to mentioning MS as its against forum TOS to discuss such things here. Thank you for your understanding.

Sorry, I've edited the post to clarify. Definitely do not intend to insinuate any illegal activity.

Re: Citi, Amex, US Bank, WF, or BoA

jdbkiang — Wed, 05 Sep 2018 05:14:04 GMT

They all do, actually.

I still use most of the cards I have and do not intend to close any cards that I open. US Bank's Cash+ and Altitude Reserve really interest me (though I'm still not sure if the CSR and Altitude overlap too much). WF's Propel and Visa Signature combination also interest me. Amex's MR cards seem like a good backup in case Chase's cards lose value, while the SPG and Delta programs are ones I've considered joining for a while. Citibank's TYP program has also intrigued me for a long time, so with the current SUB on the TY Premier, I figured maybe it was good timing. I also just received BoA's Alaska Airlines invitation and that's another card I've considered for a while.

So to sum it up, the issue is more of which I should go for first rather than which one to go for period. I understand waiting a few months as well, but I figured it wouldn't hurt to give it a shot, if any of the aforementioned banks aren't too finicky with multiple recent account openings.

Re: Citi, Amex, US Bank, WF, or BoA

SweetCreditObsession — Wed, 05 Sep 2018 06:58:49 GMT

Why did Citi deny you in the past?

Re: Citi, Amex, US Bank, WF, or BoA

pinkandgrey — Wed, 05 Sep 2018 11:43:33 GMT

@Anonymous wrote:
@pinkandgrey wrote:
I can say from personal experience that BofA, US Bank, and WF tend to like a relationship with them before handing out their credit cards. Citi has a great prequal site that I would try. Just recently got the DC.
What is your personal experience?

My wife and I each have a US Bank Cash + and we never had any previous relationship with them, so I can equally say from personal experience, US Bank doesnt care about relationships at all!

That's the trouble with anecdotal evidence.

You definitely make a good point, and I know (also from experience) that these banks will approve non-existing customers. I too have a US Bank Cash card. However, LACK of relationship is an often-cited reason for denial. I wasn't saying that there was no chance at all.

Re: Citi, Amex, US Bank, WF, or BoA

jdbkiang — Wed, 05 Sep 2018 18:21:50 GMT

@SweetCreditObsession wrote:
Why did Citi deny you in the past?

I don't remember clearly, but I think I applied after an app spree, so I wouldn't be surprised if it was for too many new inquiries or too many new accounts.