topic Re: CITI and USAA burn - How long is their memory? in Credit Cards

CITI and USAA burn - How long is their memory?

Anonymous — Wed, 13 Feb 2019 23:28:01 GMT

Anyone know if CITI and USAA ever let you off of the bad list?

Burned both back in 05-06 - major business issues, "lost my shirt," etc. Wish I had just paid bare minimums... would be better off... but alas, I was scared, backed into a corner, and panicked.

USAA I know has a LONG LONG memory... but not sure HOW LONG. Any ideas re CITI?

Re: CITI and USAA burn - How long is their memory?

FinStar — Wed, 13 Feb 2019 23:33:29 GMT

Long memory for both, unfortunately. No set timeframe if you're on the naughty list. Was the burn IIB or CO? And, was it a fairly large sum?

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 00:05:05 GMT

@FinStar wrote:
Long memory for both, unfortunately. No set timeframe if you're on the naughty list. Was the burn IIB or CO? And, was it a fairly large sum?

Shame on me. Completely forgot to mention that.

NOT IIB - Just a CO.

(EDITED after posting - found an old credit report from 2007)

USAA ~6k

CITI ~12k

Re: CITI and USAA burn - How long is their memory?

FinStar — Wed, 13 Feb 2019 23:47:03 GMT

@Anonymous wrote:
@FinStar wrote:
Long memory for both, unfortunately. No set timeframe if you're on the naughty list. Was the burn IIB or CO? And, was it a fairly large sum?
Shame on me. Completely forgot to mention that.

NOT IIB - Just a CO.
Both ~6k (each)

No worries, you're fine. The additional info tends to help the community with data points.

The only thing with both Citi and USAA, if you decide to apply, there will be a HP (even if still blacklisted).

Re: CITI and USAA burn - How long is their memory?

Anonymous — Wed, 13 Feb 2019 23:52:36 GMT

The only thing with both Citi and USAA, if you decide to apply, there will be a HP (even if still blacklisted).

Well, at least in their denial letter, they should tell be it was because of previous bad history... so then I'd know.

USAA, at least, I can "feel out" first by trying to reactivate my membership...... so there's that. I don't really *NEED* USAA, though. CITI, on the other hand, has the AA card I want.................... or, more specifically, the AA card I WANT BACK! (it's what I lost when i burned them).

Re: CITI and USAA burn - How long is their memory?

pizza1 — Thu, 14 Feb 2019 00:41:45 GMT

If you still owe them money, but the collection is just past the SOL, Id be hard pressed to say that you'll be BL for awhile. The only way to find out is to apply.

USAA try to re-activate your membership first, and go from there. You might be BL from their website all together. You'll know because a big red banner with flash on the screen saying that you've cause them a loss , etc...

Citi...same. Apply and see what happens...

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 02:31:19 GMT

I can’t speak for USAA but I burned Citi in 2008 for around $16k. I eventually paid it off through wage garnishment but Citi didn’t know that as it was owned by a collection agency by then. My credit was trashed all around so I had to just wait out the 6-7 yrs for clean reports, which I never would have gotten if I hadn’t found MyFICO (thank you!!!!!).

Anyway, I started just throwing apps at the wall in late 2015. Got a few store cards and a CapOne and just let those grow. Citi was my biggest burn and also the one I wanted back in with the most, just to prove a point. My first few apps were denials but the reason was never related to prior history. Then, one night in December of 2016 I went on a crazy app spree that all started because I got an instant approval on the Citi Costco Visa for $4,600!! I was floored. I figured they’d hate me for all eternity. I nearly cried when I got that approval because it had been such a long journey.

I now have a 2nd Citi card and I’ve gotten back in with every other lender I burned. So, their memory isn’t forever, it just takes time & patience. I’d start with an application just to see what happens. That way you’ll know where you stand with them. Good Luck!!

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 02:47:27 GMT

@Anonymous wrote:
I can’t speak for USAA but I burned Citi in 2008 for around $16k. I eventually paid it off through wage garnishment but Citi didn’t know that as it was owned by a collection agency by then. My credit was trashed all around so I had to just wait out the 6-7 yrs for clean reports, which I never would have gotten if I hadn’t found MyFICO (thank you!!!!!).

Anyway, I started just throwing apps at the wall in late 2015. Got a few store cards and a CapOne and just let those grow. Citi was my biggest burn and also the one I wanted back in with the most, just to prove a point. My first few apps were denials but the reason was never related to prior history. Then, one night in December of 2016 I went on a crazy app spree that all started because I got an instant approval on the Citi Costco Visa for $4,600!! I was floored. I figured they’d hate me for all eternity. I nearly cried when I got that approval because it had been such a long journey.

I now have a 2nd Citi card and I’ve gotten back in with every other lender I burned. So, their memory isn’t forever, it just takes time & patience. I’d start with an application just to see what happens. That way you’ll know where you stand with them. Good Luck!!

Thank you. You’ve given me hope!

Re: CITI and USAA burn - How long is their memory?

800FICOGoal — Thu, 14 Feb 2019 03:01:06 GMT

@Anonymous wrote:
So, their memory isn’t forever, it just takes time & patience.

I would argue that they never forget. However, they may forgive.

Re: CITI and USAA burn - How long is their memory?

Jnbmom — Thu, 14 Feb 2019 03:06:06 GMT

We included Citi in my BK 2005. It took 13 years to get back in and they only approved me for the simplicity card , any other cards I applied for I get denied for previous history with them. DH could only get the Home depot card all others declined for above reasons.

Citi is a weird one.

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 14:24:55 GMT

https://ficoforums.myfico.com/t5/Personal-Finance/USAA-Debt-Forgiveness/m-p/5299101

I came across this post a while back that says USAA will forgive after 99 months.

Re: CITI and USAA burn - How long is their memory?

imaximous — Thu, 14 Feb 2019 14:38:33 GMT

I burned Citi in my 2011 BK7. Up until a year ago, I got denied for Prestige & DC due to BK, but no mention of previous relationship.
Once my BK was 7 yrs old, I applied again and got Costco business. Then, 4 months later, I got AA business. I wasn't sure if I was completely out of the doghouse since both are co-branded cards. So, I applied for Prestige when they relaunched the card and was also approved. All 3 cards were approved in the last 6 months. $4k, $7k & $20k SL approvals in that order.

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 16:35:07 GMT

I dont' think they ban from their website anymore. My unpaid debts to them are well over $100k and I still have insurance from and use their website.

Re: CITI and USAA burn - How long is their memory?

Anonymous — Thu, 14 Feb 2019 17:28:06 GMT

@Anonymous wrote:
Anyone know if CITI and USAA ever let you off of the bad list?

Burned both back in 05-06 - major business issues, "lost my shirt," etc. Wish I had just paid bare minimums... would be better off... but alas, I was scared, backed into a corner, and panicked.

USAA I know has a LONG LONG memory... but not sure HOW LONG. Any ideas re CITI?

Give citi a try, not much to lose anyway.

Citi has the biggest credit card balance sheet out there, I doubt they will blacklist you forever.

Re: CITI and USAA burn - How long is their memory?

sjt — Fri, 15 Feb 2019 00:15:23 GMT

OP- Have you check out the Citi prequal site?

Re: CITI and USAA burn - How long is their memory?

Anonymous — Fri, 15 Feb 2019 05:08:31 GMT

@sjt wrote:
OP- Have you check out the Citi prequal site?

At your suggestion, yes... but all it said was "we couldn't match your records to a Pre-Qualified credit card" and suggested their 2% card instead. That doesn't sound like it actually *did* anything, which wouldn't surprise me since prequals usually can't access my credit file, even on a soft pull - fraud alerts / no marketing / etc flags on the report.

Re: CITI and USAA burn - How long is their memory?

Anonymous — Fri, 15 Feb 2019 13:29:48 GMT

Also does anyone know if the Citi Pre-qualify site also lists co-branded cards (Macy's,Costco) or is it just bank cards? I too burned city in 2014 when they took over the Bestbuy portfolio from Capital One. I now owe Citi $600 instead of Capital One. I don't care for any of Citi's bank cards as I have good ones already, but I am interested in some of the retail. OP I have read on here others that have said they got back in with Citi even after burning them in BK. I would check some other posts as well for reference points. They helped answer a good amount of my questions!

Re: CITI and USAA burn - How long is their memory?

FinStar — Fri, 15 Feb 2019 15:32:13 GMT

@Anonymous wrote:
Also does anyone know if the Citi Pre-qualify site also lists co-branded cards (Macy's,Costco) or is it just bank cards? I too burned city in 2014 when they took over the Bestbuy portfolio from Capital One. I now owe Citi $600 instead of Capital One. I don't care for any of Citi's bank cards as I have good ones already, but I am interested in some of the retail. OP I have read on here others that have said they got back in with Citi even after burning them in BK. I would check some other posts as well for reference points. They helped answer a good amount of my questions!

Only Citi legacy/core cards (not Macy's, Sears, Best Buy, Shell, etc). Pretty much most of the CCs that are displayed on the Citi Cards website.

Re: CITI and USAA burn - How long is their memory?

Anonymous — Fri, 15 Feb 2019 16:01:51 GMT

Thank you for your help! I will just have to cold app instead of hope for a pre-approval I guess.

Re: CITI and USAA burn - How long is their memory?

sjt — Sun, 17 Feb 2019 20:43:25 GMT

@Anonymous wrote:
@sjt wrote:
OP- Have you check out the Citi prequal site?
At your suggestion, yes... but all it said was "we couldn't match your records to a Pre-Qualified credit card" and suggested their 2% card instead. That doesn't sound like it actually *did* anything, which wouldn't surprise me since prequals usually can't access my credit file, even on a soft pull - fraud alerts / no marketing / etc flags on the report.

Opt out will prevent prequal offers.