topic Re: How to avoid second Citi pull in Credit Cards

How to avoid second Citi pull

kayvee_ — Thu, 14 Nov 2019 02:07:16 GMT

I just got approved for Citi Costco card on Nov 1st and I just got an offer in the mail for the DoubleCash 0% BT 18 mos. i would like to get this card but avoid a second pull, does Citi have a backdoor # i could call to see if they can approve me without another hardpull?

Re: How to avoid second Citi pull

Remedios — Thu, 14 Nov 2019 02:08:49 GMT

Sorry but another application will result in another HP. There is no way around it.

Re: How to avoid second Citi pull

Remedios — Thu, 14 Nov 2019 02:09:17 GMT

The only way to avoid second HP would be not to apply.

Re: How to avoid second Citi pull

coldfusion — Thu, 14 Nov 2019 02:26:00 GMT

@Remedios wrote:
The only way to avoid second HP would be not to apply.

Not every successful applicant has 2 x HP which begs the question as to whether or not there is enough data with sufficient fidelity to be able to accurately correlate the criteria and/or threshold that triggers a Citi double-tap vs. only pulling from a single CRA.

Re: How to avoid second Citi pull

AverageJoesCredit — Thu, 14 Nov 2019 02:30:42 GMT

I think super strong profiles often can get single pulls though thats just a hunch. I always get double tapped

Re: How to avoid second Citi pull

pinkandgrey — Thu, 14 Nov 2019 02:33:19 GMT

With the exception of some credit unions and sometimes Amex, usually each app will result in its own HP. There are exceptions, but in this case, I wouldn't expect Citi to allow it.

Congrats, though!

Re: How to avoid second Citi pull

FinStar — Thu, 14 Nov 2019 02:41:24 GMT

OP, if Citi decides to HP again on your 2nd CC, there really isn't much of a way to prevent that, even trying the backdoor number approach. It's all system-driven regardless whether you speak to an agent and they say "oh sure, we won't pull another CR with this app".

If you are really interested in another card, just pull the trigger. No risk, no reward. If you are fortunate, you may escape with a single HP, but temper your expectations and expect another HP.

Re: How to avoid second Citi pull

Remedios — Thu, 14 Nov 2019 02:42:22 GMT

@coldfusion OP wants to know how to avoid HP for a different application.

It's not about criteria for single vs double pull, it's about two separate and distinct applications, performed at different points in time.

Re: How to avoid second Citi pull

kayvee_ — Thu, 14 Nov 2019 02:51:43 GMT

Thanks all, will garden for a bit maybe I get some more offers down the line.

Re: How to avoid second Citi pull

Anonymous — Thu, 14 Nov 2019 03:11:30 GMT

From a logical perspective, how much can a CR change in less than a month. Most updates to CRs change monthly, outside of some major change (BK, 30 days late). Of course they want to make sure the app isn't coming because of one of those that just popped up, but they ought to factor in, if they don't already, the app is pursued from an offer they made, especially if they ask for an offer code with the app.

Re: How to avoid second Citi pull

Anonymous — Thu, 14 Nov 2019 04:48:51 GMT

@Anonymous wrote:
From a logical perspective, how much can a CR change in less than a month. Most updates to CRs change monthly, outside of some major change (BK, 30 days late). Of course they want to make sure the app isn't coming because of one of those that just popped up, but they ought to factor in, if they don't already, the app is pursued from an offer they made, especially if they ask for an offer code with the app.

Perhaps one concern is "If this person is applying for a second with us, so soon, perhaps he/she has also applied for several other cards with other institutions in the same time period" and so check for that, at least on one CRA, by doing another pull.

Re: How to avoid second Citi pull

Anonymous — Thu, 14 Nov 2019 04:58:09 GMT

@Anonymous wrote:
@Anonymous wrote:
From a logical perspective, how much can a CR change in less than a month. Most updates to CRs change monthly, outside of some major change (BK, 30 days late). Of course they want to make sure the app isn't coming because of one of those that just popped up, but they ought to factor in, if they don't already, the app is pursued from an offer they made, especially if they ask for an offer code with the app.
Perhaps one concern is "If this person is applying for a second with us, so soon, perhaps he/she has also applied for several other cards with other institutions in the same time period" and so check for that, at least on one CRA, by doing another pull.

Exactly. Because they are so close together, they might want to see if something else is going on. And maybe because the cardholder is responding to an offer, some of that concern is tempered. It wasn't very common at all 15 years ago to apply for multiple cards from the same issuer close together. It's a little different now with trifectas and complementary cards with a main card these days.

Depending on my estimate of how many points I'd lose for applying, I'd probably go for it.

Re: How to avoid second Citi pull

K-in-Boston — Thu, 14 Nov 2019 05:24:02 GMT

@Anonymous wrote:
@Anonymous wrote:
From a logical perspective, how much can a CR change in less than a month. Most updates to CRs change monthly, outside of some major change (BK, 30 days late). Of course they want to make sure the app isn't coming because of one of those that just popped up, but they ought to factor in, if they don't already, the app is pursued from an offer they made, especially if they ask for an offer code with the app.
Perhaps one concern is "If this person is applying for a second with us, so soon, perhaps he/she has also applied for several other cards with other institutions in the same time period" and so check for that, at least on one CRA, by doing another pull.

It's also that institution notifying others that you have applied for credit, which should be the point of a hard pull anyway even though some lenders will reuse a pull or not do a HP at all in some cases.

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 03:17:44 GMT

^^^^Exactly this. If they wanna know whats going on, they could SP. It's to leave their mark for other FIs.

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 03:23:11 GMT

@Anonymous wrote:
^^^^Exactly this. If they wanna know whats going on, they could SP. It's to leave their mark for other FIs.

True. But from their perspective, they have a recent report that's not too stale, and they have to pay for those pulls. It would be like checking the weather report for this weekend 2 hours later than the previous time. Except they have to pay for the report.

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 03:47:00 GMT

so is a HP cheaper than a SP?

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 03:49:30 GMT

@Anonymous wrote:
so is a HP cheaper than a SP?

It would make sense that it would not be, but I do not know. Usually, getting more means paying more.

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 05:14:17 GMT

They get the same info either way, only difference is an HP leaves a mark.

Re: How to avoid second Citi pull

Anonymous — Tue, 19 Nov 2019 05:15:47 GMT

Point is, if they just wanna be OCD and check the weather again, they could SP.