topic Re: Citi Credit Card approval? in Credit Cards

Citi Credit Card approval?

Anonymous — Mon, 22 Feb 2010 07:26:15 GMT

I am looking into applying for a Citi Bank CC. Has anyone been approved lately and can you lmk what your credit was like? I don't want to get denied a card and then be stick with a inquriry

Does anyone know CitiBank's standards? I don't have any negative items on my CR, but bc of the credit crunch, I still don't want to get denied. What is there min FICO score needed for a card?

Re: Citi Credit Card approval?

keith021 — Mon, 22 Feb 2010 14:01:32 GMT

@Anonymous wrote:
I am looking into applying for a Citi Bank CC. Has anyone been approved lately and can you lmk what your credit was like? I don't want to get denied a card and then be stick with a inquriry

Does anyone know CitiBank's standards? I don't have any negative items on my CR, but bc of the credit crunch, I still don't want to get denied. What is there min FICO score needed for a card?

I'm not sure about their FICO score requirements, but I know that Citi doesn't like a lot of inquires. It's best to apply with them when you have 0 inquires on your report. I believe they use a internal scoring system instead of FICO scores.

Re: Citi Credit Card approval?

Anonymous — Mon, 22 Feb 2010 15:49:25 GMT

About three weeks ago I got aproved for a Citi Aadvantage card with a $12K limit. All of my FICO's are around 700. I did have to send a pay stub, bank statement, and utility bill though. I am rebuilding and have a few negative items on the report but I cary no balances and have been clean for almost 2.5 years now. I do have quite a few inquiries in the past 6 months though (5 or so). My highest limit on any other card was $750 on a Cap 1. Good Luck!

Re: Citi Credit Card approval?

Anonymous — Mon, 22 Feb 2010 17:53:22 GMT

I live in NY. Do you know what credit agency they pull? I would like to check my credit with that agency and see if there are any inquiries.

Re: Citi Credit Card approval?

CHARGE_IT — Mon, 22 Feb 2010 18:16:56 GMT

@Anonymous wrote:
I live in NY. Do you know what credit agency they pull? I would like to check my credit with that agency and see if there are any inquiries.

Too many inquires are too many, no one can say how many a bank will or won't tolerate. I had five or six when approved by Citi for two cards at one application. They were spread over a year or more.

More importantly; banks do not like a lot of inquiries acquired in a short period of time; definitely six months, but maybe one year also. It's not really the number, it's the time period. I have gotten my best accounts with my worst inquiry numbers.

Good luck,

Re: Citi Credit Card approval?

blacklotus — Mon, 22 Feb 2010 23:55:42 GMT

I applied in 06/09 for the CITI Platinum select online- I never received "preselected" or "preapproval" letters from them. I had probably 5-7 inquiries when I did. I got approved shortly thereafter for a 0% intro rate and a $3000 CL. I don't know how many more months I am eligible for the 0% but it is still 0%. BTW I had no other prime cards when I applied- which kind of shocked me when I got it.

As far as the quality of the card I would say it's excellent. Caveat being that never miss a payment otherwise your APR goes up to almost 30%. I also like the rewards system the card has except that you have to shop at certain airlines and merchants to use points.

I must've not checked the website enough because I just found out on this forum what the "luv" button is a few days ago. I went there as instructed and I was automatically approved for CLI of $1400 by just pressing a button. I'm thinking that they probably offered me the button before but I never pressed it so the offer "expired"- lesson learned I will keep an eye on it. Very easy CLI. But my CL is now $4400.

This is why I love this card.

Re: Citi Credit Card approval?

Anonymous — Tue, 23 Feb 2010 06:33:14 GMT

you didn't happen to know your FICO score, did you?

Re: Citi Credit Card approval?

blacklotus — Tue, 23 Feb 2010 23:05:23 GMT

I think they were around 700.

Re: Citi Credit Card approval?

Thunderseven — Tue, 23 Feb 2010 23:38:14 GMT

blacklotus,

Do you recall which CRA they pulled their inquiry from?

Re: Citi Credit Card approval?

blacklotus — Tue, 23 Feb 2010 23:43:38 GMT

I just checked the "inquiry" tab of MyFico (this site) and they pulled Equifax. This is suprising to me because I probably had a sub 700 score or it may have even been possibly 690 at that time. Sorry I don't keep records of my scores that far back.

I noticed that my EQ scores are always a tad lower than TU.

Re: Citi Credit Card approval?

Thunderseven — Tue, 23 Feb 2010 23:52:37 GMT

Thanks!!!

Re: Citi Credit Card approval?

blacklotus — Tue, 23 Feb 2010 23:57:18 GMT

Hey I just went to the Citi website I checked my CL and it is actually $4600. On my last posts I thought it was $1400. I actually just got a $1600 automatic CLI a few days ago- I pressed a button and all of a sudden my CL was showing from $3000 to $4600.

Re: Citi Credit Card approval?

Gh0st — Wed, 24 Feb 2010 00:09:21 GMT

This might not mean much to some here but I guess this is for those with thin files like mine.

684 Equifax

avg account 1 year and oldest at 1.4. Current ult is at 40%. One CC and one store card under my belt.

Applied for citiforward and didn't get instant approval. Called today and found out I got approved with a $4000 limit( i did have to include school info, maybe that influenced decision).My cap 1 card was at $1500 and my store card was at $1900. They were very generous, happy to have my first real card that will actually grow over time(cap 1 is capped at 1500).

Re: Citi Credit Card approval?

blacklotus — Wed, 24 Feb 2010 00:20:14 GMT

The other card I would've apped for is the Citi Forward- it seems like an excellent card. I have the Citi Platinum.

Re: Citi Credit Card approval?

Gh0st — Wed, 24 Feb 2010 00:35:58 GMT

Yea the forward seems pretty great and I'm a college student pretty much so everything I buy goes along those specific categories. I know its not a full 5% due to the recent changes in their rewards but its still one of the highest. I'm a bit worried by some of the things I hear about the ThankYou network so hopefully everything ends up being ok.

Message Edited by Gh0st on 02-23-2010 04:35 PM

Re: Citi Credit Card approval?

Anonymous — Sat, 24 Apr 2010 00:20:06 GMT

I would run for the hills! After 23 years of Credit History with CITI, they are closing our account on May 13th.. We have never been delinquent, never paid late, always paid the balance in full and have credit scores over 700 on all 3 bureaus. The letter we received stated that we didn't meet their criteria for credit worthiness, even though we monitor our credit scores and they haven't changed in the last 6 months. After 23 years.... what a shame.

Per their customer service team: there is nothing they can do. We routinely charge 3k+ each month and pay it off, but that doesn't seem to matter to them. I asked if they weren't making money on us because we pay balance in full, but was told they made money on our usage each time we used the card. They verbally thanked me for our loyalty....Ironic. They said they were closing many accounts due to inactivity, delinquency, or information obtained on a credit report. Again, we monitor our credit and neither of the other reasons apply to us. We simply don't meet their credit standards (!)

Not sure what they feel is adequate credit, but I don't appreciate the anticipated "ding" our credit because of this closure, as what I am learning is that closure of a "seasoned" account will affect the score and utilization % will increase as a result of the burden of our racing expenses will be forced on another account.

I would not recommend Citi because if we don't meet their standards after 23 years, I'm not sure who does.

Good luck

Re: Citi Credit Card approval?

blacklotus — Sun, 25 Apr 2010 02:02:04 GMT

"I would not recommend Citi because if we don't meet their standards after 23 years, I'm not sure who does."

What are yor Fico scores NOW?

Re: Citi Credit Card approval?

smallfry — Sun, 25 Apr 2010 02:29:34 GMT

@Anonymous wrote:
I would run for the hills! After 23 years of Credit History with CITI, they are closing our account on May 13th.. We have never been delinquent, never paid late, always paid the balance in full and have credit scores over 700 on all 3 bureaus. The letter we received stated that we didn't meet their criteria for credit worthiness, even though we monitor our credit scores and they haven't changed in the last 6 months. After 23 years.... what a shame.

Per their customer service team: there is nothing they can do. We routinely charge 3k+ each month and pay it off, but that doesn't seem to matter to them. I asked if they weren't making money on us because we pay balance in full, but was told they made money on our usage each time we used the card. They verbally thanked me for our loyalty....Ironic. They said they were closing many accounts due to inactivity, delinquency, or information obtained on a credit report. Again, we monitor our credit and neither of the other reasons apply to us. We simply don't meet their credit standards (!)

Not sure what they feel is adequate credit, but I don't appreciate the anticipated "ding" our credit because of this closure, as what I am learning is that closure of a "seasoned" account will affect the score and utilization % will increase as a result of the burden of our racing expenses will be forced on another account.

I would not recommend Citi because if we don't meet their standards after 23 years, I'm not sure who does.

Good luck

Just a guess but if you PIF all your cards every month before the statements cut there will never be a ding as far as utilization goes. You say you always paid the card off. Did you revolve balances with Citi? Do you revolve balances on your other cards?

Re: Citi Credit Card approval?

Carlosjb3 — Sun, 25 Apr 2010 06:00:11 GMT

You gots to be kidding me?? Hhhmmm.....I don't understand how citi can pull something like that on you . Loyal customer = Business profit...at least thats what I always thought.

Re: Citi Credit Card approval?

Anonymous — Wed, 05 May 2010 08:16:23 GMT

for a period of approximately 4 years, we did revolove balances, still paying well over the min amount due, as our racing expenses were wholly funded by us with no sponsorship. Still can't justify why they are closing the account, revolving or not, and why if it's not profitable for them, can't they just say so! To blame it on our credit is simply a joke! BTW, I just checked our updated score and one of our credit scores is 846! We almost can't do any better than that!

We have 4 other major credit cards, and I am afraid the trend will turn to them next, leaving us with no options RE credit cards, but only bank debit cards.

As far as other accounts, we treat them all equally. It only made sense to use the cards (and the bank's dime) during the grace period on purchases, keeping our money in the bank until the bills were due. Then we pay them off by their due date. We don't pay interest, so reduced or increased interest rates don't much matter to me.

We use the cards to the tune of about $6000 per month or more, depending on which kid's tuition is due when. (We have 4 in college). Is this the wrong way to use credit in this day and age? I am from the old school: If you can't afford it, don't get/do it. Any feedback is appreciated.