topic Re: Pre-approved Home Depot CC from Citi in Credit Cards

Pre-approved Home Depot CC from Citi

Elated — Sun, 02 Oct 2011 15:00:10 GMT

Hi, can anyone tell me what CR Citi pulls? I just received an offer in the mail saying that I was pre-approved and that I needed to respond by Oct. 20, 2011. What is the likelihood I will get this card if I apply? I already have a Lowe's CC that I have had since 2005.

My current FICO scores are: 631 EQ (092411)

649 TU (092411)

My scores will go up tremendously in the next couple of weeks as I have just paid off a multitude of my cards. I am now at 27% UTL, down from 66%

I would appreciate any guidance....thanks!

Re: Pre-approved Home Depot CC from Citi

Booner72 — Sun, 02 Oct 2011 15:45:51 GMT

Dh's scores are just a few points over yours and he was denied by HD but approved by Lowe's for 1K. FYI.

Re: Pre-approved Home Depot CC from Citi

Elated — Sun, 02 Oct 2011 15:56:33 GMT

Thank you very much for the response Booner, your help is greatly appreciated!

Re: Pre-approved Home Depot CC from Citi

Anonymous — Sun, 02 Oct 2011 15:58:30 GMT

Citi pulled EQ for me in NC.

Re: Pre-approved Home Depot CC from Citi

Elated — Sun, 02 Oct 2011 16:01:40 GMT

Thank you Mustang, that helps me out tremendously!

Re: Pre-approved Home Depot CC from Citi

Anonymous — Sun, 02 Oct 2011 16:07:44 GMT

@Elated wrote:
Hi, can anyone tell me what CR Citi pulls? I just received an offer in the mail saying that I was pre-approved and that I needed to respond by Oct. 20, 2011. What is the likelihood I will get this card if I apply? I already have a Lowe's CC that I have had since 2005.

My current FICO scores are: 631 EQ (092411)
649 TU (092411)

My scores will go up tremendously in the next couple of weeks as I have just paid off a multitude of my cards. I am now at 27% UTL, down from 66%

I would appreciate any guidance....thanks!

You will likely keep getting offers with more deadlines. Any chance you can get the util down to 9% soon?

Re: Pre-approved Home Depot CC from Citi

thom02099 — Sun, 02 Oct 2011 16:09:24 GMT

Citi pulled EQ for me in Colorado for Home Depot card, but pulled EX for Citi Diamond Preferred card.

Re: Pre-approved Home Depot CC from Citi

Elated — Sun, 02 Oct 2011 16:25:31 GMT

Absolutely! I will definitely have under a 9% UTL before the end of the month I hope (depending on the date certain items are reported to the CRAs). Hopefully then, I will have a 2% to 5% UTL.

This will also cause my credit score to go up also.

Re: Pre-approved Home Depot CC from Citi

Anonymous — Sun, 02 Oct 2011 16:33:19 GMT

@Elated wrote:
Thank you Mustang, that helps me out tremendously!

You're welcome my Friend, and as the other poster said if you could get your util <9%, that would be ideal before apping.

UTIL is 30% of your score, so you are right, getting down to 1-9% UTIL will help raise your scores.

Keep us informed.

Re: Pre-approved Home Depot CC from Citi

Elated — Sun, 02 Oct 2011 17:05:20 GMT

I most certainly will Mustang...again, thank you!

Re: Pre-approved Home Depot CC from Citi

tray — Sun, 02 Oct 2011 19:20:55 GMT

I recieved one of the pre-approved mail offers as well, went to home depot, applying process is very easy and was approved EQ was pulled and I am in MA. Once your utilization is down and you really want this card, I would go for it. Good Luck

Re: Pre-approved Home Depot CC from Citi

Elated — Mon, 03 Oct 2011 11:44:38 GMT

Hi Again Booner, I just found out yesterday that my credit scores have increased already...they are now: EQ 680 and TU 691

Re: Pre-approved Home Depot CC from Citi

Anonymous — Mon, 03 Oct 2011 12:31:19 GMT

Keep in mind that pre-qualified, pre-approved, pre-selected, etc. have no real meaning. It does not guarentee that you will get the card.

CCCs send requests to the bureaus for contact information of individuals that meet certain qualifying standards to send out mailers to. You may or may not be approved, but the offers in the mail mean nothing more.

With your new scores you should be ok to apply.

Re: Pre-approved Home Depot CC from Citi

Elated — Mon, 03 Oct 2011 12:44:01 GMT

Thanks CD! I have to wait a couple of months to apply, I was just merely inquiring to see the likelihood of me being approved. I know that all of the pre-selected, pre-approved offers, etc. are nothing more than a bait and switch to get you to apply.

I am closing on my new home at the beginning of January, so I cannot do anything credit wise until then.

I really appreciate all of your help...again, thank you!