topic Re: Citi Credit card denial in Credit Cards

Citi Credit card denial

swpopham — Sun, 03 Jun 2012 21:13:54 GMT

Anyone ever have any luck doing a recon on a forward card? I did 3 apps last night, first time for credit cards in 18 months, chase freedom, called while it said pending and lady was super nice and said approved for15k making it my highest card. Navy Federal CU says pending, will hear tomorrow morning, and citi, said pending for about 4 hours then automated said declined.

Re: Citi Credit card denial

LS2982 — Sun, 03 Jun 2012 21:16:20 GMT

@swpopham wrote:
Anyone ever have any luck doing a recon on a forward card? I did 3 apps last night, first time for credit cards in 18 months, chase freedom, called while it said pending and lady was super nice and said approved for15k making it my highest card. Navy Federal CU says pending, will hear tomorrow morning, and citi, said pending for about 4 hours then automated said declined.

Are your scores accurate in your siggy?

Re: Citi Credit card denial

swpopham — Sun, 03 Jun 2012 21:20:47 GMT

I assume, the lady I spoke to from chase said she saw a 655 and thats what she based my apr off of. Just digging threw my credit reports now and there are:

TU: 3 medical collections, snap-on, cornwell

EX- 0 collections

EF- 3 medical collections

Luckly NFCU reports to all 3 so good accounts are there.

Re: Citi Credit card denial

LS2982 — Sun, 03 Jun 2012 21:22:51 GMT

@swpopham wrote:
I assume, the lady I spoke to from chase said she saw a 655 and thats what she based my apr off of. Just digging threw my credit reports now and there are:
TU: 3 medical collections, snap-on, cornwell
EX- 0 collections
EF- 3 medical collections

Luckly NFCU reports to all 3 so good accounts are there.

You got an AMEX with a 15K limit?

Re: Citi Credit card denial

Anonymous — Sun, 03 Jun 2012 21:25:49 GMT

@LS2982 wrote:
@swpopham wrote:
I assume, the lady I spoke to from chase said she saw a 655 and thats what she based my apr off of. Just digging threw my credit reports now and there are:
TU: 3 medical collections, snap-on, cornwell
EX- 0 collections
EF- 3 medical collections

Luckly NFCU reports to all 3 so good accounts are there.
You got an AMEX with a 15K limit?

No, OP said a Chase Freedom. Wow, banks are a mystery--a 15k limit with 655 score? That's huge. Now, I really want my CLI from Chase!

Re: Citi Credit card denial

swpopham — Sun, 03 Jun 2012 21:31:10 GMT

I list what I have showing on my credit as of today.

NFCU- 12k Joint account with my wife she is 830+ 10/10 1100 balance

Hooters-2500 1/11 myself 0 balance

GM- 5500 joint account since 2004 0 balance

AMEX- zync, wife is primary me AU, NPSL 1/12

and last night added chase

Re: Citi Credit card denial

r34dy2fly — Sun, 03 Jun 2012 21:34:16 GMT

Something seems amiss? I've heard Chase not really factoring in your history with them for higher limits compared to AMEX so this is a bit shocking to me as well. More power to you. When I applied for my Chase Sapphire, even with a 770 score with NO negative records on my account since... ever, they gave me a $5000 limit to start.

Re: Citi Credit card denial

swpopham — Sun, 03 Jun 2012 21:41:46 GMT

we do have our mortgage with them, and both mine and my wifes retirement accounts with them, The lady said thank you for your military service and this is the least we can do for you.

Re: Citi Credit card denial

Anonymous — Sun, 03 Jun 2012 21:51:55 GMT

@Anonymous wrote:
@LS2982 wrote:
@swpopham wrote:
I assume, the lady I spoke to from chase said she saw a 655 and thats what she based my apr off of. Just digging threw my credit reports now and there are:
TU: 3 medical collections, snap-on, cornwell
EX- 0 collections
EF- 3 medical collections

Luckly NFCU reports to all 3 so good accounts are there.
You got an AMEX with a 15K limit?
No, OP said a Chase Freedom. Wow, banks are a mystery--a 15k limit with 655 score? That's huge. Now, I really want my CLI from Chase!

Credit lines have less to do with your scores. When I was paying less attention to my credit, I had a mysterious judgement appear on my credit report that I didn't know about (and resolved later). The way I found out was I happened to app for a new card. It didn't stop me from getting 25k credit line. It did cause me to get crappy interest rate which is what let me know something was up with my credit file which I had assumed was spotless. My score at the time was probably like 660-680 (i forget exactly). Initial credit lines have more to do with what credit lines you have already and income than with your credit score. You can have a 800 FICO, but if you only have 1k credit lines, don't be surprised when you get another 1kish line.

Re: Citi Credit card denial

r34dy2fly — Sun, 03 Jun 2012 22:05:07 GMT

Well that answers it then.

Re: Citi Credit card denial

Anonymous — Sun, 03 Jun 2012 22:07:26 GMT

Yeah, they probably saw the NFCU 12k line and decided to give a CL higher. Different card issuers have different attitudes. I find Chase likes to beat whatever your highest credit line that is active looks like.

Re: Citi Credit card denial

LS2982 — Sun, 03 Jun 2012 22:35:24 GMT

So cli's with current creditors will be the only way to get over the 1K hump?

Re: Citi Credit card denial

Anonymous — Sun, 03 Jun 2012 23:09:17 GMT

CLI are definitely one way. As you progress, getting your credit lines up is one of the trickest things. If you are actively trying to do it, it will go much faster. Finding the right card issuer who is active with CLIs via soft pulls or auto CLIs helps. AMEX is an example of a good card issuer when it comes to fast CLIs, but it requries you to be actively trying to get your line up. Wells Fargo, I find, i good with auto CLIs if you actively use their cards. Finding a card issuer who is aggressive with initial CLs is another way. Best example of this is NFCU. Chase is good with trying to match or beat your highest CL, but their ongoing CLI policy seems stunted. As such, I don't consider Chase that useful for growing CLs and recommend it once you have some big CLs. So you can wait for your existing cards to auto CLI or actively take them up via SP/HP. I find credit unions helpful as their app process is typically more manual and assuming you have the income, you can ask for a lot higher CL than you have.

Re: Citi Credit card denial

swpopham — Mon, 04 Jun 2012 13:27:09 GMT

So.... anyone ever use or have a good backdoor number?? Any recon luck with citi?

Re: Citi Credit card denial

emptypockets — Mon, 04 Jun 2012 13:30:57 GMT

You should call their application status line first (1-888-201-4523), and there should be an option to speak with a rep. They may just need to verify some info (they did for me prior to approval). Good Luck!

Re: Citi Credit card denial

swpopham — Mon, 04 Jun 2012 13:55:26 GMT

Nope.. still said no, oh well 1 out of 3 this time around. Don't really need it just hate getting told Nope you suck. ;-)

Re: Citi Credit card denial

learnin113 — Mon, 04 Jun 2012 15:36:45 GMT

15K Chase Freedom with 655 score? Yeah right...

Re: Citi Credit card denial

2NE1 — Mon, 04 Jun 2012 18:20:42 GMT

OP, did Citi give you the reasons behind the denial? was it cause of the medical collections? which CB did they pull?

Re: Citi Credit card denial

Revelate — Mon, 04 Jun 2012 19:12:16 GMT

@learnin113 wrote:
15K Chase Freedom with 655 score? Yeah right...

For all we know the OP has a pristine 20 years into a mortgage on a million dollar note with Chase.

Things we do know:

Former military

Retirement checks = nice steady income backed by the Federal goverment.

Mortgage with Chase = lots of useful data in terms of credit worthiness.

3 medical collections depressing the score, and I honestly don't know how underwriting looks at these compared to other collections.

You can build an monthly household expense profile pretty easily from a credit report especially when the applicant has a bunch of joint cards. I'd be willing to bet that Chase did, and realized they're living within their budget... and if they've demonstrated capability to manage it, why not issue a 15K credit line? Seems like a good bet to me, and it probably did to Chase as well.

Scores are only one piece of the equation, and when it comes to credit limits, arguably the least important thing. 655 is enough to obtain a Freedom, beyond that all bets are off for what the CL established is, and Crashem did point out Chase's typical behavior which seems to be supported by the anecdotal evidence on this forum.

Re: Citi Credit card denial

Skins2311 — Mon, 04 Jun 2012 19:13:05 GMT

Is there another # that people with new applications can call in? I applied Friday and each time I call a rep tells me my application is still pending final review. I even asked for a supervisor and they said the exact same thing.