topic Re: Denied CITI-premier pass online called for reason!!! in Credit Cards

Denied CITI-premier pass online called for reason!!!

Hollywood80 — Sat, 05 Apr 2008 22:09:18 GMT

Applied for a Citi premier pass card online and got the dreaded review message. Immediately called the approval number (888) 201-4523 and was told that my application was declined. Ask to speak with a representative and you could totally tell she was reading straight from a script. The reason i was declined was because of a recent collection or delinquency in the past two years that was equal to or greater than $250. If i thought that was wrong, I could fax or mail new experian report for reconsideration. I tried to tell her that if she could see my report that i havent been late in 3 years. There is 2 collections on my report from 6.5 years ago and 5 years ago. She couldnt do anything from here standpoint i guess. I honestly thought i was declined for high util on my 3 cards. 2 cap ones and 1 first premier. I need a higher limit card and frikin cap one wont give me CLI...even though Ive had one card for almost 3 years with not one late. I would combine them but scared of what it will do to my scores. Guess i can try to keep fighting Citi..any suggestions.

Message Edited by Hollywood80 on 04-05-2008 03:09 PM

Re: Denied CITI-premier pass online called for reason!!!

Anonymous — Sat, 05 Apr 2008 21:09:50 GMT

Citi is known to pull both EQ and TU heavily. I applied for the PP and they pulled EQ. I'm in Virginia.

Re: Denied CITI-premier pass online called for reason!!!

haulingthescoreup — Sat, 05 Apr 2008 21:50:44 GMT

Sometimes they don't tell you the real reason for the decline. In this day and age, and especially with a pretty conservative CCC like Citi, I would get my overall util AND individual card util down before going for a good card.

If someone with high util apps nowadays, the CCC's are apt to think that you're in trouble and are frantically trying to scramble up some extra money, and that makes them feel that you're too high risk to give credit to.

Re: Denied CITI-premier pass online called for reason!!!

Hollywood80 — Sat, 05 Apr 2008 22:25:35 GMT

Since my Cap one and First Premier limits are so low, im just gonna pay them off and see where my scores go from there and if that helps. Im just worried about them telling me it was a delinquency problem. I just really need a higher CL. $500 and $350 arent cutting it. I have a 92k salary and I cant pay for dinner with a CC because i worry about my util. hahaha... Sorry, I have a terrible sense of humor. Who gave me credit.com has people stating my credit score and getting some good lines of credit. Apparently, im not good enough yet hhahaa...

Re: Denied CITI-premier pass online called for reason!!!

haulingthescoreup — Sat, 05 Apr 2008 22:36:40 GMT

If you have high utilization on your cards, you'll be amazed how quickly your scores will jump from paying them down. Be sure to pay before the statement posts (this is not the same as the due date.) Your amount due on the statements of 2 of your cards should show $0, and on the third, the statement balance should show under 10% of that card's balance. Once all three statements are at the new figure, pull your scores again and see where you really are.

In the meantime, when the letter comes explaining the decline, you might be able to find out what their real problem was.

Re: Denied CITI-premier pass online called for reason!!!

Anonymous — Sat, 05 Apr 2008 22:40:44 GMT

Unfortunately, you should try another company with your scores. Citi does not 1. Like collections at all regardless of them being 6.5 and 5 years and 2. They do not like low scores.

I have heard of someone getting a Citi card with one collection, but who knows how that happened.

Maybe you should wait until those scores are above 650 and/or wait until the 6.5 CA falls off. As hauling said they are definitely conservative.

As far as, worrying about your utils and paying for dinner, pay the card off before the statement date.

Re: Denied CITI-premier pass online called for reason!!!

Anonymous — Sat, 05 Apr 2008 22:42:47 GMT

Hi Hauling. I see you did some app'ing huh? Congrats on your cards!!

Re: Denied CITI-premier pass online called for reason!!!

haulingthescoreup — Sat, 05 Apr 2008 22:47:15 GMT

@Anonymous wrote:
Hi Hauling. I see you did some app'ing huh? Congrats on your cards!!

Yep, the moment was finally right! I re-aged the heck out of my history, and I'm paying for it, but in a year I'll be in much better shape than before. It was fun while it lasted!

Re: Denied CITI-premier pass online called for reason!!!

Red1Blue — Sun, 06 Apr 2008 00:38:10 GMT

You can send a copy of your credit report and ask them to reconsider your app again. I have done that for a biz card appy they declined. I have mailed CR and asked them to reconsider.

Re: Denied CITI-premier pass online called for reason!!!

Hollywood80 — Sun, 06 Apr 2008 02:47:52 GMT

I appreciate the feedback. Im going to do they recon letter and fax it to them with report. They pulled experian. Im also gonna bring done my utilization and see where my scores go. The simulator for my fico said i should be nicely above 650 but i know i cant really trust that to much.