topic Re: Citi DC and us bank? in Credit Cards

Citi DC and us bank?

Anonymous — Mon, 29 Sep 2014 01:16:13 GMT

I want to get a Citi dc and us bank cash +. I have 18 inquiries on TU and EX and 3 inquiries on EQ. I have 1% util , 1 year AAoA, and no baddies whatsoever. What are my chances?

Re: Citi DC and us bank?

Santi78342 — Mon, 29 Sep 2014 01:24:13 GMT

For better advice we will need to know Income, what cards and limits you have already, current FICO scores if you know them, any new accounts or INQs?

Re: Citi DC and us bank?

Involver — Mon, 29 Sep 2014 01:24:41 GMT

US Bank will be very tough with that many inqs. What kind of other revolving lines do you have?

Re: Citi DC and us bank?

Anonymous — Mon, 29 Sep 2014 01:38:44 GMT

I have Amex bce at 3k, sallie Mae at 3 k, capital 1 QS at 3 k and discover it at 3k. Income is 30k. One recent inquiry a few weeks ago. I have 721 TU FICO.

Re: Citi DC and us bank?

Santi78342 — Mon, 29 Sep 2014 01:44:45 GMT

I would say you have poor chances on approval for Cash+ but would probably get the Double Cash. Just my .02

Re: Citi DC and us bank?

longtime_lurker — Mon, 29 Sep 2014 02:14:38 GMT

Citi is INQ senstive...I'd say no-go on either. 18 is a lot, and unless Citi pulled EQ, it'd be an instant denial...I'm obviously not an UW for Citi, but I've seen "declined for excessive inquires" many times re: Citi

Good luck if you do try, though! Stranger things have happened.

Re: Citi DC and us bank?

Anonymous — Mon, 29 Sep 2014 02:55:26 GMT

I'd probably hold out on applying for now. How long do you think I should wait?

Re: Citi DC and us bank?

Santi78342 — Mon, 29 Sep 2014 03:08:36 GMT

You should wait until most of those INQs fall off. And for the Cash+ I suggest waiting until you have another CL at $5k+ That shouldn't be a problem though as you probably have a 3x CLI with AMEX coming sometime in the near future.

Re: Citi DC and us bank?

apacislvallejo — Mon, 29 Sep 2014 03:26:06 GMT

I was approved for a $6K limit on 23 inquiries on Experian ... the credit score that was used, in their disclosure letter, was 760 ... and this was from the online site. Same thing with Citi Simplicity three weeks before, 22 Inquiries on Experian ... and same score. Good luck ... DC card just arrived last week 9/20.

Re: Citi DC and us bank?

Dw4250 — Mon, 29 Sep 2014 03:54:10 GMT

OK so normally I'd give the same advice as others. 18 inquiries is a lot but...in your case I really don't see much difference between 18 INQ and 20 INQ, so maybe go for it. The one big caveat I would put on that advice is only attempt this IF you do not plan to apply for anything major the next 12-18 months (i.e. new home; home refi; new car; open a new business; etc.).

I'd say Citi will be easier than Cash+ (720 is the bare minimum score for this card). But like I said if you're not applying for anything the next 1-2 years, why not give it a shot! Worst case scenario, you take two more INQ but you have so many already I don't think it matters score wise or credit wise.

Re: Citi DC and us bank?

takeshi74 — Mon, 29 Sep 2014 13:04:53 GMT

@apacislvallejo wrote:
I was approved for a $6K limit on 23 inquiries on Experian ...

It's not just a matter of score or number of inquiries but of overall credit profile. Two people with very different credit profiles can have the same number of inquiries and entirely different results with a given creditor/product.

I can't speak to Citi but I'd guess the cash+ would be unlikey for the OP.

@Anonymous wrote:
I'd probably hold out on applying for now. How long do you think I should wait?

It's not a matter of X time but of letting your inquiries age, building your limits, building your AAoA, etc. You need to look at the dates on your inquiries to determine how long you need to let them age.

Re: Citi DC and us bank?

Anonymous — Mon, 29 Sep 2014 16:16:39 GMT

Do you guys think I'll have close to 100% of getting these two cards in two years because all inquiries should be off and have AAoA for three years too?

Re: Citi DC and us bank?

Anonymous — Mon, 29 Sep 2014 16:24:35 GMT

@Anonymous wrote:
Do you guys think I'll have close to 100% of getting these two cards in two years because all inquiries should be off and have AAoA for three years too?

2 years is quite a long time, as the cards may disappear, nerf, or change underwriting standards. Doesn't Cash + claim to have a minimum income level of $30K, which you are just at. That could increase as well.

I wouldn't focus on any particular cards, just wait for the inqs to drop, and your score to increase from that and age, and then see what cards are around that make sense for you at the time.