I only closed it because I would never use it again and I would rather have a larger limit on my CSP. So I closed it and moved $3000 of its $3500 limit over to my $6000 CSP.
It will still stay on my credit reports and help my AAoA for 10 years before falling off.
@Anonymous wrote:I have a Citi checking account that I hardly ever use.. but it's been open for a few years.. but I always worry about applying with cards with a 'new' company..
Again, my bad experience with being denied by Capital One 2x for the same product was very disturbing.. as far as I know they had no reason to deny me.. and some Capital One cards are supposed to be easy to get.. I applied for the Quicksilver and was denied.. and Capital One was the first and only company to ever deny me credit..
So I don't know whether a company like Citi will deny me or not.
I've always had good experiences with 100% of the time being approved for Chase, Bank of America, and AmEx.
Citi seems to be INQ and new account sensitive IMO so if you haven't been running wild (which it appears you haven't) you should be fine. But it's up to you!
@Anonymous wrote:Could you please help break that down for me? What does IMQ mean? And by new account sensitive.. do you mean they are more understanding about people with new accounts than Capital One? I've skimmed these forums for years.. but not familiar with all the acronyms used on here. Thanks!!
Sorry, INQ isn't an acronym, it's just short for inquiry.
And by new account sensitive, I mean they don't like to see a lot of them. Same for inquiries. Capital One is probably the LEAST new account sensitive of all the lenders out there.
