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Citi Costco Card

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Citi Costco Card

So i just applied for a Costco card and got a “your application needs further processing” message, that says i should receive a response within 7 days. I’ve never gotten a message like this after an application, it’s always been just an approval or denial.

Not sure which bureau they pulled yet, but my scores range between 630-645. I do have quite a few inquiries, between 15-20. I guess you can say I’ve had somewhat of an app spree in the past couple months.

Should i call or just wait it out?
Message 1 of 13
12 REPLIES 12
Moderator

Re: Citi Costco Card

Can call as it doesn't hurt to see if they need anything or can just wait it out.. Scores are pretty low for citi, but citi isn't shy on instant denials eithers which yours wasn't.

Message 2 of 13
New Contributor

Re: Citi Costco Card

When I appiled online through their portal link, I was instantly approved at $6,500 CLI. At the time I had a FICO score of 739. Perhaps they had to review your credit report? Calling wouldn't hurt.

 

Message 3 of 13
Established Contributor

Re: Citi Costco Card

A few more data points would help our crystal credit balls see clearly - thus we see only in part & the eye of prophecy is darkened.

Any derogatory or negative accounts? Utilization? Aaoa & income-to-total credit ratio?

I got my citi Costco in Aug with fico8 in ~660 range, 3 recently paid closed medical collections and 1 30day late from early 2011-ish. Was instant for $5k. I can't recall if you must be a member to apply or if there is an option to join during app - I take it you're an existing Costco member? Could be a verification issue, I mean at least there's some hope instead of instant no. Call & check status.
Fico8 (Jan '19) - EQ 699 TU 798 EX 798

Message 4 of 13
Regular Contributor

Re: Citi Costco Card

I included Citi gas card in BK7 in 2001.  Costco cc app was declined due to BK.  Called for recon.  CSR advised Citi keeps the internal records of BK an applicant will be denied until their credit profile reaches a set standard.  They pulled EQ, which is the slowest to update my credit reports.

Message 5 of 13
Valued Contributor

Re: Citi Costco Card


@kcribb1 wrote:

I included Citi gas card in BK7 in 2001.  Costco cc app was declined due to BK.  Called for recon.  CSR advised Citi keeps the internal records of BK an applicant will be denied until their credit profile reaches a set standard.  They pulled EQ, which is the slowest to update my credit reports.


They're denying you for a card included in a 16-year-old BK that dropped off your report long ago?

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO:TU 680 FICO 8 (3/2/19) or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 674 FICO 9 (NFCU 3/3/19), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 6 of 13
Regular Contributor

Re: Citi Costco Card

yes

Message 7 of 13
Regular Contributor

Re: Citi Costco Card


@joe8185 wrote:

@kcribb1 wrote:

I included Citi gas card in BK7 in 2001.  Costco cc app was declined due to BK.  Called for recon.  CSR advised Citi keeps the internal records of BK an applicant will be denied until their credit profile reaches a set standard.  They pulled EQ, which is the slowest to update my credit reports.


They're denying you for a card included in a 16-year-old BK that dropped off your report long ago?


yes

Message 8 of 13
Valued Contributor

Re: Citi Costco Card


@kcribb1 wrote:

@joe8185 wrote:

@kcribb1 wrote:

I included Citi gas card in BK7 in 2001.  Costco cc app was declined due to BK.  Called for recon.  CSR advised Citi keeps the internal records of BK an applicant will be denied until their credit profile reaches a set standard.  They pulled EQ, which is the slowest to update my credit reports.


They're denying you for a card included in a 16-year-old BK that dropped off your report long ago?


yes


There must be something else going on, because generally you shouldn't be penalized on an app after a negative item drops off your report. If Citi is making a habit of doing that, though, then it's for darn sure I won't be applying for any of their cards even once my own BK goes off my reports.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO:TU 680 FICO 8 (3/2/19) or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 674 FICO 9 (NFCU 3/3/19), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 9 of 13
Regular Contributor

Re: Citi Costco Card


@joe8185 wrote:

@kcribb1 wrote:

@joe8185 wrote:

@kcribb1 wrote:

I included Citi gas card in BK7 in 2001.  Costco cc app was declined due to BK.  Called for recon.  CSR advised Citi keeps the internal records of BK an applicant will be denied until their credit profile reaches a set standard.  They pulled EQ, which is the slowest to update my credit reports.


They're denying you for a card included in a 16-year-old BK that dropped off your report long ago?


yes


There must be something else going on, because generally you shouldn't be penalized on an app after a negative item drops off your report. If Citi is making a habit of doing that, though, then it's for darn sure I won't be applying for any of their cards even once my own BK goes off my reports.


The CSR advised my EQ needs to be in the 700's, which EQ is showing 706 as of today.  I will try again once my utilization (39%) has been updated on three accounts.

Message 10 of 13
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