Citi DC Application Approval Thoughts?

[TheCreditBrothers]

Whats up guys? - Looking to apply for the citi dc, but not thrilled about them pulling both my equifax and experian...Heres some details:

Some data:
EQ 732, INQ 2

TU 732, INQ 2

EX 739, INQ 9

Credit Utilization 19% of $123,000

10 open accounts

AAoA 6 years 2 months

AoYRA 3 months

Zero lates, zero missed payments.

According to DoC(Doctor of Credit), Citi will pull EX: 4 EQ: 3 for Massachusetts. 

[Gmood1]

Just a heads up. It's against myfico rules to discuss freezing reports in order for lenders to pull a different one.

[TheCreditBrothers]

Got it - Just revised the post

[AllZero]

Have you considered other 2% cards that does single pull? The Best 2% Card Showdown

[SweetCreditObsession]

I think you will be good. Best wishes and let us know how it turns out.

[quantum001]

How many inquiries and new accounts in the last 6 and 12 months?  Probably not a worry but be aware that they'll decline if you have 6 inquiries in the last six months.

The debt load may be a problem, depending on income. It looks like $23,000 in revolving debt. DTI may be the deciding factor for them.

[TheCreditBrothers]

3 HPs on Experian in last 6 months, good on EQ/TU as I only have 2 on there

Income around 120k so should be all set on my DTI

My brother got denied with a similar profile, which is why I originally made the post

[TheCreditBrothers]

I'm a NFCU member as of about 3 weeks ago, but was told if I apply in branch they will give out higher CL. Thougt was to apply for the cash rewards, wait 3 months and apply for the signature 2% and hopefully get a 20K+ CL with that.

PenFed was another option, but have no DPs on possible CL they give out or how to become a member etc... - Thoughts?

[Overmedicated]

---

@TheCreditBrothers wrote:

I'm a NFCU member as of about 3 weeks ago, but was told if I apply in branch they will give out higher CL. Thougt was to apply for the cash rewards, wait 3 months and apply for the signature 2% and hopefully get a 20K+ CL with that.

PenFed was another option, but have no DPs on possible CL they give out or how to become a member etc... - Thoughts?

---

If you are a new Penfed member, I believe they cap your max credit limit at 10K.  Anyone can join.

[kdm31091]

---

@quantum001 wrote:

How many inquiries and new accounts in the last 6 and 12 months?  Probably not a worry but be aware that they'll decline if you have 6 inquiries in the last six months.

The debt load may be a problem, depending on income. It looks like $23,000 in revolving debt. DTI may be the deciding factor for them.

---

Citi's 6 in 6 is more of a soft rule and not a hard coded policy. Some people still get approved with more than 6 in 6. Of course, it does not hurt to wait until you drop below the threshold just in case.