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Citi DC Application Approval Thoughts?

TheCreditBrothers
Established Member

Citi DC Application Approval Thoughts?

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. 

Message 1 of 10
9 REPLIES 9
Gmood1
Super Contributor

Re: Citi DC Application Approval and/or Freezing EX?

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

Message 2 of 10
TheCreditBrothers
Established Member

Re: Citi DC Application Approval and/or Freezing EX?

Got it - Just revised the post

Message 3 of 10
AllZero
Mega Contributor

Re: Citi DC Application Approval and/or Freezing EX?

Have you considered other 2% cards that does single pull? The Best 2% Card Showdown
Message 4 of 10
SweetCreditObsession
Valued Contributor

Re: Citi DC Application Approval Thoughts?

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

(+61) | (+97) | (+130) | TU Fico 9: 704 | Exp Fico 9: 737

Goal: Min. 740 w/all CRAs - Met
Next Goal: Amex BCE
Subsequent Goal(s): Min. 780 w/all CRAs
Gardening Until: ??/??/202?| Last App: 7/21/2021
Message 5 of 10
quantum001
Regular Contributor

Re: Citi DC Application Approval Thoughts?

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.

Message 6 of 10
TheCreditBrothers
Established Member

Re: Citi DC Application Approval Thoughts?

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My brother got denied with a similar profile, which is why I originally made the post

Message 7 of 10
TheCreditBrothers
Established Member

Re: Citi DC Application Approval and/or Freezing EX?

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?

Message 8 of 10
Overmedicated
Valued Contributor

Re: Citi DC Application Approval and/or Freezing EX?


@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.

FICO 8
Message 9 of 10
kdm31091
Super Contributor

Re: Citi DC Application Approval Thoughts?


@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.

Message 10 of 10
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