Citi DC chances

[Caught750]

I was interested in the DC as a daily driver for a cash back card. What are everyone's thoughts on my chances? Stats below. Lol/12, 4/6. Bankcard 8 scores are between 690 and 710 EQ score is highest with fewest inquiries. I do have an old CO with Citi retail 6 years ago which was paid. All baddies about 6byears old. I'm not getting anything on the prequal page.

[Anonymous]

I personally would not feel very confident in that app.  I'd definitely suggest heading over to the credit pulls database though and checking out those that were approved/denied for the card with around your scores and with some of the same profile data points you have.

[Gmood1]

How many new accounts/ inqs the last six months?
Or let me rephrase, how many new accounts have reported in the last six months?
Your scores are fine for an approval.
They'll most likely double pull EX and EQ the first time around.

Be aware, they aren't known to be generous on SLs.
It was two years after my first card before I saw preapprovals from Citi.
The fact there's no preapprovals.. doesn't mean much.
They do eventually forgive stiffing them. I stiffed them back in 2009.

[Caught750]

4 new accts/inqs showing with 2 SP accounts hitting any day.

[Gmood1]

It could go either way. Depends on computers mood. lol
A instant approval is your friend, if you can pull it off.
A foot in the door is better than nothing at all.
After those two new accounts report. I wouldn't think about it for at least six months.
It all depends on how you value inqs?
If it doesn't bother you to burn one, give it a whirl. If you're going to cry in the shower afterwards...wait six more months before knocking on their door.😉

[Anonymous]

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@Caught750 wrote:
I was interested in the DC as a daily driver for a cash back card. What are everyone's thoughts on my chances? Stats below. Lol/12, 4/6. Bankcard 8 scores are between 690 and 710 EQ score is highest with fewest inquiries. I do have an old CO with Citi retail 6 years ago which was paid. All baddies about 6byears old. I'm not getting anything on the prequal page.

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I think you've got a shot but I agree with the advice that if you are gonna be devastated about an inq. with no rewards then just wait 6 months.

But if the inq. isn't the end of the world then give it a shot. That 2% on everything is rock solid.

[Caught750]

While devastated and crying in the shower are definitely a stretch 🤣 I'd rather not wasted a HP. That's especially true when waiting 3 months gives me 6 months with no new accounts and the potential to put a serious dent in my want list

[Anonymous]

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@Caught750 wrote:
I was interested in the DC as a daily driver for a cash back card. What are everyone's thoughts on my chances? Stats below. Lol/12, 4/6. Bankcard 8 scores are between 690 and 710 EQ score is highest with fewest inquiries. I do have an old CO with Citi retail 6 years ago which was paid. All baddies about 6byears old. I'm not getting anything on the prequal page.

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BLUF (Bottom Line Up Front):  I think your FICO Scores are very borderline for Citi DC.  They also seem to be new account sensitive, and to an ever so slight lesser degree inquiry sensitive.  I think you need to let your smoking guns cool for 6-12 months so your new accounts can mature a little and some inquiries can stop throbbing.  I've got a Citi DC and do use it as a daily for the 2% cash back and have zero complaints about anything so far.  Good luck on your journey/endeavors, and please keep us all posted!

[Anonymous]

I don't agree with a foot in the door being better than nothing at all.  Just sneaking in with an approval to me isn't the way to go.  Getting a $500 or $1000 SL now rather than waiting 6 months and strengthening your profile to get a $3000 SL (for example) doesn't make much sense. 

It really depends on where you see your file now verses say 6 months.  If you've got the type of file that isn't going to change [strengthen] much, perhaps it doesn't matter.  I see all the time though people applying for cards now with a dirty file for example when their file is going to be clean in 3 months.  It just doesn't make a lot of sense sometimes.  It's important to look at the longer timeline, not just the immediate.

[Caught750]

As far dirty vs. clean that won't change much. However, age will change, current SLs will, scores will, inquiries won't be scorable. I'll give it until the 6 months of no new reported accounts and re evaluate