Citi Premier Denial

[Anonymous]

Does anyone have tips with getting Citi cards? I tried to get the Citi Premier last week but was denied even after speaking to EO and getting a second analyst take a look. The reasons were:

too many credit inquiries

too many newly opened credit lines

no installment loan history

Which I kind of get since all of the above statements are true. What's confusing though I have gotten credit cards just fine with Chase, BoA, AMEX, and most recently with US Bank. I plan to get more credit cards for the rewards points, so I don't think those first two statements will ever be false. I have around 2 year AAoA with 7 open accounts, no derogs/negs, 5% utilization, and roughly 30k in credit lines. Does anyone have any comments?

[Anonymous]

Hi there,

I'm trying to get my significant other to get the Citi AA personal or Premier Card because of the rewards and we are going on a trip soon. However, I got denied so I wanted to ask what people think before applying for her and getting a hard pull. Right now her reports:

EX FICO 739, 10 inquiries (Last 6M: 4/Last 12M: 7) 

TU FAKO 749, 2 inquiries

EQ FAKO 745, 4 inquiries

6 Open Accounts, Total CL 33,000, Utilization ~2%

AAoA 1y 0m, oldest account 1y 11m

No negs, no derogs, no liens, etc.

Is it worth a shot? I live in NY so I think Citi pulls EX.

[Anonymous]

Reading this and your other thread regarding your SO going for it, it sounds like they don’t like the excessive apps. If you really want in with them, you’ll prob just have to wait for the apps to fall away.

[Anonymous]

They pulled my experian when I applied for them; The amount of inqs and AAOA makes me think it would be more likely a denial imo. Maybe you could get around it with recon and an explanation of the inqs but I'd let your accounts age to surely get them. 1year is not that long.

[polaris2011]

Citi's pre-qual site is as close to solid pre-approval as I've experienced. Go there first and if you get a single APR and not a range, I'd say you're good.

Good luck!

[CreditCuriosity]

OP I merged your two threads as they were basically one in the same and confusing.  Please try to refrain from double posting again basically the same content asked in a different way to get the answer.  People will get to it when they have a moment.  Thanks you.

--CC

myFICO Moderator

[JR_TX]

Citi is a very Inq and new TL sensitive. They always wanna see no more than 1 HP and 1 new TL in the last 6 months preceding the app and total 2 each in the last 12 months prior. Obviously there are exceptions and it’s always YMMV but the prevailing DPs floating around the past years suggest such a requirement.

[Anonymous]

can you link to the dp that you can't have more than 1hp/1tl in past 6m and 2hp2/tl in past 12? i've never heard that before

[FinStar]

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@Anonymous wrote:

Does anyone have tips with getting Citi cards? I tried to get the Citi Premier last week but was denied even after speaking to EO and getting a second analyst take a look. The reasons were:

too many credit inquiries

too many newly opened credit lines

no installment loan history

Which I kind of get since all of the above statements are true. What's confusing though I have gotten credit cards just fine with Chase, BoA, AMEX, and most recently with US Bank. I plan to get more credit cards for the rewards points, so I don't think those first two statements will ever be false. I have around 2 year AAoA with 7 open accounts, no derogs/negs, 5% utilization, and roughly 30k in credit lines. Does anyone have any comments?

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OP, if the EO route did not yield successful results, then it's time to reconsider your strategy and wait until things age.  Keep in mind that just because Chase, BoA and AmEx may have approved you doesn't translate into Citi doing the same - very different UW standards. 

There are a variety of online sources (Reddit, FT, Doctor of Credit) that provide some anecdotal information on Citi cards, but at the end of the day, it's all based on an individual's profile and a variety of other factors.   Let your new accounts age and refrain from any HPs for a while would be my suggestion.

[FinStar]

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@Anonymous wrote:

Hi there,

I'm trying to get my significant other to get the Citi AA personal or Premier Card because of the rewards and we are going on a trip soon. However, I got denied so I wanted to ask what people think before applying for her and getting a hard pull. Right now her reports:

EX FICO 739, 10 inquiries (Last 6M: 4/Last 12M: 7) 

TU FAKO 749, 2 inquiries

EQ FAKO 745, 4 inquiries

6 Open Accounts, Total CL 33,000, Utilization ~2%

AAoA 1y 0m, oldest account 1y 11m

No negs, no derogs, no liens, etc.

Is it worth a shot? I live in NY so I think Citi pulls EX.

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Personally, I wouldn't risk it unless your SO feels fairly confident that an approval is possible.