Citi Simplicity chances

[OCONUS]

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

[NoMoreE46]

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@OCONUS wrote:

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

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I would not apply unless I was at least 0/6. 

[GZG]

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@OCONUS wrote:

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

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I would open the citi checking account with the current $300 bonus

it just needs two transfers from another bank totalling $1500 or more, doesn't need to be income from your job.

to improve my odds of approval, I would also try to apply after you get some money into that new checking account as well.

I would also check the citi pre-qualify tool: https://online.citi.com/US/ag/cards/pre-screen 

[reluctantgarden]

All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the  late marks.

[OCONUS]

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@GZG wrote:

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@OCONUS wrote:

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

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I would open the citi checking account with the current $300 bonus

it just needs two transfers from another bank totalling $1500 or more, doesn't need to be income from your job.

to improve my odds of approval, I would also try to apply after you get some money into that new checking account as well.

I would also check the citi pre-qualify tool: https://online.citi.com/US/ag/cards/pre-screen 

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I was avoiding opening an account. But given the $300 bonus, I might go that route. Thank you.

[OCONUS]

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@reluctantgarden wrote:

All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the  late marks.

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I have other cards planned out and I would like to go for them after Citi. Late marker may be a concern if they pull EQ in NY. TL has been removed from EX under the NYS law.

I think it is safe to wait until I am 0/6. Thank you.

[nytokyobred79]

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@OCONUS wrote:

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@reluctantgarden wrote:

All the previous comments are good advice to which I would add three more points: 1) I was not 0/6 when getting Simplicity, which (with Diamond) are the easiest Citi cards to get, but...2) I had a long banking history, DD, etc. 3) I would be more concerned they might not like the  late marks.

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I have other cards planned out and I would like to go for them after Citi. Late marker may be a concern if they pull EQ in NY. TL has been removed from EX under the NYS law.

I think it is safe to wait until I am 0/6. Thank you.

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Fingers crossed that they only pull EX. Although I've been denied a few times, they've only pulled EX for me each instance. I'm in NY as well. 

[NoMoreE46]

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@nytokyobred79 wrote: Fingers crossed that they only pull EX. Although I've been denied a few times, they've only pulled EX for me each instance. I'm in NY as well. 

Citi had pulled Experian for me too (AA Platinum Select from last August - Florida.)

[LADave]

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@NoMoreE46 wrote:

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@OCONUS wrote:

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

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I would not apply unless I was at least 0/6. 

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Out of curiosity @NoMoreE46 does that have more to do with getting approved with a higher SL or with simply getting approved? (I had thought you meant 0/6 new credit card accounts - or did you mean inquiries?)

[NoMoreE46]

@LADave 

Best to be 0/6 for Inquiries.    Applicants being  0/6 is not unreasonable for a conservative bank.  (MOST Americans have less than four cards but we MFers are like three standard deviations from the Mean.)

Citi typically won't be giving  > $10,000 SLs.   CLI Requests are SP and if you apply too early, you will  be provided your next eligible date...

Citi now provides eligible date for CLI - myFICO® Forums - 6774677

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@LADave wrote:

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@NoMoreE46 wrote:

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@OCONUS wrote:

Aiming for Citi Simplicity or Diamond (first citi ever). What are my chances?

current stats are

FICO8 EQ 715, TU 720, EX 729.

Inq          1                  8               6

Most recent account was opened In March 2024.

Utilization is 21% overall.

EQ and TU has a late marker on a closed account from 2019

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I would not apply unless I was at least 0/6. 

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Out of curiosity @NoMoreE46 does that have more to do with getting approved with a higher SL or with simply getting approved? (I had thought you meant 0/6 new credit card accounts - or did you mean inquiries?)

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