I was looking around the board and didn't see a lot of discussion on this topic so I'll throw it out there.
I had a 2nd mortgage foreclosed with Citi in 2014. I've got some Citi cards in my 2023 plans, but I'm not sure if I'll be successful since we don't have a sterling relationship history. I get direct mailing offers and there are plenty of pre-qual offers on the site, but that's marketing and doesn't bake internal business rules (i.e. Blacklists) into that equation.
Anyone have DPs on success with Citi cards after blowing up a mortgage?
@MasonK wrote:I was looking around the board and didn't see a lot of discussion on this topic so I'll throw it out there.
I had a 2nd mortgage foreclosed with Citi in 2014. I've got some Citi cards in my 2023 plans, but I'm not sure if I'll be successful since we don't have a sterling relationship history. I get direct mailing offers and there are plenty of pre-qual offers on the site, but that's marketing and doesn't bake internal business rules (i.e. Blacklists) into that equation.
Anyone have DPs on success with Citi cards after blowing up a mortgage?
My impression is that Citi is one of the more vindictive lenders, so if I were you I would look elsewhere. But of course the only way to find out for sure is to pull the lever.
@FinStar wrote:
@MasonK wrote:I was looking around the board and didn't see a lot of discussion on this topic so I'll throw it out there.
I had a 2nd mortgage foreclosed with Citi in 2014. I've got some Citi cards in my 2023 plans, but I'm not sure if I'll be successful since we don't have a sterling relationship history. I get direct mailing offers and there are plenty of pre-qual offers on the site, but that's marketing and doesn't bake internal business rules (i.e. Blacklists) into that equation.
Anyone have DPs on success with Citi cards after blowing up a mortgage?
Contrary to what was stated on a post further upthread, a bank is not emotionally-driven, so decisions will not be handed out because they feel like being "vindictive ".
With that said, the mortgage division is not directly linked or connected to the consumer lending division. Chances are that if you did burn both sides of the bank then the outcome may not play out favorably of course. But, since it has been roughly ~9 years, you should be ok.
Just keep in mind that the Citi website only offers pre-selected results, they're not pre-qualified or pre-approved offers, but it's not a bad indicator of the potential odds. If your plan is to acquire one of their cards, and as long as your credit profile is in good shape, you can definitely try things out in 2023.
OK I'll redefine "vindictive". Of course I do not think Citibank is "emotionally driven".
I use the term "vindictive" as short hand for "using algorithms and applying policies which make it more likely than the average lender to red flag and deny a credit application for a negative event that occurred in the long distant past".
If you can think of a better single word to capture that concept, I'm all ears.
@SouthJamaica wrote:
If you can think of a better single word to capture that concept, I'm all ears.
I think "vindictive" encapsulates it nicely. I don't think it's bad business to hold negative relationships against a customer, but there's a lot of DPs here over the last decade that show lifetime -or near lifetime- bans. Some might say that business decision is a little... vindictive.
@MasonK wrote:
@SouthJamaica wrote:
If you can think of a better single word to capture that concept, I'm all ears.
I think "vindictive" encapsulates it nicely. I don't think it's bad business to hold negative relationships against a customer, but there's a lot of DPs here over the last decade that show lifetime -or near lifetime- bans. Some might say that business decision is a little... vindictive.
Thank you @MasonK 
@PapaTunde wrote:Citi hates me
There, I said it
But its true
Good luck OP
Same here (add discover to this list as well), they wont approve me for anything. Previous relationship back in the early 2000's was amicable and I never burned them for a dime.
@MasonK wrote:I was looking around the board and didn't see a lot of discussion on this topic so I'll throw it out there.
I had a 2nd mortgage foreclosed with Citi in 2014. I've got some Citi cards in my 2023 plans, but I'm not sure if I'll be successful since we don't have a sterling relationship history. I get direct mailing offers and there are plenty of pre-qual offers on the site, but that's marketing and doesn't bake internal business rules (i.e. Blacklists) into that equation.
Anyone have DPs on success with Citi cards after blowing up a mortgage?
I can't speak to the mortgage side having an effect. But on the credit card side...over 10-12 years or so and they won't forgive or forget my bad account. I was able to get a checking account with them a few years ago and I thought that might help get back in, but I was wrong. They still hold it against me as if they were a credit union.
I know that it is an old account balance that is holding me up from getting a new account because I have called and they have told me so. I am doing much better now so I don't need them, but it sure hurts the ego and pains me that I can't move on with them in my pocket.
I would not trust the pre-qual site either (been there done that). The only way I would take a pre-qual/pre-approval is if it came with a fixed interest rate stated, those often are solid.
