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Sears Citibank Cards Inquiry Sensitive

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Regular Contributor

Sears Citibank Cards Inquiry Sensitive

Recently applied in store for card and was rerouted to Barclays for $1000 mastercard

approval.  Well the denial letter from Citibank came today and it said primary reason

of denial is inquries for credit. Called Credit Department who had no clue how many

inquiries you were allowed to be reporting on credit report nor for how long.  In the past

I was denied for bk reporting but this is news to me.  Was anybody else aware of this?

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Valued Contributor

Re: Sears Citibank Cards Inquiry Sensitive

No one knows it could be a 2 to 1 ratio with average age of accounts or can be a specific number. some people squeak through and get citi cards with really ugly apps sprees and some people get shot down with 5. Also remember if anything like American Express sometimes they spit out generic reasons to tell you gtfo.
Open one, close three. Open one, close three.
Message 2 of 10
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Moderator

Re: Sears Citibank Cards Inquiry Sensitive

There may be no precise cut-off, but I do recall seeing in past threads that some folks reported being told five was the cut-off (at least for them) when they spoke to an analyst.  It very likely can vary from profile to profile, though. 

 

I would expect them to overlook inquiries on someone with a thick file and strong score, and possibly be a bit more 'picky' on someone who was either building or rebuilding.

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Moderator

Re: Sears Citibank Cards Inquiry Sensitive

People have got into sears Citi MC with > 50 Inquiies.  Alot more goes into approval than inquires.  They got to list a reason and just pick one from the hat usually as do other creditors when you see the list of three reasons typically usually one makes somewhat sense and other two are out of the blue

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Valued Contributor

Re: Sears Citibank Cards Inquiry Sensitive

I thought Citi was famous for only looking at INQs in the last 6 months.  Do you have more than 5 INQs in the last 6 months?

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Moderator

Re: Sears Citibank Cards Inquiry Sensitive


@CreditDunce wrote:

I thought Citi was famous for only looking at INQs in the last 6 months.  Do you have more than 5 INQs in the last 6 months?


Depends on the whole profile.. For example if it is Prestige with the $450 AF, it is amazing what they will look past lol

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Super Contributor

Re: Sears Citibank Cards Inquiry Sensitive

Citi Sears is interesting, people have gotten in with a lot of inquires but I I was declined with a TU OF 738 and 11
Inquires and was told 3-6 in the past 6 months is too many to approve me
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Regular Contributor

Re: Sears Citibank Cards Inquiry Sensitive

But of course I do if you are a member of the Navy Fed family.

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Established Contributor

Re: Sears Citibank Cards Inquiry Sensitive

I thought citi overall was inquiry sensitive?
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Community Leader
Super Contributor

Re: Sears Citibank Cards Inquiry Sensitive


@CreditCuriousity wrote:

People have got into sears Citi MC with > 50 Inquiies.  Alot more goes into approval than inquires.  They got to list a reason and just pick one from the hat usually as do other creditors when you see the list of three reasons typically usually one makes somewhat sense and other two are out of the blue


I will agree with this, LOL.

 

OP....Citi can be INQ sensitive, or they cant be...Depends on how theyre feeing that day, well  how the computers feeling, lol.  In all honestly, its just not that cut and dry.  So much more goes into their internal computer scoring algorithm.  I was approved for Sears MC, and Brooks Brothers MC back in January of this year with over 70 INQ, lol  (dont ask).......Im also 2.5 yrs post BK7, scores were 685ish on EX I believe?? But my reporting revolving debt is 1% on one card every month. I have huge credit reports with long history as well. Sorry for denial, but why they approve some and not others I dont know. They like my reports for some reason...


My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
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