@nycsimone wrote:
Why would me closing a Citi credit card and then applying for a different card warrant them denying me? It was the Thank You Preferred Credit Card. I don't have any credit cards opened in the past 2 years. I don't have any store cards either. This is what I have currently: Capital One = Opened in 2012 with a $16,500 credit limit Amex Platinum = Opened in 2013 (charge card) Chase Marriott (the black one) = Opened March of 2014 with a $7,000 credit limit Discover Card = Opened in 2012 with a $2,500 credit limit There's 3 other credit accounts open: 1) Mortgage from 2014 2) Car lease from 2014 3) Student loan from 2008 $1,500 total revolving payments for those 3 accounts.
It might be that their computer thinks you obtained the first card just for the signup bonus, and then didn't keep the card long enough for it to be a profitable business arrangement for Citi. And you closed a couple other cards as well. So now you might appear to be applying for another Citi card just for the sign up bonus, and perhaps you would close the new card after spending the bonus as well.
It doesn't really matter if this is your intent or not. If, statistically, people who did whatever pattern you did with your credit cards have a higher chance of not being profitable, then the computer might deny you a card.
I simply won't apply for it. I felt like it would be an HP without an approval because of my low spend on the two other cards.
@nycsimone wrote:I kept getting in the mail offers from Citi for the AA Advantage card with 60,000 bonus miles. So I decided i'd get it. I go online, I apply and guess what...DENIED! Here's a little info about me: Credit score = 760-790 depending on credit bureau Income = $75,000 Monthly payments = $1,500 (including mortgage) Highest CC limit = $16,500 (total of about $30,000) with 1% utilization total Inquiries within the past 12 months = 4 (1 new CC, 1 student loan refi, 2 for a personal loan I got to remodel my bathroom) Negative info on credit report = None, nothing, zilch. Not a single 30 day late. Average length of open account = 3 years So of course I call the Citi recon number and they tell me they can't do anything until I get the letter from them. Huh? Why? That's idiotic...whatever. I get the letter and it says I was denied because of too many inquiries. Yes, 4 within the past 1 year (3 are within the past 90 days). I call them back and they tell me that they have to do another credit pull to make sure everything is right on my credit report...huh??? Everything is right on my credit report. She says she sees that my credit score is really high and the only problem is the 3 credit inquiries in the past 90 days. Seriously??? You deny someone because of that? None of those inquiries were with Citi btw. I try to see if there's someone there with a brain that can look over my app and make a manual decision...nope. No can do. Is it just me or is this ridiculous???????????? It's the Citi Advantage Platinum Master Card we're talking about here...not even a high end credit card. I'm done with those bozos at Citi.
Over dramatic much? You are not entitled to a card just because you have a X score..... I had a 740 score and got the card with over 20 inqs on my EQ which is what they ( Citi) pulls whenever I app for a card with them. Also got the premier a few months later. I also have the Hilton, DC and TY preferred card as well. Just got my Costco card as well just recently.
@Anonymous wrote:The only bank I will ever Recon is Chase, and in my past Amex. If the other banks don't give me what I want it's best to just throw them the peace sign and walk away. Especially with someone in your case, I would think long and hard before attempting another recon... if they aren't willing to budge on this what will be different down the road, say when something goes wrong with your account.
The only Bank I had success with Recon is Bank of America. Got declined for to many inq's and got approved for $2,000 limit. Now the card has a $17,900 limit.