CITI wastes no time

[LunaBuna]

So as i said in a different post, I applied for a Citi Costco Card on Sunday June 17, got the 7-10 day letter, received notice of approval the nest AM.  Now just four days later i receive notifcation that the new card is reprting on all CB's.  I have not even received the card yet, and it is reporting.

Compare this to Amex approvals on June 3 and June 4, which have not yet shown up.   

[Anonymous]

Yeah, that two month period between getting approved, posting on credit reports is kind of nice.

[CreditCuriosity]

yes citi reports quickly within a few days usually like Barclays/Sync

[K-in-Boston]

I've had that experience with Citi of it reporting to the credit bureaus before even receiving the card, too.  I do like the Amex model better, especially if there's a big spend required to meet a signup bonus since you can get a "freebie" month of high utilization without it affecting your score.  Meanwhile, my ThankYou Premier just posted with like 76% utilization today.

[kshurika]

Yes, but the other side of the argument is that the Amex two-month lag reporting a sizable CLI delays getting your credit utilization reduced.

[HeavenOhio]

AMEX CLIs come through the next time the card is reported. The wait is for the card to report for the first time.

The wait can work both ways. If your file is thick and your utilization is in check, you delay a point loss. If this is one's second or third card or if utilization is high, you may be impatiently waiting for a point gain.

[AverageJoesCredit]

Lol I haven't even received my DP yet and it reported to my Ex yesterday. So far no point loss but the next 2 reporting should do the trick

[jawbrkr]

I know Amex will eventually report so I dont mind if they take a couple of months. Means you have more room to play with if you want more cards as thew new account isnt showing yet. Unfortunately it doesnt help when you want that high CL to report so other issuers can see it.

[Anonymous]

i got my BoA Premium rwards card on the 14th and put a grand on it really fast assuming I could pay it off with my next paycheck just to see that grand get posted to statement on the 18th.. thanks for $1k going against my utilization BoA!!!