Finally showing Citi pre-qualified offers...

[Anonymous]

Had my BBY Visa closed almost a year ago, due to high utilization/over limit, back before I discovered the forums here and learned how to properly manage my credit.  Never had any late payments with them.  Anyway, haven't showed any PQ's from them on this journey so far, so pretty happy to finally see one.  PQ is for the Costco Visa, APR of 16.49%, but I think that's the same for everyone.  This is definitely a card I want, but I think I'll wait for a little while, since I've added quite a few cards since June as well as a few just recently.  Anyone know what kind of SL's they usually hand out on this card?  Scores are right at the door to 700(EQ 698, TU 698 & EX 695), but should be slightly over 700 by the time I apply.  Will have 10-15 inquiries by then, but only a handful that will be less than a year.  Have lates on student loans, but in the process of hopefully having those removed.(EQ already deleted them, but waiting on the others)  A couple 30 day lates on a closed car loan as well, that are a couple years old.  Otherwise clean.  UTI is usually around 10-15% on $40k total credit line, with $100k income.  

[DeeBee78]

For what it's worth, the first two times I applied for the Costco Visa, I also had a preapproval for the card showing from Citi. Got denied both times. First time was for excessive credit obligations for stated income, and a negative item on my credit report. Still have no idea what they deemed excessive credit obligations, because all I had reporting were two car loans and a $300-something balance on one card. Second time I applied, I was told I had too many recent inquiries.

The third time I applied was last week, I had no preapproval, and I was finally approved with a 727 EX score and 90K income. I got a $5,500 starting limit, which is on the lower end for this card, but it will grow with SP CLI's. Credit Pulls Database shows the lowest approval amount at $3,000, but it could be lower. 

[Anonymous]

Thanks.  As I mentioned, I'll be waiting anyway, since they'd probably call me out on new accounts.  Just happy that something is showing up now.  Have been checking every few weeks since last May and have always had the "You're not pre-qualified for anything at this time, but(if you have HP's to burn) check out these cards below that you may be interested in"!  I'll take is as an acknowledgement from Citi that they like what they're seeing lately.  On th eother hand, if what' I'm hearing about Costco gas quality is true, I may have to rethink this card anyway.  That was my primary objective for the card.  I do shop there for other things, but probably only spend $100 or so a month.  The $24/year that would generate just isn't worth it, by itself.  I'm sure another Citi card might be worth it though.  I'll have to research some of them.  

[DeeBee78]

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wrote:

Thanks.  As I mentioned, I'll be waiting anyway, since they'd probably call me out on new accounts.  Just happy that something is showing up now.  Have been checking every few weeks since last May and have always had the "You're not pre-qualified for anything at this time, but(if you have HP's to burn) check out these cards below that you may be interested in"!  I'll take is as an acknowledgement from Citi that they like what they're seeing lately.  On th eother hand, if what' I'm hearing about Costco gas quality is true, I may have to rethink this card anyway.  That was my primary objective for the card.  I do shop there for other things, but probably only spend $100 or so a month.  The $24/year that would generate just isn't worth it, by itself.  I'm sure another Citi card might be worth it though.  I'll have to research some of them.  

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FYI, you don't have to fill up at Costco. You can use any gas station that codes as gas for the 4% cashback. I think even some 7-Elevens code as gas inside the store, for 4% cashback on purchases in there. 

[Anonymous]

Yeah, I'll have to figure it out.  Might go with the NRA card to just get the 5%.  I also work in the firearms industry, so that has some secondary appeal as well.  

[morgacj2004]

We got a SL of 9.5 k. On our Costco Card.

[Anonymous]

That's one thing I like about this card are the typically decent SL's.  Did you already have other CL's in that ballpark, or above?  Meaning, if I don't, is Citi willing to be the first?  My top is NFCU @$8700.  Funny thing is, I have an Amex BBP @$15k, but that won't show up on my CR.  That said, my Amex Delta and/or NFCU could be over $10k by the time I would apply.   

[DeeBee78]

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@Anonymouswrote:

@Anonymous's one thing I like about this card are the typically decent SL's.  Did you already have other CL's in that ballpark, or above?  Meaning, if I don't, is Citi willing to be the first?  My top is NFCU @$8700.  Funny thing is, I have an Amex BBP @$15k, but that won't show up on my CR.  That said, my Amex Delta and/or NFCU could be over $10k by the time I would apply.   

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Yep, I have several other 5K+ cards. You can see their limit history by hovering your mouse over the credit card pics in my signature.