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I fell off the wagon yesterday & apped for a Citi card. Got the denial just now.
(we need a crying-in-the-beer icon)
Would the backdoor Citi # be the way to go here? I had a car loan they took over a few years ago & was NEVER late! That should count for something!!!
One question....I went to that Alliant CU website...what score is that that they give you?? That's not a FICO is it??
BungalowMo wrote:
One question....I went to that Alliant CU website...what score is that that they give you?? That's not a FICO is it??
DickC wrote:
I have not applied for credit in over 8 years.
Thats a record around here im sure...
BungalowMo wrote:
Thanks HSU! What do you think about that backdoor # for my Citi denial? Of course...they hit my EX report.
BungalowMo,
Which Citi card did you apply for? I've found that each of their more than 30 cards has specific criteria for acceptance (i.e. HiltonHonors requires a minimum of 9 satisfactory tradelines). Certain of their cards (Diamond Preferred, Forward) have less stringent requirements than their so-called "premier" or co-branded cards. I've found that once approved, they will definitely grow with you.
My advice is if you do call try to have an analyst direct you to one of their "easier" qualifying cards.
It was their Platinum Select card. I guess I just was hoping to get a 0 int for a year & put my car pmt on it.
My brother...being nice...put my car on his card & I paid him. Then he got a letter he never read (if you use card again, int goes from 10.9 to 24.9) He bought brake pads & now I'M screwed!!!
He said my interest pmts are only $65.00 per month!!!
You gotta know I'm pi$$ed!!
@Anonymous wrote:itsmeagain,
If you're going to fall off the wagon, Alliant should cushion your fall. Great CU.
Amen to that!
As per my original post, the reason I fell off the wagon was to app for a car loan and CC. I was pre-approved for pretty much anything I want in a vehicle but would only give me a 5K on the CC because of my short history (1yr. 8 mo. avg.).
An interesting part of the conversation however, centered around my score. He told me that Alliant uses the "Providian Model" for scoring. It is based a range from 350 to 950 and even though my EQ FICO score is 743, the Providian score is between 690 and 718 (he wouldn't tell me exactly). He did say though, that it was an excellent score and I should have no problems with a 100% CLI after 6 mo.
So, even though I'm a sinner, I'm satisfied for the next year or so . . . . and that's my story and I'm sticking to it.
@FocusOnFICO wrote:
DickC---that is an outstaninding setup that you and your wife have done. Although I have a lot of time before we hit retirement, our goal is to have a similar setup---thanks for the encouragement!
Thank you for the kind words. I know retirement seems far off for many but at my age (61) it is enjoyable.
OF COURSE, they never quit wanting to get you to "apply" for things. I throw away so many "pre-approved" apps it is funny, from Banks, Stores, Gas cards, etc.
Also, I turn down Credit Limit Increases I am offered because honestly I see no need for them. Our Credit limits are sufficent to meet all our needs so having it raised just for the sake of it, seems unnecessary to me.
Just so they (the Credit Card Issuers) know I am thinking about them, I use each card several times a month, so they can make a few dollars off processing fees. Fortunately, I have not had to carry a balance in several years, so I don't mind throwing some business their way.
If a Major purchase is needed, we wait until someone offers us a "0% Interest option for a time", and then may use it, as why not use their money for free?
As I read the forums, one thing I would like to add, is that I have found it is very important, regardless of the amount of money you have to establish a relationship with an offficer at your bank. Be it just saying hello when you are in there, or if they are ot busy, sitting down and asking them something, (even if you know the answer) as it lets them see and get to know you. Branch managers can have many ways to assist you and it is much easier if they know who you are.
Good luck in your quest for retirement.I hope you reach that goal soon.
Thanks. I would also recommend--from a id theft, etc. angle--please shred your cc offers as opposed to throwing them in the trash. Better safe than sorry.
Smart moves on how you handle your cards!