Just applied, and just closed.

[AverageJoesCredit]

---

@imaximous wrote:

Here's my story... I opened the Best Buy card last night. They gave me a $1k SL. I called to get a CLI to $20k. Spent half an hour on the phone with 2 people in the credit department answering income and assets questions. Then they referred me to underwriting and told me no increase at all. I told them to cancel the card right away.
I didn't get a HP for the approval yet and I'll probably see a new open and closed account on my credit reports, but it is what it is. My BB cart had like $20k in stuff. I can't do anything with $1k CL. I must say I was looking forward to $2k in rewards from the first purchase (10% back) but it didn't happen.

---

Id say your 50k Citi DC card is affecting your overall Citi exposure. BB limits DO count in overall Citi exposure. Sorry for your low limit but even for members with good credit, normal sl on this card is usually about 2k. 

[imaximous]

---

@donkort wrote:

I could, never, in a million years, get a $20,000 credit limit on that sort of card.  And my credit is really pretty good.

You sort of cut your nose to spite your face in this instance.  Out of irritation.

Credit is a game where you have to have a sort of detachment about things.

---

I'm fine with it. I use my cards as business tools, so I cut them loose if they don't work for me. No attachment.

I'd asked them if they could see my BBY spending for last year and this year, and they said yes. So, they knew that I'd spent a few hundred K with them and that a $1k limit was useless for my purposes. I've been getting 4.5x back using my AR at BBY, but there are going to be changes to that and I wanted to prepare for it. I figured it was about time I'd switch and get 6% in rewards using the BBY card, but the limit wasn't going to work.

Or maybe that was exactly the issue. Perhaps they didn't want to pay me the initial 10% back on the $20k purchase I was about to make. They figured I'd be ok with $1k and only get $100 in rewards, and eventually I'd ask for more. Nah... that sounds like a conspiracy theory 

[HeavenOhio]

---

@Anonymous wrote:

With no AF, I'm curious why you'd take the HP and then just close it instead of throwing it in the drawer...?

---

I think this card may have the same horrible online account management as my LL Bean Mastercard. Pending transactions aren't shown, there's no app and thus no notifications, and rewards aren't accounted for on a per-transaction basis. All of my cards from other banks do these things. These issues have had the card dancing near the chopping block since it moved to Citi a couple of years ago.

Then last summer, I went through a two-month span where I couldn't log into my account at all. I got in after finally being told that the password that had been just fine for 13 months needed to be replaced with a weaker one.

Right now, I'm keeping the card because I'm being bribed to use it. This month will be the third month of a promo that gives me a $25 bonus for $1,000 in spending. Previously, I had three months where I received $20 for $400 in spending.

Three years ago, I closed Care Credit and Wells Fargo Home Projects when they were about seven months old. Both cards had been subject to payment floats (not promptly restoring available credit), and I had found that 0% deferred interest didn't appeal to me. Additionally, dumping the cards gave me the opportinity to dump over $14k in credit limits that I figured I could make better use of on other cards.

[AverageJoesCredit]

---

@elixerin wrote:

meh, can relate. Opened Plat in Jan and almost closed it in Feb xD

p.s. Geek Squad still exists?

---

Good thing you didnt. Amex doesnt like people opening and closing their cards after a month, regardless of reasons

[imaximous]

---

@AverageJoesCredit wrote:

---

@imaximous wrote:

Here's my story... I opened the Best Buy card last night. They gave me a $1k SL. I called to get a CLI to $20k. Spent half an hour on the phone with 2 people in the credit department answering income and assets questions. Then they referred me to underwriting and told me no increase at all. I told them to cancel the card right away.
I didn't get a HP for the approval yet and I'll probably see a new open and closed account on my credit reports, but it is what it is. My BB cart had like $20k in stuff. I can't do anything with $1k CL. I must say I was looking forward to $2k in rewards from the first purchase (10% back) but it didn't happen.

---

Id say your 50k Citi DC card is affecting your overall Citi exposure. BB limits DO count in overall Citi exposure. Sorry for your low limit but even for members with good credit, normal sl on this card is usually about 2k. 

---

Yes. You're right. I was thinking about that. There's that card and a few other Citi cards that most likely already put me in high risk with them. I also forgot I got the AA card a couple of weeks ago.

[Kforce]

---

@wasCB14 wrote:

Citi may have been concerned with your limited history and 5 new accounts in the last ~6 months.

---

You have only about a year of history, 5 cards in last 6-7 months and 2 cards last month.  

If I was "Citi" you would not have even received a new card.

You should have been thrilled, and thrown a party 

I feel you should put your foot on the brakes and sloooow down !

[FinStar]

---

@elixerin wrote:

meh, can relate. Opened Plat in Jan and almost closed it in Feb xD

p.s. Geek Squad still exists?

---

But the OP's situation differs from the AA [restricted internal limit] your account received on your Platinum card not long ago xD. 

The OP appears to have had an 'app remorse' and/or changed their mind on obtaining the CC.   But, we do see threads like this one here and there. 

[imaximous]

I'm still not certain about the "just closed" part from OP's post. I first thought that Citi closed the card and not the other way around.

[GApeachy]

---

@imaximous wrote:

I'm still not certain about the "just closed" part from OP's post. I first thought that Citi closed the card and not the other way around.

---

OP was clapping (emoji)  so I think (think)  it's safe to say OP closed the account.

[donkort]

He had "called to get a CLI increase to 20K."  No typo.

I believe there's at least a 99.44% possibility that the OP closed the card unilaterally.