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iPhone Upgrade Program financed by Citizens Bank

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Anonymous
Not applicable

Re: iPhone Upgrade Program financed by Citizens Bank

Was it a hard pull?

Message 31 of 51
EW800
Valued Contributor

Re: iPhone Upgrade Program financed by Citizens Bank


@Anonymous wrote:

Was it a hard pull?


There are many forum reports on Macrumors that indicate that it IS a hard pull.  Looks like most are reporting they pull Equifax, however I saw a couple that said Experian.  Not sure if the couple that said Experian were accurate or mistaken.  

 

There are a LOT of messages over there posted by people saying they were denied credit through Citizen's Bank, but claim to have very strong credit (who knows if they do or not...).  Would anyone know if Citizens Bank has tighter approval criteria than most other banks?

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 32 of 51
NYFan63
Established Contributor

Re: iPhone Upgrade Program financed by Citizens Bank


@Anonymous wrote:

Was it a hard pull?


I just got an alert there was a EQ HP for Citizens Bank for the Iphone upgrade program

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 33 of 51
ddemari
Super Contributor

Re: iPhone Upgrade Program financed by Citizens Bank

After the girl hit submit for me for it said not eligible, I assumed declined. I asked her before I was declines if a lot of people where getting declined, she said omg yes.
I just an Eq alert pull done. I also got an email from citizens, saying truth and lending telling me the terms of the thing I applied for if I am approved. Waste of time and hard pull yesterday for me.
Message 34 of 51
EW800
Valued Contributor

Re: iPhone Upgrade Program financed by Citizens Bank

I went into a CA Apple Store about a half hour before they closed last night.  Things were winding down with not too many customers still around, so I was able to have some dialog with two employees.  They said it had been quite a day!  I mentioned to them that I had read on numerous forums that there had been a lot of denials through the Citizens Bank Upgrade Program.  They looked at each other, and one said there had been a LOT of denials.  The other employee then said that she thinks she might have had more denials than approvals.  

 

It sure seems that there must have been some issues.  I'd sure like to know what some of the reasons are that are stated in the denial letters that will be going out.  

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 35 of 51
Kenny
Moderator Emeritus

Re: iPhone Upgrade Program financed by Citizens Bank

Eh, even though the S releases are billed as the off releases, they really are always the best releases.. so I always like to have them as my phones. I'm trying to find a way to trade one of my phones on my lines now for it.

 

With regard to the Citizen's loan upgrade program, when you upgrade at the year interval supposedly not being liable for the 2nd year of payments (do you turn in that phone?) If so, then of course you wouldn't be, but if not and you keep the phone.. what a discount! Can someone clarify that?

Message 36 of 51
EW800
Valued Contributor

Re: iPhone Upgrade Program financed by Citizens Bank

It is my understanding that you have to turn in the phone if you upgrade at the one year., so basically it is a lease. If you keep the phone and make the payments for the 24 months, or pay that amount off early, then you own it.
Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 37 of 51
ddemari
Super Contributor

Re: iPhone Upgrade Program financed by Citizens Bank

Here is a screen shoot of the email I received from Citizen's regarding my in store application. I receieved two of these emails because, when the girl hit submit it said customer not eligable. She said, maybe u entered something in wrong when typing? because people who were getting declined received some other message, a flat out denial I guess. 

 

She then asked her supervisor to come over, who suggested I resubmit. I said, well then thats possibly two hard pulls? he says, no they do a soft pull. then he came back 2 minutes later after we were done submitting and said something I didnt understand along the lines of, they only soft pull you if you do something in regards to a 12 month plan but if you do the 24 month trade in program, then its a hard pull. Im like uh huh, no clue what he means. i have only seen one hard pull result in the waste of time i spent there. 

 

Screen Shot 2015-09-26 at 8.40.20 PM.png

Screen Shot 2015-09-26 at 8.40.36 PM.png

Message 38 of 51
Anonymous
Not applicable

Re: iPhone Upgrade Program financed by Citizens Bank

Just to correct some people on this forum:

 

The upgrade program is just the price of the phone (mine was $749) plus Applecare+ ($129) plus tax. 

There is no interest as some people stated there would be.

So to summarize, if you do not plan on getting Applecare+, do not apply for the Apple Upgrade Program, just buy the phone outright or upgrade through something like AT&T Next as it would be cheaper in the long term and they even give you an option already to upgrade every year.

 

Message 39 of 51
Anonymous
Not applicable

Re: iPhone Upgrade Program financed by Citizens Bank

Thanks for the info guys....looks like I'll reserve and just use AT&T next....they didn't do any type of credit check last year when I got the 6+.  Closing on a house in November and can't take the hard pull right now. :-/

Message 40 of 51
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