myFICO® Forums
Help
cancel
Turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 

Citibank Invitation for a Personal Loan

Anonymous
Not applicable
‎10-17-2018 03:32 PM
‎10-17-2018 03:32 PM

Citibank Invitation for a Personal Loan

I bank with Citibank and I just received an e-mail that I'm invited to apply for a Citibank Personal Loan; I even have a code to use.  Is this much like a pre-approval?  I recently did their credit card preapproval and got no hits.  

 

My cards are all pretty much to the max with the exception of my new West Elm; 2500 CLI, current balance is 750.  I know they're pretty strict there so I don;t know if this is worth exploring to pay down my cards.  Thoughts?

0 Kudos
2 REPLIES 2
tcbofade
Super Contributor
‎10-17-2018 04:33 PM
‎10-17-2018 04:33 PM

Re: Citibank Invitation for a Personal Loan

YMMV of course, but Citi sends out "invitations to apply" that are NOT pre approvals.

 

IMO, you'll need to bring your scores up a bit more before they'll approve you.  (If memory serves, you need at least a 660)

Fico 8 01/01/26: EX 788, EQ 802, TU 785.
Fico 9: EX 812 04/15/25, EQ 804 04/08/25, TU 792 02/15/25.

Zero percent financing is where the devil lives...
Anonymous
Not applicable
‎10-18-2018 02:52 PM
‎10-18-2018 02:52 PM

Re: Citibank Invitation for a Personal Loan

It is a marketing offer and not a solid pre-approval. Citi is can be very strict and if most of your cards are maxed out, it is a YMMV.  But certainly up to you of course.