Declined for CITI Diamond Preferred Card

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3 posts
beckhsrules
Gold Member
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Posts: 49
Joined: Tue May 13, 2014 10:20 pm
Location: NewJersey

Declined for CITI Diamond Preferred Card

Postby beckhsrules » Sun May 25, 2014 11:10 am

Hi Everyone,


Here's my info: On the Credit Karma site, my credit is listed as 708. I'm an alien employee here who is on a work VISA since Jan 2014 and makes around $60,000 a year. I have two credit cards currently, a Bank Americard(secured card), and a Discover IT. My credit limit is currently a total of $1850. Since the cerdit limit is way low I find it difficult to keep the utlization % less without making multiple payments in a month. So I applied for a CITI after good reviews from my friends but got declined stating that the duration of my credit history is low and under expectation. Does anyone know how much should be the minimum duration for getting a CITI card? Also please let me know if I know need to apply any other card?.
Cards:

Amex Blue Sky 2000 (5/14)
Amex PRG NPSL (8/14)
Bank of America Cash Rewards Visa 2500 (1/14)
BofA Better Balance Rewards 1000 (6/14)
Discover IT 1250 (4/14)


Scores: As of May 25 2014

Experian 714
Equifax 709
TransUnion 714
Discover 694(Aug 31)


MemberSince99
Centurion Member
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sun May 25, 2014 11:30 pm

You would know best (at least I would hope) whether you "need" (it's really a want no one needs a credit card) another card. I can't tell you that.


What I can tell you is that the Diamond Preferred is a balance transfer card. You could use it for what you are intending, but there are better options. (Like something with rewards). Citi is very fussy and picky and very difficult to recon with if you are denied. Given that the card is not a rewards card and you didn't mention a balance to transfer I would not worry about that one. If you've only been here since January and you already have those cards, you are doing a hell of a lot better than most Americans do when starting out with cards - I started with a Crap One with a pathetic limit of 500 dollars. Talk about having to pay it constantly. If your history is only 4 months, then you are doing good and would be lucky to get more right now. I don't know how much history you have but most prime lenders like to see at least 6 months reporting.


So I'm not sure of your situation but if that's the case, just keep paying multiple times. It won't kill you I do it all the time. You might argue it's a PITA but so is a lot of life, welcome to the world. After you get a solid 6 months reporting you can go for another card or two and see what happens if you like.

beckhsrules
Gold Member
Gold Member
 
Posts: 49
Joined: Tue May 13, 2014 10:20 pm
Location: NewJersey

Postby beckhsrules » Mon May 26, 2014 10:17 am

Thanks for the info . This is what I too thought. Will be calm for another four to five months and keep paying multiple times in a month since my credit history is long enough and then may be I will request a CLI which should do good for my cause.
Cards:



Amex Blue Sky 2000 (5/14)

Amex PRG NPSL (8/14)

Bank of America Cash Rewards Visa 2500 (1/14)

BofA Better Balance Rewards 1000 (6/14)

Discover IT 1250 (4/14)





Scores: As of May 25 2014



Experian 714

Equifax 709

TransUnion 714

Discover 694(Aug 31)



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