Credit Card Denied -- Should I be Worried?

For just about anything you want to get off your chest about credit cards.
16 posts
User avatar
otter
Centurion Member
Centurion Member
 
Posts: 639
Joined: Sat Aug 24, 2013 8:45 pm
Location: Grand Forks, ND

Postby otter » Fri Aug 22, 2014 7:07 pm

I got the dividend card thinking that eventually Citi has to have a 5% which is appealing, but it's starting to get ridiculous. Freedom and It occasionally have 5% cats which are of no use to me, but Citi seems like they go out of their way to make their 5% categories suck. I'd like to be in that smoky room they decide the 5% categories in @ Citi:

1st Citi Exec: How about fish markets?
2nd Citi Exec: (growling) No! There are lots of people out there who like seafood! Someone is bound to hit the $1500 limit!
3rd Citi Exec: How about milk delivery service?
1st Citi Exec: No, we could get burned by companies like convenience stores whose merchant code is "milk vendor".
4th Citi Exec: Spatula vendor?
Other Citi Execs in unison: Spatula vendor?
4th Citi Exec: Yeah, you know... places which sell spatulas and nothing else- like "Spatula City" from that Weird Al movie.

The Citi Execs think for a moment before all lighting a victory cigar. They all nod their head in agreement and with that The Citi Dividend 5% for the third quarter becomes spatulas...
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450


popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Fri Aug 22, 2014 7:11 pm

otter wrote:I got the dividend card thinking that eventually Citi has to have a 5% which is appealing, but it's starting to get ridiculous. Freedom and It occasionally have 5% cats which are of no use to me, but Citi seems like they go out of their way to make their 5% categories suck. I'd like to be in that smoky room they decide the 5% categories in @ Citi:

1st Citi Exec: How about fish markets?
2nd Citi Exec: (growling) No! There are lots of people out there who like seafood! Someone is bound to hit the $1500 limit!
3rd Citi Exec: How about milk delivery service?
1st Citi Exec: No, we could get burned by companies like convenience stores whose merchant code is "milk vendor".
4th Citi Exec: Spatula vendor?
Other Citi Execs in unison: Spatula vendor?
4th Citi Exec: Yeah, you know... places which sell spatulas and nothing else- like "Spatula City" from that Weird Al movie.

The Citi Execs think for a moment before all lighting a victory cigar. They all nod their head in agreement and with that The Citi Dividend 5% for the third quarter becomes spatulas...


Oh man. I was hoping to PC to that card. Yet again anything else with them would be better than the card I have with them now which has probably my highest APR out of all my bank cards though that has been going down because of that feature they included where if you pay on time and stay under your limit, they decrease the APR by .25%. If even that card has crappy rewards, what else could I possibly PC this Forward card to in October?
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

User avatar
otter
Centurion Member
Centurion Member
 
Posts: 639
Joined: Sat Aug 24, 2013 8:45 pm
Location: Grand Forks, ND

Postby otter » Fri Aug 22, 2014 7:29 pm

popamode72 wrote:Oh man. I was hoping to PC to that card. Yet again anything else with them would be better than the card I have with them now which has probably my highest APR out of all my bank cards though that has been going down because of that feature they included where if you pay on time and stay under your limit, they decrease the APR by .25%. If even that card has crappy rewards, what else could I possibly PC this Forward card to in October?


Looking at the Citi page... I can't find a single card which looks appealing to me. If I was still in my 20's, the Citi Thank You Premier would have been a great card for me... 3X at restaurants, bars, sporting events, concerts, other entertainment, 2X travel. I would have easily doubled the $125 annual fee.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Fri Aug 22, 2014 7:42 pm

otter wrote:Looking at the Citi page... I can't find a single card which looks appealing to me. If I was still in my 20's, the Citi Thank You Premier would have been a great card for me... 3X at restaurants, bars, sporting events, concerts, other entertainment, 2X travel. I would have easily doubled the $125 annual fee.


If they waived that annual fee for the first year, that card would be such a great deal. Even the Preferred version of the card has 2X on restaurants and entertainment so I guess that would be kinda better than what I have now. I'll have to look into that more and decide.

Apparently they say that the 2X points on the Premier right now is for hotels and airlines on the page for the card.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3745
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Fri Aug 22, 2014 7:50 pm

Dividend does have kind of a funny mix for this quarter. Gas is noticeably absent and I don't think they've had it earlier this year.

Happy to stick with Freedom and It.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

marlonbishop
Platinum Member
Platinum Member
 
Posts: 85
Joined: Sat Aug 09, 2014 11:09 am
Location: Florida

Postby marlonbishop » Fri Aug 22, 2014 9:53 pm

csmukulgarg wrote:Hello Guys,

I am bit scared of the unknown consequences for Credit card denial.

I carry two CC's Amex and US bank; yesterday i applied for Paypal Credit card and they denied it.

So I am worrying will this affect me for the long term like credit history if yes then how? And how can I improve it?


don't let it rip you! its just a hard inq.
BoA Cash Rewards $4000
Macy's $1000
Discover it $5000
Chase Sapphire Preferred $5000
Chase Freedom $2000
Amex Green NPSL
Amex Gold Premier Rewards NPSL

Find me on MyFico: Sapingo (if you see me say hello)!



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests