- Centurion Member
- Posts: 1099
- Joined: Sun May 04, 2014 4:41 pm
- Location: Atlanta, GA
CarefulBuilder14 wrote:Sallie Mae and Double Cash are great cards to carry for everyday use. Are your others travel cards, store cards, or 'inferior rewards' cards (like BCE or B of A Cash rewards when compared to Sallie Mae)? Do you have a good system for 'rotating' your third card?
I have no history with Citi, so I can't speak from personal experience, but I wouldn't assume that it was just the fact that you had two store cards that upset them. You have a lot of cards - open and closed - for someone with 17 months of history. I could see the amount of new credit you have - or a low AAoA - being a bigger concern than having two store cards.
In their closure document, they used information from my Experian report to close the accounts down so maybe my last Amex inquiry could have also been a trigger too. I'm just amazed that it wasn't Barclays at all that did this either and really glad it wasn't Chase or Amex either and that I've gone this whole time without ever facing that kind of AA before.
There's not much from Citi that interests me outside of their Double Cash (which they still won't allow any product changes to on their discontinued Forward cards) or Thank You Premier cards anyway but the only significance for me was that they closed my oldest account so I'm not sure what effect that's gonna have on my credit if that's been closed. I know it will stay on my reports for 10 years though.
I'm not so sure lenders are actually looking at AAoA when making these decisions (I heard that's more of something that could have an effect on your FICO score though) but I wouldn't be surprised if even the Lowes account that I had possibly scared them the most because of the very high limit compared to what I had before.
What I'm pretty annoyed at though is that I think it would have been less trouble if they had just denied me for those store cards in the first place rather than approving me for them and then shutting down all of my accounts afterwards like that. I've also been with Citi the longest and had their checking account even before I ever had a card with them and they have a record of my long running payment history and everything. Bank loyalty sadly doesn't seem to mean much to them and as someone said, never marry your cards.
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)