Citi 6 month soft pull CLI declined

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
19 posts
MemberSince99
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Postby MemberSince99 » Sun Jun 22, 2014 5:33 am

3% groceries, 2% gas, 1.25% everything else. Can get it as cash, gift cards, etc. All US customer service which is becoming more rare these days (even Amex doesn't have that). They are a local bank and gave me a letter of loan commitment should I buy a home. They let me pay them as often as I want to (Chase limits me to one payment every three days, which if they were my main card would start to irritate me I'm sure, but hey if they really don't want to get paid....).


As you mentioned the limit - I got there on one hard pull, the one for the application. I could use that as my daily card and just wait for the statement to cut and pay them once a month and not worry about utilization. Not my style but I like that I could do it. I honestly regret moving my checking from them to Chase, but it doesn't hurt to diversify a little bit I suppose. If I get a mortgage through them and there is any benefit to it, I might move the checking back. The reason I went to Chase was at the time I was looking at moving out of this area (and still am open to it but I haven't heard back when I looked into jobs and I'm not just moving and hoping I find a job, that's insane I could end up sleeping under a bridge wondering what the hell did I just do) and to build a relationship with them since they had just given me the CSP.


supercoolman
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Postby supercoolman » Sun Jun 22, 2014 11:32 am

I didn't see that card on their website and nothing on their website came close to your description. guess it's no longer offered or the Accelerated version is targeted offer.

MemberSince99
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Postby MemberSince99 » Sun Jun 22, 2014 11:51 am

You know what? I went and looked (normally I have no reason to look) and I don't see it either. It looks like they changed the rewards structure and nerfed it so now it's 1.25% across the board but nothing extra on gas and groceries, or 1.5% across the board with an annual fee - NOT a good value.


I never received notice that my benefits changed on it, but they are free to change them at any time without notice. Mine was a targeted offer of the 1.25% across the board when I got it, but now that is the norm. I'm curious if I still get the 3% and 2% I used to. I never really pay attention. Good thing I have the Amex EDP for gas and groceries now.


Given what I saw I wouldn't recommend the card. I was going off old information.


Update I just looked on the site but I can't see what my rewards level is they don't tell you. I assume I was nerfed and just not notified - after all what lender wants to send you a letter saying "Hey we just nerfed your credit card rewards but we value your business and hope you have a great day!" I can't say I'm shocked as it's Elan, who is part of US Bank who as we know nerfed the living hell out of their Cash + card so they have some history of that. I think knowing this, from now on the Freedom is getting the Visa spend. Even if I get 1% vs 1.25%, who cares. And Associated makes you dance through hoops to get a statement credit where with Chase it's a couple of days at most. Yep, I think it's time Chase got some more use. Not sure what I'll do with Associated it's going in the "sock drawer" so to speak though I'll keep it in my wallet just in case. But from now on I'm giving Chase the swipes, Elan is too fickle (though I should talk...).

supercoolman
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Postby supercoolman » Sun Jun 22, 2014 12:40 pm

Your original description was really attractive because it combines the purpose of two CCs into one for me, so it would've been one less card in my wallet.

Just curious, what was the reason you picked EDP over BCP? for the same annual fee I see BCP has higher cash back than EDP and almost the same benefits

MemberSince99
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Postby MemberSince99 » Sun Jun 22, 2014 3:08 pm

It depends on if you want cash back or MR points. EDP gives you MR points, where BCP gives you the cash.


If you can transfer the MR points to a program that gives you a higher return then you get more. The cool thing is, the combination of the Platinum along with EDP means I get lots of MR points for every day spend like gas and groceries combined with travel spend from the Platinum and the perks that gives which are amazing for travelers.


So that's really what it comes down to. In the past the BCP probably would have been a better choice, but now I'm happy with the EDP.


And yeah that sucks they nerfed those rewards they had been pretty good. That's probably why they got nerfed. But then other lenders have similar things (BCE, BankAmericard, etc) and they haven't nerfed them so it must just be US Bank in action. With the rewards listed you'd pretty much be better off with Cap One Quicksilver though their offshore support is totally useless, but the rewards are better.

attrapereves
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Postby attrapereves » Wed Jun 25, 2014 12:12 pm

I've had my AmEx card for over a year now. I've been denied twice for a CLI. The CL is $3500, which is decent, but I'd like to get it to match my Discover at $5000. I've contemplated closing the account, but I really like having an AmEx card. Discover has raised my limit twice in the 1.5yr that I've had the card.

I just requested a CL increase on my Citi Dividend card moments ago. It went from $4000 to $5500.

Any idea on how to get AmEx to give me an increase? I wonder if I'd be better off opening a new AmEx card.

MemberSince99
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Postby MemberSince99 » Wed Jun 25, 2014 1:09 pm

I can't tell you exactly what you should personally do, but I can tell you in general what they like to see. They like to see PIF behavior - I've only had a balance hit on a card for me once this year and that was the annual fee for the EDP which couldn't be avoided. Otherwise my reported balances are 0 across the board. At the very least low utilization would help your case. And I believe and was told that using their card helps matters as well. Otherwise income should help, the higher the better of course, and I'm sure having other high limit cards as well.


I think in general these will help.

jrmsu
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Postby jrmsu » Fri Jun 27, 2014 10:04 am

I am gone for one week and MemberSince99 has finally cancelled Discover and BofA? Does it feel like leaving a bad relationship?
My Cards:

Discover It - $8,450 (9/13)
BankAmericard Cash Rewards Visa Signature - $5,000 (4/14)
Chase Freedom - $3,000 (5/14)
AMEX Hilton HHonors - $16,500 (6/14)


MemberSince99
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Postby MemberSince99 » Fri Jun 27, 2014 1:53 pm

It's not really like that. I have nothing at all bad to say about BofA. Even Discover, I guess they do what they do, I'd rather not bad mouth them they have their good points, but as we all know they can be very tight with limits.


I just chose to give my business to lenders who seem to really want it, and to make my life easier. That's all it is.


I'm done on a permanent basis with trying to keep them happy. Either my business and my habits work for them or they don't, and I'm just going to go with who I want to go with and give them the swipes. If they prefer I take my business elsewhere, that can be arranged. I just want the simple life in terms of credit now. If my score drops 15 points because of it, I don't care. I just refuse to babysit 9 cards and worry about how I'm going to keep all those lenders happy because my income and spend can't manage to do that, and I don't want a second job managing all those cards. I want have a couple and just use them and live life.


It's not at all like a bad relationship. I have no regrets on trying out a bunch of lenders. My goal was always may the best lender win, and may the odds be ever in your favor. That's about all you can do.



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