MemberSince99 wrote:I think, and this is just my own theory, but I think that issuers either like you or they don't. And Citi has just never liked me. I've applied numerous times with them, and every single one without fail was a decline.
I have opened several new accounts recently where you had only one you'd recently opened. Maybe if I wait two years for all inquiries to drop off, and don't apply for anything, and all my accounts are aged, and if I maintain a perfect 4% utilization on one account, and if I get awarded a posthumous Congressional Medal of Honor with an Olympic gold medal in freestyle swimming, they might smile upon me, but I'm not going to bother applying to find out. I've wasted enough inquiries with them and frankly, come to the conclusion I have plenty of other good issuers I'd rather give the business to than Citi.
But probably the biggest reason was as they said - new accounts which I do have several. But if it wasn't that it would have been something else. I've heard them denying people because they didn't care a LARGE enough balance on their revolving accounts. So, figure this out, they want you to already have credit, but not NEW credit, and they want to USE that credit, but only a specific amount, not too little or too much of it, I'm done trying to figure them out, life is too short, best to just move on. Good thing there are other options I guess.
Actually, that would probably get a denial too. The Olympic gold medal would have to be for bobsledding and even then you'd definitely get the 7-10 day message at the very minimum.
I agree with you on creditors either liking you or not. I don't necessarily think its a human like or dislike, but whatever automated computer algorithims they use to determine approval sees things that it likes or dislikes. It would be a lot more fair if creditors all just used manual reviews all the time, but I probably not cost effective for the larger banks especially. Look at me, remember all the bulls**t I had to go through with US Bank months ago? They approved me for 13,000 total of credit across two cards and 3 inquiries but refused to give me the Cash+ card cause I had no prior relationship with them. Now they decided I'm apparently worthy of the upgrade later. Now I can't wait to start reaping good rewards off my cell phone and internet (the way my internet is charged is as a cell phone bill) and letting them pay me to use the card. Even with the rewards being lessened. I guess their system just didn't like me or something. Oh well.
You still have some pretty good rewards cards at your disposal, I say just **** 'em and make as much money off your current setup as possible. Credit is all just a game, and its stacked against you from the start, but with a little creativity you can make it all work for you instead of against you. As long as you're making more money off your cards than they are making off of you, it's game on. Citi is a bit harder to make cash back on than a lot of the other big issuers, so don't sweat it.