Citi bank Custom Cash decline

2 years ago

Fri May 06, 2022 9:42 pm

Tinkegrrl

Seasoned Rebel

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No scorable inquiries on file!
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Level14 Last INQSaturday, July 1, 2023 Gardening For1 year, 2 months, 15 days, 13 hours, and 25 minutes Next Level in14 days, 10 hours, and 35 minutes on October 1st INQ 1yr onMonday, July 1, 2024 INQ 1yr reached2 months, 15 days, 13 hours, and 25 minutes ago INQ 2yr onTuesday, July 1, 2025 INQ 2yr in9 months, 14 days, 10 hours, and 35 minutes Goal12 months Goal DateMonday, July 1, 2024 Goal Achieved2 months, 15 days, 13 hours, and 25 minutes ago

BrutalBodyShots wrote: ↑Tue Apr 26, 2022 12:00 pm That's totally up to you. I don't personally think a [SP] CLI will matter much though. It's certainly less significant than an additional HP and far less significant than the addition of a new account. Those latter 2 events are Fico negative reason statement triggering, where a greater credit limit isn't despite you being provided a denial letter that did mention your aggregate revolving limits.

I went back and reread the decline letter. It said my combined credit was too LOW. I’ve only been building credit for 13 months though, so I wonder what they’re looking for? Of course it isn’t high. I have $19.3k in combined credit limits for my cards. Split between 5 of them. Averages out to $3860. Maybe they’re looking for a $5k average?

2 years ago

Sat May 07, 2022 9:43 am

Credible

Seasoned Rebel

Credible has been gardening for over 2 years.
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Level29 Last INQMonday, March 28, 2022 Gardening For2 years, 5 months, 19 days, 13 hours, and 25 minutes Next Level in11 days, 10 hours, and 35 minutes on September 28th INQ 1yr onTuesday, March 28, 2023 INQ 1yr reached1 year, 5 months, 19 days, 13 hours, and 25 minutes ago INQ 2yr onThursday, March 28, 2024 INQ 2yr reached5 months, 19 days, 13 hours, and 25 minutes ago Goal24 months Goal DateThursday, March 28, 2024 Goal Achieved5 months, 19 days, 13 hours, and 25 minutes ago

Tinkegrrl wrote: ↑Fri May 06, 2022 9:42 pm
BrutalBodyShots wrote: ↑Tue Apr 26, 2022 12:00 pm That's totally up to you. I don't personally think a [SP] CLI will matter much though. It's certainly less significant than an additional HP and far less significant than the addition of a new account. Those latter 2 events are Fico negative reason statement triggering, where a greater credit limit isn't despite you being provided a denial letter that did mention your aggregate revolving limits.
I went back and reread the decline letter. It said my combined credit was too LOW. I’ve only been building credit for 13 months though, so I wonder what they’re looking for? Of course it isn’t high. I have $19.3k in combined credit limits for my cards. Split between 5 of them. Averages out to $3860. Maybe they’re looking for a $5k average?

That sounds like a silly decline reason. I was approved of both the Custom Cash and Rewards+. Prior to that, I had only 2 revolvers: 1 with a credit limit of $1,200 and the other with a credit limit of $5,250. My oldest revolver was 3 years.

2 years ago

Sat May 07, 2022 9:56 am

Tinkegrrl

Seasoned Rebel

Tinkegrrl has passed the 12 month threshold!
No scorable inquiries on file!
Tinkegrrl has achieved the Garden Goal !!

Level14 Last INQSaturday, July 1, 2023 Gardening For1 year, 2 months, 15 days, 13 hours, and 25 minutes Next Level in14 days, 10 hours, and 35 minutes on October 1st INQ 1yr onMonday, July 1, 2024 INQ 1yr reached2 months, 15 days, 13 hours, and 25 minutes ago INQ 2yr onTuesday, July 1, 2025 INQ 2yr in9 months, 14 days, 10 hours, and 35 minutes Goal12 months Goal DateMonday, July 1, 2024 Goal Achieved2 months, 15 days, 13 hours, and 25 minutes ago

Credible wrote: ↑Sat May 07, 2022 9:43 am
Tinkegrrl wrote: ↑Fri May 06, 2022 9:42 pm
BrutalBodyShots wrote: ↑Tue Apr 26, 2022 12:00 pm That's totally up to you. I don't personally think a [SP] CLI will matter much though. It's certainly less significant than an additional HP and far less significant than the addition of a new account. Those latter 2 events are Fico negative reason statement triggering, where a greater credit limit isn't despite you being provided a denial letter that did mention your aggregate revolving limits.
I went back and reread the decline letter. It said my combined credit was too LOW. I’ve only been building credit for 13 months though, so I wonder what they’re looking for? Of course it isn’t high. I have $19.3k in combined credit limits for my cards. Split between 5 of them. Averages out to $3860. Maybe they’re looking for a $5k average?
That sounds like a silly decline reason. I was approved of both the Custom Cash and Rewards+. Prior to that, I had only 2 revolvers: 1 with a credit limit of $1,200 and the other with a credit limit of $5,250. My oldest revolver was 3 years.

That’s what I thought. I hadn’t seen any data points for being declined for the Custom Cash for something like that before. Could be that I’m just one of the people Citi doesn’t like.

2 years ago

Sat May 07, 2022 10:57 am

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
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Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 25 minutes Next Level in6 days, 10 hours, and 35 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 25 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 25 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 25 minutes ago

Tinkegrrl wrote: ↑Sat May 07, 2022 9:56 am That’s what I thought. I hadn’t seen any data points for being declined for the Custom Cash for something like that before. Could be that I’m just one of the people Citi doesn’t like.

While I know you already know this and were just using a figure of speech, it's not you, but something about your profile that isn't working for Citi. This can be seen all the time when someone gets denied for something for whatever reason and that same reason didn't result in a denial for someone else. Above @Credible makes a good reference of this. All you can really do is look at your profile and see what can be improved / try to determine what isn't jiving well with them. Many times the answer is simply to allow more time to pass, which in this case seems like the best course of action. Playing the waiting game when you want something does suck of course, but unfortunately there isn't any way around that sometimes in the game of credit.

2 years ago

Tue May 17, 2022 3:35 pm

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 13 hours, and 25 minutes Next Level in15 days, 10 hours, and 35 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 13 hours, and 25 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 13 hours, and 25 minutes ago

@Tinkegrrl It’s quite simple to me. In my humble opinion you had too many recent accounts. They are very picky with the custom, they want to see at least a minimum of one year history, but recent accounts and inquiries also lower your chances. I agree that if you just give yourself some time and don’t have many new accounts or inquiries before you try next time, you’ll be successful. You always have to be cognizant of accounts younger than a year of age and inquiries less than a year old, especially if applying to a picky lender or for a product they’re picky with. Yes you met the one year requirement but it’s hard not to have recent accounts with a file as Young as yours. Recent accounts and inquiries mean more on a young profile, imho. And they are required to give reasons, I wouldn’t necessarily count on the bottom reason meaning very much. Sorry I’m late to the party but I’m catching up chronologically.