account closed by credit grantor

Discussion in 'Credit Talk' started by mcs11, Aug 10, 2004.

  1. mcs11

    mcs11 New Member

    citibank sent me a letter saying my account was closed because of too many inquries in the past 6 month. i have perfect credit. score in the high 700s (before my application-o-rama). and ive been a citibank customer for 6 years or so w/ no lates.

    i called up and was told not only did i open too many accounts, i wasnt profitable (aka, didnt use my card for a while).

    my questions are:
    1. would this hurt my credit? and also specifically FICO score. how would it hurt?
    2. anything i can do about this? citibank wont let me re-open the account. strangely the day after they closed my account (credit card), they allowed me to open a bank account w/ them w/ 25k deposit. i have a feeling they will be approving my citibank business credit card in the near future (personal guarantee). this situation is pretty screwed up and i certainly dont look very highly of citibank any longer.

    thanks in advance
    ps: i think they closed my account to prevent me from getting my cash rewards.
     
  2. lbrown59

    lbrown59 Well-Known Member

    my questions are:
    1. would this hurt my credit? and also specifically FICO score. how would it hurt?
    2. anything i can do about this? citibank wont let me re-open the account. strangely the day after they closed my account (credit card), they allowed me to open a bank account w/ them w/ 25k deposit. i have a feeling they will be approving my citibank business credit card in the near future (personal guarantee). this situation is pretty screwed up and i certainly dont look very highly of citibank any longer.
    3*i think they closed my account to prevent me from getting my cash rewards.
    mcs11
    **********************
    ***************
    GET THE BASICS HERE.
    http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243
    *****************
    >1*It could lower it. It's not a good note.
    2*
    3*Could be .
     
  3. Hedwig

    Hedwig Well-Known Member

    Have you tried contacting their executive offices? You can try PlanetFeedback or just write or call the exec offices. Worth a try.
     

Share This Page