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