I told you that you dont need to wait for the card to combine if you have the account #'s just call them
I'm so excited! I've been so hesitant to have my hubby apply for the AAsilver and do this deal - but we did it and were APPROVED! Now, this is a really big deal since all of our other cards have cl's between $1000 & $2500.... hubby was approved for <gasp!> $9,000 on both silver and gold - when we combine it'll be a $18,000 limit! I'm stunned. I'm convinced they're going to call and say they changed their minds!!!! I'm truly amazed. THANK YOU George and everyone for posting their experiences with this card.... I wouldn't have dreamed that we could get a card with that limit at this point, especially since Fleet just sent me a letter listing 4 reasons why they won't give me a card. My hubby and my scores are pretty similar, within about 5-10 points of each other. I was thinking of applying for the Silver/Gold deal myself. Will Citi allow this? Bonus question - (might just be dreaming here, but what the heck...) if I did apply and got the silver and gold and converted it to the platinum... what do you think the chances would be of me and my hubby combining our Platinum cards???? Wishful thinking?? Next question - With a limit this high, I don't see a reason to keep my Target card, or the Providian Smart Card I just got (but haven't used yet)... since they are both new (within the last month), am I correct in assuming that closing them won't hurt our scores? We're planning on obtaining a loan in July/August for a new motorcycle for the hubby - I don't wanna be turned down for having too many open accounts. Thoughts?? Again, THANK YOU EVERYONE.... I'm stunned.. amazed and so glad I found CreditNet!!!! Ozzy.
I just had a friend do the BDD. He had a AA World card with a $15k limit. He was turned down for a $10k increase (or any increase for that matter). He applied for Silver.....10K. Then Gold....10K. So Citi wouldn't let him have 25k, but gee 35k is A-OK! He thanks you all! I will be attempting my own in a couple of weeks to increase my 24.5k Platinum Select. I'll update the board with my results.
George they will close that silver account and combine it to the gold..Then when you convert to the platinum they close the gold and pay no fee's..I did this and had my platinum card in less than 2 weeks from applying..
Ozzyburger: If you do get the silver and gold, then close out some of your other cards, I think you are setting yourself up for a fall. This is why. You will have most, if not all, of your credit with Citi. If something happens to cause them concern (like a collection reporting), they will pop the interest up to 24.99% on all your cards. You will not have any place to transfer your balances. You need to diversify - give yourself an out. I speak from experience.
I had no problem consolidating, but they did not want to give me a platinum select! After speaking with 3 CSR's who would not give me a balance transfer offer (the 3rd finally offered me the Platinum AAdvantage card--does anyone know if I will get most favorable rates with that one?) I had no choice but to shoot off a letter via PFB on 1/3. I got home on 1/4, and I had a message from their South Dakota office. Spoke with a lady named Jody, and she said they would be able to get a balance transfer offer for me. FINALLY! I don't understand how things work. I just cleared up my mom's Experian and Equifax reports. There were chargeoffs and a repo. Yet, she managed to get a Platinum Select from Citi last summer--current rate is 9.99%! Sometimes, their system seems arbitrary. I am glad that people are getting Citi cards! I am glad that this board is here and I found out there was a back door! cariba
Thanks for taking the time to give me your input. =-) We have never had any collection problems to worry about (thankfully!), but I think you're right about closing out other cards - and diversifying is always good. My hubby got his Target Visa card in the mail today - gonna just cancel that one, and his Cap1Gold card. We plan on just leaving open our credit union visa with a $1000 limit and only 9.9% interest - the other Visas/Mcs are gone - *poof*! I'm also concerned about having too many open accounts - I recently got that on a denial that I had too many open accounts - 1 mortgage 2 car payments and 2 credit cards and a cell phone.... but I've since gotten a few more cards but they have low limits, so I can only imagine that more open accounts is gonna be negative. I sure hope the high limit does something good for the credit score!! =-) Ozzy.
Generally speaking, except for GEORGE, the reason codes are because you don't have the score/money/other questions they are looking for. I had about 15+ accounts open in the last year, and got target visa,amex,5 citi cards, and a car. Never once did those creditors say i had too many open lines.. They denied me for other reasons, but never too many open accounts.. The reason is their internal score and/or fico score didn't meet their requirements, the answer they tell you of course is "FICO" answers.
If there are other reasons, like those you indicated, why won't they just state those reasons instead of bs-ing us? If my score is too low, why wouldn't they just indicate that? Or if debt-income ratio doesn't suit them, they should just say that...kwim??? I guess I'm just not understanding their motive for not being truthful, if indeed, your suggestion is correct. Ozzy.
