Lower... I can't get anything from CITIBANK...with 704...many people with MUCH LOWER scores get cards...
Hey, George, don't confuse newcomers. You know the reason you didn't get the card has nothing to do with your high FICO score. Love, they aren't targeting people with low FICO scores. George is lamenting his situation where he's having trouble getting new cards even though he has a good score. (His problem is that he has almost $100,000 worth of revolving credit lines, and most credit card issuers would be very hesitant to throw another one on that pile.) Doc
A wise poster once said..."they probably think you will use their credit card to YOUR advantage, instead of theirs" PAY THEM THE LOWEST AMOUNT OF INTEREST POSSIBLE OVER A GIVEN TIME PERIOD...
George: PsychDoc may be right. They don't grant unlimited credit to anyone. And the limited amount they WILL grant, must not be wasted on useless FUSAs, DISCOVERs and NEXTCARDs. If a credit product becomes uncompetitive, putting it in a sock drawer won't get you better terms; CANCELING it just might. Saar
I have tried the cancel route...FIRST USA refused to go lower than 13.99%... I said "I was THINKING about getting rid of the card since you won't go lower than 13.99%" FINE, IT IS CLOSED, YOU WILL GET A LETTER IN THE MAIL...BYE...CLICK
Great! Now repeat with Discover & NextCard (as soon as the intro rate expires). Don't settle for so-so terms with bad lenders. Instead, use your recently-closed accounts as leverage to get new credit products from the TOP lenders. (We all know who they are). Saar
I guess you missed the post...DISCOVERCARD "BACKED DOWN"...I got 5.90% BT NO FEE + $4,000... My NEXT CARD is the 9.99% FIXED...wife's is the 9.99% "GO-TO" 18.99% it's in the sock drawer (BALANCE $0.00). If we close too much, what happens to the DEBT TO CREDIT LIMIT RATIO???
Nothing that will stop you from getting a high-limit Citi card. We've had people getting it at virtually 100% utilization. 5.9% APR on a card that uses 2-cycle billing is worth ~10%. Not really a bargain. Plus, it's only a promo rate. I'm not underestimating promo rates, but you need a long-term solution. You can have that rate matched by Citi easy -- IF you act in a way that would let you get one of their cards. In fact, my Citi's GO TO rate is 6.9%, while Sam's rate is even lower. YOU HAVE AAA CREDIT. DO NOT NEGOTIATE WITH BAD LENDERS; DUMP THEM SO YOU CAN APPLY WITH THE TOP LENDERS. You have no black cloud. Only bad lenders, and that can change. Saar
I agree with Saar. George, would you mind listing what cards you have and the limits so we can help you decide? We want you to be with Citi and whoever else you want, but unfortunately lenders stereotype people with a lot of credit as a bad risk
