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November 10, 2010 - Rick

“The Beach” Koh Phi Phi Islands photo by Andrew Ingersoll

50% Off 5 Day Hotel Sale

Thanks to Michael for the link

First Year Free, No First Bag Fee, Two Club Passes

Chase (JPMorgan Chase & Co.)

Anonymous

Hi Rick,
I had the same experience with Citi. Several weeks after applying for the personal and business Visa cards simultaneously and being approved for both, I was rejected on the AMEX. They sent me an email citing "multiple applications" as the reason for decline.
I tend to think that had I done them all at once, I would have been approved for all. It is the piecemeal application that allows them the opportunity to dismiss.

Keep up the good work!
Anonymous

Great Post. My credit scores are at the TOP of each credit agency and I have never been late or missed a payment in 51 years (First checking acct when I was 8 yrs old for a paper route). I have experience similar exchanges with Citi. The sad part is the multiple credit checks are from Citi themselves when I try for a new card. Citi says wait 60 days to re-apply, yet on my credit reports I have waited up to 90 days and still get turned down. I keep thinking of the hundreds of credit card applications I would get in the mail each year which only required a signature to activate.

Citi will also not accept coins over $200 to pay on my credit card as "it costs them to process the coins …" WHATEVER!
Anonymous

Haha. Thanks for this entry on the blog; and it doesn't surprise me at all! What's been going on with card issuers since the Great Recession may not be as unreal as it is the "new real".
I am a senior citizen and from my perspective the BIG loser in this foolishness is the company co-branded on that credit card. The point of the co-branded card's benefits is to encourage the consumer to choose one company over the others. If the card issuer fails to issue the card, then it is reasonable to wonder if the company might not be better served to be co-branded with a different card issuer.
I recently had to make a weekend trip to the midwest on a family matter. I spent one night with HHonors @$100 and one night with Priority Club @$70 ; local rooms were @$60. The HHonors hotel was "nicer", but not that much nicer. Citi turned me down for a Hilton card inspite of a fico in the high 700's. Next year I will be returning to that midwest city, relatives in tow. I'll be needing rooms, not a room. And without the benefits of that co-branded card, it is unlikely that I'll be staying in a Hilton.
Six weeks after Citi turned me down, I received in the mail a solicitation for that very same card.
And yes, I do think it is a phase we are going through. You can't grow a business on less income.
Anonymous

My experiences with Citi mirror yours. They are greedy retards. The final straw was charging me a 4 percent fee for using a "foreign" ATM in Bangkok, which happened to be a Citi ATM located at their branch in Bangkok.
belgiumdoc

Not sure what the problem is – We all know the rules for AA Citicards churning- I/we play the game, hoping to win but never really sure if the approval will come as we're not really entitled to these new card bonuses but usually get them anyhow. When we luck out and get the card, life's great. When we get turned down, we b*tch? Most big corporations have functionaries who answer the phone – they follow a script and don't have real power nor ability to handle what you're requesting. Let's be happy for what we've been fortunate enough to receive.
Anonymous

I was denied in August because 1) I have a citi AA CC and 2)I had a citi AA CC. Then I closed the only one citi AA account and applied for it again in Sep. Amazingly they approved my app this time…
Anonymous

Any ideas on a $1500.00 spend that doesn't cost $1500.00?
Ken

Basically the same thing happened to me. I got rejected for the Visa because I had already been extended the maximum amount of credit that Citi was willing to offer me. I called to request reconsideration, and indicated that I was considering closing some Citi accounts that I hadn't used for a couple of years if that would be enough to be granted this new card that I actually wanted to use. I was told "We can't say whether that will allow us to approve the new card." Erm. Ok. I go ahead and call in to yet another customer service line to cancel the accounts (and get the hard sell to keep them open). I let a couple of days go by in case they need time to realize I no longer have those accounts. I call back for reconsideration and am again rejected for the same reason. I tell them that I'm willing to reduce my existing credit limit on my last remaining account to be approved for this new card that I would actually use. I'm told that I can try it and ask for reconsideration. I ask if they could tell me how much I would have to lower my existing credit limit to qualify. "No, we can't tell you that." Erm. You can't? What is this, The Price Is Right? Am I supposed to keep calling in to lower my credit limit on my other card lower and lower and lower until I finally "guess" the number you've got in mind? Forget it. I have better things to do with my time than waste it playing games with a bunch of customer service reps who have no authority to service their customers.

And that's my experience with Citi. Can I have my bail-out money back?

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