Credit Card Offers Citi Premier Sign-Up Bonus Offers & Discussion

[Easy Tiger]

Clearly not. Only my 2nd rejection in more than 150+ churns.

Agreed Dr Ralph, I was just rejected (today) too. I've churned approx 60 cards over 18 years (lagging behind you a little!!) and this was my third refusal overall. My first was Virgin, then AMEX now Citi and I have been approved with all 3 prior. I wondered whether NAB has it in for me but I was approved for Qantas Platinum 3 months ago...AMEX told me that it was frequency of applications but Citi and Virgin gave me a very similar laundry list of what it 'could' be. The heady days seem to be over....oh well, I've done well over the years, I cannot complain at all.

 

[burmans]

Virgin and Qantas are both NAB partner (ex Citi) and seem to be applying the Citi rules. Plenty of anecdotal evidence that suggest not more than one application in 6 months was applied by Citi and still seems to be in play.

 

[Easy Tiger]

Virgin and Qantas are both NAB partner (ex Citi) and seem to be applying the Citi rules. Plenty of anecdotal evidence that suggest not more than one application in 6 months was applied by Citi and still seems to be in play.

Strange then, I got my Qantas card approved about a month after my Virgin card was denied...then cancelled that Q card about 9 months ago. Who knows...

 

[burmans]

Strange then, I got my Qantas card approved about a month after my Virgin card was denied...then cancelled that Q card about 9 months ago. Who knows...

In my case denied at 4 months accepted at 6 for Virgin.

But I’m not totally surprised that credit providers have caught on that frequent applications quite likely mean you are either churning or are badly in debt (using one CC to pay another). Both are loss makers to the CC company!

 

[levelnine]

They've significantly slowed the flow of approvals. It used to be possible to get a new Citi card once per month (cycle Premier/Prestige/Rewards). It was the biggest gravy train in churning. That's no longer the case.

 

[Easy Tiger]

Damn those customers that we can't make any money from, or screw over in other ways...ahhh, we've had to too good for too long. What a blessing.

 

[MooTime]

Well it's not all over.
I mean I churn just few cards per year and managed to be approved for the Citi prestige so just have play the game little less.

 

[QantasMan]

I will be applying for Citi Prestige tomorrow . or is it better to get the prestige Velocity card ?

 

[Dr Ralph]

Well that was pretty quick. Received an email before 9AM today saying application rejected. The following generic list of reasons provided:

"Factors that we consider in our assessment may include (but are not limited to):

(i) Your ability to repay credit based on your total income
(ii) Your existing debts, expenses and other commitments
(iii) The security of your employment
(iv) Your credit history including previous bankruptcy, defaults, serious credit infringements, high number of credit applications and unsatisfactory repayment history
(v) Your credit score - this is a figure we calculate that indicates your likelihood of repaying the credit you applied for, and includes elements of all the information listed above; and
(vi) Other eligibility requirements for the product."

The only relevant issue that I can see is this one "high number of credit applications".

So looks like Citi is now cracking down on churners.

Mrs Dr Ralph applied and approved within 24 hrs. Has 1/2 the income of me.

Will be extra satisfying when we cancel Mrs Dr Ralph's account after getting the points.