Citicards 60 day/ one application policy
Jan 28, 2008, 1:55 pm
#46
Join Date: Sep 2005
Location: Modesto, CA (90 miles from any real airport)
Programs: SPG Plat (3.2MM LT), Hilton Gold, AA LT Plat (3.2MM), Hertz 5*, US Mint MVP
Posts: 638
Thanks for the info. I rarely open new accounts (actually need to open a Diners card tonight as I've maxed out my Citi MC miles earning for 2008 already) but was considering taking advantage of the current Citi/AA sign up promotions. If you guys are signing up for dozens of cards (or more) per year, I shouldn't get hurt too badly for opening a couple. My credit score is around 800, so I'm probably fine.
I don' think one card will make a dent, like I said, I have "pages" of cards from last year and it had no adverse issues. In fact I was worried about getting a 7 figure loan and the agent didnt even ask about the cards. My experience has been that if you do explain it to a lender, they are intrigued by the whole process.
Jim
Jan 28, 2008, 7:22 pm
#47
Join Date: Apr 2002
Posts: 2,947
Running the system is quite easy, keep it simple. All the links that I use are expired, and they work everytime.
Here is how to do it, it is clean and simple. I only use the AA Citi MC or Visa depending on the offer I want to use. I used the business card, but it was too much trouble and I like to keep it simple.
Get 2 cards to start. Start using one until you hit the $250 (register your cards at Citi online to track spending and whether it has been cancelled) , then put it away in a drawer. Then start using card #2. By the time I hit the $250 I have gotten a statement and miles from number one. Send in a letter to Citi to cancel #1. Apply for #3. By the time #3 shows up, #1 has been cancelled, #2 has hit $250 and is in the drawer. and I just continue this cycle. It is clean and simple and does not require much effort. I do this for both my wife and I and could easily do 2 cards each per month if I really tried. That would be 80k/mo or 960k/yr. I only did about 600k between the two of us last year. I can't see why anyone would hassle with a $750 offer or even putting 10k on a card to get the extra bonus. $750 in spending is worth 60k to me, 10k in spending? thats worth 800k in AAmiles to me...
Jim
Here is how to do it, it is clean and simple. I only use the AA Citi MC or Visa depending on the offer I want to use. I used the business card, but it was too much trouble and I like to keep it simple.
Get 2 cards to start. Start using one until you hit the $250 (register your cards at Citi online to track spending and whether it has been cancelled) , then put it away in a drawer. Then start using card #2. By the time I hit the $250 I have gotten a statement and miles from number one. Send in a letter to Citi to cancel #1. Apply for #3. By the time #3 shows up, #1 has been cancelled, #2 has hit $250 and is in the drawer. and I just continue this cycle. It is clean and simple and does not require much effort. I do this for both my wife and I and could easily do 2 cards each per month if I really tried. That would be 80k/mo or 960k/yr. I only did about 600k between the two of us last year. I can't see why anyone would hassle with a $750 offer or even putting 10k on a card to get the extra bonus. $750 in spending is worth 60k to me, 10k in spending? thats worth 800k in AAmiles to me...
Jim
Jan 28, 2008, 8:08 pm
#49
Join Date: Sep 2005
Location: Modesto, CA (90 miles from any real airport)
Programs: SPG Plat (3.2MM LT), Hilton Gold, AA LT Plat (3.2MM), Hertz 5*, US Mint MVP
Posts: 638
I thought that you could only apply for one personal card every 60 days? I tried applying for two M/C's within a 60 day period a received a letter indicating that I may only apply for one card in a 60 day period? I know the business M/C limits you to every 90 days. ???????
My personal experience is that you can apply for any 3 personal cards during a 60 day period. I usually just rotate the 3 M/C cards.
Jim
Jan 30, 2008, 9:35 am
#51
Join Date: Sep 2005
Location: Modesto, CA (90 miles from any real airport)
Programs: SPG Plat (3.2MM LT), Hilton Gold, AA LT Plat (3.2MM), Hertz 5*, US Mint MVP
Posts: 638
I thought that you could only apply for one personal card every 60 days? I tried applying for two M/C's within a 60 day period a received a letter indicating that I may only apply for one card in a 60 day period? I know the business M/C limits you to every 90 days. ???????
They do enforce the 3 apps in 60 days.
Jim
Jan 30, 2008, 9:47 am
#52
Join Date: Jul 2005
Location: Washington, D.C.
Programs: AA PLT (MM), UA 1K, Marriott Ti, IHG Diamond
Posts: 929
Also, a common misconception is that Citi will only let you have 3 cards since that is what they limit you to during a 60 day period. They will allow more than 3 if you ask them. I actually had them call when a 4th aplication was out prior to them cancelling one of my other cards. They offered to reduce the limit on one of the cards to make room in the credit limits for a 4th card. Needless to say, I did it as I only need a $250+ limit anyway.
They do enforce the 3 apps in 60 days.
Jim
They do enforce the 3 apps in 60 days.
Jim
Jan 30, 2008, 11:08 am
#53
Join Date: Mar 2007
Programs: Hilton Diamond, AA 1MM
Posts: 245
I have run into this a few times, however, the minimum credit line they allow me to do is $2000... So I have to pull $2,000 from another card... I asked then for the $250 line of credit and they said "sorry, $2000 is the minimum"... Maybe this $2000 minimum is new? Or maybe the rep was just wrong... I dunno...
Jan 30, 2008, 11:08 am
#54
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,474
Jan 30, 2008, 11:30 am
#55
Join Date: Jul 2005
Location: Washington, D.C.
Programs: AA PLT (MM), UA 1K, Marriott Ti, IHG Diamond
Posts: 929
Why did you get rejected?
Jan 30, 2008, 11:40 am
#56
Join Date: Sep 2005
Location: Modesto, CA (90 miles from any real airport)
Programs: SPG Plat (3.2MM LT), Hilton Gold, AA LT Plat (3.2MM), Hertz 5*, US Mint MVP
Posts: 638
A friend of mine turns in like 6 apps each time and gets the 3 approved and the other 3 denied due to the 3 apps in 60 day restriction.
Jim
Feb 6, 2008, 9:08 pm
#57
Join Date: Jun 2001
Location: Vancouver, WA
Programs: AA PLT 2.9MM
Posts: 113
I received a letter rejecting my application for a Citi Visa today. In the past 60 days I have been approved for a Citi Amex and Citi MC.
"It is our policy to limit the number of credit requests that we process within a 60-day period. Our records show that you applied for credit with us within the past 60 days."
So for me the limit is 6 MCs/yr and 6 Amex/yr and 4 Business cards/yr.
"It is our policy to limit the number of credit requests that we process within a 60-day period. Our records show that you applied for credit with us within the past 60 days."
So for me the limit is 6 MCs/yr and 6 Amex/yr and 4 Business cards/yr.
Feb 6, 2008, 10:15 pm
#58
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,760
Also, a common misconception is that Citi will only let you have 3 cards since that is what they limit you to during a 60 day period. They will allow more than 3 if you ask them. I actually had them call when a 4th aplication was out prior to them cancelling one of my other cards. They offered to reduce the limit on one of the cards to make room in the credit limits for a 4th card. Needless to say, I did it as I only need a $250+ limit anyway.
They do enforce the 3 apps in 60 days.
Jim
They do enforce the 3 apps in 60 days.
Jim
Feb 7, 2008, 10:14 am
#60
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
Programs: DL PM/MM, AA ExPlat, Hyatt Glob, HH Dia, National ECE, Hertz PC
Posts: 16,579