Citi Thank You Card
Nov 22, 2014, 9:29 am
#1
Original Poster
Join Date: Feb 2011
Posts: 696
Citi Thank You Card
I realize that I was crazy when I canceled my Citi Thank You card, no annual fee back in 04/2014. Now that I realize that I should have kept that account so that my history with them is good and can allow me to get approval for future cc easier.
I just recently applied for AA card and approved for $8000 credit line. This was done this month November 18, 2014. The question is, should I apply for the ThankYou card again with the sign up bonus and this time just to keep it to create history with Citi? or this history creation thing is not really necessary?
Thanks!
I just recently applied for AA card and approved for $8000 credit line. This was done this month November 18, 2014. The question is, should I apply for the ThankYou card again with the sign up bonus and this time just to keep it to create history with Citi? or this history creation thing is not really necessary?
Thanks!
Nov 22, 2014, 11:11 am
#2
Join Date: Aug 2010
Location: CLT
Programs: AA, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,074
Yes, you should not have closed the no AF card. Are you wanting "history creation" so that an issuer likes you more or so your credit score goes up? On the credit score side, what you're looking for is Average Age of Accounts (AAoA). Opening new accounts always lowers your AAoA, but in the long term, having more accounts means opening new ones doesn't lower it as much. In terms of an issuer liking you for a long history, don't worry about that.
In the end, apply for the TY card if the sign up bonus is worth it. If you just want to improve your credit history long term, go for the best sign up bonus you can get.
In the end, apply for the TY card if the sign up bonus is worth it. If you just want to improve your credit history long term, go for the best sign up bonus you can get.
Nov 22, 2014, 9:54 pm
#3
Join Date: Oct 2014
Location: LAC
Programs: Regal Crown Club
Posts: 488
E.g. Chase old card $6k - new card $12k, Barclay old card $5k - new card $10k, Citi old card $2k - new card $3k etc.
Nov 24, 2014, 11:44 am
#4
Join Date: Aug 2010
Location: CLT
Programs: AA, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,074
Could you please elaborate on that. I've come to realize during the last couple months that - except for American Express - all the new card apps got me a higher CL than the ones I used to have with that issuer before.
E.g. Chase old card $6k - new card $12k, Barclay old card $5k - new card $10k, Citi old card $2k - new card $3k etc.
E.g. Chase old card $6k - new card $12k, Barclay old card $5k - new card $10k, Citi old card $2k - new card $3k etc.
Nov 24, 2014, 10:39 pm
#5
Join Date: Oct 2014
Location: LAC
Programs: Regal Crown Club
Posts: 488