Originally Posted by
pcoll
I applied today and was very surprised to get denial. Applied through my Citi account portal.
I have always received cards applied for, including CSR.
Credit score above 800, I am far below 5/24 card restriction. No hard pulls in the last year.
Response with Denial said they would send email within 15 days with explanation for denial.
I wonder if Citi or AA has put a hold on approvals for this card until the AF increase goes into effect at the end of the month.
I had my financial advisor look into this. Turns out that “a lack of installment loans” was the reason for decline. All houses and cars are paid and no outstanding debt. Revolving credit cards do not qualify as installment product.
Interesting to see a good credit risk be declined for lack of debt.