APPROVED ONLINE --First time in 2 yrs
Dec 29, 2008 | 11:14 am
#1
Original Poster
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
APPROVED ONLINE --First time in 2 yrs
For the first time in 2 yrs, I have been approved online instantly for the CITI PLAT AMEX. Amazing and unbelievable !!
Does this mean that the "credit crunch" is over or just getting a bit looser?
Does this mean that the "credit crunch" is over or just getting a bit looser?
Dec 29, 2008 | 2:12 pm
#2
Join Date: Mar 2008
Posts: 440
ivk5
Dec 29, 2008 | 2:21 pm
#3
Join Date: Jun 2006
Location: Houston, TX
Posts: 166
I would guess not since I don't recall the "credit crunch" being there two years ago. It's more likely due to the changes in your personal finance or in Citi's online application approval algorithm. Congratulations anyhow.
Dec 29, 2008 | 2:36 pm
#4
Join Date: Jul 2005
Location: Washington, D.C.
Programs: AA PLT (MM), UA 1K, Marriott Ti, IHG Diamond
Posts: 952
I recently saw another post like this... I think what it means is citi is starting to approve more applications online so they can lay-off a few thousand of those people that call you up just to say "you've been approved".
Dec 29, 2008 | 3:54 pm
#5
Original Poster
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
They realized by tightening their credit card divison belt does not help them much in earning money. Tightening home mortgage belts makes sense though.
Dec 29, 2008 | 7:50 pm
#7
Original Poster
Join Date: Jan 2006
Location: ELP
Programs: AA EXP/LT PLAT, Marriott Titanium/LT PLAT
Posts: 4,140
I have a feeling why this happened because I have stopped doing anything with my credit score when it dropped like a ball in SEPT 2008o approx 600. It is back to 800+ so maybe that is why the instant aprovals.
I am just happy that I do not need to go thru the "more info needed" letter route.
Dec 30, 2008 | 8:47 am
#8
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 26,113
I used to always get calls asking if I wanted to move credit. The past 2 cards (apps in late Nov/early Dec) I got $3k or so without asking (and without them moving anything). The first one I got an email confirmation of approval, the second no email. In both cases, the cards took several days longer to get to me (on the Left Coast) than before.
Both of these changes (no calls, and longer mailing times) smell of staff cutbacks to me...
Both of these changes (no calls, and longer mailing times) smell of staff cutbacks to me...