So I just applied for the best buy credit card and got this message, " Thanks for your application. Please call Citibank N.A. using the numbers below to provide a few more details and receive a decision." So I called the number and provided the information. The representative said I just needed to verify my home address and phone number, so he sent a text to my phone and then told me "congratulations you're approved for the Citi Visa Credit Card with a starting limit of $4,000." I said thanks and hung up. Then my computer screen refreshed and it shows I was approved for the "best buy store card" and not the visa like I was told.
I'm not too upset about this, however I am confused. I tried calling best buy credit card customer service and they said that they only see I was approved. They said I'd have to go to a best buy store in person and see if it's actually the visa or just the store card version. And if it was the store card, I'd have to apply again for the visa version, but there's no guarantee I'd be approved for the upgrade. I was also told it could result in another hard pull on my credit report.
Has this happened to anyone else? I mean I didn't plan on spending the card outside of Best Buy, but I don't like being told I was approved for the visa when I apparently wasn't.
About 8 months ago i went to best buy to look for a new TV, Employee talked to me about 20min or so about the credit card so i decided to go for it i told him i had excellent credit i have never missed a single payment on all 3 of my credit cards and he pretty much guaranteed me i would get instantly approved and could walk out with the TV today and finance it. After he did the application he told me it was pending and i would get a response in the mail. Got the mail from citibank never even heard of them before to be honest and it said i got denied. Well today 8 months later i decided to give it another go after again being convinced by a employee.. same thing happened i was told it was pending which mostly means i will be shot down again. Does not make any sense since i have been approved for cards that are extremely hard to get. Realized on my way home i had made a mistake applying for the best buy card.. not dealing with these bafoons again !
Well, what did each letter say was the reason for denial? That should be pretty explanatory.
One thing citi in particular is picky about is recent inquiries. They will generally deny you for having 6 or more in the past 6 months. This applies not only to credit cards, so did you do anything like rate shop for a car or mortgage that would mean lots of inquiries lately?
It's also an auto deny if you have applied for another citi card in the past 8 days or 2 in the past 65 days.
There also could be something on your credit report bringing you down that you don't know about? Look it over carefully.
Lastly, just call their reconsideration line. Worst that can happen is they say no.
It could potentially be annual income. I’m 18 with a credit score of 730 when I applied. Got approved for 3000. I used my annual income combined with my parents income. Maybe if you apply again use the household income.
Would anyone know why this is? I am 19 (20 next month) so the only thing i could see is my age holding me back from the card.
Hello! I am 20 years old and I currently have a credit score of a 746 and that’s because of my car loan and because I have never missed a payment in my credit history thus far. I have had a credit line open for at least 8 months and make around 2-3k a month maybe more and have a car payment of $380 and is my only monthly payment, as I still live with my parents. I have a couple of grand saved up but I wanted to know if I did move out if I can get approved for the best buy card for the interest free financing. Besides my car loan, the only credit card I have is the discover student card and have an exceptional payment history. What are my approval odds?
UPDATE: I actually applied to the Amex Blue Cash Everyday card after posting this shortly after, and was approved. I waited three months until my score raised back up to 740 on my experian and I decided to apply in store. After the application was finished, I was approved for $2000 for the Best Buy Visa Credit Card. I put in for rent or own "own" gave a more than enough estimate of what I made, which was "$45,000" and was instantly approved. My highest account at the time was 11 months, so it is possible to get this card with less than one year of credit history. I do know of a coworker there at bestbuy that was approved for "$2000" with a 670 with "$40,000" and multiple hard inquiries this past year 5+.
Hello
Just was curious, is there really any reconsideration that could be done to get approved? I tried calling a phone number listed of Citi for reconsideration but the lady told me they don't do Best Buy Cards.
My credit history is 7 months but have a few cards in my profile, no late payments. I wasn't even given the option for a store card.
I am a little surprised because all you read and hear about is how store cards and store credit cards are easier to get than regular credit cards.
Any suggestions or help would be appreciated thanks.