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.
Best Buy Credit Card Approval? - myFICO® Forums - 6695886
Best Buy Credit Card Approval?
Best Buy Credit Application Decision - myFICO® Forums - 6140191
Cannot get approved for the best buy credit card with excellent credit what the heck?
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.
More on reddit.comSo 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.