Author Topic: Citi AA M/C application denied "max cards allowed 5"  (Read 2287 times)

Offline menashe

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Citi AA M/C application denied "max cards allowed 5"
« on: November 02, 2009, 12:24:12 AM »
I asked this question in the comments under Dan's post of his October deals, and Dan asked we move thediscussion here. So I am hoping someone can get me an answer. Thanks

I currently have 5 citi m/c card. 1 bronze and 4 platinums. I tried consolidating them but they told me that due to the new cc laws, they dont know how it will apply to this, so for now I can do it. I dont want to close cards as I dont want to lose the credit, So I applied for another one, just to get the bonus miles, and they told me that I have the maximum number of cards allowed. Dan, did you ever have such a thing? is it indeed so? or dont they know what theyre talking about?

Offline fest

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #1 on: November 02, 2009, 12:33:58 AM »
it is a real ymmv nowadays-and ppl have been declined on this basis for having 2 cards(yes two cards).its getting harder and harder,of course my recomendation to everyone is to cancel/transfer balances to their oldest accts........but YMMV is a very imp. word to know with citi in general

Offline moish

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #2 on: November 02, 2009, 02:05:29 AM »
it is a real ymmv nowadays-and ppl have been declined on this basis for having 2 cards(yes two cards).its getting harder and harder,of course my recomendation to everyone is to cancel/transfer balances to their oldest accts........but YMMV is a very imp. word to know with citi in general
why the oldest accounts? wouldnt it make sense to transfer to the newest ones in order to avoid the yearly fee?

Offline fest

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #3 on: November 02, 2009, 07:50:03 AM »
yeah-i guess if you are not worried about having it for credit reports purposes,then you r right-i anyways get the fee waived!!!(undisclosed info.)

Offline moish

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #4 on: November 02, 2009, 09:05:09 AM »
yeah-i guess if you are not worried about having it for credit reports purposes,then you r right-i anyways get the fee waived!!!(undisclosed info.)
what do you mean by credit reports purposes?

Offline Dan

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #5 on: November 02, 2009, 11:25:29 AM »
what do you mean by credit reports purposes?
Part of your credit score is counted by how old your oldest account is.
If you have only had a credit account for a year it's hard to judge how creditworthy you are, but if it is 10 years old then it's far easier to determine your creditworthiness.

Another factor is how old your average account it.

Some people believe that if you cancel your oldest account then your score will go down.
In fact accounts stay on your credit report for years after they are canceled, so it shouldn't affect the score until years into the future which by then you'll have other older accounts...

I always try to get out of the annual fee of otherwise cancel accounts with annual fees or convert them into no-annual fee cards.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline moish

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #6 on: November 02, 2009, 01:28:34 PM »
dan, in the past youve written that you should merge cards together. however you just downgraded a card to the hilton one. why?

Offline Dan

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #7 on: November 02, 2009, 07:29:09 PM »
dan, in the past youve written that you should merge cards together. however you just downgraded a card to the hilton one. why?
I wanted to book a Hilton Elite only reward.
Having the card gets you Silver status, and there's no annual fee.
Plus this way I didn't have to apply for the card.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline moish

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Re: Citi AA M/C application denied "max cards allowed 5"
« Reply #8 on: November 03, 2009, 02:07:03 AM »
do you have a link to that card where i can view the benefits?