Denied for a credit card!?! WTH!


I recently applied for a few credit cards, four to be exact.  The last card I applied for was the Citi ATT access more card. I figured it would be a shoe-in since I have never been denied for a Citi card in four years of collecting points and miles (and such).  The offer was tempting to me because I would’ve received a $650 statement credit from Citi after buying a qualifying AT&T smartphone and spending $2000 within the first 3 months of card ownership.

I submitted my application and it went to a “processing” status for a few seconds and then came back with a BIG, FAT, DENIAL!!!  I wasn’t prepared for that!  The only other time I have been denied for a credit card was about two years ago for a Barclays card.  Why did I get declined?  Too many recent inquiries!!! Funny thing is I hadn’t applied for a card in the prior 90-100 days and even then I only applied for three cards back in June.  I did apply for a car loan in July but I think that was a TransUnion credit pull which hardly is pulled by other companies for me personally.

So I guess I will be keeping my perfectly good iPhone 6 for another year until my contract runs out.  I was hoping to buy a 64GB iPhone 6s for $750 and get $650 credited back to me and then sell my unlocked iPhone 6 for around $400-$500.  In the end I would have had the newest iPhone and netted $300-$400 in cash from the sale of my old iPhone 6.  Alas it is not to be!!!! I could call the Citibank reconsideration line and try to plead my case or compose a letter to the Citibank Office of the President to do the same but I doubt I will fight for this one and just let it be.

This just goes to show not everything works out perfect all the time in this game we play!



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