"704 FICO Score And Denied!"
The Home Depot® Credit Card Review
Written by: dalida on 2011-04-02
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dalida's review: 
I wanted that card! I am trying to build retail credit so I got approved Macys, Victoria's Secret and also Bank of America signature super rewards card, but this one and the staples one, I got denied!
My FICO score is not awesome, because I am just starting, but still I have 704, 699, 702.
Surprising considering I have a never late payment history, nothing bad basically.
I read somewhere else that because I got accepted the Macys card, I cannot be accepted more than 2 cards in 60 days. And it's true I started with the Macys one...
I wanted that card! I am trying to build retail credit so I got approved Macys, Victoria's Secret and also Bank of America signature super rewards card, but this one and the staples one, I got denied! My FICO score is not awesome, because I am just starting, but still I have 704, 699, 702.
Surprising considering I have a never late payment history, nothing bad basically.
I read somewhere else that because I got accepted the Macys card, I cannot be accepted more than 2 cards in 60 days. And it's true I started with the Macys one...
2 Comments
Comment 1 by wanderer
Re: 704 FICO Score And Denied! 
on 2011-04-02
Hmm... Citi is being resized after the major financial meltdown. In the forum you will find a discussion on what is happening. It seems Citi is closing on a sale of their retail card base to GE Capital (Money Bank). Part of the break up of Citi. Seems they close aroiound the 1st of April 2011. You could have gotten caught in the change over.
on 2011-04-02 Hmm... Citi is being resized after the major financial meltdown. In the forum you will find a discussion on what is happening. It seems Citi is closing on a sale of their retail card base to GE Capital (Money Bank). Part of the break up of Citi. Seems they close aroiound the 1st of April 2011. You could have gotten caught in the change over.
Comment 2 by colonative
Re: 704 FICO Score And Denied! on 2011-04-05
So you opened a Macy's VS and a BofA Visa Signature (with no reporting credit line) recently? How much time between each app?
When consumers apply for too much credit in a short amount of time, red flags go off with the creditors because it is seen as risk. This is known as bustout fraud. People will open several new credit cards, charge them up and then stop paying or simply never pay. This is especially true if you reside in Southern California where such crime runs rampant.
A credit score only goes so far. You have to be mindful of inquiries, length of credit and length of time in between applications.
on 2011-04-05 So you opened a Macy's VS and a BofA Visa Signature (with no reporting credit line) recently? How much time between each app?When consumers apply for too much credit in a short amount of time, red flags go off with the creditors because it is seen as risk. This is known as bustout fraud. People will open several new credit cards, charge them up and then stop paying or simply never pay. This is especially true if you reside in Southern California where such crime runs rampant.
A credit score only goes so far. You have to be mindful of inquiries, length of credit and length of time in between applications.
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Disclaimer: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citibank. Review content is powered by Finance Globe.
