I hate but understand 5/24 and currently I am under it. What I don’t understand is why Citi rejected me for the Premier card. Here are the reasons given:
- Your credit report shows a high amount of unused credit compared to your available credit lines.
- Your credit report shows too many bank or national revolving accounts.
I called recon and it wasn’t like the old days. I was told that nothing could be done. The rep stated contradictory reasons that gave me no hope that I will be approved in the future. On the one hand, I have too much available credit, and on the other hand I was told that I close cards too frequently. Am I supposed to call each bank and lower my credit line for existing accounts? Perhaps that would alleviate concern #1. But concern #2 and the reason listed in the rejection letter are polar opposites.
I am stuck with 240k TY points that can’t be used until Citi sees the good in me.