Users' questions

Why was my credit score denied for a Citi card?

Why was my credit score denied for a Citi card?

Both issues have been roadblocks for Jaimyn Chang, a search engine optimization expert from Raleigh, North Carolina. Chang said he was once turned down for a new Citi card despite having a credit score of 750. “They cited my limited credit history and high balances as deciding factors,” Chang said.

What to do if your bank account is closed?

An account closure is inconvenient to say the least and it has the potential to impact your ability to get a new account with a different bank. If you’ve gotten a Dear John letter from your bank, taking steps to minimize the damage can make it easier to move your money to another financial institution. 1. Understand Why the Account Was Closed

What happens if you ignore a negative bank account?

At that point, the negative account will show up on your credit report which can seriously drag down your score. If you simply ignore the overdraft, there are a couple of things that can happen. One, the collection agency will continue piling interest, fees and penalties on top of the original balance.

Can a bank close your account based on race?

There are laws in place that prevent banks from closing accounts based on things like race, but if you are a poor customer and your account goes delinquent, then it can close your account. Usually, this only happens after your account has been negative for a set number of days, and you should have received notices from the bank about the issues.

How can I Close my Citibank account in India?

You can do it in following 3 ways: 1 ) Easiest way is to call up Citibank call center from your registered mobile number (you can get the number from Citibank India’s site) and inform the staff that you want to close the account. They will ask some verification details post which they will initiate closure of your account.

How often can a Citi bank account be closed?

Every lender has a policy on how long before an account goes inactive and is closed but the general advice here is a small purchase at least every 6 months to a 1 year if you want to keep the account open. Lenders can close your account for inactivity, or basically any reason, whenever they want.

When to reactivate a closed Citibank credit card?

Request to reactivate a closed Citibank credit card can be raised if the Citibank cardholder cancels the card by himself/herself. However, the request to re-active the card will be processed as per Citibank’s internal policies and the decision to approve or reject the request is at the sole discretion of the bank.

Is there a negative balance on Citibank Savings Account?

Account does not have negative balance. There is no active tax saver deposits, DMF, Demat account linked to the savings account. There are no funds blocked on the account. You can continue using your linked credit card (if any) post closure of your account.