topic Re: Citi 6 Month CLI in Credit Cards

Citi 6 Month CLI

EaglesFan2006 — Wed, 14 Nov 2012 22:23:53 GMT

In early December, it will mark 6 months since I opened my Citi card. I am anxious to make use of the much-discussed Luv buttons, and was hoping to get some advice. My payment is due December 2, so I'm going to wait until the new statement generates a few days later before trying it. Is that the right strategy?

Also, I'm nervous about the amount to request. My current CLI is $1900, so is it reasonable to ask for an increase of $1500? If you ask for something too hgh, will they automatically decline or will they counter with something else?

Re: Citi 6 Month CLI

Chaos122 — Thu, 15 Nov 2012 03:37:51 GMT

requested an increase on my 7th month, requested 2k increase and was counteroffered with a 1k increase without a hard pull, brought my total line from 4k up to 5k.

Good luck to you, I love Citi

Re: Citi 6 Month CLI

scientifics — Thu, 15 Nov 2012 13:33:26 GMT

I would definately wait until after you make your payment. And if you request too high, they will counter. If you are worried about it turning into a HP, call rather than do it on the website and make sure you make it clear to the CSR that you don't want a HP.

Re: Citi 6 Month CLI

jm00ser — Thu, 15 Nov 2012 13:50:29 GMT

I've had 2 LUV button experiences with them! They are usually soft pulls. I would shoot high (not super high) because the system always has counteroffered me. If you accept the counteroffer its a SP, but if you REALLY want your desired CLI, then it requires further review and is a HP. I feel their automated system is pretty generous. My CL shot up decently quick. Due for another LUV button tangle in a month or so :D

Re: Citi 6 Month CLI

heytherehitherehothere — Thu, 15 Nov 2012 16:37:56 GMT

EaglesFan2006,

I'm pretty much just like you with my Citi Simplicity. My 6th month is early December since I got the card right before June. My CL is 1600 and I am wanting to get to 4k, but am weary to ask.
I would like to know if it'd be best to do it online or call and explain I want the 2400 increase for a balance transfer offer I have. I wouldn't mind if they counter offer, but does anyone know how to best request a larger amount like that for a CLI?

Re: Citi 6 Month CLI

EaglesFan2006 — Thu, 15 Nov 2012 17:06:19 GMT

After reading above, another question...is the standard Citi Six Month Luv Button thing six months after your account was opened, or your sixth billing cycle?

Also, I've noticed that they redesigned their website...hopefully the luv button will sill appear there.

Re: Citi 6 Month CLI

heytherehitherehothere — Thu, 15 Nov 2012 17:49:44 GMT

Log in and under "Benefits and Services" on your options bar at top, and once it loads you will see Request a Credit Line Increase under the Services and Requests section. I have yet to click it because I don't know that by clicking I would screw up any chances for getting one.
What happens when you click it? Does it ask for what amount you want or does it automatically just say denied or approved for whatever amount?

Re: Citi 6 Month CLI

jm00ser — Thu, 15 Nov 2012 18:38:27 GMT

Asks for Income and amount, and asks to authorize them to check your report. It is only a soft pull. One poster mentioned they wanted a CLI for PT purposes. In this case I'd call and (hopefully) get someone who can help you, might be more lenient with that reason in mind.

Re: Citi 6 Month CLI

Xtina0508 — Thu, 15 Nov 2012 19:32:31 GMT

CLI requests are accepted after the 6th statement cuts, correct? I opened my card in early June, so I've had statements dated 6/20, 7/20, 8/20, 9/20/,10/20. Does that mean that once I receive the 11/20 statement, I'm good to go? :)

Re: Citi 6 Month CLI

EaglesFan2006 — Thu, 15 Nov 2012 20:01:14 GMT

Xtina0508 wrote:
CLI requests are accepted after the 6th statement cuts, correct? I opened my card in early June, so I've had statements dated 6/20, 7/20, 8/20, 9/20/,10/20. Does that mean that once I receive the 11/20 statement, I'm good to go? :)

I opened mine in early June too, though I didn't get a statement for that month. When my statement generates in early December, that will be the 6-month mark since opening my account, so i'm hoping that's the time!

I also heard Chase has been doing auto CLI lately, and they don't have the Luv Button thing like Citi. When a CC does an auto CLI, do they do it when the new statement generates or at random times throughout the month?

Re: Citi 6 Month CLI

Cadillac-XTS — Thu, 15 Nov 2012 20:03:03 GMT

Congrats

Re: Citi 6 Month CLI

DarkScythe — Fri, 16 Nov 2012 01:11:08 GMT

jm00ser wrote:
Asks for Income and amount, and asks to authorize them to check your report. It is only a soft pull. One poster mentioned they wanted a CLI for PT purposes. In this case I'd call and (hopefully) get someone who can help you, might be more lenient with that reason in mind.

Is this gauranteed to be a soft pull all the time, assuming you go with the counter offer?

I've gotten conflicting information about Citi's Luv button when I was doing searches over the past few months, so I was hesitant on trying it out.

Some people say it would show you an auto-CLI amount if you were eligible before you entered any information.

Basically, entering information in this CLI form will not result in a hard pull unless you push for the max CL, is that correct?

Re: Citi 6 Month CLI

EaglesFan2006 — Sat, 17 Nov 2012 16:51:46 GMT

So I see the "Request CLI" form on the Citi website where it asks for your income, etc. However, I'm not at the 6 month mark quiet yet. I actually remember seeing this same form under Customer Service on the website before the re-design. I haven't submitted this form since I think it would qualify as a hard pull. So what I'm asking is, when the six month mark does come, does the luv button appear somewhere else? Will this form look otherwise different?

Re: Citi 6 Month CLI

JusdoNit — Sat, 17 Nov 2012 17:04:35 GMT

congrats

Re: Citi 6 Month CLI

trumpet-205 — Sat, 17 Nov 2012 17:49:20 GMT

EaglesFan2006 wrote:
So I see the "Request CLI" form on the Citi website where it asks for your income, etc. However, I'm not at the 6 month mark quiet yet. I actually remember seeing this same form under Customer Service on the website before the re-design. I haven't submitted this form since I think it would qualify as a hard pull. So what I'm asking is, when the six month mark does come, does the luv button appear somewhere else? Will this form look otherwise different?

You can fill out the form before 6 month mark, but you will get automatic denial once you submitted the form.

Re: Citi 6 Month CLI

jwduke — Sat, 17 Nov 2012 22:47:25 GMT

Interesting, I read this post, and thought what the heck! I have a $7,000 CL. Well I hit the request a CLI , and asked for for a $3000 CLI, heres the answer I received-

Dear edited

Congratulations! We are pleased to approve your request for a higher credit limit on your account. Your new credit limit is $10000 and is already available for your use.

If you have any further questions about your account, please call us at 1-800-950-5114 or visit Account Online at www.citicards.com.

We value you as a customer and appreciate the opportunity to serve your financial needs.

Sincerely,

Credit Management

Please note, you will also receive this notice online or in the mail.

I nearly fell out of my chair! Thanks, to the OP for posting this!!!

Re: Citi 6 Month CLI

EaglesFan2006 — Sat, 17 Nov 2012 18:02:12 GMT

Congrats! How long did you have the card open?

Also, does the form look any different at the 6 month mark?

Re: Citi 6 Month CLI

DarkScythe — Sat, 17 Nov 2012 18:03:43 GMT

DarkScythe wrote:
Is this gauranteed to be a soft pull all the time, assuming you go with the counter offer?
I've gotten conflicting information about Citi's Luv button when I was doing searches over the past few months, so I was hesitant on trying it out.
Some people say it would show you an auto-CLI amount if you were eligible before you entered any information.

Basically, entering information in this CLI form will not result in a hard pull unless you push for the max CL, is that correct?

Well, I guess no one can or wants to answer this, so I will answer this for anyone else who has the same question..

I just tried it out, against my better judgement, and was immediately denied with no counter offer, and it looks like they may have pulled EQ.. :(

So, it doesn't seem to be a guaranteed soft pull on this form.

Re: Citi 6 Month CLI

trumpet-205 — Sat, 17 Nov 2012 18:04:08 GMT

EaglesFan2006 wrote:
Also, does the form look any different at the 6 month mark?

Form have always been the same. I filled out that form about 5 times now.

Re: Citi 6 Month CLI

jwduke — Sat, 17 Nov 2012 18:05:17 GMT

EaglesFan2006 wrote:
Congrats! How long did you have the card open?

Also, does the form look any different at the 6 month mark?

Mine has been open for 10 months.....I didn't really notica any difference. I think it took Citi 30 minutes to approve...Wonder how Chase is for CLI'S?