Citi is definetly not in your game
Well, it didn't work for me. My Citi DC is over a year old. The limit is way below my other cards, but I use it because of the 2% for every purchase. Many times have to pay off more than once during the month, but my usage percentage is always way up there. I asked for a CI after 7 months of having the card which was denied. When I asked them to reconsider and explained I had a perfect payment record with them as well as my other credit cards and that I utilized the card a lot. They gave me a $400 increase - as if that is going to help utilization. I am going to wait until until June or July of 2018 ask for a CLI again. The card will be close to 2 years old then. If I knew of another 2% card I could qualify for, I would apply for it. The funny thing is I have another credit card with Citi that is much higher and I have never been late with a payment. It is a Costco, so I understand they are not allowed to transfer any of those funds to the Double Cash.
@Anonymous wrote:
@Anonymous wrote:Weird. As much as I dislike Citibank, they are the best of all my cards in posting payments immediately. I have made multiple payments in the past and did not experience any issues other than they limited me after 3 or 4 (can't remember) in a single billing cycle.
How large was your balance compared to your credit line? Was the payment very large and close to the credit line? I do not think I worded that correctly....let me try this...lets say you have a $10,000 limit and you had a $9,975 balance and you made $9,900 worth of payments during the billing cycle. I could see why a creditor would do this; especially if you live in SoCal. I worked for a Visa bank many years ago and we had unscrupulous "customers" that liked to check kite; they would charge up their card and then sent a check payment in full or make a phone payment in full. The bank being foolishly trusting, would free up their available credit line. Those "customers" would then charge up their card again to the full credit line. A few days later the payment would be returned NSF and the "customer" would bail. This was really prevalent in Southern California (surprise, surprise).
I did a bit of looking closer at the original post, and I see in the OPs signature that the CL is $800. The OP said their app showed $21 of available credit, so it must have been a payment that was almost the total amount of their CL.
I think you are totally on point, they are probably just instituting measures to protect themselves, and I think that would be totally reasonable. My guess is that once the OP builds up some reasonable payment history with Citi, or at least a record of making sizable valid payments, they would put that practice to bed.
Ohhhhh good catch! I didn't even see that 