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Is there any reason to deny a CLI that is offered to you?

Regular Contributor

Is there any reason to deny a CLI that is offered to you?

I just asked if Citi could increase the limit on my student account since I have graduated and am now employed earning income. The rep asked what kind of increase I wanted and I said, I dunno... 5k? Whatever you can do without a hard pull. He asked all of his questions (income, etc.) and came back with 3,300. He said I might get the 5k if I let them do the hard pull but that was the best he could do with a SP. He said it was up to me if I wanted to take it...

An increase is an increase, right? Is there any reason I would not want to take it?

Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Message 1 of 6
5 REPLIES
Regular Contributor

Re: Is there any reason to deny a CLI that is offered to you?

(original was 2k, opened about 7 months ago)

Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Message 2 of 6
Moderator Emerita

Re: Is there any reason to deny a CLI that is offered to you?

Message 3 of 6
Moderator

Re: Is there any reason to deny a CLI that is offered to you?

Def take it.  Any time you can avoid a HP for an increase is a good thing.

Message 4 of 6
Senior Contributor

Re: Is there any reason to deny a CLI that is offered to you?


loviedovie wrote:
Is there any reason I would not want to take it?

That's really something you'd have to tell us.  Why did you want the CLI?

 

The only reason I can think of is if someone knows that they can't manage the additional credit.

Message 5 of 6
Super Contributor

Re: Is there any reason to deny a CLI that is offered to you?

Another reason not to take it might be if you expected your income to rise a lot in the near future (I know it just has) and if the issuer has a limit on how often you can get a CLI, taking one now may mean a delay in getting the big one you want.  But even then a smaller increase for longer might be worth it, so yes, take it!

Message 6 of 6