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Regular Contributor
Posts: 181
Registered: ‎08-09-2012
0

Time to Request a CL increase?

Just wondering if I should request a credit limit increase on my Citi Forward card. Opened the account in '09 when I was a student (originally an MTVU card) and have never missed a payment and always paid in full. Opened a Citi Dividends World MasterCard last year and haven't missed a payment on that either. Never have asked for a limit increase and never have received one.

Forward: $4k CL
Dividends WMC: $4.2k limit
Income: $55k
Current utilization: ~ 25%, but will be under 10% in two months

My only other card is an AmEx Zync NPSL I just opened.

Am I fine as is or should I request an increase? I feel like my current salary warrants a higher CL, but really have no need for it aside from the peace of mind that were I to use one of the cards for a big purchase, my utilization wouldn't shoot through the roof (like it did when I bought a new laptop a couple weeks ago).

My TU FICO is a 706, mainly because of my poor utilization. What if analysis says it would go up to 739-779 range if my balance on my revolvers were paid off. AAoA of about 2.5 years, with 2 revolvers, 1 charge, 1 car loan, and student loans (listed as 5 separate installment accounts). 0 hard pulls on TU, but 6 on Equifax (apartment, cable company, car loan, etc - all setting up for life after school). No missed payments or baddies.

Any advice would be appreciated. Thanks.



What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Established Contributor
Posts: 657
Registered: ‎06-27-2012
0

Re: Time to Request a CL increase?

Just got my Forward card few months ago cause I thought was SP.  Seen on here recently that Citi is doing HP's.  Don't know who to believe can any1 chime in?  If it's an SP go 4 it.  If hard get your ti down to under 10% first.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Regular Contributor
Posts: 138
Registered: ‎11-11-2011
0

Re: Time to Request a CL increase?


migliogiorni wrote:

Just got my Forward card few months ago cause I thought was SP.  Seen on here recently that Citi is doing HP's.  Don't know who to believe can any1 chime in?  If it's an SP go 4 it.  If hard get your ti down to under 10% first.

 


I requested a cli in June at my 6-month date via online (for citi dividend) and was approved with a SP. It indicated immediately that they did NOT pull my CR.


Starting Score: April 2011- EX FAKO 639, EQ FAKO 645, TU98 FICO 665
Current Score: Jan 2013- EQ FICO 746, EX FICO is the best kept secret in the world, I guess, TU FICO ???, Vantage 790
Goal Score: 760 by years' end. I didn't make the 760 club in 2013 but I'm pounding down the door in 2014.


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