08-20-2013 07:39 AM - edited 08-21-2013 08:35 AM
Total credit line : 22,800.00
Experian: 713 (had kohls go to collection yr ago due to forgotten balance that paid immediately after notification).
Highest CL: Citi Forward: 8200
Most recent card (one year ago): Bank of america (5000)
Other cards: Discover student (2000) / Chase Freedom (4500) / Bank of America (5000) / Capital one (authorized user 3000)
Store cards: Kohls/Macys/Bestbuy
Utilization ~ 13% (according credit karma).
Why did i get such a low CL for Diamond?
08-20-2013 05:55 PM
Utilization is pretty low i think. According to Credit Karma, 13%
Basically used balanced transfer on bofa up to limit (5k) and then mainly using student discover for day-day expenses (1.5k/month) and sporadic store card
Thank you for welcome. I recently discovered this forum and am trying to use it to develop my credit more effectively than i have reasonably done (given that i'm 22 yrs old
08-20-2013 05:59 PM
08-21-2013 04:12 AM - edited 08-21-2013 08:37 AM
I applied DIamond got it for 4k. I thought i would recieve a higher limit.....what happened?
08-21-2013 12:14 PM
There are many possible reasons.
1. You have reached the max threshold for amount of credit that Citi is willing to extend to you. This cap changes over time, depending on your account history and income.
2. Citi feels that you have enough credit with them, or overall, for your income level.
3. Any other recent inquiries, derogs, or whatever changes that you have on file, if any.
08-21-2013 05:48 PM
Those reasons make a lot of sense to me, also it seems, there are ways to drive up a limit fairly quickly. Thanks for your concise response.
08-21-2013 09:25 PM