Re: Luv button from Citi Appeared Today
12-02-2009 09:22 PM
This is the message that I immediately received:
We regret that we cannot approve your request for a Credit Line Increase at this time. Your request was processed by the credit record we have on file, as well as a credit scoring system, which assigns a numerical value to various items on your credit card account(s). Your credit score did not meet our requirements, because:
Please contact Customer Service at 1-800-347-4934 to check on the status of your request. From outside the U.S., call 605-335-2222.
Maybe I'm not charging enough on the card.
Might be. Citi likes to see a lot of usage. Don't get discouraged but don't expect a CLI unless you use the card. IF you haven't used the card much then do you really need a higher credit limit? Opened a lot of accounts within the past year? Judging by your scores Citi obviously cannot be using your FICO so their internal model won't approve you yet. So in short I would use the card or be prepared to wait some time for another 1000-1400 in additional available on this card.
If Citi used the same report on file that got me approved for a $4000 CL, I'm not understanding why it's not high enough for a CLI. Their reason for not granting an increase is bogus.Message Edited by DI on 12-02-2009 10:48 PM
Citi used the same report but it seems they used their own internal scoring system for your CLI request. Just use the card more. That's why I blew out my bs lines. I couldn't use all the cards I had so I closed all but the ones I really wanted to keep. With 4 cards and my trusty Walmart plastic everybody gets plenty of usage and I have enough choice to keep a few zero balances every month. I don't miss any of 'em.