topic Re: Citi DC stingy limit in Credit Card Approvals

Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 16:34:27 GMT

I have heard a lot of people say on here that when they applied for the Citi Double Cash, they recieved a low limit and higher APR than most of their other cards.

The same thing has happened to me! I recently got the DC with a stingy $1000 limit, and 22.9% APR. I called and reconned, there's nothing they can do, no CLI and no APR reduction. I don't care too terribly much about the APR because I was going to pay in full anyway, to maximize the cash back, but it is still insulting. First of all, the limit is by far my lowest, my score is around 720 and although that's not "excellent' I also don't think they should only be giving me $1000 with that kind of APR. All of my other APRs are at least below 19.99%.

I have a sockdrawered Quicksilver that I was going to close, but at least that one has a $3000 limit. Unfortunately as nice as the Double Cash seems, it seems like it is useless to me and I am wondering if I should just close it out. I know that is not likely to be recommended, but if I even charge $300 I am over where I should be for util on the card, making it basically useless. Yes, I could wait for a CLI, but if I wait 6 months and just apply again later, they'd probably give me better terms anyway, no? I imagine they gave me this because I've had a few apps recently.

Any good advice? The QS is a little bit less cash back, but at least I can actually use the card. Plus, with the QS, I don't feel the stress to have to always PIF. With the DC if you don't PIF you aren't really getting the full benefit of the cash back, at least not immediately.

So torn!

Re: Citi DC stingy limit

1GaDawg85 — Mon, 15 Dec 2014 16:38:14 GMT

What was their reason for the limit/APR?

Re: Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 16:38:57 GMT

As far as I understood, too many recent inquiries, which I kind of figured since I had gone a little overboard with apps lately. Sigh

Re: Citi DC stingy limit

1GaDawg85 — Mon, 15 Dec 2014 16:41:19 GMT

Let it hang out and age then, put small stuff on it to keep it active

Re: Citi DC stingy limit

Anonymous — Mon, 15 Dec 2014 17:24:01 GMT

They gave me a $1500 limit and from reading on here, I plan to request a CLI when I go online to activate the card. Apparently, depending on the CLI, it can be a HP or a SP. YMMV. I should have the card in a few days so we will see.

Re: Citi DC stingy limit

JustinS — Mon, 15 Dec 2014 17:33:49 GMT

@kdm31091 wrote:
I have heard a lot of people say on here that when they applied for the Citi Double Cash, they recieved a low limit and higher APR than most of their other cards.

The same thing has happened to me! I recently got the DC with a stingy $1000 limit, and 22.9% APR. I called and reconned, there's nothing they can do, no CLI and no APR reduction. I don't care too terribly much about the APR because I was going to pay in full anyway, to maximize the cash back, but it is still insulting. First of all, the limit is by far my lowest, my score is around 720 and although that's not "excellent' I also don't think they should only be giving me $1000 with that kind of APR. All of my other APRs are at least below 19.99%.

I have a sockdrawered Quicksilver that I was going to close, but at least that one has a $3000 limit. Unfortunately as nice as the Double Cash seems, it seems like it is useless to me and I am wondering if I should just close it out. I know that is not likely to be recommended, but if I even charge $300 I am over where I should be for util on the card, making it basically useless. Yes, I could wait for a CLI, but if I wait 6 months and just apply again later, they'd probably give me better terms anyway, no? I imagine they gave me this because I've had a few apps recently.

Any good advice? The QS is a little bit less cash back, but at least I can actually use the card. Plus, with the QS, I don't feel the stress to have to always PIF. With the DC if you don't PIF you aren't really getting the full benefit of the cash back, at least not immediately.

So torn!

Mine came with only $2500 initial CL. Ended up needing to deal with their EO who reviewed and was able to get it up to 10k.

Re: Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 17:36:17 GMT

Maybe I will try their EO, since all I spoke to were the regular CSR's.

Anyone have the contact info for the Citi EO? (You can PM it to me)

Re: Citi DC stingy limit

1GaDawg85 — Mon, 15 Dec 2014 17:40:34 GMT

The back door thread is your friend

Re: Citi DC stingy limit

Anonymous — Mon, 15 Dec 2014 17:49:16 GMT

@kdm31091 wrote:
As far as I understood, too many recent inquiries, which I kind of figured since I had gone a little overboard with apps lately. Sigh

If I can ask,how many inquiries did you have at the time you applied?

Re: Citi DC stingy limit

Anonymous — Mon, 15 Dec 2014 17:52:27 GMT

The limit is a little stingy relative to your other cards, but not far from what I would have expected. Use it sparingly for 6 months to a year, then apply for a CLI. I put my cable and cellphone bills on it.

Re: Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 18:00:58 GMT

I think total inquiries I had were 8, not all of them were recent but yeah. Need to stop apping, haha. I am planning on not apping for anything in 2015.

It's just so hard not to!! Lol

Re: Citi DC stingy limit

mongstradamus — Mon, 15 Dec 2014 18:04:02 GMT

@kdm31091 wrote:
I think total inquiries I had were 8, not all of them were recent but yeah. Need to stop apping, haha. I am planning on not apping for anything in 2015.

It's just so hard not to!! Lol

if you do try and recon for better limit i think its definately an HP, that is one of the reason i am wary of apping for that card.

Re: Citi DC stingy limit

toothgrind3r — Mon, 15 Dec 2014 18:04:12 GMT

Don't give up so fast, mine grew fast.

Got the Double Cash Sept. 7th, with a starting limit of $4500.

Been running about $1000 through it per month, paying in full.

A few weeks ago requested a CLI, asked for $15,000, approved for $15,000.

Re: Citi DC stingy limit

Anonymous — Mon, 15 Dec 2014 18:12:39 GMT

I agree with the others.

Use it for about six months and you should be able to request a SP CLI.

Re: Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 18:13:50 GMT

SP is good, I definitely do not want to risk a HP CLI, not with the amount of inquiries I already have.

I guess I can just run a couple bills through it for a few months and see what happens.

Re: Citi DC stingy limit

kdm31091 — Mon, 15 Dec 2014 19:21:06 GMT

So I contacted the EO and they actually helped me out! They raised me to $5K. I can actually use this card now. Yay!

Re: Citi DC stingy limit

BUN — Mon, 15 Dec 2014 19:26:08 GMT

Great recon! Congrats on the DC! It will be nice when I emerge from the garden and apply for this awesome card!

Re: Citi DC stingy limit

mongstradamus — Mon, 15 Dec 2014 19:35:47 GMT

@kdm31091 wrote:
SP is good, I definitely do not want to risk a HP CLI, not with the amount of inquiries I already have.

I guess I can just run a couple bills through it for a few months and see what happens.

Gratz on the SP CLI didn't think they did that!!! Sorry if this is an bit off topic but what did they pull for your app? I am wondering if citi will pull eq i may app for one of their cards an lot sooner :-) my eq score is about 40+ points higher than EX :-(

Re: Citi DC stingy limit

alvon123 — Mon, 15 Dec 2014 19:55:46 GMT

@kdm31091 wrote:
So I contacted the EO and they actually helped me out! They raised me to $5K. I can actually use this card now. Yay!

congrats

Re: Citi DC stingy limit

Anonymous — Mon, 15 Dec 2014 20:05:10 GMT

Congrats on the CLI!