topic CITI Credit Line Increase in Credit Card Approvals

CITI Credit Line Increase

mnavas — Mon, 13 Jan 2014 01:38:21 GMT

Yesterday, i was kind of bored at home and started to check all my credit accounts online and once i logged onto my citi account and checked everything was alright and i started exploring all the options my Citi card has on the online profile and then i ran into the "Credit Line Increase" option so i felt so tempted on summtting a request for an increase (I opened this account last year so it's about a year old) and i gotta confess i couldn't resist this desire so i filled out the form thinking that Citi can either approve my request with a SP or HP. when i saw this message: By submitting this request you're authorizing Citibank to check your credit history I tried to stop and cancel this but i couldn't so I requested $1,500 more to up my CL to $6000 and hit submit i was so nervous when i submitted the request and unfortunally the screen came back with the following:

"Your CLI request has been forwarded to the credit department and you'll recieve an e-mail in 24 hours"

I knew that meant they needed to pull a CR to approve or denied my request.

I was really hoping i was going to get a SP approval or Instant approval and i didn't really want another HP on my reports, i started to call CITI: regular customer number, Retencion Department. IT department and every single number i could find to cancel this request and avoid the HP but unfortunaly all the CSRs said once you submit a CLI request online you can't cancel it

The good news is that i received the e-mail from CITI this morning congatulating me and informing me that my request has been APPROVED for the whole amount requested ($1,500) so now my new CL is $6,000 but yeah i now have another Hard inquiry from CITI on EXP. I felt happy when a saw the appoval e-mail because i got the increase but i also felt bad because it wasn't appoved via SP and I kind of regret that i didn't request more and sort of wonder myself if the hard inquiry was worth it

I'm going to believe it was but still another hard inquiry is showing up on EXP and hopefully this won't affect my chances of getting a CLI on my AMEX blue in February

Re: CITI Credit Line Increase

Anonymous — Mon, 13 Jan 2014 01:41:08 GMT

Every 6 months with them I have always had a soft pull for a CLI I ask for an amount and the system comes back with an amount they will approve me for!

Re: CITI Credit Line Increase

mnavas — Mon, 13 Jan 2014 01:43:33 GMT

@Anonymous wrote:
Every 6 months with them I have always had a soft pull for a CLI I ask for an amount and the system comes back with an amount they will approve me for!

Lucky you!!! Yeah i was expecting an approval from them with a SP considering the fact that this is the first request i do since i opened this account

Re: CITI Credit Line Increase

Anonymous — Mon, 13 Jan 2014 01:46:59 GMT

Yes that's the same thing that happened to me but I would wait 6 months from today and ask again. I have 2 citi cards I request a CLI on have about 14k between them when I started it was 4k about 2 years ago

Re: CITI Credit Line Increase

coldnmn — Mon, 13 Jan 2014 01:47:27 GMT

Congrats! Thanks for sharing.

Re: CITI Credit Line Increase

CreditMagic7 — Mon, 13 Jan 2014 01:50:57 GMT

Good info and thanks for sharing. Gonna give that a try in April '14

Re: CITI Credit Line Increase

baller4life — Mon, 13 Jan 2014 01:53:00 GMT

Congrats!

Re: CITI Credit Line Increase

myjourney — Mon, 13 Jan 2014 01:53:29 GMT

Congrats

Re: CITI Credit Line Increase

Anonymous — Mon, 13 Jan 2014 01:54:03 GMT

@Anonymous wrote:
Yes that's the same thing that happened to me but I would wait 6 months from today and ask again. I have 2 citi cards I request a CLI on have about 14k between them when I started it was 4k about 2 years ago

Citi is very much YMMV. Some seem to get soft CLI, many of us don't. However, by calling instead of doing it online, you can usually be told if a soft offer is available, and if there isn't, you can then decide, knowing it will be a HP.

Re: CITI Credit Line Increase

gdale6 — Mon, 13 Jan 2014 02:06:21 GMT

Congrats on your CLI:

You can always cancel a request prior to hitting the submit button by just closing the browser window, it is an automatic disconnect and gets canceled as an incompete app.

Re: CITI Credit Line Increase

FinStar — Mon, 13 Jan 2014 04:23:48 GMT

@Anonymous wrote:
@Anonymous wrote:
Yes that's the same thing that happened to me but I would wait 6 months from today and ask again. I have 2 citi cards I request a CLI on have about 14k between them when I started it was 4k about 2 years ago
Citi is very much YMMV. Some seem to get soft CLI, many of us don't. However, by calling instead of doing it online, you can usually be told if a soft offer is available, and if there isn't, you can then decide, knowing it will be a HP.

At the end of the day OP, you got the CLI. So, lesson learned it could go either way depending on whether your account is elegible.

Re: CITI Credit Line Increase

mnavas — Mon, 13 Jan 2014 07:29:12 GMT

@FinStar wrote:
@Anonymous wrote:
@Anonymous wrote:
Yes that's the same thing that happened to me but I would wait 6 months from today and ask again. I have 2 citi cards I request a CLI on have about 14k between them when I started it was 4k about 2 years ago
Citi is very much YMMV. Some seem to get soft CLI, many of us don't. However, by calling instead of doing it online, you can usually be told if a soft offer is available, and if there isn't, you can then decide, knowing it will be a HP.
+1

At the end of the day OP, you got the CLI. So, lesson learned it could go either way depending on whether your account is elegible.

Yeah i guess i'll call the next time i ask for a CLI for my CITI card. The only problem i see about calling is that some CSRs are clueless and don't really know the difference between HP and SP and they end up not giving a decent answer about it

Re: CITI Credit Line Increase

Anonymous — Mon, 13 Jan 2014 09:58:03 GMT

Unfortunately true. Clueless CSRs.

Re: CITI Credit Line Increase

alvon123 — Mon, 13 Jan 2014 11:06:24 GMT

congrats

Re: CITI Credit Line Increase

MsLadyRover — Mon, 13 Jan 2014 14:13:39 GMT

Congratulations on your increase!

Re: CITI Credit Line Increase

FinStar — Mon, 13 Jan 2014 15:11:20 GMT

@mnavas wrote:
@FinStar wrote:
@Anonymous wrote:
@Anonymous wrote:
Yes that's the same thing that happened to me but I would wait 6 months from today and ask again. I have 2 citi cards I request a CLI on have about 14k between them when I started it was 4k about 2 years ago
Citi is very much YMMV. Some seem to get soft CLI, many of us don't. However, by calling instead of doing it online, you can usually be told if a soft offer is available, and if there isn't, you can then decide, knowing it will be a HP.
+1

At the end of the day OP, you got the CLI. So, lesson learned it could go either way depending on whether your account is elegible.
Yeah i guess i'll call the next time i ask for a CLI for my CITI card. The only problem i see about calling is that some CSRs are clueless and don't really know the difference between HP and SP and they end up not giving a decent answer about it

While some folks can better results going this route, it is true that some CSRs may not be as knowledgeable in this area. However, just expect it to be HP, and if you qualify for SP, then great.

Re: CITI Credit Line Increase

Anonymous — Mon, 13 Jan 2014 16:33:03 GMT

Did two CLI's with Citi in October 2013 using the CSR route and soft pulls with approved CLI's. My third account the CSR informed me that it would require a hard pull and a manual review which I declined. So some CSR do get it.

Re: CITI Credit Line Increase

efranklin23 — Tue, 14 Jan 2014 01:32:11 GMT

Congrats on the CLI

Re: CITI Credit Line Increase

Anonymous — Wed, 17 Dec 2014 09:23:07 GMT

Just tried for CLI on Citi AA, but was instantly denied. My util is about 40%. Fakos are 721 on CCT. How long before I can try again?