topic Re: citi simplicity. Approved for 14,600 credit limit in Credit Card Approvals

citi simplicity. Approved for 14,600 credit limit

lgtwriter — Sun, 07 Nov 2021 21:46:38 GMT

So....I know I just said that I was going in the garden. But I took a look at all my cards and the Citi Costco Anywhere Visa that I got in mid August with a ridiculous $1200 credit limit (less than one tenth of the usual limit I get approved for lol) was really annoying me. So I went online and closed the account. I then decided to open a different Citi card to replace it. I chose the Citi Simplicity card for the 12 months of 0 apr and its overall, well, simplicity (It has 21 months of 0% balance transfers, but I am almost done paying down all my balances so I probably won't use that.)

I got approved for $14,600 at 14.74 percent. That's more like it Citi. Now I am officially in the garden I promise lol.

Data points: They pulled equifax. My equifax FICO is in the mid 760s right now.

I have 7 inquiries on my equifax report, 4 in the last year including this new pull.

My income is 190k (not counting bonuses or stock)

My utilization is about 9% right now with only $105 dollars on any Citi cards (my ATT fiber internet bill)

Anyway I am going into the garden happy and satisfied that Citi finally gave me a card I can use.

Re: citi simplicity. Approved for 14,600 credit limit

gdale6 — Sun, 07 Nov 2021 21:54:41 GMT

Grats on your Simplicity approval

Re: citi simplicity. Approved for 14,600 credit limit

Trini88 — Sun, 07 Nov 2021 22:20:45 GMT

Congrats! I literally just read u saying you were in the garden, clicked off that post and this post pops up with another approval 😂😂😂😂

Re: citi simplicity. Approved for 14,600 credit limit

CreditMagic7 — Sun, 07 Nov 2021 22:22:37 GMT

Congratulations on your Citi Simplicity Card approval!

Re: citi simplicity. Approved for 14,600 credit limit

lgtwriter — Sun, 07 Nov 2021 22:23:32 GMT

@Trini88 I WAS in the garden. For a day I just couldn't get that Costco Anywhere Visa out of my head. The $1200 credit limit really annoyed me. I don't really use thankyou points so the Simplicity card is a good fit for anytime I want to buy something expensive this year at 0% I am definitely in the garden now, I promise lol.

Re: citi simplicity. Approved for 14,600 credit limit

Rebuild2019 — Sun, 07 Nov 2021 22:30:08 GMT

Congratulations 🎊🎈🎉 on your Citi Simplicity Card approval

Re: citi simplicity. Approved for 14,600 credit limit

cashorcharge — Sun, 07 Nov 2021 22:39:12 GMT

That's terrific!! Congratulations on your Citi Approval!! 🥂🎉👏🏻

Re: citi simplicity. Approved for 14,600 credit limit

CreditAggie — Sun, 07 Nov 2021 23:20:45 GMT

Congratulations on your Citi Simplicity approval! Once your 0% APR period is over, you might be able to product change it to a $14,600 Costco Visa if it would benefit you in the long term.

Re: citi simplicity. Approved for 14,600 credit limit

lgtwriter — Sun, 07 Nov 2021 23:26:22 GMT

@CreditAggie you totally read my mind lol. I plan on product changing this card in a year after the 0% promo is over. If Citi doesn't want to product change it at that time (unlikely. I am pretty sure they will let me change it to one of their other cards) I will use it for a balance transfer if I have any balances (0% balance transfer is for 21 months) and try again to product change after that lol.

Either way, I plan on keeping the card. I am pretty confident they will have other 0% promos on it at some point.

Re: citi simplicity. Approved for 14,600 credit limit

KingRue8500 — Mon, 08 Nov 2021 00:08:27 GMT

Congrats on your Citi Simplicity approval

Re: citi simplicity. Approved for 14,600 credit limit

Total80sKid — Mon, 08 Nov 2021 04:58:05 GMT

Congrats on your Simplicity approval 👍🏼

Re: citi simplicity. Approved for 14,600 credit limit

Sub16610 — Mon, 08 Nov 2021 05:00:54 GMT

Congrats on your Citi Simplicity approval!

Re: citi simplicity. Approved for 14,600 credit limit

Anonymous — Mon, 08 Nov 2021 06:29:42 GMT

Congrats! That's awesome SL. Usually bonuses or stock are not counted as gross income for credit card applications that I experienced. So I don't know how it works. If somebody main income is based on stock investment say 6 or 7 figures, how does work? Maybe they wanted to see the stocks converted into steady liquidity or cash monthly with a statement. Anyway, I am new to stock investment so that is something to learn.

Re: citi simplicity. Approved for 14,600 credit limit

NoMoreE46 — Mon, 08 Nov 2021 09:55:05 GMT

That's great.

Do you have any suspicion why your mid August Costco SL was that low compared to your new Simplicity?

Re: citi simplicity. Approved for 14,600 credit limit

coreyb80 — Mon, 08 Nov 2021 14:10:41 GMT

Congrats on the nice approval!

Re: citi simplicity. Approved for 14,600 credit limit

FalconSteve — Mon, 08 Nov 2021 15:29:12 GMT

Congrats on your approval

Just out of curiosity, had you ever ask for an increase on the Costco Visa?

Re: citi simplicity. Approved for 14,600 credit limit

lgtwriter — Mon, 08 Nov 2021 16:29:30 GMT

@Anonymous I work in tech, so we get RSUs (special stock) each year as part of our salary. It's like a bonus in addition to our bonus. (common in silicon valley tech firms). I never put my stock or bonus as part of my salary when I apply for things. That is what I meant

Re: citi simplicity. Approved for 14,600 credit limit

lgtwriter — Mon, 08 Nov 2021 16:33:39 GMT

@NoMoreE46 It is bizarre. My utilization was a bit higher, 15% versus 9%, but everything else was the same. I have read here and elsewhere that the Costco Visa has different underwriting standards than some of the other Citi cards. They usually start off with lower credit lines, but the $1,200 was definitely ridiculous for where I was at in mid August with my credit.

Re: citi simplicity. Approved for 14,600 credit limit

lgtwriter — Mon, 08 Nov 2021 16:35:32 GMT

@FalconSteve I asked for an increase right before I applied for the Citi Simplicity card. They denied the increase saying "too many inquiries" and then approved me for Citi Simplicity using the same Equifax data (hp of course for the new application, but same data and same number of inquiries lol)

Re: citi simplicity. Approved for 14,600 credit limit

greatscott85 — Mon, 08 Nov 2021 16:56:19 GMT

Congrats! I think $1200 is our monthly Costco bill haha. That would be a tough limit. The underwriting is very confusing. 14k vs 1.2k? Citi is a good ecosystem but the Costco card has been weird. I'd rather see Costco go back to Amex . I hear the Citi Costco customer service is mediocre at best, purely anecdotal info!

Congrats again!