topic Re: Citi Custom Cash CLI in Credit Card Approvals

Citi Custom Cash CLI

mgood — Mon, 20 Nov 2023 05:03:06 GMT

I just got a bump from $10.9k to $13.9k.

I became 0/6 new accounts on Nov 1 and 0/6 Eq inquiries on Nov 3.

I've been pestering the increase button mulitple times per week since a little before then. I think you have to be 0/6 and then wait for their (monthly?) SP to reflect that. The website still shows they updated my score on 10/24, so I was thinking I might have to wait until around 11/24. But I kept requesting anyway - for science

Anyway, it didn't work a couple days ago, but it did work tonight.

Opened at $6.9k on Jul 16, 2022

CLI to $10.9k on Mar 26, 2023

CLI to $13.9k on Nov 19, 2023

I've been spending $300-$500 per month on it the whole time. Just using it for one category for 5% back.

Re: Citi Custom Cash CLI

JoeRockhead — Mon, 20 Nov 2023 07:57:00 GMT

Very nice, congratulations on your bump!

Re: Citi Custom Cash CLI

BigBS — Mon, 20 Nov 2023 13:56:16 GMT

Congrats on the CLI!

Re: Citi Custom Cash CLI

M_Smart007 — Mon, 20 Nov 2023 16:14:46 GMT

Congratulations on your CLI 🎉

Re: Citi Custom Cash CLI

cashorcharge — Mon, 20 Nov 2023 23:20:33 GMT

WooHoo!! Congratulations @mgood on your Approval!!👏🏼🍾🥂

Re: Citi Custom Cash CLI

Marmot — Mon, 20 Nov 2023 23:31:08 GMT

Congratulations on your CLI !!!

Re: Citi Custom Cash CLI

Traveler101 — Tue, 21 Nov 2023 01:01:43 GMT

Congratulations on the cli.

Re: Citi Custom Cash CLI

Zoostation1 — Tue, 21 Nov 2023 02:12:03 GMT

Congrats on the CLI!

Re: Citi Custom Cash CLI

finallyfree — Tue, 21 Nov 2023 02:43:59 GMT

Congratulations!!!

Re: Citi Custom Cash CLI

firefox100 — Tue, 21 Nov 2023 08:30:37 GMT

Congratulations on your Citi custom cash credit line increase. If you don't mind what was income that you reported, I have Custom cash which is 8K for last year in half they will not increase my limit with a hard pull, I also have Citi DC mastercard with 23.6K limit with income of 88K fico scores over 820. Again congratulations.

Re: Citi Custom Cash CLI

mgood — Tue, 21 Nov 2023 12:18:34 GMT

@firefox100 wrote:
If you don't mind what was income that you reported . . .

$72k.

Re: Citi Custom Cash CLI

firefox100 — Tue, 21 Nov 2023 13:11:05 GMT

Thank you I do not understand Citi bank they want to do a hard pull that is the problem, only thing I can think is that I have another card with them for 23.6K which brings the total to 31.6K I do spend about 200 hundred month have total balances on all card showing 1.2K out of 297K never late.

Re: Citi Custom Cash CLI

mgood — Tue, 21 Nov 2023 15:42:38 GMT

@firefox100 wrote:
. . . total balances on all card showing 1.2K out of 297K never late.

This is my only Citi account. Last couple of statements have had $0 balance. Overall I have about $5k balance on $183k credit cards, so a little under 3%. No lates or baddies on my report.

Re: Citi Custom Cash CLI

CreditAggie — Thu, 23 Nov 2023 02:54:04 GMT

Congratulations on your Citi Custom Cash CLI!

Re: Citi Custom Cash CLI

JtAlmond — Mon, 08 Jan 2024 01:42:29 GMT

Congrats on your CLI but who actually needs a CLI on a Citi Custom Cashcard?? I wish I could see some faces and a show of hands on this lol but here's my take on the instant case:

My CCC and presumably yours is a $500 spend card. My CCC is a payment chit that I use to charge up to $500 in groceries in one billing period . The Citi app features a running tally on how much I'm spending each billing period on my CCC dedicated grocery card.. When I hit the $500 mark on groceries I will forgo using it because I've tapped its value for the billing period. I don't hear of many people chasing 1% rewards including myself so for subsequent trips to the grocery store I will whip out my Savior One card for its 3% cash back to take up what slack there is maybe $50 or $100 at the grocery store.

The CCC has done its duty for the month when it reaches its break point of $500 in rewards spending. My final statement for the month is always nearly equal to $500 out of a possible $3900 spending limit.
The Citi app has an array of merchant offers who give elevated rewards if I were to buy something from them using my CCC card. Ive yet to do but those charges would likely be insignificant and random to actually figure in. I was locked out of the site and the app these past few months because of a phone number change but I'm familiarizing myself with the merchant offers section. I see an overlapping of merchants amongst Capitalone and Wells Fargo with many of the Citi offers . As a result I have been using the WF and C1 cards to score merchant rewards if applicable.
It would make no difference to me if my CCC had a $1000 spend limit or a $10,000 spend limit, it would only be used for up to $500 at the grocery store. They're offering me up to $1200 cash advances which I don't see myself doing in the foreseeable future however but do issuers actually figure in cash advances when they compute your spending limit??

With all this said how could I justify requesting a CLI?? What am I supposed to say if I were to hit them up for a CLI with a straight face??

Re: Citi Custom Cash CLI

UncleB — Mon, 08 Jan 2024 07:46:50 GMT

@JtAlmond wrote:
Congrats on your CLI but who actually needs a CLI on a Citi Custom Cashcard?? I wish I could see some faces and a show of hands on this lol but here's my take on the instant case:
My CCC and presumably yours is a $500 spend card. My CCC is a payment chit that I use to charge up to $500 in groceries in one billing period . The Citi app features a running tally on how much I'm spending each billing period on my CCC dedicated grocery card.. When I hit the $500 mark on groceries I will forgo using it because I've tapped its value for the billing period. I don't hear of many people chasing 1% rewards including myself so for subsequent trips to the grocery store I will whip out my Savior One card for its 3% cash back to take up what slack there is maybe $50 or $100 at the grocery store.
The CCC has done its duty for the month when it reaches its break point of $500 in rewards spending. My final statement for the month is always nearly equal to $500 out of a possible $3900 spending limit.
The Citi app has an array of merchant offers who give elevated rewards if I were to buy something from them using my CCC card. Ive yet to do but those charges would likely be insignificant and random to actually figure in. I was locked out of the site and the app these past few months because of a phone number change but I'm familiarizing myself with the merchant offers section. I see an overlapping of merchants amongst Capitalone and Wells Fargo with many of the Citi offers . As a result I have been using the WF and C1 cards to score merchant rewards if applicable.
It would make no difference to me if my CCC had a $1000 spend limit or a $10,000 spend limit, it would only be used for up to $500 at the grocery store. They're offering me up to $1200 cash advances which I don't see myself doing in the foreseeable future however but do issuers actually figure in cash advances when they compute your spending limit??
With all this said how could I justify requesting a CLI?? What am I supposed to say if I were to hit them up for a CLI with a straight face??

There are other reasons to request CLIs on credit cards outside of usual monthly spend.

Specific to Citi, they have a Flex Loan where you take out a loan against your credit card's credit line with no further paperwork (or HP). It can be a good option for those who are eligible... the APR on my last offer was only 7.95%. I considered it, but the credit line on the card I wanted to use was too low to accommodate the loan I wanted to take. Hindsight is always 20/20, but if I had pursued CLIs on that seldom-used card it could have come in quite handy.

Finally, some folks just like having higher credit lines, and there's nothing wrong with that. If it's not for you, that's fine, too. To each his/her own.

@mgood, belated congrats on the CLI!

Re: Citi Custom Cash CLI

firefox100 — Tue, 09 Jan 2024 00:32:05 GMT

I agree with UncleB, first if you had credit limit of 1,000 and you let a balance of 500 post to the account and repot cb's you would have a utilization would 50% that could tank your score and could have even citi or any of other credit issuers you may have do AA that means cutting your credit lines or chase your balances. If you had a 10K limit and had balance post and report to the CB's you would have a uitilizations of 5% that would not have that big of efect on most scoreing models.

Re: Citi Custom Cash CLI

Wavester64 — Thu, 18 Jan 2024 20:38:04 GMT

@UncleB

>>Specific to Citi, they have a Flex Loan where you take out a loan against your credit card's credit line with no further paperwork (or HP). It can be a good option for those who are eligible...

I am getting this offer on my CCC and am soon to be 4/24. Does taking advantage this Flex loan affect 5/24 rule at all? I am guessing NO, but wanted to ask anyways.

Re: Citi Custom Cash CLI

UncleB — Sat, 10 Feb 2024 13:33:44 GMT

@Wavester64 wrote:
@UncleB

>>Specific to Citi, they have a Flex Loan where you take out a loan against your credit card's credit line with no further paperwork (or HP). It can be a good option for those who are eligible...

I am getting this offer on my CCC and am soon to be 4/24. Does taking advantage this Flex loan affect 5/24 rule at all? I am guessing NO, but wanted to ask anyways.

The Citi Flex loan is not a new account; they provide funds from your existing credit line similar to a cash advance (but it's not a cash advance). Here's a thread that discusses it: https://ficoforums.myfico.com/t5/Credit-Cards/Citi-Flex-loan-questions/td-p/6688769

The Citi Personal Loan, on the other hand, is a new account (like any other traditional loan).

I get offers/pop-up boxes for both so it's easy to confuse the two. Just be sure to read the fine-print on whatever offer is presented and you should be fine.

Re: Citi Custom Cash CLI

NoMoreDebt — Sat, 10 Feb 2024 14:00:45 GMT

Congrats on your cli