topic Re: Citi DC cli - denied in Credit Card Applications

Citi DC cli - denied

Anonymous — Mon, 20 Nov 2017 01:08:25 GMT

Today I finally received the message that my cli for the Citi DC will be a soft pull, stated: "A credit bureau report will not be requested". Instant result " We regret that we cannot approve your request for a credit limit increase at this time"

I have had this card just over 2 months (9-5-2017), should I call backdoor number for recon or wait a bit longer to create some history with Citi?

I have been rebuilding my credit and once my scores where in the 700s, beginning August 2017, I applied and was approved for new bank cards (Discover, Amex, Citi and Chase). I now have several new accounts on my credit reports, inquiries, decreased my AAoA and score dipped some.

FICO8

EQ 703

TU 729

EX 720

Re: Citi DC cli - denied

CreditCuriosity — Mon, 20 Nov 2017 01:32:51 GMT

Wait for the reason.. Guessing your reason is too many new accounts open reason. I hae gotten this on my costco recently as that is the only Citi card I have that I haven't gotten a CLI on being SP. I can't argue with the reason as it is true and sounds like to be the case with you. Some say it takes 6 months to get SP CLI verbage, but this isnt true I have had two other citi cards that both got SP CLI's within the first 2 months. Ironically the costco took 9 months to show up and was the only one denied due to many new accounts recently.

I would say just wait for 6 months of having the card and dont open new accounts if you want a CLI and go for it then. Recon won't do anything IMO other than a HP.

Re: Citi DC cli - denied

Anonymous — Mon, 20 Nov 2017 04:10:49 GMT

I don't know all too much regarding Citi and their CLI practices, but I would think that going for a CLI (SP) 2 months after opening your account is a bit aggressive. I have heard of some success at the 3-4 month mark, but most success is usually at 6+ months from what I've read. I waiting until my account reached 6 months before I went for my first Citi CLI.

Re: Citi DC cli - denied

Anonymous — Mon, 20 Nov 2017 05:36:40 GMT

After more than a year, Citi gave me a CLI on both my Simplicity and DC from $4,800 to $6,300.

I waited 6 more months to ask for another and they both said no.

My scores always range from 750 to 800.

Both of my last increases were January of 2017.

I have no more than 2 HPs with any credit bureau.

Re: Citi DC cli - denied

Anonymous — Sat, 25 Nov 2017 17:40:51 GMT

Update: Received letter in the mail today (11-25-17). Reason for cli denial was credit report shows too many recently open accounts. I will try again in 6 months and hopfully it will state no credit needed for cli.

Re: Citi DC cli - denied

marty56 — Sun, 26 Nov 2017 12:30:53 GMT

Unless you really need the extra credit for a purchase, I would wait a year until recent INQ don't count. Any request for a CLI could generate a HP and on MR could make it seem you are looking for credit which could lead to AA.

If you need to make a major purchase and your CL doesn't cover it, I recommend that you call the CCC and tell them you need to do that and when you expect to PIF. They may require you to apply for a CLI but at least asking one cost you any FICO points. I also think joing and using a local CU is the way to go for CC and credit in general and they may also give free, no credit effect advise on if would would qualify for a CL.

I wouldn't ask for a CLI unless it was the last resort after trying these and other options you may find here.

Re: Citi DC cli - denied

AverageJoesCredit — Sun, 26 Nov 2017 13:06:31 GMT

I was and am on lower spectrum of things, ie low income, lots of accounts, etc. Took me 9 months just to get sp language. Almost a year before they gave me $600 auto and year and half to get my first actual increase. Some get cli very fast others not. You just have to see where you fall in another 4 months. Good luck, Citi is a unique puzzle for all