topic Re: Citi denied CLI too much credit available? in Credit Card Applications

Citi denied CLI too much credit available?

Anonymous — Mon, 29 Dec 2014 02:28:41 GMT

"We reviewed your request, and unfortunately, we can’t approve it because your credit report shows your available lines of credit are too high when compared to the income that you provided."

Got this denial just before Christmas...and after they did a hard pull! This was a CITI double cash card that I just received a week or so ago. It has a $6000 and I requested 10k even. I do have other cards, citi is not my hightest limit (have a cap1 venture with 10k) - credit usage is about 3%. FICOs average around 756 and up, AAoA is 4+ years, income $110k.

Should I recon this? If so, who/where should I call? Or should I just leave it alone?

Re: Citi denied CLI too much credit available?

Anonymous — Mon, 29 Dec 2014 02:37:21 GMT

I say might as well recon. You already used a hard pull. Seems like an odd reason for denial. I would think 110K is plenty of income for that limit. How many lines of credit do you have? What is your total limit on all cards?

Re: Citi denied CLI too much credit available?

Anonymous — Mon, 29 Dec 2014 02:40:30 GMT

You might want to try this number for recon 800-763-9795

Re: Citi denied CLI too much credit available?

Anonymous — Mon, 29 Dec 2014 03:08:44 GMT

Hi, thanks for the help. I have about 17 cards with about 60k available. I was under the impression that credit available was a good thing. I'll call the number tomorrow and try to recon. I'll let you know how it goes.

Re: Citi denied CLI too much credit available?

NRB525 — Mon, 29 Dec 2014 03:12:35 GMT

@Anonymous wrote:
"We reviewed your request, and unfortunately, we can’t approve it because your credit report shows your available lines of credit are too high when compared to the income that you provided."

Got this denial just before Christmas...and after they did a hard pull! This was a CITI double cash card that I just received a week or so ago. It has a $6000 and I requested 10k even. I do have other cards, citi is not my hightest limit (have a cap1 venture with 10k) - credit usage is about 3%. FICOs average around 756 and up, AAoA is 4+ years, income $110k.

Should I recon this? If so, who/where should I call? Or should I just leave it alone?

Is this your first Citi card? And you have it in hand, new in December 2014 for $6k? and you asked for $10k as a starter limit?

You can try recon, I could be wrong, but I'll bet you get to work with the $6k for a while to build a relationship.

Re: Citi denied CLI too much credit available?

TRC_WA — Mon, 29 Dec 2014 03:53:00 GMT

@Anonymous wrote:
Hi, thanks for the help. I have about 17 cards with about 60k available. I was under the impression that credit available was a good thing.

It is... As long as lenders think you can pay it back should you get in a bind and max everything out.

Not sure where they draw the line... But a person who makes $25k probably would have difficulty securing $75k in lines... Unless they were a college student. LOL

Re: Citi denied CLI too much credit available?

Anonymous — Mon, 29 Dec 2014 05:51:52 GMT

@NRB525 wrote:
I'll bet you get to work with the $6k for a while to build a relationship.

I agree with this. Citi is more conservative and want to see some history before handing you the keys to the kingdom.

Salary and $60K available credit should not be an issue.

Re: Citi denied CLI too much credit available?

B335is — Tue, 30 Dec 2014 01:55:36 GMT

Citi can take a very long time to build limits. A few years ago I took my one and only hard pull in a CLI attempt on a $3k Thank You Preferred card (which was instantly denied). Reconsideration was difficult. I contacted them through Facebook and as friendly as that group was, they stood behind the computer denial. It's grown marginally to $5500 limit today, but it's coming up on a 5 year old account and is quite a bit less than my other cards.

Re: Citi denied CLI too much credit available?

Anonymous — Tue, 30 Dec 2014 02:17:25 GMT

Yea, I'll just stick with it for now. Just sucks about getting a hard pull.

I have another card with them from last October, the diamond preferred, also weak in in CL (3k or so).

But! I think I know what's going on here. Last year my wife got a simplicity card. My wife stays at home to raise our kids (no income), yet citi gives her liberal CLIs with no HPs on her card. She just happened to make me a AU on this card. So I bet you, they are factoring in some type of union she she reports "housewife" on her apps. Drat.

Re: Citi denied CLI too much credit available?

gdale6 — Tue, 30 Dec 2014 02:24:42 GMT

@Anonymous wrote:
Yea, I'll just stick with it for now. Just sucks about getting a hard pull.

I have another card with them from last October, the diamond preferred, also weak in in CL (3k or so).

But! I think I know what's going on here. Last year my wife got a simplicity card. My wife stays at home to raise our kids (no income), yet citi gives her liberal CLIs with no HPs on her card. She just happened to make me a AU on this card. So I bet you, they are factoring in some type of union she she reports "housewife" on her apps. Drat.

Its not that you have too much credit I have way more in total CLs than income but long relationships with some of those banks, it takes time, give it 6 months and try it again. What they are telling you is you are at max exposure with them today, that can always change at a later date. Good luck in your credit journey

Re: Citi denied CLI too much credit available?

chalupaman — Tue, 30 Dec 2014 03:49:39 GMT

@gdale6 wrote:
@Anonymous wrote:
Yea, I'll just stick with it for now. Just sucks about getting a hard pull.

I have another card with them from last October, the diamond preferred, also weak in in CL (3k or so).

But! I think I know what's going on here. Last year my wife got a simplicity card. My wife stays at home to raise our kids (no income), yet citi gives her liberal CLIs with no HPs on her card. She just happened to make me a AU on this card. So I bet you, they are factoring in some type of union she she reports "housewife" on her apps. Drat.

Its not that you have too much credit I have way more in total CLs than income but long relationships with some of those banks, it takes time, give it 6 months and try it again. What they are telling you is you are at max exposure with them today, that can always change at a later date. Good luck in your credit journey

I remember Chase saying to me one time that I had sufficient credit and look where I am now. Discover for a long time wouldn't give me any CLI until recently. Payment history and having a good relationship with the lender can really make a difference long term.