topic Re: Costco Citi Card - Best Practices for CLI in Credit Card Applications

Costco Citi Card - Best Practices for CLI

Anonymous — Tue, 29 Jun 2021 16:55:12 GMT

I recently got the Costco Citi Card. I want to follow the best practices for the next 6 months as I have items coming off my credit over this time and I want to take advantage of a credit line increase after this time passes to capitalize on the largest increase they can offer.

Anyone who has this card that has been able to get a decently sized limit increase can you provide some insight?

Thanks!

Re: Costco Citi Card - Best Practices for CLI

Bizambish — Tue, 29 Jun 2021 17:22:55 GMT

Citi has been very generous with credit limit increases for me. I would say just use the card and pay it down and you’ll be in good shape. There should be language in your account service page that says you can request a CLI with no hard pull.
Good luck!

Re: Costco Citi Card - Best Practices for CLI

JLRDC909 — Tue, 29 Jun 2021 23:41:18 GMT

I've often found that the largest CLI are when they give them to you, without you initiating a request. But I'd say go for it after 6 months. They do a soft pull and use that CR and CS that's on your Citi profile and they only do that pull 1x a month so when you do a request make sure that your utilization is low

Re: Costco Citi Card - Best Practices for CLI

Anonymous — Wed, 30 Jun 2021 02:54:13 GMT

@JLRDC909 wrote:
I've often found that the largest CLI are when they give them to you, without you initiating a request. But I'd say go for it after 6 months. They do a soft pull and use that CR and CS that's on your Citi profile and they only do that pull 1x a month so when you do a request make sure that your utilization is low

CR and CS?

Im not up on all the acronyms.

Re: Costco Citi Card - Best Practices for CLI

FinStar — Wed, 30 Jun 2021 02:56:59 GMT

@Anonymous wrote:
@JLRDC909 wrote:
I've often found that the largest CLI are when they give them to you, without you initiating a request. But I'd say go for it after 6 months. They do a soft pull and use that CR and CS that's on your Citi profile and they only do that pull 1x a month so when you do a request make sure that your utilization is low
CR and CS?

Im not up on all the acronyms.

CR = Credit Report

CS = Credit Score

For your reference, the link below provides a good list of them:

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

Re: Costco Citi Card - Best Practices for CLI

Aim_High — Wed, 30 Jun 2021 03:26:31 GMT

My experience and what I've seen more often is slow and steady with Citi/Costco. You can soft pull CLI once every six months. Lately I've gotten $1.5K but previously $3K was common. That was with light usage. Heavier usage might help. I believe you can also call them and ask for hard pull CLI which might be more generous.