topic Re: CITI CLI question in Credit Card Applications

CITI CLI question

micvite — Tue, 05 Oct 2021 04:52:26 GMT

I have a CLI request coming up on 10/16, is it wise to wait for my disco CLI to update from 5900 to 7400 and do the CLI after the 21st, or should I do it before then? Trying to get the most I can, not sure if it looks worse if disco gave me a CLI as I'm seeking credit or if it's better since that would be my highest trade line and might give citi incentive to give me a similar TL.

Re: CITI CLI question

CreditPacMan — Tue, 05 Oct 2021 05:01:13 GMT

I don't think it would hurt to wait 5 more days before requesting a CLI with Citi. It can only look better as Citi won't know whether you requested a CLI from Discover or not given that Discover only does a SP for CLIs.

Re: CITI CLI question

micvite — Tue, 05 Oct 2021 05:03:25 GMT

@CreditPacMan wrote:
I don't think it would hurt to wait 5 more days before requesting a CLI with Citi. It can only look better as Citi won't know whether you requested a CLI from Discover or not given that Discover only does a SP for CLIs.

TRUE! That didn't even cross my mind haha... I guess it can only help in that case... Discover usually updates credit after statement hits so I'll wait another day after and apply

Re: CITI CLI question

simplynoir — Tue, 05 Oct 2021 05:03:34 GMT

I do not believe it will make much of a difference with Citi. If just going for a SP increase they usually don't give much out with average being around $1500-$2000 based on approvals. However, if you're going for more than that a HP will be used but at least you will possibly get more that way. IME I have been getting around ~$5k the few times I've asked for a HP CLI with Citi. I really don't see waiting being worth it unless you're willing to burn a HP then it might be worth holding on til Disco reports

Re: CITI CLI question

micvite — Tue, 05 Oct 2021 05:07:30 GMT

@simplynoir wrote:
I do not believe it will make much of a difference with Citi. If just going for a SP increase they usually don't give much out with average being around $1500-$2000 based on approvals. However, if you're going for more than that a HP will be used but at least you will possibly get more that way. IME I have been getting around ~$5k the few times I've asked for a HP CLI with Citi. I really don't see waiting being worth it unless you're willing to burn a HP then it might be worth holding on til Disco reports

If it's not going to hurt my chances I might as well wait... I'm hoping I'll get a bit more than 2k, at least with the spending I have put through the card, if not I'll just continue to grow my disco until they ask for a 4506-t then cry)

Re: CITI CLI question

simplynoir — Tue, 05 Oct 2021 05:11:34 GMT

Citi is weird and stranger things have happened lol. I imagine it'll take a lot of spend for then to open up their wallets on a significant SP increase kind of like how Capital One is right now

Re: CITI CLI question

micvite — Tue, 05 Oct 2021 05:13:19 GMT

@simplynoir wrote:
Citi is weird and stranger things have happened lol. I imagine it'll take a lot of spend for then to open up their wallets on a significant SP increase kind of like how Capital One is right now

I'd say I've been more than generous lol 8-10k a month for the past 5 months on a 4k limit

Re: CITI CLI question

simplynoir — Tue, 05 Oct 2021 05:24:15 GMT

@micvite wrote:
@simplynoir wrote:
Citi is weird and stranger things have happened lol. I imagine it'll take a lot of spend for then to open up their wallets on a significant SP increase kind of like how Capital One is right now
I'd say I've been more than generous lol 8-10k a month for the past 5 months on a 4k limit

Why not go for the immediate HP CLI after the SP request? Seems like it'd worth the squeeze with that kind of spend

Re: CITI CLI question

micvite — Tue, 05 Oct 2021 05:29:47 GMT

@simplynoir wrote:
@micvite wrote:
@simplynoir wrote:
Citi is weird and stranger things have happened lol. I imagine it'll take a lot of spend for then to open up their wallets on a significant SP increase kind of like how Capital One is right now
I'd say I've been more than generous lol 8-10k a month for the past 5 months on a 4k limit
Why not go for the immediate HP CLI after the SP request? Seems like it'd worth the squeeze with that kind of spend

I'm in the garden as far as inquiries... Trying to buy a house next year and I have like 14-31 inq across the board haha... some will fall off november some in JAN and then the rest in JAN 2022.

Re: CITI CLI question

FishingGuy — Tue, 05 Oct 2021 06:07:24 GMT

Go with the soft pull...... but I would pay down any balance to zero before the request. I'm not sure... other here may know better, ......... but I think that helps

Re: CITI CLI question

micvite — Tue, 05 Oct 2021 06:25:57 GMT

@FishingGuy wrote:
Go with the soft pull...... but I would pay down any balance to zero before the request. I'm not sure... other here may know better, ......... but I think that helps

That's the plan, I always pay stuff off before a CLI.

Re: CITI CLI question

micvite — Thu, 21 Oct 2021 07:30:55 GMT

@simplynoir wrote:
I do not believe it will make much of a difference with Citi. If just going for a SP increase they usually don't give much out with average being around $1500-$2000 based on approvals. However, if you're going for more than that a HP will be used but at least you will possibly get more that way. IME I have been getting around ~$5k the few times I've asked for a HP CLI with Citi. I really don't see waiting being worth it unless you're willing to burn a HP then it might be worth holding on til Disco reports

Just to update, pulled the trigger since my disco statement closed, they doubled me from 4k to 8k

Mod note: I have a thread in approvals and will update that one as well. Just wanted to put the update here as a DP for those that had commented on this thread.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CLI-spree-results/m-p/6428244#M779103