topic Re: Should I request a Citi DC CLI? in Credit Card Applications

Should I request a Citi DC CLI?

Anonymous — Mon, 19 Oct 2015 21:16:27 GMT

I applied and was approved for a Double Cash in early August. I was instantly approved for $7,000.

I am considering possibly requested a CLI to help my credit down the road.

CREDIT STATS

currently have a 6% UTI with a total $40,900 on card limits (also I am a 21 year old college student)

54% on Chase Freedom ($1400)
10% on Citi Double Cash ($7000)
8% on Fidelity AMEX ($12000)
0% on Hilton AMEX ($6000)
0% on Discover it ($14500)

100% Payment History

0 Derogatory Marks

AAOA: 7 years, 7 months

Chase Freedom is 10 months old
Citi Double Cash is 2 months old
Fidelity AMEX is 6 years, 6 months old
Hilton AMEX is 9 months old
Discover it is 29 Years, 7 Months old

1 HP on TU

3 HP ON EQ

5 HP ON EX

TU FAKO 787

EQ FAKO 775

EX FAKO 775

What do you all think? Take another HP or wait until a few of my EX HP's fall off?

Re: Should I request a CLI

ddemari — Mon, 19 Oct 2015 21:16:26 GMT

If your income supports it and you really want it, I think you are probably good with those scores.

Re: Should I request a CLI

Creditaddict — Mon, 19 Oct 2015 21:17:06 GMT

1. I think around 3-4 months you will probably have a SP CLI check option... when you log in now and go to request a credit limit increase does it say "it's easy to see if you qualify for a credit line increase and no credit pull is needed" or "by clicking below you know Citi may pull your credit"

If you don't need more, I might just wait until you get the SP option... otherwise if you go the manual review option, I would ask for $25k and let them counter if they don't approve full amount.

Re: Should I request a CLI

Anonymous — Mon, 19 Oct 2015 21:23:06 GMT

Creditaddict wrote:
1. I think around 3-4 months you will probably have a SP CLI check option... when you log in now and go to request a credit limit increase does it say "it's easy to see if you qualify for a credit line increase and no credit pull is needed" or "by clicking below you know Citi may pull your credit"

If you don't need more, I might just wait until you get the SP option... otherwise if you go the manual review option, I would ask for $25k and let them counter if they don't approve full amount.

It says, "It's easy to find out if you qualify for a credit limit increase. By clicking "Continue" you understand that we will obtain a credit bureau report to evaluate your request. Our credit department will review your request within 24 hours."

Re: Should I request a CLI

Anonymous — Mon, 19 Oct 2015 21:27:18 GMT

@ddemari wrote:
If your income supports it and you really want it, I think you are probably good with those scores.

I would like it but I do not need it. My income does support it

Re: Should I request a CLI

Creditaddict — Mon, 19 Oct 2015 21:30:16 GMT

@Anonymous wrote:
@Creditaddict wrote:
1. I think around 3-4 months you will probably have a SP CLI check option... when you log in now and go to request a credit limit increase does it say "it's easy to see if you qualify for a credit line increase and no credit pull is needed" or "by clicking below you know Citi may pull your credit"

If you don't need more, I might just wait until you get the SP option... otherwise if you go the manual review option, I would ask for $25k and let them counter if they don't approve full amount.
It says, "It's easy to find out if you qualify for a credit limit increase. By clicking "Continue" you understand that we will obtain a credit bureau report to evaluate your request. Our credit department will review your request within 24 hours."

then I would just keep checking each month after your statement until it says "no credit check"!

Re: Should I request a Citi DC CLI?

coldnmn — Mon, 19 Oct 2015 21:44:00 GMT

Personally I would wait for the SP CLI to show up . They are conservative I got it to show up after 3 months. After the CLI it still showed but denied not enough experience with current CL. From everything I have read, ask every 6 months and should be good for $1,500 minimum SP CLI after the first one. Good Luck!

Re: Should I request a Citi DC CLI?

Anonymous — Tue, 20 Oct 2015 05:10:56 GMT

So as it said earlier my current CL is $7000 and my current balance on the card is $1031.56. The balance will continue to rise until my 15 months of 0% expires. If one day I look online at it shows the SP CLI how much is it recommended that I request my new CL be? $10,000?

Re: Should I request a Citi DC CLI?

OnTheRebound — Tue, 20 Oct 2015 06:46:16 GMT

With a SP CLI request they do not give you a choice. You get what they offer, usually about $1400.00. If you want more, it will cost you a HP and even then it's not guaranteed you will get what you ask for.

Re: Should I request a Citi DC CLI?

Anonymous — Tue, 20 Oct 2015 19:33:20 GMT

I will preface in that there are a ton of variables and unknown risks that makes these types decisions change on a dime. Based on what you have shared, I would wait for that SP CLI opportunity to arrive. You may be happy with it, but if you are not then I would request an amount 3x higher than your CL. This would be a hard pull but you may get a very high CL out of it.

Re: Should I request a CLI

taxi818 — Tue, 20 Oct 2015 23:36:24 GMT

@Creditaddict wrote:
@Anonymous wrote:
@Creditaddict wrote:
1. I think around 3-4 months you will probably have a SP CLI check option... when you log in now and go to request a credit limit increase does it say "it's easy to see if you qualify for a credit line increase and no credit pull is needed" or "by clicking below you know Citi may pull your credit"

If you don't need more, I might just wait until you get the SP option... otherwise if you go the manual review option, I would ask for $25k and let them counter if they don't approve full amount.
It says, "It's easy to find out if you qualify for a credit limit increase. By clicking "Continue" you understand that we will obtain a credit bureau report to evaluate your request. Our credit department will review your request within 24 hours."

then I would just keep checking each month after your statement until it says "no credit check"!

This is the message i just got. last month it was Sp. but was denied. i think at 6 month mark op you would be ok. patience with citi. i know it took over a year to get cli with my best buy.

Re: Should I request a CLI

Anonymous — Wed, 21 Oct 2015 02:12:08 GMT

I would caution patience as well, I was bored and curious the other day and gave it a shot. My most recent baddie is nearing the 7 year mark in March 2016, they denied my CLI because of 6.5+ year old late payments. My UTIL on my Chase AARP isn't the best right now (first statement posted right after a BT and before I was able to bring it down in the 30-40% range) so that might have played into it too, but they only listed the late payments. Waste of a HP but at this point it's whatever lol