topic Re: Citi DC Initial CL question? in Credit Cards

Citi DC Initial CL question?

Anonymous — Sun, 23 Nov 2014 23:26:40 GMT

Good evening guys,

I took the leap and applied for the Citi DC tonight. Instant approval, $2600 limit and 12.9% apr. I was a little disappointed with the limit, but the apr was completely surprising. Based on the low apr and success talked about in the DC thread, do you think a recon would result in a higher initial CL? If so, how would I go about doing this?

I've never had to recon so any advice would be much appreciated.

Thanks,

Alex

Re: Citi DC Initial CL question?

FinStar — Sun, 23 Nov 2014 23:31:29 GMT

No guarantees and you will possibly incur another HP...YEMV. It would also depend on how strong your credit profile is at the time of reconsideration.

Re: Citi DC Initial CL question?

Anonymous — Sun, 23 Nov 2014 23:32:36 GMT

Congratulations on the approval and low APR. I had a very similar situation when I applied for the Double Cash. I received a 2000 CL but a great initial APR. I was happy about the APR but bummed about the low SL. I can tell you that you don't want to request the CLI via your account website. I did it by those means and received a HP and the reason for the denial was the account was too new. Another member on here called in to activate and said they were able to get their CL raised to 6K (I believe). So if you are going to try, defitiely call and request it. That is what I should have done although ultimately I didn't continue to pursue a CLI because I have other cards that do the heavy lifting and have 5-20 times the credit limit. Good luck!

Re: Citi DC Initial CL question?

Anonymous — Mon, 24 Nov 2014 20:12:45 GMT

I took a second HP to go from $1K initial limit to $5K after activation. I asked for $15K and was told that $5K is the max Citi gives to brand new customers.

Good luck.

Re: Citi DC Initial CL question?

Involver — Mon, 24 Nov 2014 20:16:06 GMT

Upon receiving the card I would call and ask for a CLI - I'd go at least $10k - $15k. You will probably get an EQ hard pull for it.

Re: Citi DC Initial CL question?

Involver — Mon, 24 Nov 2014 20:15:24 GMT

@Anonymous wrote:
I took a second HP to go from $1K initial limit to $5K after activation. I asked for $15K and was told that $5K is the max Citi gives to brand new customers.
Good luck.

Whoever told you that was not being truthful.

Re: Citi DC Initial CL question?

Anonymous — Mon, 24 Nov 2014 20:28:11 GMT

@Involver wrote:
@Anonymous wrote:
I took a second HP to go from $1K initial limit to $5K after activation. I asked for $15K and was told that $5K is the max Citi gives to brand new customers.
Good luck.

Whoever told you that was not being truthful.

Didn't believe it mysefl but 5K is sufficient for my spending (and I already hate dealing with citi CS/CA reps). I'll see what I can get for a SP in 5 months

Re: Citi DC Initial CL question?

sccredit — Mon, 24 Nov 2014 21:00:58 GMT

x2. My initial CL with Citi was $8k (as a brand new customer)

Re: Citi DC Initial CL question?

SunriseEarth — Mon, 24 Nov 2014 22:10:18 GMT

@Anonymous wrote:
Good evening guys,

I took the leap and applied for the Citi DC tonight. Instant approval, $2600 limit and 12.9% apr. I was a little disappointed with the limit, but the apr was completely surprising. Based on the low apr and success talked about in the DC thread, do you think a recon would result in a higher initial CL? If so, how would I go about doing this?
I've never had to recon so any advice would be much appreciated.

Thanks,

Alex

You'd most likely incur another HP. Most people are approved for CLIs, but not all (I wasn't). But your APR is good, so they might be more willing in your case. If it's worth another HP, go for it. Some have gone the conventional route (online, phone CSRs), while others have had success through the EO.

Re: Citi DC Initial CL question?

Anonymous — Mon, 19 Jan 2015 05:26:20 GMT

Re: Citi DC Initial CL question?

Anonymous — Wed, 26 Nov 2014 22:59:51 GMT

@Laddi wrote:
@Anonymous wrote:
I took a second HP to go from $1K initial limit to $5K after activation. I asked for $15K and was told that $5K is the max Citi gives to brand new customers.
Good luck.
That is not true. I was a brand new customer with Citi, went from $1,200 to $18,000.

im jealous i wish i requested more

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Citi-Double-Cash-Credit-Limit-INCREASE/td-p/3660997

Re: Citi DC Initial CL question?

Anonymous — Mon, 19 Jan 2015 05:23:30 GMT