topic Re: Internal limits in Credit Cards

Internal limits

JSS3 — Sun, 19 Apr 2015 14:33:17 GMT

What happens when you've reached a banks internal limit due to income? Does this affect new applications aswell as CLIs?

It appears that I've reached my Citi internal limit. My recent request for a 15,000 credit limit(increase of 9,900) was countered with a 5,900 increase making the new limit-11,000. The letter stated that is all they could give due to income. I was ecstatic as I only went that high because I knew they'd counter. It's more than enough.

I had one Double Cash raised(soft pull) to 4,000(up from 2,600) last month. This month my second Double Cash was hard pulled to 11,000. 15,000 exposure with Citi between 2 cards.

Yesterday I app'd for Diamond Preferred. Approved for 500. Had to move 1,000 from Double Cash to make it 1,500.

So...will they just never allow another increase UNTIL I get my (40,000) income up? Even as years pass and my profile gets stronger? Only way is to move limits? You're eligible for Citi increases every six months...will I just keep getting denied? (I obviously know not to apply for anymore cards).

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 14:35:42 GMT

@JSS3 wrote:
What happens when you've reached a banks internal limit due to income? Does this affect new applications aswell as CLIs?

I appears that I've reached my Citi internal limit. My recent request for a 15,000 credit limit(increase of 9,900) was countered with a 5,900 increase making the new limit-11,000. The letter stated that is all they could give due to income. I was ecstatic as I only went that high because I knew they'd counter. It wad more than enough.

I had one Double Cash raised(soft pull) to 4,000(up from 2,600) last month. This month my second Double Cash was hard pulled to 11,000. 15,000 exposure with Citi between 2 cards.

Yesterday I app'd for Diamond Preferred. Approved for 500. Had to move 1,000 from Double Cash to make it 1,500.

So...will they just never allow another increase UNTIL I get my (40,000) income up? Even as years pass and my profile gets stronger? Only way is to move limits? You're eligible for Citi increases every six months...will I just keep getting denied? (I obviously know not to apply for anymore cards).

CLI and New approvals (underwriting) are usually completely seperate departments that do not interact with each other. This means that if you hit your "limit" with CLI it won't necessarily mean you hit your "limit" with underwriting. Sometimes you can get stuck in a rut with CLI's and the only way is to app for a new card. It sucks (Cap One is known for this). I've been stuck on my Citi card at $700 CL for 4 years and they won't budge lol. I app'd for a new Diamond Preferred and got instand approval for 2k. It's unfortunate but it does happen. They more you grow with them, however, the easier it will become as they will establish a pattern of on time payments, PIF, etc. Also the more you run through a card the more willing they may be to an increase (although this varies wildly and is not at all scientific).

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 14:41:31 GMT

@applurker
Thank you! That's exactly what I wanted to hear. Glad to know there is a way around having to increase my income. Putting in the time and building a rapport is what I plan to do.

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 17:57:21 GMT

You're asking for a lot of increases through one lender.

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 18:02:24 GMT

You think?

I wouldn't mind getting CDP to 10,000. BT cards should always have the highest limits.

Sync has an exposure limit of 50,000-100,000(I believe)

Re: Internal limits

dollar_bill — Sun, 19 Apr 2015 19:14:52 GMT

I think there are max exposure parameters when dealing with multiple products from one bank. Probably a combination of scoree, spending history, length of credit history, credit score, etc..The computer has to be coming up with the CL's when you're not working with rep's.

For example, I have a $24k TE card from AMEX, I applied for the BCP and they gave me $14k, but dropped my TE to $10.3. Odd number I always thought why keep the $300 and not make it an even $10k? So max exposure is $24.3k, for some reason the extra $300 just seemed weird to me.

Recently, I applied for the CSP. I received another interesting limit, they gave me $16.9k. I have a Freedon with a $9k CL, so I guess $25.9k is the max exposure I have with Chase, but again it's an a little out of the ordinary for a CL IMO.

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 20:11:49 GMT

Even though you've reached your approval max, you can still get the 3x(or request < 50%).

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 20:31:10 GMT

@JSS3 wrote:
What happens when you've reached a banks internal limit due to income? Does this affect new applications aswell as CLIs?

It appears that I've reached my Citi internal limit. My recent request for a 15,000 credit limit(increase of 9,900) was countered with a 5,900 increase making the new limit-11,000. The letter stated that is all they could give due to income. I was ecstatic as I only went that high because I knew they'd counter. It's more than enough.

I had one Double Cash raised(soft pull) to 4,000(up from 2,600) last month. This month my second Double Cash was hard pulled to 11,000. 15,000 exposure with Citi between 2 cards.

Yesterday I app'd for Diamond Preferred. Approved for 500. Had to move 1,000 from Double Cash to make it 1,500.

So...will they just never allow another increase UNTIL I get my (40,000) income up? Even as years pass and my profile gets stronger? Only way is to move limits? You're eligible for Citi increases every six months...will I just keep getting denied? (I obviously know not to apply for anymore cards).

No. When I app'd for the Citi DC, my original SL was $2600. Upon receiving my card and activating it, I requested an increase they denied me for the same reason. I had just received a CLI on my Simplicity card from $3800 to $7600 earlier that month.

I submitted a CLI the following month for my DC and they approved it. My limit went from $2600 to 8K. I think it's best to wait between 3-6 months before requesting CLIs.

Good luck!!! Keep up the good work!!!

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 20:26:42 GMT

@Anonymous wrote:
@JSS3 wrote:
What happens when you've reached a banks internal limit due to income? Does this affect new applications aswell as CLIs?

I appears that I've reached my Citi internal limit. My recent request for a 15,000 credit limit(increase of 9,900) was countered with a 5,900 increase making the new limit-11,000. The letter stated that is all they could give due to income. I was ecstatic as I only went that high because I knew they'd counter. It wad more than enough.

I had one Double Cash raised(soft pull) to 4,000(up from 2,600) last month. This month my second Double Cash was hard pulled to 11,000. 15,000 exposure with Citi between 2 cards.

Yesterday I app'd for Diamond Preferred. Approved for 500. Had to move 1,000 from Double Cash to make it 1,500.

So...will they just never allow another increase UNTIL I get my (40,000) income up? Even as years pass and my profile gets stronger? Only way is to move limits? You're eligible for Citi increases every six months...will I just keep getting denied? (I obviously know not to apply for anymore cards).
CLI and New approvals (underwriting) are usually completely seperate departments that do not interact with each other. This means that if you hit your "limit" with CLI it won't necessarily mean you hit your "limit" with underwriting. Sometimes you can get stuck in a rut with CLI's and the only way is to app for a new card. It sucks (Cap One is known for this). I've been stuck on my Citi card at $700 CL for 4 years and they won't budge lol. I app'd for a new Diamond Preferred and got instand approval for 2k. It's unfortunate but it does happen. They more you grow with them, however, the easier it will become as they will establish a pattern of on time payments, PIF, etc. Also the more you run through a card the more willing they may be to an increase (although this varies wildly and is not at all scientific).

Excellent advice.

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 20:36:13 GMT

@beautifulblaquepearl
I'm so happy about that. Glad to know the well hasn't run dry. A $500 BT card is utterly useless. Heck, anything less than 5,000 Is.

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 20:41:01 GMT

Maybe it wasn't the exposure as much as it was the fact that I received 7,300 in increases from them in the last two months. I would think an exposure would be 20-25,000.

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 20:45:08 GMT

I've hit internal limits with Barclay's, and apparently NFCU at this time.

AMEX the jury is still out on (will find out in july when it's time for my next 3X), Chase continues to approve applications (Haven't reached the ceiling yet), Discover i'm inching my way up.

Re: Internal limits

JSS3 — Sun, 19 Apr 2015 21:06:26 GMT

What's your exposure with each, Nixon?

(I'm on mobile)

Re: Internal limits

Anonymous — Sun, 19 Apr 2015 23:40:11 GMT

@JSS3 wrote:
What's your exposure with each, Nixon?

(I'm on mobile)

At the moment, $9,000 with Barclay's

$25,500 revolving with AMEX, $28,500 with Chase, $10,000 with NFCU, Discover is $3,000.