topic Re: How concerned should I be about HPs? in Credit Cards

How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 21:27:44 GMT

so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?

Re: How concerned should I be about HPs?

SouthJamaica — Sat, 13 Feb 2016 21:31:04 GMT

@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?

I wouldn't knowingly waste a HP on a CLI with Citibank. They will periodically give many of their customers an opportunity for a soft pull CLI. So I just check periodically to see if it's in soft pull mode yet. [I personally haven't had that in my 14 months or so with them, but other users have had them every 6 months or so].

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 21:33:40 GMT

it's your call. what's more annoying to you: not being able to make big purchases of having another HP on your report?

if i had 5 inquiries i wouldn't care if i took another. that's just me

Re: How concerned should I be about HPs?

red259 — Sat, 13 Feb 2016 21:35:34 GMT

I have never used a HP for a CLI. I never needed the credit that badly and I'd rather just get a new card. The way I view it is that I am likely to get more credit by applying for a new card than I would get asking for a CLI. Also, they could do the HP for a CLI and still say no and I would hate myself for that. I am really adverse to taking HPs though, since I like to make them really count when I make a move. That being said I will go for SP CLIs and use those to pad my util.

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 21:41:19 GMT

@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?

You mention the inquiries on EQ and TU. Do you know what Citi and Discover usually pull in your area? For me in CA, Discover pulled EX when DH opened one last spring and Citi pulled EQ when I (inadvertantly) did a HP CLI last spring as well. You didn't link the two thoughts, but I think maybe you're asking should you not do the Citi HP because you want to definitely apply for the Discover. Is that right?

If that's it, if they don't pull the same CRA they don't really relate. Do them both if you want them both. If they will likely pull the same CRA, then prioritize one over the other and do whichever you think you value more.

I LOVE Discover. I've had my card since 2013 and until last spring had only used it as a BT card. There's pretty much always a 0%/3%fee 12 month and 4.99%/0 fee 18 month offer on the account. I got in on the existing customer double cash deal, plus I used the Apple Pay promotion that ran from Sept to Dec a LOT. Come to think of it, you might prioritize Discover, assuming they're still offering double cash for the first year. And just use your Citi DC as overflow and where Disco isn't accepted for the year (assuming you get a good CL.) Then see if the Citi grows or offers SPs. In my experience, Discover does grow with useage. (both auto and SP CLI's throughout 2015 for my Disco). I also love the app, website, chat, and customer service in general with Discover.

Re: How concerned should I be about HPs?

red259 — Sat, 13 Feb 2016 21:42:25 GMT

@SouthJamaica wrote:
@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?
I wouldn't knowingly waste a HP on a CLI with Citibank. They will periodically give many of their customers an opportunity for a soft pull CLI. So I just check periodically to see if it's in soft pull mode yet. [I personally haven't had that in my 14 months or so with them, but other users have had them every 6 months or so].

How do we check? Just go to the request a CLI page and see if it says they will pull a credit report? I've never seen it say anything different.

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 21:47:04 GMT

there's a database you can search to determine who pulls what where

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 22:31:47 GMT

@Anonymous wrote:
@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?
You mention the inquiries on EQ and TU. Do you know what Citi and Discover usually pull in your area? For me in CA, Discover pulled EX when DH opened one last spring and Citi pulled EQ when I (inadvertantly) did a HP CLI last spring as well. You didn't link the two thoughts, but I think maybe you're asking should you not do the Citi HP because you want to definitely apply for the Discover. Is that right?

If that's it, if they don't pull the same CRA they don't really relate. Do them both if you want them both. If they will likely pull the same CRA, then prioritize one over the other and do whichever you think you value more.

I LOVE Discover. I've had my card since 2013 and until last spring had only used it as a BT card. There's pretty much always a 0%/3%fee 12 month and 4.99%/0 fee 18 month offer on the account. I got in on the existing customer double cash deal, plus I used the Apple Pay promotion that ran from Sept to Dec a LOT. Come to think of it, you might prioritize Discover, assuming they're still offering double cash for the first year. And just use your Citi DC as overflow and where Disco isn't accepted for the year (assuming you get a good CL.) Then see if the Citi grows or offers SPs. In my experience, Discover does grow with useage. (both auto and SP CLI's throughout 2015 for my Disco). I also love the app, website, chat, and customer service in general with Discover.

That makes a lot of sense, save the HP and App for the IT card and wait for SPs on the DC card

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 22:35:33 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?
You mention the inquiries on EQ and TU. Do you know what Citi and Discover usually pull in your area? For me in CA, Discover pulled EX when DH opened one last spring and Citi pulled EQ when I (inadvertantly) did a HP CLI last spring as well. You didn't link the two thoughts, but I think maybe you're asking should you not do the Citi HP because you want to definitely apply for the Discover. Is that right?

If that's it, if they don't pull the same CRA they don't really relate. Do them both if you want them both. If they will likely pull the same CRA, then prioritize one over the other and do whichever you think you value more.

I LOVE Discover. I've had my card since 2013 and until last spring had only used it as a BT card. There's pretty much always a 0%/3%fee 12 month and 4.99%/0 fee 18 month offer on the account. I got in on the existing customer double cash deal, plus I used the Apple Pay promotion that ran from Sept to Dec a LOT. Come to think of it, you might prioritize Discover, assuming they're still offering double cash for the first year. And just use your Citi DC as overflow and where Disco isn't accepted for the year (assuming you get a good CL.) Then see if the Citi grows or offers SPs. In my experience, Discover does grow with useage. (both auto and SP CLI's throughout 2015 for my Disco). I also love the app, website, chat, and customer service in general with Discover.

That makes a lot of sense, save the HP and App for the IT card and wait for SPs on the DC card

Did you indeed check that it's a HP for you with Citi? IIRC if they don't ask you how much you want, it's a SP (and says something about not pulling your credit). If they ask how much you want, it's a HP.

Re: How concerned should I be about HPs?

nightglider — Sat, 13 Feb 2016 22:39:22 GMT

I was approved for a $5,500 DC about two months after it came out. Roughly seven months later I was approved via SP for a $1,100 increase. Six months later, I was approved for another $1,100 SP increase. The $7,700 limit was still annoying, so I requested an HP CLI for $20,000 and it was approved within about two days.

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 22:41:48 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?
You mention the inquiries on EQ and TU. Do you know what Citi and Discover usually pull in your area? For me in CA, Discover pulled EX when DH opened one last spring and Citi pulled EQ when I (inadvertantly) did a HP CLI last spring as well. You didn't link the two thoughts, but I think maybe you're asking should you not do the Citi HP because you want to definitely apply for the Discover. Is that right?

If that's it, if they don't pull the same CRA they don't really relate. Do them both if you want them both. If they will likely pull the same CRA, then prioritize one over the other and do whichever you think you value more.

I LOVE Discover. I've had my card since 2013 and until last spring had only used it as a BT card. There's pretty much always a 0%/3%fee 12 month and 4.99%/0 fee 18 month offer on the account. I got in on the existing customer double cash deal, plus I used the Apple Pay promotion that ran from Sept to Dec a LOT. Come to think of it, you might prioritize Discover, assuming they're still offering double cash for the first year. And just use your Citi DC as overflow and where Disco isn't accepted for the year (assuming you get a good CL.) Then see if the Citi grows or offers SPs. In my experience, Discover does grow with useage. (both auto and SP CLI's throughout 2015 for my Disco). I also love the app, website, chat, and customer service in general with Discover.

That makes a lot of sense, save the HP and App for the IT card and wait for SPs on the DC card

Did you indeed check that it's a HP for you with Citi? IIRC if they don't ask you how much you want, it's a SP (and says something about not pulling your credit). If they ask how much you want, it's a HP.

I checked a week ago and it was a HP. I just got the card on Nov. 21, 2015

Re: How concerned should I be about HPs?

Anonymous — Sat, 13 Feb 2016 22:42:09 GMT

I used to be concerned until hanging out here and seeing stories of 20, 30, 50, 60 pull streaks. Now I don't feel bad about my five or six.

Re: How concerned should I be about HPs?

Anonymous — Wed, 17 Feb 2016 18:27:32 GMT

@nightglider wrote:
I was approved for a $5,500 DC about two months after it came out. Roughly seven months later I was approved via SP for a $1,100 increase. Six months later, I was approved for another $1,100 SP increase. The $7,700 limit was still annoying, so I requested an HP CLI for $20,000 and it was approved within about two days.

If that happens to me, I would take a HP after 2 years. That would be enough time to garden all my inquiries off my record

Re: How concerned should I be about HPs?

Anonymous — Wed, 17 Feb 2016 18:35:12 GMT

@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?

What about your EX file? I'd pull the trigger personally. They took me from $5K to $17K with my CLI request so it was worth the HP IMO.

Re: How concerned should I be about HPs?

Mattopotamus — Wed, 17 Feb 2016 19:08:09 GMT

@red259 wrote:
@SouthJamaica wrote:
@Anonymous wrote:
so, I have had the Citi Double Cash card since last November and the relatively low CL ticks me off at times when I make large purchases. Basically I have 5 Inquiries on file with EQ and 3 with TU.

I am am wanting to get the discover IT card for rotating categories.

Would a HP credit limit increase and the HP for the CLI bother you personally? I'm having a hard time with this one... But regardless, I'm gardening for a while whether I do it or wait.

What is your opinion?
I wouldn't knowingly waste a HP on a CLI with Citibank. They will periodically give many of their customers an opportunity for a soft pull CLI. So I just check periodically to see if it's in soft pull mode yet. [I personally haven't had that in my 14 months or so with them, but other users have had them every 6 months or so].
How do we check? Just go to the request a CLI page and see if it says they will pull a credit report? I've never seen it say anything different.

If you go to the "manage account" section on their website there is a "request CLI" link. It will ask you your income and monthly rent...press submit. Typicallly they will give you CLI based on that and then there is a blank where you can request more, but it tells you that will require a hard pull.

The first part of what I descirbed is a soft pull. If you proceed with requesting a spefiic amount it will be a hard pull.

Re: How concerned should I be about HPs?

takeshi74 — Wed, 17 Feb 2016 19:50:05 GMT

@Anonymous wrote:
Would a HP credit limit increase and the HP for the CLI bother you personally?

It doesn't for me because HP's are a small factor and their effect tapers and falls off relatively quickly. However, for those with thin credit profiles and/or profiles with issues one can see a bigger impact. You can't just poll to determine how concernd you should be. You should look at your profile and assess it. Be careful assuming that you will qualify.

@red259 wrote:
I have never used a HP for a CLI. I never needed the credit that badly and I'd rather just get a new card. The way I view it is that I am likely to get more credit by applying for a new card than I would get asking for a CLI.

I don't really need the credit and I've used HP's to get CLI's. Don't just assume that you're more likely to get more by apping. Either way your credit profile and income determine what you quliafy for.

@red259 wrote:
I am really adverse to taking HPs though

Why? If an HP is a big hit for you then you have bigger issues you need to worry about than an HP. Don't just follow the crowd in obsessing over HP's.

Re: How concerned should I be about HPs?

vegastim13 — Wed, 17 Feb 2016 21:46:55 GMT

^ Agreed. Unless you're trying to get a card with a company that's particularly sensitive about HPs, it's not that big of a deal. I have over 15 on each except EX and still have a pretty solid score, get decent lines, etc..

Re: How concerned should I be about HPs?

Anonymous — Wed, 17 Feb 2016 22:02:18 GMT

CLIs are usually available every 6 months for Citibank credit cards. Of course, this does not guarantee an approval.

Some folks have been successful with getting CLIs on the DC @ activation. It usually requires another HP. If you want more spending power than take the HP. Taking a HP for a 5k+ CLI is worth it to me. Best of luck!

Re: How concerned should I be about HPs?

Anonymous — Wed, 17 Feb 2016 22:13:07 GMT

I've had a significant rise in income since last november. If I HP the account at anytime I would hope I could get a one and done and have a 20k SL.