topic Re: Citi DC CLI question in Credit Cards

Citi DC CLI question

jbradey — Wed, 02 Mar 2016 22:13:07 GMT

Ok so i got approved for the citi dc about a month is a half ago. I have been using it the most since its 2 percent cash back with 0%apr. I have been searching and it seems like they will allow a SP CLI around the 6 month mark. Well i logged into my account right after my 1st statement and it showed that i can request a CLI with no HP. I tried and was denied a CLI. I logged into my account today to pay the bill so my uti will read 0 when my statment comes out, i checked the request a CLI again and it says it will not be a HP. I don't want to push my luck so should i save the SP for say right after the 3rd statement?

Re: Citi DC CLI question

Anonymous — Wed, 02 Mar 2016 22:15:32 GMT

you can SP as many times as you want, but I would wait for at least 3 months, probably more like 6 months if I were you.

Re: Citi DC CLI question

Creditaddict — Wed, 02 Mar 2016 22:16:01 GMT

@jbradey wrote:
Ok so i got approved for the citi dc about a month is a half ago. I have been using it the most since its 2 percent cash back with 0%apr. I have been searching and it seems like they will allow a SP CLI around the 6 month mark. Well i logged into my account right after my 1st statement and it showed that i can request a CLI with no HP. I tried and was denied a CLI. I logged into my account today to pay the bill so my uti will read 0 when my statment comes out, i checked the request a CLI again and it says it will not be a HP. I don't want to push my luck so should i save the SP for say right after the 3rd statement?

it will simply send you denial that the account is to new... you could submit for a manual CLI with a hp which could be worth it... I've seen many many people go from under $6k to $25k limits with a manual cli request.

Re: Citi DC CLI question

mikelo22 — Wed, 02 Mar 2016 22:19:25 GMT

You may try as often as you'd like. I've never heard of any negative repercussions. SP CLI's are all automated anyways.

But I wouldn't bother trying again until Citi soft pulls your CR again. Until then, Citi will be looking at the same credit score as they did the last time they declined your request.

The 6 month rule only applies if your SP CLI request is granted. Though perhaps more rare, I have seen plenty of SP CLI's granted before the card ages 6 months; I myself got a CLI on my DC before it was 6 months old.

Re: Citi DC CLI question

jbradey — Wed, 02 Mar 2016 22:25:12 GMT

Thanks for the info i appreciate it. I think ill wait atleast until the 3rd statement is cut though

Re: Citi DC CLI question

Anonymous — Wed, 02 Mar 2016 22:33:42 GMT

I got my soft pull CLI right at 6 months from approval. Exactly 6 months later I requested a second soft pull and got it again.

Re: Citi DC CLI question

kdm31091 — Wed, 02 Mar 2016 22:34:51 GMT

Most people have no luck until the account is 6 months old. You can try, but success is usually limited with the SP until then.

Re: Citi DC CLI question

Anonymous — Thu, 03 Mar 2016 03:59:13 GMT

Have 3 Citi Cards... DC, Premier and Aadvantage.

Premier did grant a sp cli at 4th statement and denials stateing 6 months between after that.

DC has only granted clis at 6 months and there after.

Waiting to see if verbaige changes on 4th statement with Aadvantage as with the Premier.to a soft. Even if it does, more likely it will be a denial.

Citi seems pretty consistant on the sp clis as others have said every 6 months.

That said, may not even try (internal limits) Kind of curious about the upcoming costco card. Is it possible to have too many citi cards?

Re: Citi DC CLI question

mikelo22 — Thu, 03 Mar 2016 10:01:57 GMT

@Anonymous wrote:

That said, may not even try (internal limits) Kind of curious about the upcoming costco card. Is it possible to have too many citi cards?

I believe so. When I app'd for the Premier, I had to call in to an account specialist and reallocate some of my CL from my Forward and DC to my Premier in order to get approved. Reason was that I had hit my overall internal CL with Citi based upon my income. Citi was pretty nice about it though and they used the same HP for my app.

So if you're constantly hitting that SP CLI button without regard, you may find yourself hitting a wall and reaching the maximum allowed credit that Citi will extend to you based on income.

Re: Citi DC CLI question

kdm31091 — Thu, 03 Mar 2016 13:14:18 GMT

@mikelo22 wrote:
@Anonymous wrote:

That said, may not even try (internal limits) Kind of curious about the upcoming costco card. Is it possible to have too many citi cards?

I believe so. When I app'd for the Premier, I had to call in to an account specialist and reallocate some of my CL from my Forward and DC to my Premier in order to get approved. Reason was that I had hit my overall internal CL with Citi based upon my income. Citi was pretty nice about it though and they used the same HP for my app.

So if you're constantly hitting that SP CLI button without regard, you may find yourself hitting a wall and reaching the maximum allowed credit that Citi will extend to you based on income.

This would be true if the SP CLI were granted over and over, but it's not. Once you get one SP CLI, you're typically shut out for 6 months. So it's not like you can grow your limit rapidly.

Now, if you're just talking about over the long term, then I agree. But in the short term, hitting the button repeatedly won't do much.

Re: Citi DC CLI question

takeshi74 — Thu, 03 Mar 2016 13:36:18 GMT

@jbradey wrote:
I don't want to push my luck so should i save the SP for say right after the 3rd statement?

It's not about luck. It's about what your credit profile and your income qualify for. Either you qualify or you don't. If you're eligible to request you can make the request. Don't rely solely on time for an approval. Take their denial reasons and use that as a starting point on what to work on with your credit profile.