topic Re: CITI CLI- Request More? in Credit Cards

CITI CLI- Request More?

Credit_hawk — Tue, 27 Sep 2016 22:18:25 GMT

Hey guys, I have an 8k DC. I just my hit my 7th month and requested a CLI. I got $1,600 on a soft pull and am now at $9,600. It allows to request more with a hp. What do you think? Go for it or leave it? If I leave it does it mean I have to wait 6 months even for a hp CLI? Thanks!

Re: CITI CLI- Request More?

kdm31091 — Tue, 27 Sep 2016 23:05:45 GMT

Do you need more? 9,600 is a pretty good limit unless you are using the card constantly and running close to the limit or have a large purchase planned.

No reason to waste a pull if you feel the limit is sufficient.

Once you get a SP CLI, you have to wait 6 months for another one. I don't think it applies to HP increases but not too sure. Either way if you don't need it, leave it alone.

Re: CITI CLI- Request More?

Credit_hawk — Wed, 28 Sep 2016 03:43:20 GMT

@kdm31091 wrote:
Do you need more? 9,600 is a pretty good limit unless you are using the card constantly and running close to the limit or have a large purchase planned.

No reason to waste a pull if you feel the limit is sufficient.

Once you get a SP CLI, you have to wait 6 months for another one. I don't think it applies to HP increases but not too sure. Either way if you don't need it, leave it alone.

Nerdwallet or TPG need to hire you. The voice of financial reason. I'm giggling at how you told me I don't need anymore. Very authoritative. lol

Re: CITI CLI- Request More?

Uncle_Money — Wed, 28 Sep 2016 15:17:25 GMT

My question is how many inquiries do you have?

The only way I would say go for it is if you have zero inquires (or close to zero) and you're confident you're going to get a much higher limit when it's looked at by an analyst but there's never a guarantee on what you'll get.

Other than that, I agree that if the increase is not absolutely necessary, I would skip the hard pull.

My own personal rule is to use hard pulls for new credit products ONLY. I would not take a hard pull for a CLI - again, unless I had zero inqs, wasn't planning on apping anytime soon and it was absolutely necessary but I'm yet to do that.

Just my two cents.

Re: CITI CLI- Request More?

Anonymous — Thu, 29 Sep 2016 10:31:49 GMT

@kdm31091 wrote:
Do you need more? 9,600 is a pretty good limit unless you are using the card constantly and running close to the limit or have a large purchase planned.

No reason to waste a pull if you feel the limit is sufficient.

Once you get a SP CLI, you have to wait 6 months for another one. I don't think it applies to HP increases but not too sure. Either way if you don't need it, leave it alone.