topic Re: Any Citi CC issues from 100% util 1 cycle? in Credit Cards

Any Citi CC issues from 100% util 1 cycle?

Anonymous — Tue, 17 Apr 2018 14:35:12 GMT

I wouldn't think this would cause AA on a sound credit profile (which I have) but I just wanted to throw it out there in case there have been examples of it.

I often run up my DC balance to around 50%-60% of the limit, but always PIF. This morning with about a week to go before the closing date I was sitting at about 68% utilization and needed to make a pretty large purchase. I called Citi first to inform them of it, just better safe than sorry of course and let them know I'd be very close to using all of my credit limit following the purchase. CS just asked a few basic questions and said no problem, thanks for letting us know. Post-purchase I'm now sitting at 96% utilization. I have another decent sized purchase that I want to make tomorrow or the next day, so I made a $1000 payment today to take down my balance enough to make that purchase. After that purchase posts, I'll be at about 98% utilization. Late this week I'm going to make a large payment to take me down to ~25% utilization before my statement cuts.

Anyway, this is the first time in a year of having the card that I've actually had to make a second payment during 1 cycle in order to use the card as much as I wanted to. I wouldn't think this is a bad thing on occasion and hopefully my call in to Citi to touch base was a good thing. I just wanted to hear from anyone that may have had a bad experience or horror story regarding a Citi account at maxed out utilization temporarily just to add to my anxiety a bit.

Re: Any Citi CC issues from 100% util 1 cycle?

Kforce — Tue, 17 Apr 2018 18:07:21 GMT

No info on having large Utill, however have had no issues with paying down 3-4 times during the month.

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Tue, 17 Apr 2018 19:15:12 GMT

So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?

Re: Any Citi CC issues from 100% util 1 cycle?

CreditCuriosity — Tue, 17 Apr 2018 20:26:36 GMT

That is what the credit is there for is to use it.. As long as they get paid they should be happy. See no issues here at all.

Re: Any Citi CC issues from 100% util 1 cycle?

Kforce — Tue, 17 Apr 2018 21:14:48 GMT

@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?

I think I got it to about 50-60%, not near 98%, then paid it down.

I do not believe there would be a problem if you are paying it down before the statement cuts.

Re: Any Citi CC issues from 100% util 1 cycle?

Gregory1776 — Tue, 17 Apr 2018 22:25:53 GMT

Wait, what’s your credit limit? It’s not in the siggy lol.

And why didn’t she just increase the limit for you?? Using ~50% of a credit limit and PIF, for many months, and your awesome profile (😜) I’d think they’d increase it,....... 🤔🤔🤔

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Tue, 17 Apr 2018 23:17:37 GMT

IMHO let your credit work for you, don't work for it. I just ran up my new Citi DC to 75% with a tax payment. If they want to take AA then good for them, I'll glady drop Citi and never give them my business.

I agree with Greg that running up the balance and paying in full couldn't hurt getting a credit limit increase, and I sure need it because Citi gave me a ridiculously low starting limit.

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Tue, 17 Apr 2018 23:37:03 GMT

@Gregory1776Wait, what’s your credit limit? It’s not in the siggy lol.

$12,300 is my current limit. Looking to bump that up in 2-3 weeks once my account crosses the 1 year mark.

I agree with what you said above, CC, that your available credit is there to use it. It's rare that I take a card to it's limit. In fact, I'm not sure I ever have. I know that I've never had to make multiple payments on any card in order to use it as much as I wanted.

Re: Any Citi CC issues from 100% util 1 cycle?

UpperNwGuy — Wed, 18 Apr 2018 00:03:37 GMT

@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?

Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.

Re: Any Citi CC issues from 100% util 1 cycle?

UpperNwGuy — Wed, 18 Apr 2018 00:04:55 GMT

@CreditCuriosity wrote:
That is what the credit is there for is to use it.. As long as they get paid they should be happy. See no issues here at all.

That may make sense to YOU, but it doesn't always make sense to the bank. See my post above.

Re: Any Citi CC issues from 100% util 1 cycle?

Adkins — Wed, 18 Apr 2018 00:51:41 GMT

@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?

No, in fact I asked for more credit when the card was at ~95% use, and got it, which lowered the utilization to ~80%. We paid the card off four months after that and then got an auto increase of $3.5K without us asking. We always paid 4 to 5 times the minimum when the card was nearly maxxed. Citi didn't seem concerned but they were getting $$ in interest. (Never again, btw!)

Re: Any Citi CC issues from 100% util 1 cycle?

Gregory1776 — Wed, 18 Apr 2018 01:35:24 GMT

@UpperNwGuy wrote:
@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?
Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.

Tbh, I wouldn’t be surprised. Why would you run up 40K on a Credit Card and not pay it off quick...? ☹️

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Wed, 18 Apr 2018 01:40:14 GMT

@UpperNwGuy
Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.

I'm surprised that you chose to close the card, effectively putting it at maxed-out utilization for 4 years rather than just keep it open but cut it up / stop using it and pay down the balance while keeping your $40k CL as part of your utilization denominator.

Re: Any Citi CC issues from 100% util 1 cycle?

CreditCuriosity — Wed, 18 Apr 2018 01:43:02 GMT

@UpperNwGuy wrote:
@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?
Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.

Gotta ask you why you ran it up to 40k and then took 4 years to pay it off? That had to of hurt..

I don't believe your situation is normal as you certainly weren't a person that PIF or even the majority of the CL if I am understanding your post correctly? Sounds like they rate jacked you for prolonged periods of carrying balances unless I am misunderstanding you? Just in the past 2 weeks I have got two separate APR reduction of a total of 8% each -- so obviously many things factor into these things. will hit them up next week and go for another APR reduction on the card as got my last two approved.

Re: Any Citi CC issues from 100% util 1 cycle?

tcbofade — Wed, 18 Apr 2018 01:55:31 GMT

...back to the original question for a moment, once upon a time, an emergency car repair got split over several credit cards...including Citi Simplicity...statement cut somewhere around 99%, and we had no difficulties, no AA, no problems.

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Wed, 18 Apr 2018 02:16:27 GMT

@tcbofade...back to the original question for a moment, once upon a time, an emergency car repair got split over several credit cards...including Citi Simplicity...statement cut somewhere around 99%, and we had no difficulties, no AA, no problems.

Good to know, especially with maxed out utilization reported. I've never reported more than 60% or so on my Citi card, only taken it to maxed out in between reportings.

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Wed, 18 Apr 2018 02:33:40 GMT

Well, you PIF so running it that high before statement close doesnt matter.

Re: Any Citi CC issues from 100% util 1 cycle?

Anonymous — Wed, 18 Apr 2018 02:46:21 GMT

@AnonymousWell, you PIF so running it that high before statement close doesnt matter.

It could. If you barely use the card one cycle and then use it extremely heavily the next, you could PIF and still report near maxed-out utilization. Your PIF would be based on a very low previous statement balance, say a few hundred bucks, then if you make $9k+ in purchases on a $10k limit card (for example) and just PIF the few hundred bucks statement balance, you'll end up reporting > 90% maxed out utilization.

Re: Any Citi CC issues from 100% util 1 cycle?

UpperNwGuy — Wed, 18 Apr 2018 03:05:19 GMT

@Gregory1776 wrote:
@UpperNwGuy wrote:
@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?
Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.
Tbh, I wouldn’t be surprised. Why would you run up 40K on a Credit Card and not pay it off quick...? ☹️

Long, ugly divorce proceeding.

Re: Any Citi CC issues from 100% util 1 cycle?

UpperNwGuy — Wed, 18 Apr 2018 03:04:43 GMT

@CreditCuriosity wrote:
@UpperNwGuy wrote:
@Anonymous wrote:
So you were just making 3-4 payments simply because you wanted to, not because you had to due to reaching max utilization then. I gotcha on that.

Anyone else that topped out their utilization and saw anything adverse happen as a result?
Yep, it happened to me. About ten years ago I had a Citi AAdvantage card with a $40,000 credit limit. I topped out my utilization at 99%. They punished me by raising my APR from 13% to 20%. I got the message. I called them up and asked them to shut down the credit card. Then I paid off the $40,000 I owed them over the next four years.
Gotta ask you why you ran it up to 40k and then took 4 years to pay it off? That had to of hurt..

I don't believe your situation is normal as you certainly weren't a person that PIF or even the majority of the CL if I am understanding your post correctly? Sounds like they rate jacked you for prolonged periods of carrying balances unless I am misunderstanding you? Just in the past 2 weeks I have got two separate APR reduction of a total of 8% each -- so obviously many things factor into these things. will hit them up next week and go for another APR reduction on the card as got my last two approved.

Long, ugly divorce proceeding.