topic Re: Citi Max Exposure in Credit Cards

Citi Max Exposure

Anonymous — Tue, 12 Nov 2019 13:02:14 GMT

Hi! Curious if Citi has standard Max exposure guidelines? I have an 18K simplicity and $34K AA WEMC. Looking to add the double cash to my portfolio. Wondering if they approve if it’s likely to be a small limit due to the other two. Coming up in Dec for my SP attempts in CLI.

Re: Citi Max Exposure

CramEiko — Tue, 12 Nov 2019 13:48:15 GMT

@Anonymous wrote:
Hi! Curious if Citi has standard Max exposure guidelines? I have an 18K simplicity and $34K AA WEMC. Looking to add the double cash to my portfolio. Wondering if they approve if it’s likely to be a small limit due to the other two. Coming up in Dec for my SP attempts in CLI.

Well, it all depends on the rest of your profile. Maybe someone will have your exact answer shortly.

Good Luck!

Re: Citi Max Exposure

BH1985 — Tue, 12 Nov 2019 13:57:38 GMT

I believe Citi's aggregate exposure is limited to 48% of your reported income.

I believe American Express generally follows this guideline as well.

Someone will correct me if I'm wrong.

Re: Citi Max Exposure

AverageJoesCredit — Tue, 12 Nov 2019 15:19:15 GMT

Yes Citi has Max exposure but more than likely it is determined by many factors like income, assets, and profile. General rules like 50 % of your income is a nice go to standard but that could be just a general idea. I cant get any cli on my core Citi cards because im at max exposure among all Citi cards, legacy and retail .Funny thing is im way over 100% in relations to my income

Re: Citi Max Exposure

MrDisco99 — Tue, 12 Nov 2019 18:50:58 GMT

I'm well over 50% of income for Amex.

On the other hand, BoA extended me exactly 50% of what I stated for income and nothing more.

Citi may have a similar cap, but I'm not there yet.

Re: Citi Max Exposure

Peteyglad — Tue, 12 Nov 2019 19:01:31 GMT

I think income comes into play as well when talking about percenages. When I was making 50k I easily got above 50% with individual creditors. I think Amex may have been the highest at roughly 75% or so. Now that I am claiming over 4 times that amount I haven't been able to even eclipse the 45% mark yet with any creditors and it feels like I am pretty tapped out at the time with CLI's.

Re: Citi Max Exposure

Aim_High — Tue, 12 Nov 2019 19:10:38 GMT

It would be interesting to see what anyone reports at maximum total credit lines for CITI compared to their Data Points for Income, Credit Score, DTI, and relationship. It probably also depends on how actively you've used (and paid off) your other cards. I imagine all those come into play somewhat.

I was on a run with Chase and think I came close to breaking their total exposure formula.

I believe it factors in annual debt payments.

So annual income divided by 2;

then minus annual debt payments (mortgage, car loans, student loans, credit cards etc ... monthly x 12);

equals maximum credit exposure.

In my case, the figure ended up around $138K total, and that was without a banking relationship.

Bank of America is another large bank like Chase and CITI. They seem more conservative. It seems many on this forum have hit a glass ceiling at $99,900, even with thick files, very high income, low debt, and banking relationship.

As for use, if they've given you lines of $34K and $18K but you've left them SD'd or had a maximum balance of $500, they might low-ball you since it doesn't appear you need more.

It seems with some lenders and postings by My FICO forum members, that the "50% of income" guideline is not always true. Sometimes, people with even fairly low incomes are reporting total credit lines with some lenders greater than 50% of stated income.

Re: Citi Max Exposure

AverageJoesCredit — Tue, 12 Nov 2019 19:25:57 GMT

Boa will not budge for me based off income. 1 card and done apparently for life. I checked Amex, my limits combined ewual out to about Boa as well. Navy and Disco have no issue with coming close to 100%

Re: Citi Max Exposure

Anonymous — Wed, 13 Nov 2019 14:20:08 GMT

Way over 50%, like AJC said, Citi will go MUCH higher depending on other factors, DTI, history, ect

Re: Citi Max Exposure

Anonymous — Wed, 13 Nov 2019 18:43:25 GMT

@AverageJoesCredit wrote:
Navy and Disco have no issue with coming close to 100%

If that's the case, then I should be able to get up to $50K CL with Discover!

Re: Citi Max Exposure

AverageJoesCredit — Wed, 13 Nov 2019 19:28:26 GMT

Lol you should " theoritically " @Anonymous man if made 50k id be Average @Gmood1 Joe

Re: Citi Max Exposure

MrDisco99 — Wed, 13 Nov 2019 19:28:38 GMT

So an update...

Last May I got my semi-annual CLIs from Citi...

DC $12K to $14K

Premier $15K to $17K

Then in August I hit the 24 month clock and signed up for a second Premier card for the 60K SUB. They gave me $9200 SL, which I thought was a weird number. I also downgraded the Premier to the Rewards+.

Today I reached 181 days since the last CLI. Soft pull language was on the site. I hit the love button on all three. No love on any of them.

Looks like I'm locked in at $40,200 total, which is a good bit less than 50% of my declared income, even if I factor in a year of mortgage payments. I guess they decided they have me on a long enough leash.

Waiting to see what they say in their letter.

Re: Citi Max Exposure

Anonymous — Wed, 13 Nov 2019 21:04:44 GMT

On a side question, I'm curious if a recent HP for a new account resets a fresh run of SP CLI's? Prior to my recent app for the CitiBiz AA card, i was no longer able to get SP CLI's with them. So I got to tehinking that with that recen app, maybe I could go off that HP?

I don't know how Citi handles their accounts.

Re: Citi Max Exposure

K-in-Boston — Wed, 13 Nov 2019 22:41:02 GMT

Citi, like American Express and BoA (as long as you can get past the $99.9k hurdle), technically have no maximum exposure as long as your profile supports it. All 3 lenders can and do issue revolving credit cards with 7-digit credit limits (I would have to go back and look for the post, but I also believe that Pooka mentioned seeing an Amex SPG card with an 8-digit credit line).

Income is not the one-size-fits-all for maximum exposure, though. I'm not above 40% with any lender, and while Discover is known to give credit lines close to the full income reported by some people I can't even crack 5% after 3.5 years.

Re: Citi Max Exposure

Aim_High — Wed, 13 Nov 2019 23:29:38 GMT

@K-in-Boston wrote:
Citi, like American Express and BoA (as long as you can get past the $99.9k hurdle), technically have no maximum exposure as long as your profile supports it. All 3 lenders can and do issue revolving credit cards with 7-digit credit limits (I would have to go back and look for the post, but I also believe that Pooka mentioned seeing an Amex SPG card with an 8-digit credit line).

Income is not the one-size-fits-all for maximum exposure, though. I'm not above 40% with any lender, and while Discover is known to give credit lines close to the full income reported by some people I can't even crack 5% after 3.5 years.

+1 ^^^^^

I have seen this firsthand myself as my income has gone up substantially in the past ten years (along with my credit scores in recent years.) It appears to me that income is a key element but without sustained large spending with that lender (or substantial assets invested), credit lines will only grow to a limited point, regardless of credit score or income. For example, I make an excellent salary but at this phase of my life approaching retirement, I don't live the lifestyle that I could afford to lead since I'm saving heavily. So the income and credit score (without the high spending to demonstrate I need more credit) will only take me so far up the credit limit ladder. But that's fine too, because I don't need the super-high limits that it appears some on this forum actually *USE* on a regular basis to justify them. I'm never going to be a "high roller."

I've also hit a "ceiling" with Discover. Even though I have a $50K limit on one card, it's well under 50% of my income and they recently approved me for only $1K on a new card. When I speculated that $50K was potentially a significant limit for Discover (like the $99.9K at BofA), others suggested that DPs indicate limits can go much higher. @K-in-Boston , what do you think distinguishes these profiles from others? Is it the amount of spending put through on the cards?

Also, when you mentioned .... "BoA (as long as you can get past the $99.9k hurdle) ..., I know this has personally affected you. What do you think it takes to bust through the $99.9K limit with BofA?? Is it spending on accounts and/or large investments? I know Raj recently posted a Premium Rewards approval for a healthy (for that card) $35K and it sounds like he exceeded that as he reported several other business and personal lines still intact after that approval. But it sounds like he has major business spending.

I am trying to understand the differences in profiles but sometimes our members don't give enough DPs to assist in understanding. Within reason, I'm just trying to take my limits to their potential but not trying to be unrealistic either.

Re: Citi Max Exposure

K-in-Boston — Thu, 14 Nov 2019 02:12:08 GMT

I'm not sure if there is any one factor, or two. Likely has a lot to do with individual profiles. Those with exposures higher than $100k with certain lenders likely have substantial incomes as well as assets. My own experience with BoA is that I do not have substantial depository accounts with BoA/Merrill Lynch/Merrill Edge, only BoA as my primary checking. Insufficient deposity balances has been my sole decline reason once I hit $99.9k. Amex is a different beast. I am at $74,500 across revolvers right now and future growth appears to be slow or not happening even though I spent 6 digits with them last year (and over $75k on one card alone). There are others here with similar Amex exposure that might only put a few thousand a year through their Amex cards.

Citi sees minimal spend and they give me minimal exposure in return. LOL

Re: Citi Max Exposure

Gmood1 — Thu, 14 Nov 2019 10:54:51 GMT

Right now I sit at $44,500 across 3 personal legacy CCs with Citi. My HD business CC is $9k, if I'm not mistaken. 1 Business legacy CC $3k.
Probably topped off, not for sure though.

Re: Citi Max Exposure

Anonymous — Thu, 14 Nov 2019 20:26:43 GMT

@Anonymous wrote:
On a side question, I'm curious if a recent HP for a new account resets a fresh run of SP CLI's? Prior to my recent app for the CitiBiz AA card, i was no longer able to get SP CLI's with them. So I got to tehinking that with that recen app, maybe I could go off that HP?

I don't know how Citi handles their accounts.

As an update and DP's

I decided to just take the chance and request a CLI hoping they would use that new HP, and they approved me for $2K increase!

So I guess it does work. Now I'll have to test it out again in 6 months to see if I'm back in rotation.