topic Re: Who In General Gives Larger Credit Limits Citibank or Amex? in Credit Cards

Who In General Gives Larger Credit Limits Citibank or Amex?

Jazee — Thu, 26 Sep 2024 21:49:46 GMT

All things being equal who most likely would give a higher credit limit? (My specific data 720-760 FICO8, 45% UTI, total monthly debt/housing payments is ~25-28% of gross income)

Looking at Citi Double Cash vs Amex Blue Everyday.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

JoeRockhead — Thu, 26 Sep 2024 22:15:40 GMT

My vote would be Amex, and even if the SL is on the lower end it's generally easier to grow limits with Amex.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Kforce — Thu, 26 Sep 2024 23:57:57 GMT

@JoeRockhead wrote:
My vote would be Amex, and even if the SL is on the lower end it's generally easier to grow limits with Amex.

^^^^ This

For me the Amex is much better on both starting and growing.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Creditwiser — Fri, 27 Sep 2024 00:00:53 GMT

Definitely Amex !

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

FicoMike0 — Fri, 27 Sep 2024 03:01:02 GMT

I go with joe. Amex will do a cli at 91 days too. They also go 3X on cli.

Btw, whoever you go with, getting the uti down will help.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Anonymous — Fri, 27 Sep 2024 03:44:13 GMT

@FicoMike0 wrote:
I go with joe. Amex will do a cli at 91 days too. They also go 3X on cli.
Btw, whoever you go with, getting the uti down will help.

Well, may do a CLI at 91 days which might be up to 3x. Yes, pretty common but not a guarantee....

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

FicoMike0 — Fri, 27 Sep 2024 04:10:33 GMT

@Anonymous

You're correct. I didn't mean to suggest it was a sure thing, just that they will consider it.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Jazee — Mon, 30 Sep 2024 16:47:29 GMT

@Anonymous wrote:
@FicoMike0 wrote:
I go with joe. Amex will do a cli at 91 days too. They also go 3X on cli.
Btw, whoever you go with, getting the uti down will help.
Well, may do a CLI at 91 days which might be up to 3x. Yes, pretty common but not a guarantee....

The only thing is if I'm applying primarily for Balance Transfer then that's 3-months off the intro APR period before I can use the additional credit limit for BT. I generally use my Navy Signature for a purchases with 2% on everything and 3% on anything travel related without having to book through them. I know there are cards you can eek out some more rewards than that, but overall it's an above average reward card that's simple to use. I like the Amex Everyday over the Citi Double Cash as once I paid off the BT I wouldn't bother using that card at all since my Navy Sig has better rewards whereas, except for travel related, I'd use the Amex Everyday for everything since it beats the Navy Sig overall if you spend a lot in those categories plus I have a Disney bundle so that's another benefit.

The other issue is I am self employed and just started another business that has increased my income significantly but if Amex requests a 4506-C it's not going to show that income on my past taxes.

So kind of up in the air about which. I know Citi is sensitive to inquiries and I have 0/24 so maybe I just apply them first and see if I can get the Amex right after as additional bonus. Citi from what I can tell though sounds easier to get so I could always reverse it and try Amex first. Of course if one prequals me and the other doesn't that will simplify the decision.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

SunriseEarth — Sun, 06 Oct 2024 05:33:38 GMT

IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Jazee — Mon, 07 Oct 2024 19:22:43 GMT

@SunriseEarth wrote:
IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"

I've heard US Bank is notorious for giving very low starting limits ($500 frequently mentioned). Which means if I want to take advantage of a intro APR, that is basically a waste of an application if they typically start you out very low. As by the time you've got enough CLIs, the intro period is far gone.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Anonymous — Wed, 09 Oct 2024 20:06:03 GMT

@Jazee wrote:
@SunriseEarth wrote:
IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"
I've heard US Bank is notorious for giving very low starting limits ($500 frequently mentioned). Which means if I want to take advantage of a intro APR, that is basically a waste of an application if they typically start you out very low. As by the time you've got enough CLIs, the intro period is far gone.

It is hit-or-miss and YMMV. When I got my first U.S. Bank CC I was just hoping to get a SL of at least $1,500 and hopefully up to $3,000. I was pleasantly shocked at a SL of $7,500.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Lou-natic — Sun, 13 Oct 2024 00:17:20 GMT

@Jazee wrote:
@SunriseEarth wrote:
IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"
I've heard US Bank is notorious for giving very low starting limits ($500 frequently mentioned). Which means if I want to take advantage of a intro APR, that is basically a waste of an application if they typically start you out very low. As by the time you've got enough CLIs, the intro period is far gone.

If you are asking yourself "is my credit good enough for USB?" It's probably not good enough. my first USB cards limit is still my lowest limit even after 2 years and another approval with them that was higher than any of my Citi approvals. Makes no sense to me but there you go.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

yam1rts — Sun, 20 Oct 2024 11:56:35 GMT

Straight answer is Amex! In addition Amex does 3x CLI’s with no IV up until 23k-25k, they’ll approve more with IV. However, If your long shot is using balance transfers then Citi has better options like the Diamond Preferred or the new Simplicity.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Jnbmom — Sun, 20 Oct 2024 12:01:19 GMT

@yam1rts wrote:
Straight answer is Amex! In addition Amex does 3x CLI’s with no IV up until 23k-25k, they’ll approve more with IV. However, If your long shot is using balance transfers then Citi has better options like the Diamond Preferred or the new Simplicity.

Not always true with IV. DH has a card 11k limit stuck forever he was eligible to apply for CLI just asked to increase to 15K requested IV.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Gregory1776 — Mon, 21 Oct 2024 11:01:07 GMT

@Jazee wrote:
@SunriseEarth wrote:
IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"
I've heard US Bank is notorious for giving very low starting limits ($500 frequently mentioned). Which means if I want to take advantage of a intro APR, that is basically a waste of an application if they typically start you out very low. As by the time you've got enough CLIs, the intro period is far gone.

Idk I think it really depends - I opened my cash+ and got a 2K SL. I don't quite remember when I got it but it got raised to 12K soon, and later 20k soon afterwards. Got an 14.4k sl on the platinum. They've been good to me at least. I use very little of the credit limit they've granted me and PIF each of my accounts (both are now cash+) I have not opened too many accounts. 2 in the past two years and fewer than that the 2 years prior.
US BANK relationship started in 2017.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Berk — Fri, 08 Nov 2024 18:51:35 GMT

As others have said, YMMV. Here is my anecdotal data. All my scores are 800+. I have 2 cards with Amex. One a charge and the other a credit. I have been stuck at 35K on my Amex credit card for about a decade unless I want to submit Form 4506-T. When it comes to Citi, I have 5 cards from them with the highest limit being 40K and the lowest 7K with an overall exposure of over 100K.

For me it was Citi who gave me the larger limits.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Jazee — Sat, 09 Nov 2024 19:50:17 GMT

@Berk wrote:
As others have said, YMMV. Here is my anecdotal data. All my scores are 800+. I have 2 cards with Amex. One a charge and the other a credit. I have been stuck at 35K on my Amex credit card for about a decade unless I want to submit Form 4506-T. When it comes to Citi, I have 5 cards from them with the highest limit being 40K and the lowest 7K with an overall exposure of over 100K.

For me it was Citi who gave me the larger limits.

How do you know you'd have to submit form 4056-T? My understanding is if they request it and you decline they close your accounts.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Berk — Sat, 09 Nov 2024 20:16:46 GMT

Because when I applied for a CLI they told me I had to submit 4506-T to be considered for an increase. And, no, Amex does not close accounts if you refuse to submit the form. They just don't issue you a CLI. I've been a member since 2007 and have never had Amex take any AA against me. Of course, I have never done anything that would invite them to take AA either. I keep my end of the agreement and they keep theirs.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

FicoMike0 — Sat, 09 Nov 2024 22:43:55 GMT

My experience goes with amex.

first card bce, initial $6000, six months auto cl I to $9000, 12 months request approved to $27,000.

Second card hilton white, initial $1,000 (same month as $27,000 cli), 91 days request approved $3,000.

All instant approvals, no poi.

With usb,

first card connect $2,000, twice rejected cl I (now in month 9) due to low tu turd score. Tu fico 8&9 > 800.

Second card shoppers $7,000, rejected by turd (now in month 7).

All instant again.I

Right now I'm 5/12 on new accounts, I think that's a big turd in my cli punch bowl. It looks like Us b had bought into TransUnion Rapid Default Model Version 1 for clis. They might us it for initial cl as well.

Re: Who In General Gives Larger Credit Limits Citibank or Amex?

Jazee — Thu, 21 Nov 2024 19:59:26 GMT

@Lou-natic wrote:
@Jazee wrote:
@SunriseEarth wrote:
IME, the answer to the question "who In General Gives Larger Credit Limits Citibank or _____" is usually "_____"
I've heard US Bank is notorious for giving very low starting limits ($500 frequently mentioned). Which means if I want to take advantage of a intro APR, that is basically a waste of an application if they typically start you out very low. As by the time you've got enough CLIs, the intro period is far gone.
If you are asking yourself "is my credit good enough for USB?" It's probably not good enough. my first USB cards limit is still my lowest limit even after 2 years and another approval with them that was higher than any of my Citi approvals. Makes no sense to me but there you go.

USB Altitude Connect approved for $12K SLI.