Re: CITI CLI Denied w/850 Score

Anonymous · ‎08-07-2018

My wife only got approved for 19k for her first Citi Card. That is her lowest limit. Even Barclay gave her 25k and 22k on her two Barclay cards. Seems Citi isn't that generous with their limits.

Also not sure why you are trying to get CLI on a card you don't use when you have an 850 score?

AverageJoesCredit · ‎08-07-2018

@Anonymous wrote:
My wife only got approved for 19k for her first Citi Card. That is her lowest limit. Even Barclay gave her 25k and 22k on her two Barclay cards. Seems Citi isn't that generous with their limits. REALLY??

Also not sure why you are trying to get CLI on a card you don't use when you have an 850 score? PROBABLY Same reason you chase bonuses, Op may find value in trying to get a cli. 850 allows him the opportunity to try.

FinStar · ‎08-07-2018

@Anonymous wrote:
My wife only got approved for 19k for her first Citi Card. That is her lowest limit. Even Barclay gave her 25k and 22k on her two Barclay cards. Seems Citi isn't that generous with their limits.

Also not sure why you are trying to get CLI on a card you don't use when you have an 850 score?

$19K SL isn't actually that bad for Citi and most people would be content with such an approval. IME, Citi has been generous, but everyone's "yard stick" for generosity will be different. Many individuals should be grateful, regardless.

And, echoing @AverageJoesCredit comment, it really shouldn't matter whether the OP's FICO score was 850, 750 or 650 to see whether they could qualify for the CLI.

Anonymous · ‎08-08-2018

@FinStar

And, echoing @AverageJoesCredit comment, it really shouldn't matter whether the OP's FICO score was 850, 750 or 650 to see whether they could qualify for the CLI.

I agree on the 750-850 thing and would probably nudge that range down to 720-850 or so, but disagree with 650. A score of 650 suggests the presence of either negative information or high utilization, both equating to greater risk. A greater risk profile is certainly a consideration in CLI qualification.

CreditMagic7 · ‎08-08-2018

@FinStar wrote:
@Anonymous wrote:
My wife only got approved for 19k for her first Citi Card. That is her lowest limit. Even Barclay gave her 25k and 22k on her two Barclay cards. Seems Citi isn't that generous with their limits.

Also not sure why you are trying to get CLI on a card you don't use when you have an 850 score?
$19K SL isn't actually that bad for Citi and most people would be content with such an approval. IME, Citi has been generous, but everyone's "yard stick" for generosity will be different. Many individuals should be grateful, regardless.

And, echoing @AverageJoesCredit comment, it really shouldn't matter whether the OP's FICO score was 850, 750 or 650 to see whether they could qualify for the CLI.

With Citi it's been my understanding for years that Citi (somewhat like Chase-a few others) are more focused on internal scoring ratings.

Now if it's a first time try with Citi that's anyone's guess whether a start line will be up or mediocre even if your FICO is rooftop.

Anonymous · ‎08-08-2018

I chase bonuses for free vacations. In the past year I have been to Disney World, Aruba, Ireland for two weeks, local ocean front for a week. All with free air fare and hotel For me and my family. Taking wife to Paris for her Birthday in 2 months and staying at 5 star hotel. Airfare and hotel once again free.

I already have six nights booked for Ritz Carlton in Aruba for free for next year. Will go to Switzerland next summer for free.

I call and lower all my Citi limits to 2k after meeting bonus.

I said I was curious why they were doing it. Seems pointless to me but maybe I was missing something.

Anonymous · ‎08-08-2018

@FinStar wrote:
OP, while your FICO score is very commendable, I'd be very curious to see what reason(s) were cited for the CLI decline. Of course, other than the obvious of possibly not using the card with sufficient usage or on a frequent basis given its current CL.

I also noticed you listed several CCs that were SD. Are you letting any balances report? If so, what types of balances are reporting (i.e. <1% or >1%)?

Ok, so I was mistaken, I thought it had been 7 months since my last increase but was only 5 months, hence the denial. The letter stated it was too soon for an increase since I already received one less than 6 months ago. I guess I won't try for another increase till next year.

None of my SD cards report a balance. I only have Discover, and on occasion either Cap1 or Amex report a small balance along with Discover. I'm also an AU on a card which reports a balance every month and is then PIF'd. I know the general rule of AZEO states only 1 card can report a balance but I've gotten away with 2, sometimes 3 cards report a small balance without dropping my score from 850. Perhaps my profile is in a different bucket when it comes to how many cards can report a blance.

As for why I wanted a CLI on an SD card? For the same reason I don't have to have a score over 800 for the best credit products but still feel the obsession to do so anyway. For the same reason a lot of folks have 20+ cards when they only really need 3 or 4. For the same reason I asked for CLI's on Discover and Amex way beyond what I would ever spend. If they're offering it why not take it. And for the unforeseen future, in the event I ever have to run up some debt to get me out of a bind, having more available credit will keep overall utilization low.

Gmood1 · ‎08-09-2018

Octopus, you don't have to wait till next year. Wait the required 181 days (now only 30 days or so) and try again. It doesn't hurt anything. Citi is pretty strict on the time period between CLIs.

Anonymous · ‎08-09-2018

@Anonymous wrote:
@FinStar wrote:
OP, while your FICO score is very commendable, I'd be very curious to see what reason(s) were cited for the CLI decline. Of course, other than the obvious of possibly not using the card with sufficient usage or on a frequent basis given its current CL.

I also noticed you listed several CCs that were SD. Are you letting any balances report? If so, what types of balances are reporting (i.e. <1% or >1%)?
Ok, so I was mistaken, I thought it had been 7 months since my last increase but was only 5 months, hence the denial. The letter stated it was too soon for an increase since I already received one less than 6 months ago. I guess I won't try for another increase till next year.

None of my SD cards report a balance. I only have Discover, and on occasion either Cap1 or Amex report a small balance along with Discover. I'm also an AU on a card which reports a balance every month and is then PIF'd. I know the general rule of AZEO states only 1 card can report a balance but I've gotten away with 2, sometimes 3 cards report a small balance without dropping my score from 850. Perhaps my profile is in a different bucket when it comes to how many cards can report a blance.

As for why I wanted a CLI on an SD card? For the same reason I don't have to have a score over 800 for the best credit products but still feel the obsession to do so anyway. For the same reason a lot of folks have 20+ cards when they only really need 3 or 4. For the same reason I asked for CLI's on Discover and Amex way beyond what I would ever spend. If they're offering it why not take it. And for the unforeseen future, in the event I ever have to run up some debt to get me out of a bind, having more available credit will keep overall utilization low.

There is no difference between 800 and 850. If you want more limit get a new card. It won't bring your score down much and you will get more limit than you will from a CLI from Citi. My wife varies between 790 to 815 and her norm is to get 25k from every new card. If you don't want to lower your AAOA get a business card. If you don't want to lower your AAOA and don't want a hard pull get an Amex Business card. But really at 850 who cares if you have a hard-pull or lower your AAOA it won't have any material affect on you. You will still have a score well over 800.

CITI CLI Denied w/850 Score

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