Hello, I’m a newbie and I have a question. I first got my Citi back in 2017 with a SL of $2K. I requested an increase after 90 days and it now sits at $3K. I have been getting promotional emails and pop ups from Citi inviting me to request for CLI. I’m a 20 yr old pre-Med student with an income of $22K. Back in Dec, I used my cards to the max for points and did not pay it 4 days before my statements cut (as instructed by my parents) which then reported a high balance. My score plummeted from 750’ish-576. Live and learn and never again.
My score is now climbing back up, 718 in Feb accdg to Citibank’s website and 738 according to Equifax. I’m sure this month will see another increase after all my cards report. I have a total CL of $15,500 with UTI of less than 1%.
So I hit the luv button on March 1st and instant denial. The reason given to me was a low score and it was the Jan one. They still keep sending me emails inviting me to apply for CLI so stupid me tried it again and another denial. Score from Jan (Equifax) was cited as the reason. Should I wait to request one in May? Regarding AMEX, the scores shown seem to be behind as well. Do you recommend I ask for CLI in May as well when my score hits above 740? Thank you in advance.
AAOA -16 months
Amex Delta Blue -$6200 SL $3100 (CLI after 4 months)
AMEX SPG - $2000
AMEX BCE - $2800
AMEX Clear - $1000
Citibank - $3000
Alaska - $500
Using my iPhone so please excuse any typos.
This is purely a guess but if your score was 750 when Citi approved you and now it’s 718, that may be the reason for the declined CLI.
Also, everything you’re receiving is most likely marketing materials. Pay those no mind.
Also, I’m impressed that a 20-yr old acknowledged lesson-learned when he didn’t follow parent’s advice.
Just give it 3-6 months and you’ll be back on track.
And congrats on your credit portfolio.