Today, I applied for a CITI Diamond Credit Card and got approved for $11K. My Experian credit report got triggered and I was hit with one hard inquiry.
And I am planning to request a CLI on one of my existing Citi Cards. I knew that for the initial CLI approval, they use the existing Experian report. If I wish to request for a higher credit limit than what was offered - Will I be pulled another credit report and does it count towards another hard inquiry on my credit report (or) will it be just one hard inquiry for the CITI Diamond Credit Card Approval and the CLI on the another CITI Card?
Please do shed some light on this. Thanks and I appreciate your help.
Yes, you will get another HP, if you opt for it, assuming your SP CLI is granted.
It will count as separate HP on your CR which may or may not affect your score depending on number of HPs you have.
I stop losing points at around 7 or 8 HPs, depending on CRA, scorable or not.
If your other Citi card has the SP language, we will not pull a credit report, then no, you will not receive another hard pull. If it does not have soft pull language, then yes, you will teceive a second separate hp. Citi does not share one hp for multiple requests ( new credit application, cli requests, etc)