Is Citi a conservative lender?

Anonymous · ‎08-27-2016

What do you guys all think?

Gmood1 · ‎08-27-2016

Conservative in SL? Most definitely!

Anonymous · ‎08-27-2016

@Gmood1 wrote:
Conservative in SL? Most definitely!

Conservative regarding credit lines, approvals and APR's.

Gmood1 · ‎08-27-2016

They do seem new accounts sensitive. From reading other members responses, the given APRs are higher than you'd think for a tier 1 score. Honestly the APRs don't concern me as I do not carry balances unless it's 0%. I don't even know what the APR is for my one and only Citi card. Lol

CreditMagic7 · ‎08-27-2016

@Gmood1 wrote:
Conservative in SL? Most definitely!

I tend to lean to this answer also.

Starting out what? some 3 years ago i still recall accepting a Citi mailer for the CDP card and was issued a soft $800 SL which was par for the course given my profile was very young and early in my building phase.

Opting away from any HP's during this time i have taken the SP CLI route with them ever since and today find my limit standing at an ok $6400.

Conservative? Indeed so but IMHO only as concern their introductory cards which they have many. You can probably step right into the mix with them and see a better start line if you're interested and can make good use of some of their higher tier cards which carry an AF.

Anonymous · ‎08-28-2016

@CreditMagic7 wrote:
@Gmood1 wrote:
Conservative in SL? Most definitely!
I tend to lean to this answer also.
Starting out what? some 3 years ago i still recall accepting a Citi mailer for the CDP card and was issued a soft $800 SL which was par for the course given my profile was very young and early in my building phase.

Opting away from any HP's during this time i have taken the SP CLI route with them ever since and today find my limit standing at an ok $6400.

Conservative? Indeed so but IMHO only as concern their introductory cards which they have many. You can probably step right into the mix with them and see a better start line if you're interested and can make good use of some of their higher tier cards which carry an AF.

I think they're conservative in credit limits depending on the card. While they tend to give out low limits for cards like the DC and Preferred on other ones like Prestige, AA Executive and even the AA card they will give out hefty starting limits. Of course everything is dependent on your overall profile but Citi has been very generous to me with their limits,

Anonymous · ‎08-28-2016

I applied for Diamond Perferred and was approved for 1K. Called and asked for a CLI upon activation. Got a HP and a lousy $500 increase. Just closed the card yesterday.

When I was approved 3 months ago my EQ FICO 8 was 730, had 9 inqs, 5% util and ZERO baddies, AAOA was 3.4 years.

I will never apply for their products again.

Anonymous · ‎08-28-2016

@Anonymous wrote:
@CreditMagic7 wrote:
@Gmood1 wrote:
Conservative in SL? Most definitely!
I tend to lean to this answer also.
Starting out what? some 3 years ago i still recall accepting a Citi mailer for the CDP card and was issued a soft $800 SL which was par for the course given my profile was very young and early in my building phase.

Opting away from any HP's during this time i have taken the SP CLI route with them ever since and today find my limit standing at an ok $6400.

Conservative? Indeed so but IMHO only as concern their introductory cards which they have many. You can probably step right into the mix with them and see a better start line if you're interested and can make good use of some of their higher tier cards which carry an AF.
I think they're conservative in credit limits depending on the card. While they tend to give out low limits for cards like the DC and Preferred on other ones like Prestige, AA Executive and even the AA card they will give out hefty starting limits. Of course everything is dependent on your overall profile but Citi has been very generous to me with their limits,

Makes sense. Believe it or not... Or I guess at least in my opinion, their higher cards (those that aren't bottom level or introductory) are for those who have a good income or those who really, really travel a ton, so I could see Citi being less cautious with those customers.

The Prestige, AAdvantage Executive World Elite, and the Hilton HHonors are the only cards I could see Citi giving a gernous credit line to.

AverageJoesCredit · ‎08-28-2016

I agree with my limited time with Citi either their cards like DC, only one i have tbh, and even on their cobranded. Im sure your profile is a big factor as well but so far even if you are doing everything right and ask for cli to improve your current cl, sometimes they just dont budge and dont even counter. This has been my experience my last two times requesting cli for my DC and my Best Buy. Its worse when you use up a hp and have nothing to show for it

. But id also imagine perhaps my income also prevents me from going any higher but i guess thats why they are Citi, not Synchrony

Anonymous · ‎08-28-2016

@AverageJoesCredit wrote:
I agree with my limited time with Citi either their cards like DC, only one i have tbh, and even on their cobranded. Im sure your profile is a big factor as well but so far even if you are doing everything right and ask for cli to improve your current cl, sometimes they just dont budge and dont even counter. This has been my experience my last two times requesting cli for my DC and my Best Buy. Its worse when you use up a hp and have nothing to show for it . But id also imagine perhaps my income also prevents me from going any higher but i guess thats why they are Citi, not Synchrony

Up next, the Synchrony Double and a Half Cash Back Card. 1% when you buy, 1.5% when you make more than the minimum payment every month.