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Question is citi double cash giving cli's at this time.

firefox100
Established Contributor

Question is citi double cash giving cli's at this time.

 

 

Ok last time I requested a credit line increase on my Double cash Mastercard which 2 month ago I was denied for increase because I have to many enquiry and balance on other cards. I only have 2 enquiry at this time and showing total balances on all cards of 870 and fico scores over 800. The credit line on my mastercard is 15.6K just started using card again. Would like to know if any one got an increase in the last couple of weeks if so please give data points. Thanks.

Message 1 of 39
38 REPLIES 38
K-in-Boston
Moderator

Re: Question is citi double cash giving cli's at this time.

Just because Citi gives a reason or reasons in the denial letter, it's not necessarily the reason for a denial.  People with scores in the 800s get denied around here for CLIs, myself included.  Just be patient and ask again later.

 

There are data points in the Credit Card Approvals subforum for recent Citi CLIs.

Message 2 of 39
firefox100
Established Contributor

Re: Question is citi double cash giving cli's at this time.

 

Couple of days ago I got cli for 2K on my propel creditcard from 18K to 20K, question is how long should I wate to try again with Citi.

Message 3 of 39
CreditCuriosity
Moderator

Re: Question is citi double cash giving cli's at this time.

I gotta ask... Why do you seek CLI's and are baffled by the reasons lender denying them?  I am trying to be nice, but at this point it is like beating a dead deadhorse.gif

Message 4 of 39
FinStar
Moderator

Re: Question is citi double cash giving cli's at this time.


@firefox100 wrote:

 

Couple of days ago I got cli for 2K on my propel creditcard from 18K to 20K, question is how long should I wate to try again with Citi.


They're two totally different lenders with their own UW criteria.  So WF may have said yes, but BoA said no, SYNCB said yes, Citi said no.  You can maybe try Discover?

As echoed above, Citi can allow (if approved) another CLI after 6 months, but there's no guarantee that it may approved.  You know this because this is typically how lenders work and it's all profile driven.  

Even during these economic times, I have received 2 SP CLIs.   So, Citi still gives, but I'm sure they've tightened their purse strings quite a bit.  I'd say try again in the next few months.

Message 5 of 39
wasCB14
Super Contributor

Re: Question is citi double cash giving cli's at this time.

Even with very high scores, a lender may think you have sufficient credit for your income or spend.

 

That played a role in my recent application for a Barclays JetBlue card. The UW said my credit history was impressive, but that he could see I hadn't been using the $20k Arrival much (TTM spend ~$5). As a result, he was unwilling to extend further credit (but did offer to move $10k to create the new account).

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 6 of 39
firefox100
Established Contributor

Re: Question is citi double cash giving cli's at this time.

 

Is this a credit board in which some ofo us just want to get lot of credit I see others on boards who have 500K or more with less then 5K of spend and no one is comming down on them. If I don't get the credit increase it is not end of world.

 

The Questions are some lenders now looking at your total credit lines not the amount of debt. As long you had low utilization and put some spend on the credit card account you would get an increase that looks like that is changing. This may not be what some want to hear on fico boards, it looks like some lenders are not using fico scores as much any more to make credit decisions as much some are using there own models and some newcomers are looking at your checking and saving activity. The banks are starting realize that some of there customers are gaming the system are biger risk then fico score indicates. I am intrest in having discussion on how different lenders are making credit granting decisions and which areeasier to get approved for credit line increases and which will grant and open new lines of credit this will help others.

Message 7 of 39
FinStar
Moderator

Re: Question is citi double cash giving cli's at this time.

RuPaul.gif

Message 8 of 39
Remedios
Moderator

Re: Question is citi double cash giving cli's at this time.


@FinStar wrote:

RuPaul.gif


 

I raise you 

 

aight-bro-im-62231f.jpg

Undead Danny Trejo looks strangely like dead Danny Trejo, who looks exactly like alive Danny Trejo. Thanks, Netflix!
Message 9 of 39
coldfusion
Community Leader
Super Contributor

Re: Question is citi double cash giving cli's at this time.


@FinStar wrote:

RuPaul.gif


potd.gif



(4/2021)
FICO 8 (EX) 815 (TU) 822 (EQ) 808
FICO 9 (EX) 827 (TU) 826 (EQ) 832

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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
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