@Anonymous wrote:
Gmood1, good post!
What portion of you credit limit did the Mortgage payment use up..
I am waiting for my DC to grow as well!
The mortgage combined with daycare, along with some general spend as well as a flooring project this past January. We put just over $35k through the card in the 12 months prior to the last CLI.
I always pay the mortgage portion before the statement cuts. That's just to make sure it never showed in the CB reports, only internally with Citi.The rest reports as usual.
The mortgage was roughly 50% of the original SL. Then down to around a steady 7% after first major increase . I was mainly more focused on the 6 months to yearly usage totals.
I wanted to show a steady solid use of the card. Also don't be afraid to request more after a SP CLI if you feel it wasn't enough. I've done that as well.
Besides the mortgage portion. We allow all transactions from all CC's to report to the CBs. Just my personal beliefs that showing lenders usage, even from other lenders helps to reinforce we are transactors and use credit cards for nearly every bill. One auto loan is the only bill in the entire household not paid by CC.
Some folks get CLs based solely off income. I believe mine are based off steady reporting of usage.
Thanks Brianm0121, yes it is! It and the BCP are still probably the most used cards in the arsenal. I wish all banks allowed for SP increases. Citi has been good to you as well!
How did you get a SP CLI? I go into the app and it says to answer 3 questions and ill get a decision in 24 hours and they will need to do a HP. Is that because a SP CLI is not available? I have only had 1 statement cut so far. I was just playing around int he app.
@MyLoFICO wrote:How did you get a SP CLI? I go into the app and it says to answer 3 questions and ill get a decision in 24 hours and they will need to do a HP. Is that because a SP CLI is not available? I have only had 1 statement cut so far. I was just playing around int he app.
The SP language should appear around 180 days after activation. For some it appears sooner. Rule of thumb, wait atleast 180 days in-between request/ CLI. You can request as many times as you like when it appears. But chances are it will give you the same denial until that 180 days has passed.
Citi has been strict in not giving CLIs on this timeline with me. If you want a higher limit after SP CLI, do it immediately after. If you wait to long. You'll be locked out of consideration for 180 days IME.
My account always displays the CLI language now.
I see what you mean now. I logged into their website and I see the Pre-approved verbiage but there is nothing there. The section below where it asks the 3 questions is a separate section. Kinda misleading but glad I didn't fill it out. lol
Congrats on the nice increase! For CITI, that's a large increase.
Just wondering how do you pay your mortgage with a credit card?
Thanks,
UM
@Uncle_Money wrote:Congrats on the nice increase! For CITI, that's a large increase.
Just wondering how do you pay your mortgage with a credit card?
Thanks,
UM
I use Plastiq. Best to catch them offering a promotion. Sometimes they give a promotional rate on MasterCards or Amex. I have it set to autopay monthly. I get an alert from Citi that Plastiq charges the card and then another from Plastiq a few days later. Letting me know the payment has been sent.
My rate is 1.75%. Standard is 2.5%. Some members here have 1.5 % rates. Using a 2% or more cash back card. The service cost me nothing.