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Citi Prestige - Surprising Starting Limit (SL)

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Citi Prestige - Surprising Starting Limit (SL)

Background:

  • Went on a mini app spree of sorts during the last several days.
  • At the last minute, decided to go for a Citi card as I wanted one more Experian (EX) puller and Citi is known to pull EX in my area
  • Never had any Citi cards
    • In fact, 10 years ago, if I remember this correctly, they closed my checking accountSmiley Surprised
  • Based on looking at various approvals posted on this board, settled on the Citi Prestige.
  • While Prestige card has one of the highest annual fees, based on what I have seen others report, Prestige card also generally comes with a healthy Starting Limit (SL)
    • I knew I could take advantage of the rewards if I could get the card

Application:

  • Applied online and got the dreaded 7 to 10 business days message:

We have received your application and further processing is required. We will contact you in approximately 7-10 days regarding our decision.

  • Immediately also received an alert that my Experian report was pulled
  • Also, received an email right away with a link to check the application status
    • Checked same day and,  of course, there were no updates yet (same 7-10 days message was given when following the link)

Next day:

  • Next day, I kept searching this board for more info on the Citi application process and found a good number to call
  • Called it and was told that I will receive a call back right away (it's a way for Citi to verify the phone number)
  • After this very basic verification, the agent put me on hold to go "work" on the application
  • Two minutes later, the agent came back with the approval and the limit, which was the surprising part:
    • Approved for just over $30,000
  • Based on my research (I felt I was going in prepared), I expected a decent limit but really closer to $8,000-$10,000 mark

Data points:

  • Pulled Experian (EX)
  • EX Fico 8 just under 770 (was just over but the last 2 inquries took about 8 points off)
  • AAofA is around 5 years old
  • A total of 5 inquiries in the last year when I applied
  • Two new accounts reporting to EX in the last 6 months and just under 10 new accounts reporting to EX in the last 12 months
  • Almost 0% utilization (two cards reporting small balances)
  • One more interesting data point -- I am AU on a card which has a limit of over $50,000

Again, this would not be possible without the knowledge contained on this board.

 

Thank you!!

 

P.S.: Almost done for bit; one more left-- working to get in the door with Synovus, a known Equifax (EQ) puller.

 

Message 1 of 11
10 REPLIES 10
Established Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Congratulations on your monster SCL enjoy the benefits of Prestige.
NFCU AMEX Rewards 25,000 NFCU GoRewards 3,000
Capital One Quicksilver 6,300
5/3 Truly Simple 2,300
5/3 Trio 3,200
Barclay Apple1k
Citi Rewards+ 7,600
Citi Double Cash 10,300
Citi Simplicity 2,500
Home Depot 1,000
Discover 10,500
BB&T Rewards 4,500 BB&T Bright Card 4,500 GS Apple 4,500 Chevron 900 Fico 8 Scores EQ=738EX=698 TU=728 Scores and CL current as of 01/10/19 AAoA=2years6minths AoOA=17yrs
Message 2 of 11
Community Leader
Senior Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Wow, that’s a beast of an SL. Congrats and enjoy!


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 3 of 11
Regular Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

WOW!  Congrats!!!!

Message 4 of 11
Regular Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Congrats and nice SL!!!

 

Thanks for the DPs Smiley Happy









Les murs ont des oreilles .
Message 5 of 11
Regular Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Congratulations on your new card and monster SL! That's insane!

Fico 8 scores 100% on time payments 18% utilization tu inquirys 5 eq inquirys 4 ex inquirys 11:
Ex: 726 tu: 716 eq: 718
Aaoa is only 9months
Discover it cash back: $4500

Citi double cash: $1000
Fingerhut account: $800
Google store card : $1500
Amazon prime store card: $800
Citi AA Mile Up:$3700
American Express everyday: $2000
American Airlines WEMC: $6300
17k auto loan 6 year 10.99% interest loan
Gardening since: 04/30/19
Message 6 of 11
Moderator

Re: Citi Prestige - Surprising Starting Limit (SL)

Very impressive SL with citi i assume you are well into the 6 figure income for citi to fork that out right off the bat.

Message 7 of 11
Frequent Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Awesome huge SL super Congrats!








"Give me liberty, or give me credit!" -PlasticDad


Message 8 of 11
Valued Contributor

Re: Citi Prestige - Surprising Starting Limit (SL)

Awesome Approval!! That's a limit some of us work up to and you just picked up like a 6pack lol almost makes me want to take a stab at it Smiley Very Happy

Message 9 of 11
Valued Member

Re: Citi Prestige - Surprising Starting Limit (SL)

Wowza! Congrats!!





Message 10 of 11
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