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Credit Line Increase

711me
New Member

Credit Line Increase

My smallest credit card is a $500 Citibank card.  I use it about once a month and carry a balance of about $400 for the last few years. I have had it for over 2 decades with no lates or going over the limit. Will I get a higher line if I pay it off before requesting a CLI or does it matter much?

Message 1 of 17
16 REPLIES 16
AverageJoesCredit
Community Leader
Mega Contributor

Re: Credit Line Increase

If youve had the card 20 plus years, id imagine youd be due an increase lol. Unless it one of those cards that were previously another bank or just a card that doesnt grow.

Im intrigued, what card is it that you have if you dont mind sharing?
Message 2 of 17
711me
New Member

Re: Credit Line Increase

As noted in the post . . . Citibank.

Message 3 of 17
medicgrrl
Valued Contributor

Re: Credit Line Increase

I think AVJ means which Citibank card. Has it always been a Citibank card or was it part of an acquisition?


EQ 778 EXP 782 TU 729
Message 4 of 17
711me
New Member

Re: Credit Line Increase

 


medicgrrl wrote:
I think AVJ means which Citibank card. Has it always been a Citibank card or was it part of an acquisition?


Oh, ok.  To my best recollection, it has been a Citibank card for at least a decade, and maybe always.  It's a Simplicity Cash card. Also, when I get a new card, it is usually good for about 4 years, if that means anything.
 

Message 5 of 17
JR_TX
Valued Contributor

Re: Credit Line Increase

Is it a citi bestbuy that used to be CapOne that used to be HSBC that used to be.... ?
Mission Accomplished on Dec 07 2020! Rebuild Complete!

New cc TLs : 2/6 ; 2/12 ; 3/24
HPs EX 3 EQ 3 TU 1
AAoA 5y4m
UTIL 1% - 3%

$250K+ Total Limits











Message 6 of 17
JR_TX
Valued Contributor

Re: Credit Line Increase

Sorry ignore my previous post Smiley Happy
Mission Accomplished on Dec 07 2020! Rebuild Complete!

New cc TLs : 2/6 ; 2/12 ; 3/24
HPs EX 3 EQ 3 TU 1
AAoA 5y4m
UTIL 1% - 3%

$250K+ Total Limits











Message 7 of 17
medicgrrl
Valued Contributor

Re: Credit Line Increase

JR, there are some cards that are "rebuilders" and won't grow much.


EQ 778 EXP 782 TU 729
Message 8 of 17
711me
New Member

Re: Credit Line Increase


@medicgrrl wrote:
JR, there are some cards that are "rebuilders" and won't grow much.

For what it is worth, this card (or account) is not a "rebuilder".  Also, back to my original question . . . will paying off the card prior to requesting a CLI materially influence  or upside the increase?

Message 9 of 17
JR_TX
Valued Contributor

Re: Credit Line Increase


@medicgrrl wrote:
JR, there are some cards that are "rebuilders" and won't grow much.

Hey medicgrrl! Yep you're absolutely right! I'm actually a "proud" ex-owner of a couple of them cards. haha  Smiley Happy

Just app'd for new ones then closed out and combined their limits. One was a Cap1 Platinum and the other was a BofA 99/500. 

Mission Accomplished on Dec 07 2020! Rebuild Complete!

New cc TLs : 2/6 ; 2/12 ; 3/24
HPs EX 3 EQ 3 TU 1
AAoA 5y4m
UTIL 1% - 3%

$250K+ Total Limits











Message 10 of 17
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