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Hi Everyone,
I have had my Citi Diamond Preferred card for just over a year now. I am ready to ask for my first credit limit increase. Does anyone know if there is a specific amount that they will approve or if there any specific guidelines as to how they determine how much of a credit limit increase to approve?
Thanks,
Aya
I got one for 5000 and another for 3000 on the same day, so I probably could have asked for 8000 on one card or even ask for mre. I would shoot for a really high number and let them counter it or maybe they will approve it.
No, there is not a specific amount they will approve. I usually ask for 2x the amount of the CL i have now and usually they will approve the whole amount, or they will counter offer a amount which you can accept or not. If you don't like the counter offer they give you, you can let them do a hard-pull on your CR to see if the amount will be granted. Just to let you know that even with a hard pull there is a chance you will not get the full amount you wanted as well.
@navigatethis12 wrote:I got one for 5000 and another for 3000 on the same day, so I probably could have asked for 8000 on one card or even ask for mre. I would shoot for a really high number and let them counter it or maybe they will approve it.
Same here. I got one on one card 4.5k to 10k. Another 10 days later 3k to 7.5k. Both were fairly quick approvals. I guess they must have their own way to determine cli. Not just credit score but income, other banking relationships with them, usage. I would like someone said ask for at least double your current cl what is the worst they can do say no or counter.
Thanks for the info everyone. I'm just going to go for it and ask for double!
Want to check people's experience again!
So I just logged into the account, and began the process to request a CLI on one of my cards. I fill in the info and get to a screen with:
By submitting this form you authorize Citibank, N.A. to check your credit history.
and a Continue/Cancel button.
Last time I did this, when I clicked continue, I got a HP and a denial, no counter offer. It seems like some people get an opportunity to accept a SP amount (perhaps lower than they asked). Why the difference? Maybe they don't have a recent SP for my account?
Thanks Snacktrader, I guess I am just hoping some magic has happened and things are now definitive! I guess I won't hit Continue, don't want to risk an HP when it's quite likely they will still deny a CLI.
@longtimelurker
Did they send you a denial letter last time? What were their reasons?
Might be worth a shot if those reasons have gone away or if you have a recent soft on file.