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Citi Cards Maximum Exposure?

torebuild2014
Regular Contributor

Citi Cards Maximum Exposure?

I was wondering if are any data points or insight into Citi’s credit exposure limits. I have one card at $30K that will soon be eligible for a CLI and just received a new CL of $33K a couple of weeks ago. I don’t want to poke a bear unnecessarily.

 

SN: I know some may want to know why I would even want higher limits.  I have a Heloc that is now fixed payments but still counts in revolving credit usage, so the higher limits help defray this utilization. Therefore, for me personally the higher limits allow me to actually use the credit lines without too much damage to utilization.

Message 1 of 11
10 REPLIES 10
Obscure-Expert
Valued Contributor

Re: Citi Cards Maximum Exposure?

Max exposure is based on your income and ability to pay.

 

In general most lenders top out at 50%.

500K+ TCL / 800+ FCOs
Message 2 of 11
vpae
Established Contributor

Re: Citi Cards Maximum Exposure?

My personal experience with them maxed out at $100K across 7 cards. I haven't been able to get any more via SP. When I opened the Prestige back in 8/1/17, I had to move some of my limit around, that's why I have 2 cards at $5K each.

 

Best Buy Store Card $25,000.00
Best Buy Citi Visa $25,000.00
Citi Prestige $13,200.00
Citi Rewards+ $5,000.00
Citi Simplicity $25,800.00
Citi Preferred $5,000.00
ExxonMobile $1,000.00

12/19/19 06/11/20 07/02/20
Total CL: $708,900. Largest CL: Amex Bonvoy Brilliant $70K. Apple Card $40K. Chase Ritz Carlton $35K. Mouseover for individual CLs
Message 3 of 11
torebuild2014
Regular Contributor

Re: Citi Cards Maximum Exposure?


@vpae wrote:

My personal experience with them maxed out at $100K across 7 cards. I haven't been able to get any more via SP. When I opened the Prestige back in 8/1/17, I had to move some of my limit around, that's why I have 2 cards at $5K each.

 

Best Buy Store Card $25,000.00
Best Buy Citi Visa $25,000.00
Citi Prestige $13,200.00
Citi Rewards+ $5,000.00
Citi Simplicity $25,800.00
Citi Preferred $5,000.00
ExxonMobile $1,000.00


Thank you for your reply. This is helpful. Both of my cards are AA AAdvantage. 

Message 4 of 11
NRB525
Super Contributor

Re: Citi Cards Maximum Exposure?

What is your indication that any HELOC is included in “credit card utilization”?
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 5 of 11
torebuild2014
Regular Contributor

Re: Citi Cards Maximum Exposure?


@NRB525 wrote:
What is your indication that any HELOC is included in “credit card utilization”?

The accounts  included on all of our reports as Credit and Retail Card Debt with a Credit Limit dollar amount which was the highest available credit that was eligible for use when opened. The Lender is reporting the following accounts to the agencies as a "Revolving"  or Line of Credit" account type.

 

Before the payment became an installment, the Terms of payment was reported as "Minimum".  I mistakenly thought that the Revolving Status reporting would change when the accounts became an installment loan and even spoke with the Lending Banks about this and confirmed that the loan status at Origination dictates the reporting status.  Even though we no longer have access to or the ability to use the line as an open line of credit,  the inability to draw on the funds does not change the loan type.

 

We have several of mortgage HELOCS that were used to purchase real estate and some of them do not even report as a secured mortgage.

 

Account Type - Revolving

Balance - $xx.xxx

Credit Limit - $xx.xxx

Monthly Payment - $x.xx

Highest Balance $$xx.xxx

Terms - Revolving

 

This has always reported as a revolving account even after it converted to an installment fixed payment.

 

Message 6 of 11
CreditInspired
Community Leader
Super Contributor

Re: Citi Cards Maximum Exposure?


@NRB525 wrote:
What is your indication that any HELOC is included in “credit card utilization”?

I was wondering the same thing. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 7 of 11
CreditInspired
Community Leader
Super Contributor

Re: Citi Cards Maximum Exposure?

When I requested a CLI on my Macy's card, I was declined because of max exposure across 3 Citi cards, which is $33K total. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 8 of 11
torebuild2014
Regular Contributor

Re: Citi Cards Maximum Exposure?


@CreditInspired wrote:

@NRB525 wrote:
What is your indication that any HELOC is included in “credit card utilization”?

I was wondering the same thing. 


I obviously could be mistaken and the algorithim is doing something different with these accounts in the background. I only have eyes into what and how the accounts are being reported. Whenever the agency reports it includes the number for revolving debt, it includes the LOC in revolving debt ratio. I have read the reporting on the board to not pay attention to the front end dashboards, so I am only reflecting the information contained in my credit file reporting type and seeing the balances included in revolving debt and not mortgages.

The board members here have much more knowledge with some of these things than me and I welcome any insight and clarity to flush this out further.  My apologies if I am ill informed and not interpreting this correctly. I did not intend to misdirect anyone based on what I believed to be a part of the calculus.

 

Message 9 of 11
NRB525
Super Contributor

Re: Citi Cards Maximum Exposure?

I also have a second mortgage HELOC which technically had a revolving structure for ten years, until it converted to a payment plan in 2017. In the MyFICO alerts, specifically the TU reporting, the CC Revolving amounts never included the second mortgage.

As my second mortgage was 100% utilization for ten years, and is still well over 95%, I really doubt you are being impacted by this, in the way you think.

I really doubt extending your CC limits will have an effect you think. It will improve your utilization ratio, but if you are already below 10% on your list of CC, the increased CL won’t help scores tremendously.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 10 of 11
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