Citi Max Exposure

[Anonymous]

Hi! Curious if Citi has standard Max exposure guidelines? I have an 18K simplicity and $34K AA WEMC. Looking to add the double cash to my portfolio. Wondering if they approve if it’s likely to be a small limit due to the other two. Coming up in Dec for my SP attempts in CLI.

[CramEiko]

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@Anonymous wrote:
Hi! Curious if Citi has standard Max exposure guidelines? I have an 18K simplicity and $34K AA WEMC. Looking to add the double cash to my portfolio. Wondering if they approve if it’s likely to be a small limit due to the other two. Coming up in Dec for my SP attempts in CLI.

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Well, it all depends on the rest of your profile. Maybe someone will have your exact answer shortly.

Good Luck!

[BH1985]

I believe Citi's aggregate exposure is limited to 48% of your reported income.

I believe American Express generally follows this guideline as well.

Someone will correct me if I'm wrong.

[AverageJoesCredit]

Yes Citi has Max exposure but more than likely it is determined by many factors like income, assets, and profile. General rules like 50 % of your income is a nice go to standard but that could be just a general idea. I cant get any cli on my core Citi cards because im at max exposure among all Citi cards, legacy and retail .Funny thing is im way over 100% in relations to my income

[MrDisco99]

I'm well over 50% of income for Amex.

On the other hand, BoA extended me exactly 50% of what I stated for income and nothing more.

Citi may have a similar cap, but I'm not there yet.

[Peteyglad]

I think income comes into play as well when talking about percenages. When I was making 50k I easily got above 50% with individual creditors.  I think Amex may have been the highest at roughly 75% or so. Now that I am claiming over 4 times that amount I haven't been able to even eclipse the 45% mark yet with any creditors and it feels like I am pretty tapped out at the time with CLI's.  

[Aim_High]

It would be interesting to see what anyone reports at maximum total credit lines for CITI compared to their Data Points for Income, Credit Score, DTI, and relationship.  It probably also depends on how actively you've used (and paid off) your other cards.  I imagine all those come into play somewhat.

I was on a run with Chase and think I came close to breaking their total exposure formula. 

I believe it factors in annual debt payments.

So annual income divided by 2;

then minus annual debt payments (mortgage, car loans, student loans, credit cards etc ... monthly x 12);

equals maximum credit exposure.

In my case, the figure ended up around $138K total, and that was without a banking relationship.

Bank of America is another large bank like Chase and CITI.  They seem more conservative.  It seems many on this forum have hit a glass ceiling at $99,900, even with thick files, very high income, low debt, and banking relationship.

As for use, if they've given you lines of $34K and $18K but you've left them SD'd or had a maximum balance of $500, they might low-ball you since it doesn't appear you need more. 

It seems with some lenders and postings by My FICO forum members, that the "50% of income" guideline is not always true.  Sometimes, people with even fairly low incomes are reporting total credit lines with some lenders greater than 50% of stated income. 

[AverageJoesCredit]

Boa will not budge for me based off income. 1 card and done apparently for life. I checked Amex, my limits combined ewual out to about Boa as well. Navy and Disco have no issue with coming close to 100%

[Anonymous]

Way over 50%, like AJC said, Citi will go MUCH higher depending on other factors, DTI, history, ect

[Anonymous]

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@AverageJoesCredit wrote:
Navy and Disco have no issue with coming close to 100%

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If that's the case, then I should be able to get up to $50K CL with Discover!