Citibank Custom Personal Line of Credit, anyone have this? limits?

[gen-specific]

Hey guys

So I have been talking about Personal Lines of Credit recently, and some of the suggestions posted here were nice, but the institutions that you guys recommended have no branches near me! This is largely a deal breaker because I want PLOC for the liquidity (without the liquidity premium), and needing to transfer online and wait 3 business days for funds to get anywhere is the opposite of liquidity.

Citibank offers a PLOC and there are plenty of branches here, but I have to begin a banking relationship with them, even though I have a retail credit card relationship with them already.

So I opened a checking account and it'll be at least 60 days before I apply for this PLOC.

they said that custom PLOC was a popular product, so what limits do you guys have with them?

[gen-specific]

bump

[kevinjjc]

Just curious, why do you use the term "retail credit card relationship"? Do you mean to say personal credit cards as opposed to business credit cards?

[gen-specific]

---

@kevinjjc wrote:

Just curious, why do you use the term "retail credit card relationship"? Do you mean to say personal credit cards as opposed to business credit cards?

---

that is the distinction I am drawing, yes. its usually how the federal regulators draw the distinction too

[kevinjjc]

---

@gen-specific wrote:

---

@kevinjjc wrote:

Just curious, why do you use the term "retail credit card relationship"? Do you mean to say personal credit cards as opposed to business credit cards?

---

that is the distinction I am drawing, yes. its usually how the federal regulators draw the distinction too

---

When you say "retail credit card", I think a store co-branded credit card. I'm sure I'm not the only one.

[gen-specific]

---

@kevinjjc wrote:

---

@gen-specific wrote:

---

@kevinjjc wrote:

Just curious, why do you use the term "retail credit card relationship"? Do you mean to say personal credit cards as opposed to business credit cards?

---

that is the distinction I am drawing, yes. its usually how the federal regulators draw the distinction too

---

When you say "retail credit card", I think a store co-branded credit card. I'm sure I'm not the only one.

---

okay thanks for the heads up.

lets talk about the personal line of credit

[Anonymous]

Don't know how popular Citi PLOCs are on this forum, which might be why you aren't getting responses.   Most of the LOCs people have talked about here seem to be from the popular CUs, such NCFU (mainly) and Penfed.    What APR are Citi offering?

[Happychap]

I am also interested in their LOC I currently have a checking account and cc with citi. However, I think to apply you have to either go into the branch or call as I do not see an online application?

[enharu]

Not too sure about citi's line of credit. I think your best bet might be to talk to an actual banker or branch manager. They probably will know more.

[gen-specific]

---

@Happychap wrote:
I am also interested in their LOC I currently have a checking account and cc with citi. However, I think to apply you have to either go into the branch or call as I do not see an online application?

---

yeah you have to go into a branch, this is a different product from their credit card departments, and your relationship with their credit card department isn't factored in really (except for total credit scores and stuff)