Citi has never started me with anything more than $2000, with a $300 increase every 6 months or so. This is another reason I don'y use Citi: their sarting limits are too low. My FICOs are all in the low 800s.
A daily driver is useless to me without at least a limit of $10,000, because I charge about $5000 monthly.
My advice is to call them when you get the card, and tell them that you would like to use the card as your main card, but that is impossible with a $500 limit.
If they refuse to raise it, put the card in the sock drawer (DON'T cancel it out of anger), use something else, and call back in 6 months.
Sorry that this happened to you, but Citi is notorious for very low starting limits.
Citi has opened the floodgates on the sl recently for this card unlike the past few years. Another hp and a calling from Op to talk to a live person should work wonders.
As for sweating a small limit, its human nature, many of us have built up our profiles through hard work and believe when we apply for new cards thathopefully that hard work will be rewarded. Nothing wrong with some emotion lol.
Op , best of luck, it's possible your profile just slipped through the cracks, happens to quite a few folks. Eventually Citi will come around
...hopefully
As for sweating a small limit, its human nature, many of us have built up our profiles through hard work and believe when we apply for new cards thathopefully that hard work will be rewarded. Nothing wrong with some emotion lol.
Op , best of luck, it's possible your profile just slipped through the cracks, happens to quite a few folks. Eventually Citi will come around
...hopefully
Your point is well-taken, BBS.
That said, if someone is spending $5K per month, I'd wager that at least some of those transactions will exceed $500 (the balance Citi provided on the OP's card). And, even if they weren't, the math requires that the OP make a payment every 3 days.
To my way of thinking, that tends to make the card more trouble than it's worth (assuming that you can find other card combinations that at come close to providing the 2% cash back (2% of $5K= $100).
Well, I prefer to pay all my credit cards once a month, and then forget them.
A minimum $10,000 limit lets me do that.
Each to his own, I guess.
@Anonymous wrote:Yeah, I would even be fine with a $1,500 limit. I pay a lot of my cards 1x per week so i don't run the risk of forgetting. The trouble with $500 is that I like to pay bills with the card to get the 2% CB. I put 1/2 of my recent car insurnace permium on it wed, the chare didn't post until friday. I paid it today, and my limit is still used up until the payment posts. Citi is much slower than some of my other cards, so the turnaround time for this is nearly a full week. certaily 3+ business days.
I have tried to call and speak with them 3 times now and they refuse to do more than run the automated credit increase process which is automated and doesn't invovle a real person looking at my stats.
So far it seems like the best option will be to bench the card and come back to it in 6 months. I know this is very small potatoes, but I hate missing out on the 2% CB, even with 1.5% cards in my wallet.
Can anyone recomend a better alternative to Citi Double that would get me 2%?
You have 2% casbback cards issued by Alliant, Penfed, SDFCU, Blispay and PayPal.
Paypal is probably the easiest to increase the limit on with a SP. You need a checking account with Penfed in order to get the full 2%. Alliant can be very conservative, just something to keep in mind. Though, they may love your profile.
I'd grab the Paypal 2% MasterCard if I were you. I'd have it, if I could. I'm stuck with the old version.lol
@Anonymous wrote:I have a good credit score (808 TU, 788 EF, 781 FICO8) I have a solid income, no degretory marks on my report, and other high limit cards (two different 30k+ Chase cards, others in the 10-20k range). I have a total of over 250k in credit avaialabe to me. I don't cary a balance, and I have only applied for maybe 2 cards in the last year, maybe another 2 in the previous year (typically do it once every 6 months or so).
Anyways, my most recent card is a citi double cash and I was only approved for $500. I love the 2% cash back, but it is a VERY low limit. It works fine for small purchases, but it is worthless for paying bills etc. I have tried their automated process to raise my limit but have been denied because the account is too new.
Is there any ways to get around this? With some companies I have succeeded in opening a new card, the closing it and rolling the line of credit to an existing card (worked great to 10x my chase amazon card from 3k to 30). Citi has told me they don't allow this.
Is there a human I can talk to that can actually look at my vitals (credit score, income, debet, etc) and give me an increase. Even just $1,500 would be great, I could always pay it multiple times per month if I needed the extra space.
I would just call one of their backdoor numbers and recon the limit.
