Citibank balance transfer offers: What limit do they give?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Dylan1982
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Citibank balance transfer offers: What limit do they give?

Postby Dylan1982 » Sat May 05, 2012 5:02 am

In the mail this past week I've gotten 2 invitations from Citi Bank; Diamond Preferred and Thank You Card. Both are 0% APR for 18 months (3% fee) on BT, 0% APR on purchases, then will go to 12.99%, 15.99% and 21.99% based on creditworthiness.

I want to apply to take up their BT offer, I tried calling their CSR number and the lady said she couldn't tell me about the card bc it was an 'invitation only' card.

So I called the number on my form in the mail, got a recording. All I wanted to do was talk to a live person bc I had some questions, I wanted to see what I could about doing a BIG BT to their card. So I hung up bc the recording wanted me to go ahead with my application.

So what should I do, should I apply for the card and see what king of credit limit I get? Is there a number that I can call to talk to someone regarding a pretty big balance transfer?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


Crashem
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Postby Crashem » Sat May 05, 2012 9:35 am

Best way to handle is get approved for card and see the credit line. Call ASAP and talk about recon for higher credit line and wave the bt as bait
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Crashem
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Postby Crashem » Sat May 05, 2012 9:38 am

Btw no use discussing bt and credit line before approval as it all guesses on anyone's part. Once credit analyst has credit report, they can do more. Remember there is probably some kind of fee for bt on citibanks part
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

CC Deville
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Postby CC Deville » Sat May 05, 2012 10:29 am

Unfortunately they will not be able to give you an estimate on your credit line until you apply. Citibank is prime so it is reasonable to believe that you could be approved upwards of $20,000 depending on credit history and income. Generally, banks like to at least match your highest credit line.

Are you the GM Card guy? I really should start to remember people's screennames. But if you are, this is a very good idea to take advantage of the 18 months at 0%.

I would say on average people with good, long solid credit histories usually get approved for $7K-$9K off the bat with Citibank. Again, it depends a lot on income too. Citibank is really good with CLI's though, both auto and customer initiated. So even if you get approved just enough for the balance transfer, in 6 months you can request a CLI online to help with the utilization. Just don't go for broke and ask for a 50% increase. And just an FYI Citibank has been known lately to request the tax forms to verify income if they see something that doesn't match up (for instance stating a $100K income yet having a $7,000 balance for months on a card or two) so be truthful (not that you weren't going to be) in your reported income.

Dylan1982
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Postby Dylan1982 » Sat May 05, 2012 7:51 pm

Well that is good that banks like to match your highest credit line. And my credit history is VERY good. 100% on time payments and my average age of credit is 7yrs and 10 mos. My GM card being the oldest at 10yrs.

LOL, yes I am the GM card guy. Maybe that should be my new s/n' GM Card Guy.. That's what I want to do is take advantage of the 0% BT for 18 mos (3% fee). Tired of paying interest. My balance is going down, but slowly.

I make decent money, about $46k/year. I have no problem providing tax papers if needed. Jsut want to get rid of my balance.
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)



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