- Platinum Member
- Posts: 93
- Joined: Wed Aug 17, 2011 10:53 pm
- Location: USA
Citi is one of the companies - American Express being the other - who, in my personal experience - have adjusted credit limits (and APRs) all on their own and without any input or queries from me.
If your credit utilization on the card is high (meaning, you spend a lot on the card and going past 30% of the limit you're given), if you are unemployed or part-time employed, if you keep carrying balances on the card and never 0 it out...
Those are all potential reasons Citi might be denying you the CLI.
I have a business card with AMEX and owing to my business, I've had some swells and dips in my finances (and my card saw a period of higher utilization and lower payments which were still way over minimum but not always in full) and during a tighter period, I asked them for a CLI on my business account... and it was denied owing to the higher credit utilization they were seeing. Ironically - or maybe not so - my PERSONAL account with them increased in CLI and I have to wonder if it's because my personal credit report was faring better than my business one. Thing is, once I paid down the balance on the card, without me asking, I was suddenly was granted a CLI.
So long story short; a couple of things can affect whether or not a company decides to give you the CLI or not and depending on the reason, they may or may not decide to give it even after talking with them.
AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)
AMEX: Costco True Earnings
VISA: Chase Ink Cash