DoubleCash ACLI

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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darkguy2
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DoubleCash ACLI

Postby darkguy2 » Wed Nov 11, 2015 10:00 pm

Looked at my statement today to see that Citi gave me a $1200 CLI. The thing is I still have a sizable balance on it since I have 7 more months of 0%.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)


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lobbythis
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Re: DoubleCash ACLI

Postby lobbythis » Thu Nov 12, 2015 3:00 am

lucky ba$tard. i thought Citi was stingy. they definitely have been with my Best Buy card. i've blown a ton of money on that thing and they couldn't care less.

Vermonster
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Re: DoubleCash ACLI

Postby Vermonster » Thu Nov 12, 2015 9:33 am

Yeah I've be getting loads of denials on mine. I started at $2300 and asked for a cli after a month carrying a balance of ~1800. I got a measly $750 increase. since then I've had nothing from the online SP requests. I'm sure when I pay it down I will be able to massage a little extra out of them.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

takeshi
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Re: DoubleCash ACLI

Postby takeshi » Thu Nov 12, 2015 11:47 am

darkguy2 wrote:The thing is I still have a sizable balance on it

IMO people fixate far too much on balance and usage. These can have an impact but one's entire credit profile and income matter -- not just one of these factors. It is certainly possible to get CLI's while carrying balances.

lobbythis wrote:lucky ba$tard. i thought Citi was stingy. they definitely have been with my Best Buy card. i've blown a ton of money on that thing and they couldn't care less. i've blown a ton of money on that thing and they couldn't care less.

It is not simply a matter of "stinginess" or "generosity". It's your credit profile and income versus a creditor's criteria. Either you qualify or you don't. Creditors don't just determine whether or not to hand out CLI's based on whim or mood. Again, usage may play a small part in some cases but it will not make or break a CLI on its own or overrule credit and income. People tend to assume causality and simple, direct relationships far too easily.

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lobbythis
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Re: DoubleCash ACLI

Postby lobbythis » Thu Nov 12, 2015 3:45 pm

takeshi wrote:
editor's criteria. Either you qualify or you don't. Creditors don't just determine whether or not to hand out CLI's based on whim or mood. Again, usage may play a small part in some cases but it will not make or break a CLI on its own or overrule credit and income. People tend to assume causality and simple, direct relationships far too easily.


i'm not going to get into an argument with you because i know it's pointless. but, why you act like some creditors aren't more conservative than others is beyond me. your "rational" and "unbiased" opinions are very repetitive and never really as helpful as you seem to think they are.

Tubpbs
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Re: DoubleCash ACLI

Postby Tubpbs » Thu Nov 12, 2015 3:54 pm

lobbythis wrote:
takeshi wrote:
editor's criteria. Either you qualify or you don't. Creditors don't just determine whether or not to hand out CLI's based on whim or mood. Again, usage may play a small part in some cases but it will not make or break a CLI on its own or overrule credit and income. People tend to assume causality and simple, direct relationships far too easily.


i'm not going to get into an argument with you because i know it's pointless. but, why you act like some creditors aren't more conservative than others is beyond me. your "rational" and "unbiased" opinions are very repetitive and never really as helpful as you seem to think they are.


Not to jump into a "not fight" but the reason his posts are repetitive is because people tend to ask the same question repeatedly and or present the same baseless assumptions repeatedly.

I have a pretty diverse set of prime lenders and I would say that the lenders are fairly consistent with their behavior. Your profile will also look different to all of your lenders depending on when you applied / what info you provided at the time of application vs. now. I.E. When I got my BoA card I was a first year student and now I've been in the job force for almost ten years. Big difference...

Either way, perhaps the perceived stinginess from Citi on the BestBuy card is because it's a BestBuy card. You're very likely to use it to buy whatever you want at BestBuy regardless of the credit limit.

I don't particularly find any lenders to be more or less conservative than others. Again, some will react differently to different changes in your profile, but I would label those preferences, not different levels of conservative behavior.

If you have very high income and very good credit and it was the same or relatively the same across all the bureaus and your behavior was constant and so on and so forth, the lenders would 95% behave the same way. Citi might behave very differently from a small bank somewhere or a credit union, but Citi, Wells Fargo, BoA, Chase, Amex, Discover would all behave very similarly in my opinion (based off of the information provided to them).
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

rockyrock
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Re: DoubleCash ACLI

Postby rockyrock » Fri Dec 11, 2015 8:58 am

I was surprised yesterday to be sifting through my emails and saw one from Citi. They granted me a $1900 ACLI, that represents 10% increase.

This card has been in my arsenal for less than a year now but was a PC from the Exec/AAvantage WEMC. I haven't swiped it once since I've had it. I used it to do a BT and when the promo period was finished I called and they extended it for 12 more months at 0%.

I do plan to use it once the balance is paid...
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

yfan
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Re: DoubleCash ACLI

Postby yfan » Fri Dec 11, 2015 11:10 am

Vermonster wrote:Yeah I've be getting loads of denials on mine. I started at $2300 and asked for a cli after a month carrying a balance of ~1800. I got a measly $750 increase. since then I've had nothing from the online SP requests. I'm sure when I pay it down I will be able to massage a little extra out of them.

If you are requesting SP increases, Citi generally requires 6 months between such increases. I have had 2 Citi cards since 2011 (I PC'ed the Dividend to Double Cash as soon as it were available), and in my experience consumer requests of SP CLI within 6 months of another increase is always fruitless.

kdm31091
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Re: DoubleCash ACLI

Postby kdm31091 » Fri Dec 11, 2015 12:43 pm

yfan wrote:
Vermonster wrote:Yeah I've be getting loads of denials on mine. I started at $2300 and asked for a cli after a month carrying a balance of ~1800. I got a measly $750 increase. since then I've had nothing from the online SP requests. I'm sure when I pay it down I will be able to massage a little extra out of them.

If you are requesting SP increases, Citi generally requires 6 months between such increases. I have had 2 Citi cards since 2011 (I PC'ed the Dividend to Double Cash as soon as it were available), and in my experience consumer requests of SP CLI within 6 months of another increase is always fruitless.


Agreed, everything I've heard has boiled down to Citi requiring 6 months between CLIs (at least the SP kind; not sure if you can take a HP if you want and override the 6 month rule).

Vermonster
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Re: DoubleCash ACLI

Postby Vermonster » Sat Dec 12, 2015 9:22 am

yfan wrote:
Vermonster wrote:Yeah I've be getting loads of denials on mine. I started at $2300 and asked for a cli after a month carrying a balance of ~1800. I got a measly $750 increase. since then I've had nothing from the online SP requests. I'm sure when I pay it down I will be able to massage a little extra out of them.

If you are requesting SP increases, Citi generally requires 6 months between such increases. I have had 2 Citi cards since 2011 (I PC'ed the Dividend to Double Cash as soon as it were available), and in my experience consumer requests of SP CLI within 6 months of another increase is always fruitless.


Is that between CLIs or between requests? I don't really care too much right now. I'm carrying a balance from summer school during this 0% period so it's not like I need the extra spending ability. I'm sure my credit score would like me to stop carrying a 50% util on it, but that should all be sorted out well before the end of the 0%.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k



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