Just applied and got approved for the Citi Double Cash card

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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To My Credit
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Just applied and got approved for the Citi Double Cash card

Postby To My Credit » Mon Aug 22, 2016 12:32 pm

Which is one of the two cards on my wishlist. I only got a $1000 SL, so I'm wondering when the soonest is that I can request for a softpull CLI. I seem to remember reading something about being able to request for one as soon as you activate the card. Is that true?
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+


beef.stu
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Re: Just applied and got approved for the Citi Double Cash card

Postby beef.stu » Tue Aug 23, 2016 1:55 am

To My Credit wrote:Which is one of the two cards on my wishlist. I only got a $1000 SL, so I'm wondering when the soonest is that I can request for a softpull CLI. I seem to remember reading something about being able to request for one as soon as you activate the card. Is that true?


I requested a CLI right after activation which required a HP. It was worth it for me though as my DC became my main spending card so I needed a much higher limit than they initially gave me.
(01/10) - Wells Fargo VISA Platinum
(05/10) - Techron Advantage
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
(09/15) - Citi Double Cash WEMC
(09/16) - US Bank Cash+ VISA Signature

kdm31091
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Re: Just applied and got approved for the Citi Double Cash card

Postby kdm31091 » Tue Aug 23, 2016 7:37 am

To My Credit wrote:Which is one of the two cards on my wishlist. I only got a $1000 SL, so I'm wondering when the soonest is that I can request for a softpull CLI. I seem to remember reading something about being able to request for one as soon as you activate the card. Is that true?


You can request an increase as soon as you get the card but it will be a hard pull.

Soft pull increase eligibility is typically around 6 months of card membership, but that said, the soft pull increases are typically small. With a 1k limit, the SP increase might bring you to 2,500 or 3,000 but probably no more than that, then you wait another 6 months. So if you really want a reasonable increase you may as well just take the hard pull.

To My Credit
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Re: Just applied and got approved for the Citi Double Cash card

Postby To My Credit » Tue Aug 23, 2016 9:54 am

Thanks, guys.

I think I'll just wait for 6 months till I can do the softpull. I don't want any more inquiries I can avoid, and $1000 should work for me with some micromanaging.
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

kdm31091
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Re: Just applied and got approved for the Citi Double Cash card

Postby kdm31091 » Tue Aug 23, 2016 6:47 pm

To My Credit wrote:Thanks, guys.

I think I'll just wait for 6 months till I can do the softpull. I don't want any more inquiries I can avoid, and $1000 should work for me with some micromanaging.


The good news is that Citi is not a horrible bank to grow with. With time and usage the limit will grow just fine even if you don't take a hard pull.

To My Credit
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Re: Just applied and got approved for the Citi Double Cash card

Postby To My Credit » Sun Sep 04, 2016 12:50 am

I got a World Elite MasterCard on a limit of $1000. Is that unusual?
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

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CarefulBuilder14
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Re: Just applied and got approved for the Citi Double Cash card

Postby CarefulBuilder14 » Sun Sep 04, 2016 1:02 pm

To My Credit wrote:I got a World Elite MasterCard on a limit of $1000. Is that unusual?

I've heard of $500 WEMC DCs.

It makes a lot more sense when you keep in mind that WEMC transactions give Citi higher fees from merchants.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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9Cline
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Re: Just applied and got approved for the Citi Double Cash card

Postby 9Cline » Sun Sep 04, 2016 1:06 pm

Congrats to u,,, I took a HP CLI upon activating which was worth it to me,, then I noticed SP available after about 3 mths... haven't tried any CLI's since initial but I've heard lots of folks getting them in that freq.
Good Luck 2 ya.......
LOWES, DISCOVER-iT, MACY'S-AMEX PREMIER ELITE, AMEX-EDP, AMEX-BCP, CITI-DC WEMC, JCP-PLAT MC, CITI BESTBUY, CHASE SAPPHIRE , CHASE FREEDOM VS, BELK ELITE, HOME DEPOT :beat:

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Re: Just applied and got approved for the Citi Double Cash card

Postby Kathiee » Mon Sep 05, 2016 5:23 pm

I was just approved for the same card with a credit limit of $1,500 and I have no balance transfers to make. I am now seeing that there is a N/A where it says what the 18 month purchases should be. The other cards with the 18 month 0% say 0% on purchases but the citi double cash has that N/A, now I'm thinking I'm only getting the 0% on transfers but paying full interest on purchases. If that's the case will it have a negative impact on my credit to cancel this card and open one with 0% on purchases for 18 mos? Has anyone else had this issue?

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Vattené
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Re: Just applied and got approved for the Citi Double Cash card

Postby Vattené » Sat Sep 10, 2016 11:09 pm

It will have a negative impact in the short term. You will take a hit from another HP and opening a new account will cause your AAoA to drop. In the long term, the HP will fall off after 2 years (and the negative impact will weaken as it ages before the 2 year fall-off point), it will help your AAoA as the account ages, and another tradeline with on-time payments will help your history.

The real question is do you need the 18-month introductory APR on purchases? Did you want to use this to finance something, or is it more for "insurance" purposes? If the latter, IMO you'd be better off just keeping this account and using it for the rewards. If the former, and you really need a 0% purchase APR period, you may be better off applying for an account where that is the main draw (such as the Citi Diamond Preferred's 21-month intro purchase period) as any card's rewards will quickly be erased if you're paying any interest.

If you do need the intro period, though, be sure your card doesn't have it before taking any action! This should be in your agreement's terms, you could call a CSR to verify, or at the very least you could see when your first statement cuts.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now



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