Credit Card Forum
+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
  1. #1
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Question CitiBank and CLI... When Will They Do One?

    I've had my TY card with CitiBank for 8 months now, started off with a $4,600 CL. I have a small balance on there (<$1,000) and my minium payment is ~$50/month but I pay my statement off every month which is always like ~$800/month and I pay an extra $60 on top of that.


    When will Citi give me a CLI? Would I need to call in or do they do it automatically?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Green Member Preferred Member's Avatar
    Join Date
    Jan 2013
    Location
    New York
    Posts
    15

    Default

    Wait for the "Request Credit Increase" to show up when you log into the Citibank portal. I've used it twice in the last 6 years. It usually gives you an instant approval and the current increase available.
    American Express Gold Premier Rewards, American Express Blue Cash Preferred, Citibank Diamond Preferred, Chase Card, Chase Freedom, PC Richard Credit Card
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    952

    Default

    I have not heard much of Citibank auto CLI's. As with any bank, thanks for CARD Act they have to collect updated annual income from you before they can initiate a CLI after the first year of cardmembership.

    Last November they sent me a letter and email stating that I "could be" approved for a CLI on my AT&T Universal Card (opened in 1999) but they needed my income before it could be approved. I went online, entered the info and BAM! $2,300 increase.

    I'd say within the next 4 months (when the card is officially over a year old) if they have not done an auto CLI, take Preferred Member's advise and request the CLI online from your account management screen. Citibank makes it easy and they are usually soft inquiries (if you accept their CLI offer and not something more). You can request a CLI online (or by phone) every 6 months.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    I'm also tempted to see if CitiBank will allow me to transfer my CL on my DP card to my TY card? I applued for both cards, same day, same time and both got instant approved for $4,600.


    I've NEVER even used the DP card. So if I were to call, could CB transfer some of the CL to my TY card?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    952

    Default

    Quote Originally Posted by Dylan1982 View Post
    I'm also tempted to see if CitiBank will allow me to transfer my CL on my DP card to my TY card? I applued for both cards, same day, same time and both got instant approved for $4,600.


    I've NEVER even used the DP card. So if I were to call, could CB transfer some of the CL to my TY card?
    It never hurts to try. I would call their backdoor number to ask. I do know that Citibank likes to blame CARD Act for not being able to do PC's or combining credit lines. I am not sure if they have changed their stance on that recently. They used to do all of that stuff no questions asked, but after the Great Recession and CARD Act...not so much. But it never hurts to try!

    Edit: as the other guy said in your other post, you will need to wait until after June so that your card is over a year old thanks to CARD Act.....
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    Quote Originally Posted by CC Deville View Post
    It never hurts to try. I would call their backdoor number to ask. I do know that Citibank likes to blame CARD Act for not being able to do PC's or combining credit lines. I am not sure if they have changed their stance on that recently. They used to do all of that stuff no questions asked, but after the Great Recession and CARD Act...not so much. But it never hurts to try!

    Edit: as the other guy said in your other post, you will need to wait until after June so that your card is over a year old thanks to CARD Act.....
    Do you have the back door number so that I can try this in the future?

    What exactly is the CARD act?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    952

    Default

    Quote Originally Posted by Dylan1982 View Post
    Do you have the back door number so that I can try this in the future?

    What exactly is the CARD act?
    Citibank's "retention" department: 800-444-2568

    CARD Act...ugh... Credit CARD Act of 2009 - Wikipedia, the free encyclopedia

    Essentially (IMHO), it is the goverment being a nanny to idiot American consumers that cannot handle their affairs and in an attempt to gain more votes from the sheep that are Americans, the dems placed all of the blame for the current economy on the banks (never minding their/our own foolish materialism). But officially it is regulation meant to keep the banks in line and to be more transparent to consumers. There is both good and bad from it but I like to bash it whenever I can just for kicks.

    For your situation, banks are not allowed to increase annual fees during the first year of cardmembership. Even though Thank You, Diamond Preferred etc do not have any annual fees, Citibank has decided per their interpretation of CARD Act that they won't make any changes during the first year.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    Well hopefully after my 1 yr is up with them, I will call their retention number and see if I can combined the DP CL to my TY card. I really have 0 use for the DP.

    And now that I just got the Chase Freedom card, I really won't be using my TY card all that often once I receive my Freedom card!
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    Haha.... I got an email from CitiBank regarding my TY card, they AUTOMATICALLY increased my CL without me asking!!

    I was quite surprised they did that since my acct is only 8 months old.

    They increased my limit to $6,400
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    952

    Default

    Quote Originally Posted by Dylan1982 View Post
    Haha.... I got an email from CitiBank regarding my TY card, they AUTOMATICALLY increased my CL without me asking!!

    I was quite surprised they did that since my acct is only 8 months old.

    They increased my limit to $6,400
    That's hot. A lot of banks are processing auto CLI's within the 1st year of cardmembership...after that they will have to obtain income info.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.