www.creditlimitincrease.citi.com – How to Increase Citi Credit Limit Online
How to Request for a Citi Credit Limit Increase:
Citi Credit Limit Increase is a great option to increase your spending power and improve your credit history. It is quite easy to make the request and sometimes the results can be instant. Here you will get everything about the Citi credit limit increases, including whether you can expect Citi to make a hard pull or soft pull on your credit profile.
About Citi Credit Limit Increase:
The Citi Credit Limit increase is a request that you make with Citi Bank to increase the credit limit of your credit card.
How do I increase my credit card limit Citi:
There are mainly two ways through which you can request a Citi credit limit increase.
You can simply request a Credit Limit Increase by login into your Citi Bank account. You must have to follow these simple instructions below to request a credit limit increase:
- Firstly, you need to visit this link www.creditlimitincrease.citi.com.
- There, on the given fields, simply input your registered login credentials.
- After providing your login credentials, you have to select the Sign On option.
- Then, you have to select which card you want to apply for the credit limit increase.
- You can also log in to your account and go to the Services option.
- There, you just need to click on the Request a Credit Limit increase option.
- On the next page, you have to provide monthly rent or mortgage and annual income.
After you verify your details, you will get the message immediately if you have been approved for the credit limit increase. There, you will get the chance to request an additional credit limit increase if you’d like.
Request by Phone:
Users can also request a credit limit increase over the phone. For that, they have to contact Citi at 1-800-950-5114. You can also call the number on the back of your Citi credit card.
How Much Increase Should You Ask For?
If you are thinking of an additional increase in credit limit, then you must wonder how much additional credit you should ask for.
It depends on you how much amount that you should ask for. It is pretty reasonable to request for your credit limit to increase by 50% to 100%, based on your starting credit limit. However, you can also request an increase that is way higher than that.
There are reports of some people with starting credit limit of $1,200 and then received an increase up to $20,000. Another report shows that someone getting an $11,000 increase from the $3,750 credit line.
Citi Bank is known for providing you a counteroffer if you request for too high. So, many people will request increases that are much higher than their current credit limits.
Also Read: How to Access PNC Bank Account
How Often You Should Request for Credit Limit Increase:
Once you activated your credit card, you can request a credit limit increase.
But you should know that banks always do not approve the credit limit increase. You should use your card at least for few months and then request for credit limit increase. So, after opening a new credit card, you should at least wait 3 to 6 months.
It is not just about days. You should wait until your credit score is in better shape before applying for the credit limit increase.
You should remember that opening a new credit card can cause a temporary drop in your credit score due to hard inquiry. Also, the new account bringing down the average age of your accounts. So, you must wait until that negative effect has gone away before requesting your credit limit increase.
As for the general rule of thumb, try to keep your credit score closer to 720 or higher. It will increase the chances of getting approval for a credit limit increase.
Which Cards Are Eligible for Credit Limit Increases:
After you successfully log in to your Citi account, you can check which of your cards are eligible for a credit limit increase. You can contact the customer service department to check if your credit card is eligible for the credit limit increase or not.
Why Should You Increase Your Credit Limit?
There are several ways through which a Citi credit limit increase could be beneficial.
More Spending Power:
If you like to make a big purchase, then a credit limit increase is going to allow you to increase your spending without maxing out or going over your credit limit. Make sure that you are ready to take on a higher credit limit so that you don’t end out paying interest on your purchase.
Boost Your Credit Score:
Increasing your credit limit will decrease your credit card utilization and help you to increase your credit score. Utilization is the second most important factor for your FICO credit card, which makes up around 30% of your overall score.
Automatic Citi Credit Limit Increases:
Citi Bank sometimes performs a soft pull of your credit profile and it is possible to receive an automatic credit limit increase.
For an automatic credit limit increase, you must have been an active spender and have your utilization under control along with your flawless payment history. More the Citi will show you as a profitable customer, the more they will offer you an automatic increase.
If you ever receive a pay increase, immediately update your income in your personal file because that makes a huge difference when it comes to getting automatic increases.
Citi Contact Info:
For any queries about the Citi Credit Card, you can contact the customer service department.
Call At: 1-800-950-5114
Mail for General Correspondence:
Citibank Customer Service
P.O. Box 6500
Sioux Falls, SD 57117