How do I increase my Citi Double Cash credit limit?

You may be eligible for a credit limit increase without asking after 6-12 consecutive months of on-time bill payments with a new credit card account. Credit card companies need evidence that you can handle your current spending limit responsibly before giving you the ability to borrow more.

Creditors will review your credit, income and payment history on a regular basis moving forward. If they feel you can afford an increase and refrain from abusing the added spending power, they may automatically grant a credit limit increase without you asking.… read full answer

If you get a credit limit increase without asking, it should help your credit score. To start off, issuers only use a soft inquiry (which does not affect your credit score) for this type of increase. If you ask them for an increase instead, they’re more likely to use a hard inquiry, which can cause a temporary drop in your score. In addition, getting any kind of credit limit increase adds to the total credit you have available, which can lower your credit utilization if you spend the same amount of money (or less) than you did before. Or, it can allow you to spend more without increasing your utilization.

If you want to increase the chances of a credit card company giving you a higher limit without you having to ask for it, there are a few steps you can take.

How to get a credit limit increase without asking:

1. Always pay all your bills on time.
2. Pay off the card you want the higher limit on fully each month.
3. Update your income on the credit card company’s website/app.
4. Keep your account open for at least 6-12 months.

These steps won’t guarantee you a credit card limit increase without asking. But they will certainly help your chances.

If your credit card’s issuer doesn’t grant you an unsolicited increase, you may want to just ask for an increase yourself. While your request will probably lead to a lower credit score, the damage will be small and temporary. And in the long term, a limit increase has the potential to bring your score higher.

A Citibank credit limit increase could either involve a soft pull or a hard pull. You can apply for an increase online or by phone ((800) 950-5114) and Citibank will always notify you whether your request will trigger a soft or hard credit inquiry. Citibank also evaluates existing accounts and may offer select customers automatic increases. This option isn’t something you can count on, but it always involves a soft pull. If you receive a credit limit increase offer, but decline it and ask for more, it’s more likely that a hard pull will be involved to determine if your credit is good enough.… read full answer

When requesting a credit limit increase, Citibank will consider many factors that determine whether a soft pull or a hard pull will be used. Some of these include the age of your account and whether you have requested an increase in the recent past. But you’ll always be notified that a hard pull is coming, so you won’t be caught off guard.

Citibank will also periodically review your file with a soft pull to see if you’re eligible for an automatic credit limit increase. You’ll have a better chance of getting one if you’ve been using your available credit responsibly, paying on time and not utilizing a large amount. Also, to increase your odds of an automatic increase, make sure you keep your income and housing information updated on your Citibank account.

Here’s how to get a Citi credit limit increase:

1. Log in to your account and select the “Services” tab.
2. Click “Credit Card Services”
3. Click “Request A Credit Limit Increase”. You’ll be notified whether your request will trigger a soft pull or a hard pull.
4. Enter your annual income and mortgage rent payment and Citi will display the amount you’re approved for or deny your request.

Applying for a credit limit increase can also be done through the Citi Mobile App. Just log in to your account and follow the same steps as above. You can also get a Citi credit limit increase by phone. Just call (800) 950-5114, enter your card number, tell a customer service representative that you’d like a credit limit increase, and accept whatever they offer. If Citibank needs to do a hard pull, the customer service representative will inform you first.

However you go about it, getting a higher credit line can be well worth your while. It can improve your credit utilization without forcing you to decrease your spending. But if you’re in no rush, you can wait and see if Citi offers you an increase automatically.

The Citi Double Cash Card credit limit will be at least $500 to start. It could be a lot higher than that, depending on your overall creditworthiness, but Citi doesn’t disclose a maximum. In general, though, the higher your credit score is and the more income you have relative to your existing debt obligations, the higher you can expect your credit limit to be.… read full answer

Furthermore, you shouldn’t read too much into the Citi Double Cash Card’s $500 minimum credit limit. That amount is not uncommon for a credit card that requires at least good credit for approval. If you consistently pay your bill on time, you’ll also become eligible for a credit limit increase after six months or so.

At the end of the day, all we can say for sure is that Citi Double Cash Card is one of the best cash back credit cards on the market and has a credit limit that will be at least $500. It’s definitely worth applying for if you have the good credit or better needed for approval. If you don’t get approved for the kind of limit you’re looking for, you don’t have to open an account. And you might even wind up with a higher limit if you balk at the initial number and declare your intention to walk.