The usual Citibank credit card limit is $500 to $2,000 to start, depending on the card. For example, the Citi® Double Cash Card – 18 month BT offer has a $500 minimum credit limit. At the other end of the spectrum, the Citi Premier® Card has a minimum credit limit of $2,000. Citibank doesn’t publicly disclose any maximum credit limits.
You won’t know your actual credit limit until you’re approved for your Citibank credit card. The limit you get depends on your credit standing, income and debt. However, you can always request a credit limit increase after you’ve made several months of on time payments.
You need a credit score of at least 700 to get a Citi credit card in most cases. That means applicants for Citi credit cards need at least good credit to be approved. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one accepts applicants with limited credit history.... read full answer
Here are the Citi credit score requirements:
Limited History: For those with little or no credit history, the Citi® Secured Mastercard® is a good option. A refundable security deposit of $200 is required. It doesn’t give any rewards, but it does come with a $0 annual fee and can help you build credit.
Fair credit (640-699): With fair credit, you have a good shot at getting one of Citi’s various store cards. These cards can only be used at their associated store.
Excellent credit (750 and up): You’ll be eligible for all of Citi’s cards with a score in this range, assuming your income and other information check out. But the only excellent-credit-only option is the Costco Anywhere Visa® Card by Citi (cash back oriented, offering 1 - 4% cash back on different spending categories).
Other requirements: It takes more than just a good enough credit score to get Citi credit card approval. In particular, you need enough income to pay the monthly bills, along with your existing debts. You’ll also need a valid Social Security number (or ITIN) and a U.S. mailing address.
If you’re not sure which Citi credit card you’ll be able to qualify for, it’s easy to get pre-qualified for a credit card online. Citi might also send a pre-qualified credit card offer to potential customers. But while this increases your chances of approval, it does not guarantee it. If you have received such an offer, visit Citi’s web page and enter your invitation code and last name to apply.
Also, keep in mind that applying for a Citi or any other credit card triggers hard inquiries and can temporarily lower your score - the more inquiries over a short period of time, the more damage to your score. So, it’s best to know where you stand before applying for any credit card. You can check your credit score and track your progress for free, right here on WalletHub.
You can request a Citibank credit card limit increase online, through the Citi Mobile App, or by phone, at (800) 950-5114. Citi may also offer an automatic credit limit increase if its regular reviews of the account show a history of on-time payments and low debt. Periodic reviews typically start after the account has been open for about six months. To make a decision about a credit limit increase, Citi will also review your current income as well as your credit history.... read full answer
When requesting a credit limit increase, Citibank will consider several factors that determine whether a soft pull or a hard pull will be used. But you can rest assured that Citibank will always notify you before doing a hard pull on your credit report. In case the request will result in a hard pull, it may cause a short-term dip in your credit score. When Citi offers an automatic credit limit increase; they will always use a soft pull.
How to get a Citibank credit card limit increase online:
Select “Request a Credit Limit Increase” under the Card Management menu.
Choose the Citibank account for which you’re requesting the increase (if you have more than one).
Enter your total annual income and monthly mortgage/rent payment. Click “Continue.”
Confirm the information entered and click “Continue” to submit the request.
You should receive the decision within a few seconds of submitting the request. If you’re approved for an increase, the new credit limit is effective immediately.
A Citibank credit card limit increase can boost your credit standing if you use the extra purchasing power responsibly. The added credit can lower your utilization, assuming your spending does not increase, and that in turn can raise your credit score. If you’re planning on making a major purchase soon, an increase will also reduce the risk of maxing out the card’s credit limit.
To raise your chances of being approved for an increase, always pay your bill on time and pay more than the minimum due. And if your income increases, make sure to update that information on your online account, as Citi will see that you can afford higher limits.
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