Citibank credit limit increase offer

[Flashware]

Definately LESS THAN 10K!!! It had been higher previously but that was 4 years ago and even then it was < $80k combined. AND they had advised Citibank that bankruptcy was likely.

There is only one word to describe that, and that is insane

[Diesellife]

Their total income won't even cover half of the interest....
That's responsible lending ...... in citibank's view and no wonder their shares are now shine like gem

[trippin_the_rift]

I need to ask the obvious question here... to get such large increases are you carrying a debt or repaying monthly?

Nothing wrong with having access to a large amount of credit so long as you're responsible not to use it if you can't afford it!

[docjames]

no wonder their shares are now shine like gem

You cant polish a turd

[edman]

I need to ask the obvious question here... to get such large increases are you carrying a debt or repaying monthly?

Nothing wrong with having access to a large amount of credit so long as you're responsible not to use it if you can't afford it!

In my case I pay the balance in full each month so no carry over debt. Doesn't justify a limit increase of over 30k in a 6 month period though in my book.

In my clients case they hadn't even been able to make minimum payments for at least 6 months.

[Diesellife]

In my case I pay the balance in full each month so no carry over debt. Doesn't justify a limit increase of over 30k in a 6 month period though in my book.

In my clients case they hadn't even been able to make minimum payments for at least 6 months.

To all the people out there who want to increase their limit with citibank...simply do the same - don't pay them for 6 months and voila....limit increased!

[WA flyer]

I just received my statement yesterday for my Citi m/c, with a final chance notice on the back to increase to 50k. It seems pretty pointless as i'm currently on 45k, which is more than adequate for a monthly spend of about 20k. I'll switch to my recently upgraded "free for life" Citi visa, which I will need to increase, when I use up the 120k cap

[jingles]

I need to ask the obvious question here... to get such large increases are you carrying a debt or repaying monthly?

Nothing wrong with having access to a large amount of credit so long as you're responsible not to use it if you can't afford it!

I dont use my card much, on average each statement would be <$100.
The debt is always repayed in full before the interest free period expires.

Not long after getting the free for life gold they sent me out a letter to sign which would increase my limit to $10,000.
About 3 months ago they sent me another letter offering me periodical increases up to $27,000.
I have not yet been automatically increased from the $10,000 though.

I accepted both as when i want a credit limit increase they probably will not give me one for whatever reason they see fit whereas now when i dont need an increase they will happily give me one.