Citibank allows cardholders to request credit limit increases online, on the mobile app, and over the phone with customer support. Issuers often consider your debt-to-income ratio (DTI), which should be below 40% for approval. Typically, you need a personal credit score of 680 or above and credit utilization below 30% to qualify.
Whether you need a higher credit limit to make larger purchases or just for emergencies, getting a Citi credit limit increase can help. Consumers looking to improve their credit by lowering their credit utilization can apply for an increase as well. Citibank doesn’t always run a hard credit check after you request a credit line increase, but they may do so in some cases. Cardholders looking for higher credit limits can also apply for a new credit card.
How to Get a Citibank Credit Limit Increase
There are four ways to ask for a credit limit increase with Citibank, including over the phone and through the Citibank mobile app. Your Citibank account should be open at least six months before requesting an adjustment to your credit limit. As an alternative, cardholders also have the option to get more credit by applying for a new Citibank credit card.
1. Request a Citi Credit Limit Increase Online
You can request a Citibank credit limit increase online through the Citibank website. Account users need to log in with their username and password, and then submit the application through the secured session. You’ll also need to enter in your total annual income and monthly mortgage or rent payment. Citibank uses that information to determine your eligibility.
To request a credit limit increase with Citibank online:
- Log in to your online account
- Click on the “credit services” under the “Services” tab
- Click on the “Request a Credit Limit Increase” link
- Select the account from the drop-down menu
- Fill in your total annual income and monthly mortgage or rent payment
- Click Next to confirm your information and submit
Citibank uses information from your credit profile to determine your DTI. A low DTI shows banks that you can handle the added obligation. Either way, you’ll have a decision instantly. In most cases, the lender won’t need a hard pull on your credit report to review the request. If you’re approved, your new credit limit will be available immediately. If your request is denied, you’ll receive a detailed denial letter by email or in the mail within 10 days.
2. Request a Citi Credit Limit Increase Through the Mobile App
Requesting a Citibank Credit limit increase through the mobile app can be done in just a few steps. Once you log in to the app, you can apply for an increase under “Services” and “Credit Management” options. Citibank doesn’t require a hard pull of credit in most cases, but they may pull a hard inquiry if you request a specific amount yourself.
Request a Citibank credit limit increase through the mobile app with the following steps:
- Log in to the Citibank mobile app
- Click on “Services” at the bottom of the page
- Click on “Credit management”
- Click on “Request Credit Limit Increase”
- Fill in your total annual income and monthly mortgage or rent payment
- Click “Submit”
Consumers will be notified immediately whether their application has been approved or denied. If your request was denied, Citibank will send a letter with a detailed reason via mail or email within 10 days. If your request is approved, you’ll have access to your additional credit limit the same day.
3. Request a Citi Credit Limit Increase by Phone
Another way to increase your credit limit is over the phone. You can speak to a Citibank representative by calling the number on the back of your card or by dialing Citibank at 800-950-5114. Be prepared to provide your personal information, income, and your monthly expenses. Businesses may also need to provide additional business information. Sometimes, Citibank will make a hard inquiry on your credit report, but they’ll notify you beforehand.
4. Apply for a New Citibank Card With a Higher Credit Limit
It’s not always ideal to request a Citi credit limit increase. If you get approved, Citibank usually determines how much of an increase you get. Consumers that need more credit can apply for a credit card where they may get a larger amount for expenses. Although some people want to avoid the impact that a hard inquiry can have on their credit, the request may be worth it. Applications for new Citi cards are available online.
By opening another credit card account with Citi, you’ll have access to more funding, and you may even get benefits only awarded to new credit card accounts. Not to mention, it’s an opportunity to expand your relationship with Citibank. Cardholders aren’t restricted to just Citibank as their credit card provider, and they may want a new card from a different issuer. Multiple card providers offer a variety of credit cards with higher limits.
Apply for a High Credit Limit Business Credit Card
Business owners looking to have up to $100,000 available for spending should apply for a high limit business credit card. Owners will have access to at least $15,000 and may even be able to take advantage of an introductory offer that can help save on financing large dollar purchases. Businesses should have a personal credit score of 670 or above to get a business credit card.
Tips for Qualifying for a Citi Credit Limit Increase
Before requesting a Citibank credit limit increase, you should ensure that you’re in the best position to get approved. You can do this several ways, including checking your credit report regularly and understanding your credit score. It also helps to know your credit card provider’s policies on credit limit increases. You’re more likely to get approved for additional credit when you have a good payment history and total debt that’s less than 40% of your income.
Check Your Credit Report Regularly
Keeping track of your credit report can help you understand any weaknesses on your credit profile. Checking your credit report regularly will help you keep track of your payment history. Cardholders can also evaluate their DTI before the credit card provider will.
Being responsible with your credit by paying down your debt and by keeping your DTI below 40% will help you prepare for a credit limit increase. Consumers should check their credit reports at least once every three months.
Determine Your Bank’s Policies for a Credit Limit Increase
Knowing your bank’s policies for credit increases can help you prepare for the application. By getting guidance from your card issuer, you can avoid unnecessary denials and waiting periods. While some providers only require you to wait 16 to 31 days between credit limit requests, Citibank requires applicants to wait six months.
You can give yourself the best opportunity for success by requesting more credit only when you’re confident you’re ready to take on more debt. This is especially true for requests that require a hard pull on your personal credit reports. Hard credit inquiries can drop your credit score as much as five points at a time.
Reduce Your Credit Utilization
Your credit utilization is the amount of credit balances you have vs the amount of credit available to you. This score is one of the most important factors affecting your credit, as it accounts for almost a third of your credit score. People with a credit utilization higher than 30% will have a harder time getting approved for a Citi credit limit increase. Use responsible credit practices and pay off your credit balances as quickly as you can.
You can reduce your credit utilization in the following ways:
- Make multiple monthly payments to pay down debt
- Keep your old card accounts open and active
- Avoid late payments
- Set account alerts
Credit card issuers look at more than just your credit utilization. They also review your payment history, length of credit, types of credit used, and new credit inquiries. Credit card issuers like Citibank use this information to determine if you’re managing your credit responsibly.
Know Your Credit Score
Your personal and business credit scores play an important role in determining your credit eligibility. Understanding your credit score helps you understand what creditors like Citibank see when they pull your information for credit limit increases. Citibank is one of the few providers that gives cardholders access to their FICO credit scores. Consumers can access their scores through the Citibank mobile app or online for free.
Business owners should keep track of both their personal and business credit scores. Personal scores range as low as 300 to as high as 850 — business scores for FICO’s business LiquidCredit score range from zero to 300. Checking your own score acts as a soft inquiry and does not impact your credit like a hard credit check would.
How to Check Personal and Business Credit Scores
Citibank gives cardholders the ability to check their FICO scores while logged in to their online account. It’s completely free for Citibank cardholders and does not require any additional sign up. Some providers offer credit scoring services that estimate your score, but that may not reflect your actual FICO score. You can access your credit score through other vendors, by visiting their websites and putting in your personal information.
If you have a business, it’s just as important to know and understand your business score. Credit providers often look at both your personal as well as your business credit reports and scores when reviewing credit limit increase requests. Business owners can access their business as well as their personal credit scores for free through NAV.
When to Ask for a Citibank Credit Limit Increase
When requesting a Citi credit limit increase, timing is important. Consumers should submit a request when they have the best shot at getting approved. Ideally, you want to submit an application for increase when your income is high, and your debt is comparatively low. Banks see this as evidence of your ability to manage debt responsibly.
You should request a credit line increase from Citibank:
- When you’ve had your credit account at least six months: Most credit card issuers require that you’ve had the card account opened for six months or more. If you’ve had your Citibank card for less than six months, you may have to wait.
- If you’ve had an income increase: If your monthly obligations have not changed and your income has increased, it may be the perfect time to apply. Issuers are looking for more income than debt as evidence that you can handle additional credit.
- If your rent or mortgage decreases: Card providers ask for your rent and mortgage payment amounts because they use them to estimate your DTI. All other things considered, a drop in monthly rent or mortgage can help improve your odds of raising your credit limit.
- When your credit score increases: If you’ve been managing your credit by paying down your debt and keeping a good account history, it should increase your credit score. Card issuers like Citibank often use your credit score as a key factor in determining creditworthiness.
When Business Owners Should Ask Citibank to Increase Credit Limits
The best time to apply for a Citi credit limit increase as a business owner is when your company has an increase in revenue, time in business, or a rise in inventory. A credit increase can help support your business’s growing expenses. Owners who want a higher credit limit can also apply for a high limit credit card. Owners who have raised their personal credit scores above 679 will improve their chances of approval significantly.
What to Do If You’re Denied for a Citi Credit Limit Increase
If you’ve applied for a credit limit increase and were denied, there are a few things you should do. A denial doesn’t mean that you won’t be able to get an increase in the future. Understanding the reason for the denial and working to improve your credit profile will improve your odds next time.
Some actions you can take if your credit limit increase request is denied are:
- Review your denial letter: Your provider will mail you a detailed letter stating the reason for the denial. Review the letter to understand what you need to change to get approved next time.
- Review your credit report for errors: If your denial reason isn’t lining up with what you know, you should review your credit report for any discrepancies. You can report any errors to the credit bureaus.
- Pay off your debt: If you have too much debt, your DTI will be higher than issuers are willing to accept. It may indicate you can’t handle the new increase. Paying down your debt will show that you have more income available to pay on a new credit increase.
- Apply for a new credit card: Applying for a new credit card might be a better option for more credit than a credit limit increase if you’ve been denied. Some card issuers have stricter requirements for credit than others, applying for a new card with a different provider may help.
Citi credit limit increase requests are sometimes denied. You may need to wait for six billing cycles before applying again. Citibank may increase your credit line automatically once if the lender later determines you’re qualified. Just be sure to update your income frequently.
How a Citi Credit Limit Increase Impacts Credit Scores
Getting a credit limit increase will improve your credit score if you don’t take on more debt. Once you have more credit available, your credit utilization score will decrease, and your credit score will increase. In most cases, requesting a Citi credit limit increase does not require a hard inquiry on your credit report. If you’re requesting a larger amount than Citibank initially approved, they may make a hard inquiry on your personal credit report.
Personal Credit Score
Citibank usually pulls a soft inquiry for a credit limit increase request, which doesn’t negatively impact your credit. Requesting a larger limit than you were granted may cause Citi to pull a hard credit check. Sometimes, it’s necessary to verify that you can take on more debt. A hard inquiry will show up on your report for two years, but the impact shouldn’t last longer than a year. If your score is just on the edge of a poor rating, it might be worth it to wait.
Business Credit Score
Business credit scores can improve after a Citi credit limit increases. Your business’s credit utilization will drop with the additional credit. Unlike personal credit scores, your business credit score will not be negatively impacted by a hard inquiry.
Frequently Asked Questions (FAQs) About Getting a Citi Credit Limit Increase
We covered a lot of steps on how to increase credit limits with Citibank. In this section, we address the questions that are most commonly asked.
How often can I request a credit increase from Citi?
You can request a Citibank credit limit increase once every six months. Requests can be completed online, over the phone, or on the official Citibank mobile app. You’ll need to provide your most current total income and your monthly mortgage or rent information.
Does Citibank automatically increase credit limits?
Citibank periodically reviews your credit card account for eligibility and grants credit limit increases automatically. Automatic increases are based on Citibank’s criteria, and approval is at their discretion. To improve your chances of an automatic credit limit increase, keep your credit score above 679 and update your income and housing information regularly.
Does Citibank do a hard pull for a credit limit increase?
Citibank does not usually require a hard inquiry for a credit limit increase and typically pulls a soft inquiry, which doesn’t negatively affect your credit. In some cases, Citibank may do a hard pull for a credit limit increase request, but they will inform you before they do.
Cardholders can request a Citi credit limit increase over the phone with customer support or online and on the mobile app for convenience. You’ll know if your request is approved or denied instantly. Reviewing your credit profile and paying down your debt before applying can improve your chances of approval.
Applying for a new credit card is an option for people looking to build up their available credit. Adding a new credit account can temporarily impact your credit score, but it may be better to apply for a new card if you’re unable to get a Citibank credit limit increase. If you’re looking to shop and compare credit cards, visit our Credit Card Marketplace.