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8th September 2015, 11:45 AM
Super Moderator
 
Join Date: Apr 2013
Re: Citibank Available Credit Limit

Citibank is the consumer division of financial services multinational Citigroup. Citibank was established in 1812. Its head quarter is located in New York City, United States.

Credit Limits

When you are approved for credit, the creditor puts a credit limit on your account.

This is the maximum balance you can carry.

Each card issuer has its own standards for setting credit limits.

Some factors that may affect their decision are:

Your monthly income
Current debt (other credit cards, car loans, student loans, etc)
Home ownership
Length of residence at your current address
Number of times you've applied for credit
How much credit you need or use

You may ask your credit card company to increase your credit limit.

You may qualify for a higher credit limit if your income has increased or your debts have decreased.

You may also qualify if you always pay on time, pay more than the minimum payment due or pay your balance in full.


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