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Thread: Threatening my creditors worked!!

  1. #1
    PhillyDancer1982
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    Default Threatening my creditors worked!!

    Haha I finally hustled Citibank to raise the paldry limit on my Visa credit card.

    I've had my Citibank card for nearly a full year now, and they never raised my $1,000 limit once...not once! I always paid on time, never went over my limit, almost always paid the full amount...even during the introductory "0% APR for the first 6months" offer they gave me, I STILL paid off my balance in full each month! But when you make a lotta money and spend a lot, a $1,000 limit just won't cut it. My spending needs were too big for my card's limit. Part of the reason why I paid off my balance in full, was because I needed to pay down the card to 0 before I could rack it up again.

    So I called multiple times to ask them to raise my limit, and they refused to do this unless I agreed for them to run my credit report, which would result in a hard inquiry...which would esentially lower my credit score. I already had a number of inquiries on my credit...2 from when I applied for my car loan last October, and a number of inquiries from my poverty-stricken pre-dancing days, when I was desperately applying for bank loans for college because I didn't qualify for any financial aide loans(I got rejected because I had "insufficient income" back then, before I became a rich-girl dancer). The last thing I'd need would be more inquiries.

    Then today, I was in a bad mood about my former landlord/slumlord STILL not mailing me my deposit as promised, so I took out my frustration on Citibank by threatening to close my account because I was "one of the best customers around" and they were "highly unaccomodating." So they nearly doubled my limit, lowered my interest, and kissed my butt! It worked! I guess hustling creditors is kinda like hustling customers for dances and champagne courts. Over the last month, furniture shopping has also taught me that I can hustle down prices and save a lotta money that way too. So happy I'm finally getting a raise! Now maybe my credit report will make me look a little more established?

    How have your experiences been with credit cards? Anyone else experience this with Citibank?(I have 2 friends, both with good credit, who haven't gotten credit limit raises from Citibank in YEARS!)

  2. #2
    Veteran Member azcustomer's Avatar
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    Default Re: Threatening my creditors worked!!

    Good job Philly,

    Yea, I've had mixed results with credit card companies. It just depends upon who you get on the other end of the phone.

    Just like trolling for custies.


    "Life is not about the number of breaths you take.
    It's about those moments which leave you breathless."

  3. #3
    Banned Melonie's Avatar
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    Default Re: Threatening my creditors worked!!

    Unlike Capital One, Providian and a number of other outfits which cater to 'subprime' lending, Citibank's core business lies with international banking, private sector bonds, derivatives, and corporate customers. Citi's consumer operations, and particularly the 'riskier' consumer operations, are probably small potatoes in their overall business model - thus they are not very aggressive in making their consumer operations competitive.

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