the Citi® Diamond Preferred® Card credit limit starts at $500 and can go up to $10,000 for the most creditworthy borrowers. According to our research, the average credit limit for borrowers with good to excellent credit (a credit score of 661 or higher) ranges from $5,209 to $9,543. Many applicants report receiving credit limits in the range of $3,000 to $5,000, although some report limits as high as $16,000.
Your credit limit will depend on a variety of factors, and there’s no way to know what your credit limit will be until you apply. To have the best chance of getting a high credit limit for the Citi® Diamond Preferred® Card, you’ll need excellent credit, sufficient income, and a low debt-to-income ratio (DTI). Your DTI is your overall credit card debt divided by your overall credit limit, and it’s a good idea to keep this number below 30%.
A high credit limit can be helpful in keeping a low DTI, which will help your credit score. This is easier to do when you have a higher credit limit, but it’s still possible with a low credit limit as long as you keep your balance to a minimum.
If you are unhappy with your Citi® Diamond Preferred® Card credit limit, you can request an increase by logging into your account or by calling Citi Customer Service. A history of on-time payments with your Citi® Diamond Preferred® Card and no recent negative marks on your credit report will improve your chances of approval.
Keep in mind that these requests sometimes put a lot of strain on your credit report, which could lower your score by a few points. You can ask before submitting your application whether Citi will perform a soft or hard pull. Citi may also process an automatic credit limit increase for cardholders who have established a positive history or seen an improvement in their credit score.
If you plan to use the card to perform a balance transfer and pay off debt, you’ll want a Citi® Diamond Preferred® Card credit limit high enough to cover your balance transfer plus the balance transfer fee. You can make a balance transfer of $500 or more, but the balance transfer cannot exceed your credit limit. Keep in mind that you might not be approved for a credit limit that may reflect the debt you’re paying off, in which case you’ll only be able to transfer a portion of your balance.
If you are not approved for the credit limit you want for the Citi® Diamond Preferred® Card, use your card regularly and pay it off in full and on time each month. After you establish a positive relationship with Citi and see improvements in your credit score, you may be able to get your credit limit increased.