Citibank Custom Credit Line Review

Where does Citibank Custom Credit Line do business?

What are the APRs offered via Citibank Custom Credit Line?

Citibank Custom Credit Line offers personal lines of credit with variable APRs starting from 10.49% to 22.49%.

Does Citibank Custom Credit Line charge an origination fee?

No, Citibank Custom Credit Line does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Citibank Custom Credit Line charge a cash advance fee?

No, Citibank Custom Credit Line doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does Citibank Custom Credit Line charge a late fee?

Does Citibank Custom Credit Line charge prepayment fees?

No, Citibank Custom Credit Line does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Citibank Custom Credit Line?

Upon approval and based on your credit worthiness, your Citibank Custom Credit Line personal line of credit will be assigned a credit line of at least $1,500 and as much as $25,000. .

What do you need to qualify for a line of credit with Citibank Custom Credit Line?

Applicants with a credit score of at least 600 can apply for a line of credit via Citibank Custom Credit Line. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

To qualify for a Citibank Custom Credit Line personal line of credit, applicants need a minimum annual income of $10,500 or higher. Citibank Custom Credit Line only considers borrowers who are employed, or have a regular source of income or benefits and have an annual income of $10,500 or higher.

Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via Citibank Custom Credit Line. Their rates fall within the limits of The Military Lending Act. Only U.S. citizens and permanent residents can apply for a line of credit.

• Applicants must have an active and valid checking account

Does Citibank Custom Credit Line report your account activity to credit bureaus?

Citibank Custom Credit Line reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Citibank Custom Credit Line

• Visit the Citibank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.