1. What is the Citi Custom Cash Credit Limit?

The Citi Custom Cash Card credit limit is typically based on your monthly income multiplied by a factor determined by your creditworthiness. This calculator helps estimate your potential credit limit.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Monthly\ Income \) — Your gross monthly income before taxes
• \( Factor \) — Multiplier based on creditworthiness (typically 1.0-2.0x)

Explanation: Credit card issuers often use income-based calculations to determine initial credit limits, with adjustments based on credit history.

3. Importance of Credit Limit Calculation

Details: Understanding your potential credit limit helps with financial planning and ensures you don't apply for cards that may be outside your approval range.

4. Using the Calculator

Tips: Enter your accurate monthly income and an estimated factor (1.5 is a common starting point for good credit). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is a typical factor for good credit?
A: Most applicants with good credit (670+ FICO) receive factors between 1.2-1.8x monthly income.

Q2: Does this guarantee my actual credit limit?
A: No, this is only an estimate. Actual limits depend on credit history, debt-to-income ratio, and other factors.

Q3: How often can I request a credit limit increase?
A: Citi typically allows limit increase requests every 6 months, subject to approval.

Q4: Will this calculator affect my credit score?
A: No, this is only a simulation and doesn't involve a credit check.

Q5: What's the maximum credit limit for Citi Custom Cash?
A: While there's no published maximum, limits rarely exceed $25,000 for new accounts.