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retmil
- Senior Member
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posted: Sep. 18, 2009 @ 1:01p 
USAA AMEX- Was allowed to move all but $1000 to USAA Plat MC which had a 0% offer.
USAA World- Was allowed to move all but $5000 to the same card. |
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letgetcc
- Member
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posted: Sep. 18, 2009 @ 1:08p
jackcrawfish said:My guess is Discover performs CLI's based on SSN regardless of the fact one card is a business card.
That said, I assume one personal account CLI request is fine but if you turn the next day to try a business CLI your result might be:
"you have been declined a credit limit increase due to a CLI request within the past xx months."
well Discover has a soft pull credit limit increase that is supposed to be based upon the individual account. Is this CLI also SSN based?
I am assuming you mean that only the Hard inquiry CLI is SSN Based.
But given that, if I had a $500 Discover personal credit limit. Would $500 be enuff to exercise the line and continue to build the account using CLI's? Or should I leave more, like $1000? or does it not matter how much I leave?
Also would you know if Discover would allow a second re-allocation? Ex: From Personal to Business they allow. But would they allow a 2nd re-allocation from Business back to Personal like 3 months later or something?
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sechs
- Cranky Member
rated:
posted: Sep. 18, 2009 @ 1:12p
letgetcc said:I want to re-allocate as much as possible into the Discover Business.
However I want to leave enough credit on the Personal account so I can continue to effectively "exercise my line" and utilize credit limit increases periodically so ultimately I can request CLI's every 3 months or so on both Discover accounts.FYI, Discover reports business accounts to personal credit reports. I was under the impression that Discover only allowed reallocation during a window right after opening an account. Has this changed? |
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jackcrawfish
- Addicted Member
rated:
posted: Sep. 18, 2009 @ 1:43p
sechs, that is my understanding as well. I had forgotten until you reminded me. Does anyone out there have any recent Discover datapoints to share regarding reallocation? (with no 0% capped fee offers, there are very few entertaining Discover these days). Low credit lines from them also.....
letgetcc.... go with $1000, not $500 for no other reason than it won't probably matter..... we're overthinking $500 here... man slow Friday, huh? |
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letgetcc
- Member
rated:
posted: Sep. 18, 2009 @ 2:07p
My business card is a new account and so I don't know if that is the reason Discover is letting me re-allocate. CSR said nothing about a time window, she possibly under informed me.
And, yes might be overthinking $500, but I just want to make sure that I can continue to build on my personal Discover card credit limit VS being stuck with a "value-less" $500 limit Discover card.
Anyhow, just got off the phone with CSR, she said I can do double CLI's on both personal and business accounts and they are separate, so I can at least attempt to do this.
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letgetcc
- Member
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posted: Sep. 18, 2009 @ 2:20p
Does anyone know if you can re-allocate and consolidate credit lines multiple times? |
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Garstud
- Ancient Member
rated:
posted: Oct. 24, 2009 @ 1:32p
ChoadNamath said:I called the number on the back of my Citi Professional card to ask about a credit reallocation and was told that they have never done that, period (no caveats about the type of card I was using or anything else). Anyone have any success lately with Citi? I tried a dozen times over a couple weeks to transfer credit line from my old CITI AMEX card to my new 0% offer citi card and was declined over and over. Was told it's a new policy and under no circumstances could they transfer my credit limit to a promotional card. I'm still looking for a thread that lists which banks are still allowing credit line consolidations to cards with a promotion. |
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