BuckarooBanzai said: Just got off the phone with Chase - I have 2 cards with them - Visa open since 2004, heavy daily usage, $7,200 limit, has by far the highest utilization of any of my credit accounts. Mastercard open since 2005, no transactions since 2007, $5,000 limit.
I am thinking that Chase is probably going to cancel the MC on me sometime this year for lack of use, so I called today to ask to reallocate the entire $5k line to the Visa and cancel the Mastercard on my request.
Spoke with the retention dept, after the usual retention b.s. ("Do you know about the rewards on your Mastercard?") they said they would cancel the MC, but would NOT reallocate the line.
I told them to leave it open.
Do you think I would have better luck calling back and speaking with someone other than retention, maybe asking to move $3-4k over without mentioning closing the account, and then just letting the rest go when the card expires or is cancelled?No, you probably will not have better luck calling back. But, if you do decide to attempt this, please let us know in the following linked thread. Chase thread, .
I received a shiny new Citi credit card in the mail for Father's day.
I called this morning to consolidate an older card (42,400 line) into the new card (7,300).
"let me check on that, sir" Rep came back and offered only to reallocate and I didn't care either way so I told rep to move 40,000 from the old to the new.
Rep tried processing and advised me that she must speak to her supervisor (oh crap!).
After a 20 minute call, rep advised to check back in 2-3 business days to see that if the line movement went through. (we all know what that means - it is not happening).
So I asked rep whether closing the old card would make any difference in the credit line movement process. She said it was not possible to move closed card credit lines. Thinking I was dealing with a less experienced rep, I ended the call.
One hour later, the reallocation showed online!!! wooohoooo!!
If it was a zero fee 0% BT card, I'm impressed. I tried the same thing last night after reading this with my new Citi Generic Platinum Select card with 0% $0 fee, and was told they (still) couldn't reallocate or consolidate from another Citi card to one with those terms.
Yes, keep playing. A couple of weeks ago I got a citi CSR to close an old high CL card and shift the CL to a new 0%/0 BT Fee card (the Driver's Edge, which it appears may no longer exist per some other FW threads). The more I read the more I think I got really lucky. Good Luck.
frank10b said: Shockingly I got chase to re-open a closed account of over 15 years old. Now how do I keep it open?
Did you just ask nicely to get them to do that, or what? Is the card number the same as before? This is very interesting, because before I was wise in the ways of FWF, I closed some cards with nice age on them. Would love to reactivate a couple of those, but assumed they would say it had been too long.
Edit: Oh, maybe you meant a 15-year-old account just recently closed, not an account you closed 15 years ago?
Jan 08 penumbra222 said: Anyone ever taken a shot at consolidating or reallocating between an RBS card and a Citizens Bank card???I called and spoke with a few different reps.
Reps at RBS Kroger 123-rewards said it is possible to merge credit lines between RBS Kroger 123 and RBS Kroger 123 cards. It is not possible to merge RBS Kroger 123-rewards with a Citizens Bank card.
I called the Citizen's bank application center also. (800-684-2222 then transferred to application line (option 2)). Rep from "RBS Mastercard Application" center also advised me that merging RBS Kroger 123-rewards credit line with Citizens Bank credit line is not an option.
VanceWade said: frank10b said: Shockingly I got chase to re-open a closed account of over 15 years old. Now how do I keep it open?
Did you just ask nicely to get them to do that, or what? Is the card number the same as before? This is very interesting, because before I was wise in the ways of FWF, I closed some cards with nice age on them. Would love to reactivate a couple of those, but assumed they would say it had been too long.
Edit: Oh, maybe you meant a 15-year-old account just recently closed, not an account you closed 15 years ago? yea sorry for confusion cc has terrible rewards program but it has a great age so dont want to loose CL
Does any know if Bank of America allows reallocation or consolidation from a BofA Visa/Mastercard to a BofA NEA® Accelerated Rewards™ American Express® Card?
Can I convert an old wachovia (now FIA) or other old BofA to a Schwab FIA? Anybody converted into schwab, hate to ask bank for anything till I have some idea what they might do. This is an old CC so want to keep acc age
Recently got yet another Citi card and tried to consolidate from Professional to Diamond Preferred, rejected by number on back of diamond preferred card. Tried again this morning and was told that as of this morning, all consolidations have been temporarily disabled due to the new federal legislation taking affect. They are "working on the system" and hope to have it up and running "soon". CSR had no idea how long it would take.
Update: System is back up and functional apparently but rejected 2 more times trying to consolidate citi professional card to citi diamond preferred card (with 0% BT rate). They recommended I call the # on the back of the Professional card, because it's the business help line, and got rejected by them too. I'm starting to feel like Steve Urkel with all of this rejection.
Update2: Called number on back of ATT Card trying to reallocate (not consolidate) credit line from ATT to diamond preferred card and was told to check in 2 days to see if it goes through. I'm not holding my breath, but better than an outright rejection I suppose.
I was able to reallocate the total CL from an Icelandair card to a Coast to Coast card (both issued by Barclay US) The neat thing was that they has recently closed the Icelandair card but they reopened. It had not been used except for a BT a couple of years ago.
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 have two Discover cards: 1. Discover Personal Card with $5300 2. Discover Business that has $5000
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.
How much should I leave on my Discover Personal to be able to do this? $500? $1000?
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?
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?
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?
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.
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.
On Oct 2008 DjPiLL said: Reallocation & Consolidation is possible with National City personal cards.
They have a consolidation form you can fill out and fax them that can instruct them what cards to close and what cards you want limits moved.
Or if you apply for a new card the credit ninjas can move lines around to new cards. Only need to keep $500 limit on any card.Here is the standard form they mail you in order to consolidate credit lines.
I faxed the form in on a Friday and verified receipt of said form on the following Tuesday. Despite the rep saying the consolidation would take effect on the next statement, the consolidation happened on that same Tuesday.
Does anyone know if Citi allows moving credit lines? I called Citi and they told me they cannot move it because it is now illegal due to the new credit card rules. Is this true?
HoMeZ said: Does anyone know if Citi allows moving credit lines? I called Citi and they told me they cannot move it because it is now illegal due to the new credit card rules. Is this true? As far as CARD Act - no, not true, CS agent will tell anything to get rid of persistent caller. As of no Citi reallocations - seems to be true, I tried today twice with CC customer service and once with Citigold customer service. It remains to be seen whether the ban is temporary due to $60 annual fees being imposed or permanent.
Also in the past the retention would be a last resource to reallocate, but I don't even know if retention still exist - or it been turned into an attrition dept.
HoMeZ said: Does anyone know if Citi allows moving credit lines? I called Citi and they told me they cannot move it because it is now illegal due to the new credit card rules. Is this true? I tried myself -- have a CITI Platinum AMEX. Called CITI 4 times -- each time got a different story. One rep was in the middle of converting my card (well, finding out the procedure for doing so) when I got dumped. Called back, got a different rep, who says CITI won't be doing any conversions or reallocations, at least to cards "of a different type" (eg non annual fee), and at least "until CITI figures out the rules to follow from the new cc bill".
DW wanted to consolidate $3.8K CL from old Cash Returns to new Citi Platinum Select $11.7K. Letter from Citi says: "Please be advised, line movements; and account consolidations to increase the credit limit of an account with an active (accepted or solicited) Balance Transfer offer rate of 0-3% are prohibited." We decided to let it go without applying for a CL increase.
Tried with Chase, was told: "we don't do that", I said I have a card sitting here which I don't use and have this card that I want to use, can you reallocate some of the CL over, rep: "we don't do that".
Citi and Chase told me the same thing when I last tried this in February. They stopped re-allocating CL but they may decide to allow it again in the future.
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