Wow, I must have inadvertently stepped on your ... to trigger such a response.

Banks are not really stupid - they still run a business and a business will need to evaluate whether their marketing expenses would bring in the hoped-for return. Granted, we all know the big banks are no charity, they just want to lure people in and try to trap people with all sorts of fees and such should some accidentally slip... Then they discover by the hard figures that there are some people out there actually can take advantage of this and "turn around" to "fleece" them. They will look into the marketing practice, and then do adjustment, however slowly, as needed.

It does not matter how much revenues they run each year. For the same token, how do you think ExxonMobil and the like, raise the price of gas at the pump claiming there are shortage in the supply chain due to refineries shutting down... well, they still have gas to supply the stations, dont they? Not a very good analogy, but hope you get the point - that a business would always try to maximize profits.

ScootyPuffSr said:On the other hand, the AORers definitely kill the 0% no fee offerings, for those who actually need it, not for extra income, but need it to help paying down higher rate loans or whatever.

Interesting that you think a couple dozen or a couple hundred people "definitely" have shifted the policies of a 270 billion dollar company that is wildly profitable.

I think you give me too much credit. It is flattering none the less.

By the way, I'm also the reason why food costs so much. You see I buy a lot of food on sale and drive down the margins at the grocery store.

I'm probably responsible for global warming too. Ooops.

One other thing, if I buy a plasma TV and new car I can't afford and run up CC debt then I "need" no fee BTs? But if I'm a hard working person just trying to save a little extra for retirement and donate the rest to charity then I'm not deserving of the BTs?

It is opinions like yours that make me glad we are a free market society rather than a command economy where people like you can dictate what people "need".

donthvname said:Banks are not really stupid - they still run a business and a business will need to evaluate whether their marketing expenses would bring in the hoped-for return.

Citi is phasing out the BT cap and thus matching BoA/MBNA's policy. That's is more than enough to kill profit without changing reallocation policy.

ScootyPuffSr said:On the other hand, the AORers definitely kill the 0% no fee offerings, for those who actually need it, not for extra income, but need it to help paying down higher rate loans or whatever.

Interesting that you think a couple dozen or a couple hundred people "definitely" have shifted the policies of a 270 billion dollar company that is wildly profitable.

I think the number is probably in the tens of thousands now. Many of my educated friends and my sister's friends from college are doing 0% bts. Whether even that many people is more than a drop in the bucket is a separate issue. However, it would be foolish not to at least analyze the meaning of these new datapoints that we are getting.

I think REALLOCATION to a 0% -2.99% card is what is no longer being allowed by CITI, as pointed out by the OP. CONSOLIDATION may be the only option to get the available credit line to the lower interest BT card.

CSR said policy regarding reallocating credit line to cards with rates less than 3.0% started 5/31.

Anyone able to reallocate to a 0%, no fee BT offer card since May 31st?

Today I consolidated my Citi American Express and att universal. Moved 23300 to my att and closed my citi. I have a 0% until next May, although the card has been opened awhile, since I had a year to use Citi's offer. I had no problems. YMMV it seems.

Please try again and see what happens... This is very disturbing!

Attempting to test the 2k theory on the AA card to reallocate to AT&T -
New CSR didn't say a word about my previous attempts & proceeded to process my request proficiently. I was leaving $5K on my AA just to cover.... alas, after all info was given, I got the dreaded "24 hours to process" answer.
Of course, today is past 24 hours and no reallocation.

This is potentially very disappointing. I'm especially wondering on the impact on new card applications when you've already got a bunch of credit with Citibank. Even if I wasn't trying to game the system, it would be a pain if you got a new card, and the credit line was left to the whims of whatever the analyst felt like reallocating.

Anyone tried reallocating via a request through email? (I don't know if they even allow that).

Finally, the "nuclear option" might be to request the card be closed, and the line consolidated.

germanpope said:sammy1224 said:They must be catching on... What else can we try?

my guess is that folks will try to work around this by reallocating to a non-promo card --- waiting --- and then consolidating and the closing the non-promo card into a new promo card


Mark this down as reason #2489724 on why not close a no annual fee credit card until you have a good reason. If this rule holds I will have absolutely no problem reallocating to my latest 1-2 year old Citi card and then consolidating (closing) into the latest promo.