As mentioned several times, I am prepping for my next round of AOR /BT fun....
Rather than wait on checks, I am planning on making ALL of my BT requests to Citi CC (which allows for overpayment, then will cut a check).
I don't want Citi to balk at this (as the amount can be significant, $30,000 or $50,000, or more); so I am asking for some data points for reference.
How much have you OVERPAID Citi How recent was it Did they question you, or hassle you when asking for a CREDIT OVERPAYMENT refund? Any other info you want to add...
Another thing that I MAY try is AFTER I get the BT funds into my citi CC account as overpayment; rather then request a check for the overpayment, I may ask Citi to do a BT to either one of my savings/checking accounts, or (since I already have the hard inqs from AOR) open a citi savings/checking, then move the money myself...
Thoughts, comments, observations and data points welcome!
* You too, LFTM & IYHTA.... just waiting for your neg comments and the red!*
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How much have you OVERPAID Citi 3600 How recent was it Aug 2006 Did they question you, or hassle you when asking for a CREDIT OVERPAYMENT refund? no Any other info you want to add... took almost 10 days for the check to arrive
How much have you OVERPAID Citi 5400 How recent was it April 2005 Did they question you, or hassle you when asking for a CREDIT OVERPAYMENT refund? no Any other info you want to add... can't remember how long for the check
Time: I believe if you request a refund check immediately after a payment, it may take longer, because they wait a few extra days to verify that the payment clears.
I'm currently attempting a $33k overpayment on a $8k limit, and will soon attempt $11.5k overpayment on a $5k CL. If it fails, you'll hear me complaining
24k on a 2k credit line, took a month to get it, and when I called, the first time I got a csr who was very rude and was like "why is there such a large payment" and she ended up hanging up on me, when I called back later at night I got a csr that wasn't from the US was he was very shocked to see that i had such a large amount and he said he would put it in imidatly... I called about 2 weeks later, they said since it was such a large amount would have to make sure it wasn't fraud..
How much have you OVERPAID Citi 15K over 20K CLI How recent was it 07/23/07 Did they question you, or hassle you when asking for a CREDIT OVERPAYMENT refund? NO Any other info you want to add... request refund check online EZ, I overpaid with billpay in MBNA CC.
Instead of requesting a refund check, since you have a balance you can just go ah3ead and request a BT check with no fee (it doesn't matter what the interest rate is) and then eveerthing is handled on the website. That way you don't have to worry about dealing with the CSR's. This was last month.
Oh, also, I had 80k of BT going into my citi card, so I opened up a Citibank account with a 40k PURCHASE from my citi DPR card. Then I just let the 80k of bt's hit
citi now has a BT to bank account on their cards. you should be able to BT to citi and have a negative balance, and then BT to your checking account to bring your BT back to a positive number. don't even have to deal with the checks that way
25K to one citi 30K to mbna (probably cumulative 200K to that one card). i spend some of the money so they don't mind 25K to AMEX, they are slow to refund you.
best to overpay to a card that has a no fee BT and BT's fast, the rate is immaterial.
1) why would you call citi when you can request a credit balance refund online? the fewer phone conversations i have to have about my BT shenanigans, the better.
2) let me get this straight...say you have a 10K CL on a citi card with a no fee BT offer. you overpay to create a 20K credit balance. can you request a 20K BT check for the full amount of the credit balance, or are you limited to the 10K of CL?
1) why would you call citi when you can request a credit balance refund online? the fewer phone conversations i have to have about my BT shenanigans, the better.
2) let me get this straight...say you have a 10K CL on a citi card with a no fee BT offer. you overpay to create a 20K credit balance. can you request a 20K BT check for the full amount of the credit balance, or are you limited to the 10K of CL?
1. Probably wouldn't call... just wrote call instead of writing "Log in, and request Credit Balance Refund"... my bad!
2. I have 18K CL on my one citi card... which is why I posted question. I was concerned about doing BT's GREATER than the CL, and being hassled (or shut down). So far, thanks to everyone that responded, it looks like you can BT MORE than the CL. Highest Data points are 22K over CL or 1200% of CL, 10K over CL, or 600% of CL,
And I really like what pdpyromaster did.... Lots of TY points (and technically 40K over CL)!
If any more people respond, please add CL to your response.
1) why would you call citi when you can request a credit balance refund online? the fewer phone conversations i have to have about my BT shenanigans, the better.
2) let me get this straight...say you have a 10K CL on a citi card with a no fee BT offer. you overpay to create a 20K credit balance. can you request a 20K BT check for the full amount of the credit balance, or are you limited to the 10K of CL?
you sould have a CC with a -10K balance on it. then you could do up to a 20K BT to checking on that card, but then you'd have a 10k balance on a card of a 10K limit, so i'd recomment a 19K or less BT. which would give you a balance of 9k or less on the CC.
Squeezer99 said:lhendricks92 said: 2) let me get this straight...say you have a 10K CL on a citi card with a no fee BT offer. you overpay to create a 20K credit balance. can you request a 20K BT check for the full amount of the credit balance, or are you limited to the 10K of CL?
you sould have a CC with a -10K balance on it. then you could do up to a 20K BT to checking on that card, but then you'd have a 10k balance on a card of a 10K limit, so i'd recomment a 19K or less BT. which would give you a balance of 9k or less on the CC.
sorry if i wasn't clear. you start off with a zero balance, then create a 20K negative balance. what i was asking is what technologist answered - can you BT for MORE than your CL if you have a negative balance? apparently, yes, you can.
From what I have seen with Citi is that there is often a 30 day delay in thier processing for credit refunds, then you have to wait for snail mail check which takes 7 days.
Technologist, do you have a HELOC? If so, you should be able to get a 16 digit credit card that links to it. In this case, you can send all the $ you want to the HELOC and withdraw it with your checks with no delays and no fees . This appears to be the best way to be able to ask for big BT's on applications in hopes of a higher CL.
When are you doing your AOR? This weekend I am going to write up a summary of results from my recent family AOR's that might help you. You can PM me if you wish.
How much have you OVERPAID Citi: $13K on $3.5K CL How recent was it, 2006.8 Did they question you, or hassle you when asking for a CREDIT OVERPAYMENT refund? No Any other info you want to add... requested 2 BT checks, $6K + $7K
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. This appears to be the best way to be able to ask for big BT's on applications in hopes of a higher CL.
