How to reallocate credit lines across multiple cards

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bisbicos
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How to reallocate credit lines across multiple cards

Postby bisbicos » Thu Sep 01, 2011 9:50 am

Hi guys, ive heard alot of people talk about Amex and how easily it is to reallocate credit limits between cards. I was wondering if this is true with other cards/banks. I have the Citi forward card and want to increase my Cl on it by moving some of my available credit from another higher interest Citi card.

Has anyone delt wit Citibank in this mmanner? Also how should I go about doing this?
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink


zapper_89
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Postby zapper_89 » Thu Sep 01, 2011 11:42 am

I am curious about the answer too. From my understanding, as long as it it the same issuer (I.E. Citi) it is possible. You will definitely want to talk to someone in person, here are the Citi phone numbers:

Citi: 888-201-4523 (New App Approval Status)
Citi AA: 888-662-7759
Citi App Status: 800-645-7240, 800-288-4653, 800-750-7453
Citi: 800-444-2568 (Retention Dept.)
Citi: 800-763-9795 (Credit Dept.)
Citi Credit Bureau Dispute Fax: 866-713-5028

ooxs
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Postby ooxs » Thu Sep 01, 2011 4:18 pm

Unfortunately American Express is one of the few that will allow this feature. Capitalone was the second bank I know but last I checked this was no longer available.

sticf
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Postby sticf » Fri Sep 02, 2011 6:16 am

Just to be clear. You want to move limits between cards and leave them both open?

While I have never done that, I have moved credit to a one card while closing another at US Bank. It was not that hard. I requested the CLI and closed the other account on the same phone call. The account I closed was the newer of the 2 so it actually helped my credit score by lengthening my AAoA. I would assume that any reasonable bank that wants to keep their good customers would not have a problem with the request.

jeffysdad
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Postby jeffysdad » Fri Sep 02, 2011 11:43 am

I've reallocated available credit from one card to another with the same issuer simply by calling the issuer. I've had no trouble doing this with Chase, FIA Card Services/Bank of America or American Express. I don't expect any other card issuer would object to a customer in good standing doing this.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

ivorydove
 
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Postby ivorydove » Fri Sep 02, 2011 2:35 pm

I have done this with Chase too and never had a problem with my request.

JNK
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Postby JNK » Sun Sep 04, 2011 10:43 pm

ivorydove wrote:I have done this with Chase too and never had a problem with my request.


I tried doing this with Chase and I am an excellent customer with an excellent credit score and I got rejected.

Chase, in my experience in the last two years, HATES reallocating credit lines and HATES increasing CLs and HATES dropping APR.
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash

naomibatac
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Postby naomibatac » Mon Nov 07, 2011 2:39 am

What I understand, this is part of bad debt credit card where in you can move balances to one card in order to pay off credit card debts. I haven't done it, but I suppose most banks will allow this in order for them to collect from cardholders instead having bad debts.
[size=60]I don't have any relationship to the credit cards or companies discussed here. I am solely a regular member of this forum with no direct financial rewards from this site. My opinions are solely mine.[/size]

A mom of 3 and currently living life, and working for credit card helpline, a company dedicated to helping people get out of credit card debt.

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bisbicos
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Postby bisbicos » Mon Nov 07, 2011 3:31 pm

I tried last week Citi would not reallocate but did approve me for a Cl increase.
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink



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