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About LinkBacksHi 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?
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Centurion Member
- Join Date
- Jul 2011
- Location
- Newton, MA
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- 122
How to reallocate credit lines across multiple cards
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Platinum Member
- Join Date
- Aug 2011
- Location
- South Bend, IN
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- 64
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
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Centurion Member
- Join Date
- Aug 2011
- Location
- Michigan
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- 305
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.
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Centurion Member
- Join Date
- Jul 2011
- Location
- Houston
- Posts
- 106
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.
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 542
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.
CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Green Member
- Join Date
- Sep 2011
- Location
- US
- Posts
- 2
I have done this with Chase too and never had a problem with my request.
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Platinum Member
- Join Date
- Aug 2011
- Location
- USA
- Posts
- 63
I tried doing this with Chase and I am an excellent customer with an excellent credit score and I got rejected.
Originally Posted by ivorydove
Chase, in my experience in the last two years, HATES reallocating credit lines and HATES increasing CLs and HATES dropping APR.Personal Collection:
AMEX: Blue, 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
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Banned
- Join Date
- Sep 2011
- Location
- Philippines
- Posts
- 58
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.
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Centurion Member
- Join Date
- Jul 2011
- Location
- Newton, MA
- Posts
- 122
I tried last week Citi would not reallocate but did approve me for a Cl increase.
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