Transferring a Citi Credit Limit

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PhillyPhoto
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Transferring a Citi Credit Limit

Postby PhillyPhoto » Thu Feb 11, 2016 11:42 am

Looking around online it seemed like a lot of people hit a brick wall when trying to transfer there credit limits on open accounts at Citi. Most people were told "we don't do that" when they tried. I have a ThankYou & Diamond (both preferred) and don't use either that much and the Diamond is actually my newest one and just collecting dust. I'm thinking about closing it to up my AAoA, but didn't want to throw a $4400 limit away.

I called and the rep thought I was asking for a balance transfer, but I explained in more detail what I wanted to do and I got transferred to an "Account Manager". Someone who was successful a few years ago called them a "Credit Analyst" so maybe their title changed. Talking with the AM, it was explained that it would require a hard credit pull, and what was actually happening was a credit limit increase on the first card and a credit limit decrease on the second, so it's not a true "transfer" and you do have to accept the pull. Also, you need a minimum of $500 on the second card, so you can't get a full transfer.

Mine went in to review and was told I would receive a call back in 48 hours, but I logged in the next day and noticed everything went through. I now have $9700 on my TY and $500 on the Diamond.

I wanted to tell my story to let others know it can be done with Citi, you just have to be persistent and accept the credit pull.
Main Cards:
Amex: Surpass
Citi: ThankYou

Sock drawer Cards:
Amex: Ameriprise Gold, HHonors, MB Plat
Chase: Amazon.com Rewards, Freedom
Citi: Macy's Amex, Simplicity
Citizens Bank: Cash Back Plus World
Discover: it
Elan: Bank Rewards
Synchrony: PayPal Extras

718 Eq|734 TU (8/16)|733 Ex (9/16)


kdm31091
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Re: Transferring a Citi Credit Limit

Postby kdm31091 » Thu Feb 11, 2016 2:29 pm

Closing the Diamond won't help your AAOA, just FYI. The account will continue to age and report for 10 years from the date of closure. So closing it is completely irrelevant right now for AAOA. I'm all for closing useless cards, but just so you understand it's not going to help your AAOA.

It's pretty common to hear about Citi doing a HP to move limits. If it achieves your goal, then it's worth the HP; not much different from a HP CLI at the end of the day.

takeshi
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Re: Transferring a Citi Credit Limit

Postby takeshi » Fri Feb 12, 2016 10:45 am

PhillyPhoto wrote:I'm thinking about closing it to up my AAoA

+1 - Closing will not increase your AAoA.

Despite the obsession over them, HP's are a small factor. If 1 HP has a big impact then one has bigger issues elsewhere.

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9Cline
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Re: Transferring a Citi Credit Limit

Postby 9Cline » Sat Feb 13, 2016 2:07 pm

+1 on above info,,,
I went through that when I closed Simplicity trying to move CL over to DC,,didn't matter since I didn't use the Simp. anyway and wanted to get rid of it hence apping for DC in first place..
Glad you got the CLI on TY.. :lift:
LOWES, DISCOVER-iT, MACY'S-AMEX PREMIER ELITE, AMEX-EDP, AMEX-BCP, CITI-DC WEMC, JCP-PLAT MC, CITI BESTBUY, CHASE SAPPHIRE , CHASE FREEDOM VS, BELK ELITE, HOME DEPOT :beat:



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