Best Consolidation Strategy

Anonymous · ‎03-06-2016

So I'm trying to slim my wallet down and vote off some of my SD cards off the island per say,

I successfully transferred my full CL from my old Sapphire to my AARP Visa Sig. and closed it.

I plan to do the same with my Chase Amazon, I just have to wait 30 days with it being inactive.

Now I have two other cards that I need to close, BOA Travel Rewards & Citi TYP:

I recently opened a BOA BBR and wanted to know if BOA will permit a Consolidation of credit from my Travel Rewards to my BBR without a HP.

Same w/ my Citi TYP, I wanted to know if Citi will permit the same from TYP to DC?

Any tips are appreciated!

OmarGB9 · ‎03-06-2016

Dunno about BoA, but I believe Citi will allow credit line reallocation with an HP.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

kdm31091 · ‎03-06-2016

Citi is usually a HP for reallocation (basically, you're doing a HP CLI on the card you want to keep).

BOA is usually a HP as well.

I'd limit the amount of HPs I took for reallocations unless you really want to preserve limits. Not that it's a bad thing; I just wouldn't want to take excessive HPs for it, especially if the resulting limits will not be used much (how much are you really going to spend on the BBR)?

FinStar · ‎03-06-2016

OP, as mentioned by Omar and KDM, the majority of CL reallocations (i.e. consolidations) will be HP for both BOA and Citi. In rare instances would they do them via SP. I've done this in the past and it's been (YEMV) with both outcomes. Wondering on the high CL on BBR given you only net the same reward redemption every quarter (even with a BOA relationship bonus)

Anonymous · ‎03-06-2016

i was told by the CA i talked to 3 days ago that reallocation is SP only. but like what others have mentioned here, it's YMMV. if you really want to reallocate, make sure the CA confirms that it's SP as you don't want to incur an HP just for a reallocation. sometimes you get competent BoA CA every now and then. they mean and do what they say!

Anonymous · ‎03-07-2016

I did a reallocation of CL with BoA within the last 6 months and it was a SP. Best of luck!

Anonymous · ‎03-07-2016

@beautifulblaquepearl wrote:
I did a reallocation of CL with BoA within the last 6 months and it was a SP. Best of luck!

Thanks, do you know what numer you called? Also I see you have all 3 of their cards, which is your favorite & why?

Anonymous · ‎03-14-2016

@Anonymous wrote:
@beautifulblaquepearl wrote:
I did a reallocation of CL with BoA within the last 6 months and it was a SP. Best of luck!
Thanks, do you know what numer you called? Also I see you have all 3 of their cards, which is your favorite & why?

I apologize for the late response. I think I called the regular CS line and was transferred to an analyst. Sorry, I can't remember. I don't have 3 different BoA credit cards. I like my CR and BBR equally. In general, I like BoA.