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Citi PC resulting in new account number - How does this report to CRA?

Established Contributor

Citi PC resulting in new account number - How does this report to CRA?

My Diamond Preferred MC is being upgraded to a Thank You World MC in 45 days which per Citi will result in a new account number. Does this mean they will close the old tradeline on my CR and add an additional tradeline for this new account number with correct opening date (PenFed does this and it screws with AAOA as it looks like another tradeline)? I know companies like BOA just update the account number for the existing tradeline on the CR (therefore not impacting AAOA), but not exactly sure how Citi does this. Anyone with experience with this?

FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 1 of 9
8 REPLIES
Valued Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?

Hi UFGuy,

 

My Citi Driver's Edge MC has been PCd to Citi thankyou card by Citi this past March.    In my case, they did not change anything other than card type.  I have no idea why?  They should keep Date of open, CL, APR, and all terms & Condition on your current Diamond Preferred MC ... IMO

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It's very tough with small income ~ The Rewards are big little helper to me.
Message 2 of 9
Established Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?


bunnyrabbit wrote:

Hi UFGuy,

 

My Citi Driver's Edge MC has been PCd to Citi thankyou card by Citi this past March.    In my case, they did not change anything other than card type.  I have no idea why?  They should keep Date of open, CL, APR, and all terms & Condition on your current Diamond Preferred MC ... IMO


Yeah they did say all the terms would stay the same, however the number would have to change since it was converting to a World card.

FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 3 of 9
Valued Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?


UFGuy2006 wrote:

bunnyrabbit wrote:

Hi UFGuy,

 

My Citi Driver's Edge MC has been PCd to Citi thankyou card by Citi this past March.    In my case, they did not change anything other than card type.  I have no idea why?  They should keep Date of open, CL, APR, and all terms & Condition on your current Diamond Preferred MC ... IMO


Yeah they did say all the terms would stay the same, however the number would have to change since it was converting to a World card.


so, which is this one.


UFGuy2006 wrote:

My Diamond Preferred MC is being upgraded to a Thank You World MC in 45 days which per Citi will result in a new account number.


I guess it has to do with Preferred to World then ...   I'm pre sure some of our members are having the same or similar  PC.   Wait for other members reply.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It's very tough with small income ~ The Rewards are big little helper to me.
Message 4 of 9
SYB
New Visitor

Re: Citi PC resulting in new account number - How does this report to CRA?

what is PC? Been searching forums? thanks

Message 5 of 9
Mega Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?

For a sec there I thought bunnyrabbit was back, then I seen its a old thread Smiley Sad




EQ FICO 548 3/3/16
Message 6 of 9
Frequent Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?

PC = Product change Smiley Tongue

Message 7 of 9
Established Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?

I saw my name associated with this thread and was like... WTH! When did I post this... ahh now I see the date Smiley Happy

FICO: EX: 763 (12/16); TU: 786 (12/16); EQ 731 (12/16)
Amex Blue Cash Preferred | Amex SimplyCash Plus | Chase Amazon Prime VS | Chase Freedom VS | Discover IT | Penfed Power Cash Rewards VS | Sams Club MC | USAA Limitless Rewards PV
Message 8 of 9
Highlighted
Regular Contributor

Re: Citi PC resulting in new account number - How does this report to CRA?

I can confirm this...I just recently had my Citi Dividend Visa converted to a Citi Dividend World MasterCard.  The account number of course changed because it went from Visa to MasterCard.  The process did take 45 days to complete and Citi did update my credit reports with a whole new tradeline but reported the new tradeline as opened the same time as the Visa was opened.  The Visa account disappeared after about a few weeks...it did not show as closed, it just vanished completely off of my credit report.  But for a while there, it was showing both the Visa and the MasterCard as open with the same credit limit and open date.

 

CORRECTION:  Apparently the Visa is still reporting under Experian but the MasterCard is reporting under all three.  Oh well, I'll just wait for Citi to notice the mistake, at least it is working in my favor and helping my AAoA on my Experian file.

AMEX Green Corporate - NPSL | AMEX Everyday - $50,000
Chase Sapphire Reserve Visa Infinite - $31,500 | Chase Freedom Visa Signature - $27,300
Best Buy (Citi) Card - $20,000 | USAA Platinum Visa - $26,000
Message 9 of 9