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Established Member
Posts: 42
Registered: ‎09-10-2010
0

Citi Simplicity balance xfer

hi guys,

 

just got apporved for citi simplicity.  i was wondering if i just open a card for the 0% balance xfer and close it in 2 years?

 

does it harm my fico?  if i reapply for another citi card after will they deny me?

 

FYI i got approved with CL 9k... i called them right after and asked them to increase 14k because i wanted to balance xfer.

 

 

i think they did a hard pull and i got the increase.

 

Valued Member
Posts: 313
Registered: ‎04-25-2013
0

Re: Citi Simplicity balance xfer


newtocredit wrote:

hi guys,

 

just got apporved for citi simplicity.  i was wondering if i just open a card for the 0% balance xfer and close it in 2 years?

 

does it harm my fico?  if i reapply for another citi card after will they deny me?

 

FYI i got approved with CL 9k... i called them right after and asked them to increase 14k because i wanted to balance xfer.

 

 

i think they did a hard pull and i got the increase.

 


Depending on the current terms, I would just leave it open and sock drawer it. 

In my Snoopy holder: NFCU Flagship Sig Visa-- $11K | Chase Freedom -- $2500 | AMEX BCE -- $2000 | Amazon Visa -- $2000 | Discover It $1500| Old Navy Visa -- $1000 | Target Red Card -- $300

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Established Contributor
Posts: 805
Registered: ‎02-01-2008
0

Re: Citi Simplicity balance xfer

I was reading up on options with Citi earlier because DH has a "Citi Cash Returns" card that doesn't seem to exist any longer and he's been advised by their CSRs to just app for a new card since this one is no longer carried and they'll never adjust his APR/CL.

 

From what I've read it can be a bit of a pain, but if you go through a supervisor they can transfer the CL of one card to another after it's over a year old or out of the promo period (whichever is longer).  So if you picked up the Simplicity purely for the BT offer and intend to get a Citi rewards card at some point - transfering over that Simplicity line might be something to consider, or even just trying to PC it to something else.

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Citi Simplicity balance xfer

Leave it open.  It will help with your UTL and chances are they will offer more transfer options down the road as well.

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Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Citi Simplicity balance xfer

Just leave it open. There's no annual fee anyways
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