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Member
Posts: 38
Registered: ‎12-31-2012
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PC Question

Does your balance have to be $0 in order to PC to another card? Thanks!

Member
Posts: 38
Registered: ‎12-31-2012
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Re: PC Question

Bump, as I have another question to add on to the first one. :smileyvery-happy:

 

Is it possible to get the signup bonuses (e.g., cashback, introductory APR) that one would get from opening a new card, when PC-ing to it?

Regular Contributor
Posts: 120
Registered: ‎03-14-2013
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Re: PC Question

Which card? You don't have to have a $0 balance. Everything should remain the same: account #, CL, APR, etc. You usually won't qualify for any sign up bonus since PCing is not the same as applying for a new card.

Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
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Re: PC Question

I just PC my Citi AAdvantage Amex to the Hilton Reserve. I had a small balance at the time (about 400) and there was no problem. Had the new card in the mail within 10 days.

As for sign-up bonuses, it is very rare but in most cases no, one does not qualify with a PC.

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Valued Member
Posts: 49
Registered: ‎02-22-2013
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Re: PC Question

does the balance have to be $0 in order to PC?
In my experience, no. I recently PC'ed from a BofA Power Rewards to the Cash Rewards and I had a balance of about $150. Still waiting for my PC to go into effect, but I did see the change on my accounts online (haven't received the card yet)

As for sign up offers / rewards? No. In my scenario I was not able to get the sign up offers.

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Valued Contributor
Posts: 7,075
Registered: ‎10-21-2012
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Re: PC Question


bluedog1 wrote:

Which card? You don't have to have a $0 balance. Everything should remain the same: account #, CL, APR, etc. You usually won't qualify for any sign up bonus since PCing is not the same as applying for a new card.


+1

 

It depends on the lender.  For instance, with Citi or Chase, the account being PC'd from needs to be elegible and open for a minimum of 12 months to be considered.  For Chase, the balance on the current product needs to be $0.  Citi can PC with a current balance, however, the terms and conditions usually switch within 45 days (approximately).

 

APR can change (higher or lower depending on the product - if offered - and in most cases the account number may stay the same.  Except when the product being changed to is only available on a different payment network (i.e. Visa vs MC, etc.).

 

Typically, any sign up bonuses, APR BT offers or promotions will not migrate to the newly converted product.

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