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PC Question

Member

PC Question

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

5 REPLIES
Member

Re: PC Question

Bump, as I have another question to add on to the first one. Smiley Very 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

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

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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New Contributor

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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Senior Contributor

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.