01-12-2010 07:50 AM
01-12-2010 12:55 PM
01-13-2010 05:18 AM
Why don't you app for a BofA Amex if you really want one. They're not that hard to get.
I also don't understand the point of having a CC you're so afraid to use you won't take it out of the envelope. As far as Citi is concerned disuse is as good a reason as any for AA.
I have a sock-drawered BoA Platinum Plus NFL Mastercard with a low $2500 limit (no CLI since I got the card in 2008) but it has a 'good' 9.99% rate. Having said that, I tried for a CLI with them and they pretty much shot me down because I have "adequate credit not being used" between this card and another FIA card totaling 10K. They actually wanted to take some limit from the Sovereign Bank World Points Plat. Mastercard to put it on the BoA Mastercard. That seems to be their idea of a CLI...for me anyway. So CWCID, I'd be willing to bet that they'd take from one to grant me another, or worse, close one.
01-13-2010 04:19 PM - edited 01-13-2010 04:23 PM
Done and done. Made the call and it was no problem at all--CSR was great. PC'd to Diamond Preferred Rewards AMEX. Additionally, my rate went from 26.99 down to prime + 10.99. Not great, but better than 27%. The only thing that couldn't be done at that moment was a CLI. CSR told me to wait until the card came and to give a call back. We'll see about that when it happens.
Thanks for everyone's input!
Not necessarily. A new card is not the same as a CLI request. You won't know if you don't try. You could get the BofA Amex and consolidate you CL's on it.
With BoA, my EX reports aren't clean due to 2 BMG zombie collections. I'll know what my real EX FICO is next month (agency pull) and maybe I'll give it a shot. I'm estimating it's somewhere hovering around 730, but I'll know for sure soon. If they pulled TU or EQ I'd have no problem at all.
01-14-2010 11:42 AM
CITI ?? You know not to close an account, but Citi has become sneaky and disappointing. AmEx probably no better (as with most of the CC banks?).
I have 2 cards w/ Citibank, and both have had very low interest rates... UNTIL... :
Nov. 2009: rec'd. letters re- both Citi cards, notifying "new terms" (i.e. higher int. rates) and option to "opt out."
Citi's Nov. '09 letter states: "The variable APR for purchases [and existing balance] is being increased." [to = Prime + 15.74% !!] "If you opt out...you may use your card under the current terms until end of your current membership year or the expiration date on your card, whichever is later."
12/8/09 -I opted out on higher rate card, which I had not been using, just paying down.
As of Nov. 23, 2009 statement, my int. rate ["current terms" ?] remained @ 6%.
As of Dec. 23, 2009, statement reflected int. rate of 14.99%
I'm in the process of disputing interest rate [my previous rate = opt-out "current terms"].
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.