12-29-2010 10:49 AM
I have 2 CapOne and 2 Citi cards and I tried to combine them, but the rep just told me that because of the new credit card laws that they can't do it anymore. Why not? Is it in the law that credit card companies can't allow combining credit cards together?
12-29-2010 10:52 AM
No, they just like to blame their decisions on the new law, like kids saying that their parents won't let them do something that they really don't want to do anyway.
Welcome to the forums!
12-29-2010 12:47 PM
The new law has requirements for notification of change of terms. This would make certain product changes and moving of balances a problem. I don't think increasing CL on one account and decreasing it on another (or closing ) would be a legal problem.
The new law is used as a convenient excuse. The question remains. Why don't most banks want to do it? Any opinions out there.
12-30-2010 12:10 PM
Just tried to combine two of my orachard cards today. It was a no go, so I cancelled one of them
12-30-2010 07:10 PM
12-30-2010 08:43 PM
If it is multiple cards with annual fees/ or better (for the company) terms on one over the other- they probably want to protect their revenue streams.
12-31-2010 03:52 AM
There is no benefit to the CCC in allowing you to combine CLs. IMHO asking for them to do it could set you up for AA.