topic Re: Citi CL Consolidation in Credit Cards

Citi CL Consolidation

UFGuy2006 — Wed, 16 Sep 2015 00:45:44 GMT

These last few days I've decided to shred several credit cards for the sake if simplifying management of them. I found out today that upon calling to cancel two different citi cards I had the ability to move the line over WITHOUT a hard pull. It was interesting because the option was not necessarily offered... I asked about potentially keeping part of my credit line and thats when I discovered it was an option. As part of the disclosure they account supervisor explicitly stated there would be no hard pull to process the request. Just wanted to let yall know!

Re: Citi CL Consolidation

FinStar — Wed, 16 Sep 2015 00:50:37 GMT

While your experience provides some good data points, this is not always the case. The HP varies on a case by case basis to include account history (much like whe an individual is eligible for SP CLI vs HP), it also depends on the product and overall relationship. Citi hasn't changed their reallocation policies but folks also need to be aware that your situation is not set in stone for all cardholders.

Re: Citi CL Consolidation

kdm31091 — Wed, 16 Sep 2015 01:07:17 GMT

Agree with finstar. Citi just tends to be 'case by case" with regard to HP/SP on CLIs or reallocations. They don't seem to have much of a set in stone policy on it.

I will say that more people report HPs than not on reallocations, whereas CLIs seem to be SP more often.

Glad you accomplished what you wanted without a HP, though

Re: Citi CL Consolidation

UFGuy2006 — Wed, 16 Sep 2015 02:03:11 GMT

@FinStar wrote:
While your experience provides some good data points, this is not always the case. The HP varies on a case by case basis to include account history (much like whe an individual is eligible for SP CLI vs HP), it also depends on the product and overall relationship. Citi hasn't changed their reallocation policies but folks also need to be aware that your situation is not set in stone for all cardholders.

Fair enough. For those considering it doesn't hurt to ask :-)

Re: Citi CL Consolidation

UFGuy2006 — Wed, 16 Sep 2015 02:04:20 GMT

@kdm31091 wrote:
Agree with finstar. Citi just tends to be 'case by case" with regard to HP/SP on CLIs or reallocations. They don't seem to have much of a set in stone policy on it.

I will say that more people report HPs than not on reallocations, whereas CLIs seem to be SP more often.

Glad you accomplished what you wanted without a HP, though

Thanks! Another interesting tidbit is that I was told card conversions are on hold until some time in November due to account terms changes being sent out. Could be another reason for the flexibility in my calls today.

Re: Citi CL Consolidation

FinStar — Wed, 16 Sep 2015 02:06:04 GMT

@UFGuy2006 wrote:
@kdm31091 wrote:
Agree with finstar. Citi just tends to be 'case by case" with regard to HP/SP on CLIs or reallocations. They don't seem to have much of a set in stone policy on it.

I will say that more people report HPs than not on reallocations, whereas CLIs seem to be SP more often.

Glad you accomplished what you wanted without a HP, though
Thanks! Another interesting tidbit is that I was told card conversions are on hold until some time in November due to account terms changes being sent out. Could be another reason for the flexibility in my calls today.

You bring up a very good point. Is this for all cards or just certain ones?

Re: Citi CL Consolidation

UFGuy2006 — Wed, 16 Sep 2015 02:28:56 GMT

@FinStar wrote:
@UFGuy2006 wrote:
@kdm31091 wrote:
Agree with finstar. Citi just tends to be 'case by case" with regard to HP/SP on CLIs or reallocations. They don't seem to have much of a set in stone policy on it.

I will say that more people report HPs than not on reallocations, whereas CLIs seem to be SP more often.

Glad you accomplished what you wanted without a HP, though
Thanks! Another interesting tidbit is that I was told card conversions are on hold until some time in November due to account terms changes being sent out. Could be another reason for the flexibility in my calls today.
You bring up a very good point. Is this for all cards or just certain ones?

Two different account supervisors mentioned it was across the board for all product types... some standard fee or another was being updated for all accounts which required new terms to be sent out.

Re: Citi CL Consolidation

FinStar — Wed, 16 Sep 2015 02:32:00 GMT

@UFGuy2006 wrote:
@FinStar wrote:
@UFGuy2006 wrote:
@kdm31091 wrote:
Agree with finstar. Citi just tends to be 'case by case" with regard to HP/SP on CLIs or reallocations. They don't seem to have much of a set in stone policy on it.

I will say that more people report HPs than not on reallocations, whereas CLIs seem to be SP more often.

Glad you accomplished what you wanted without a HP, though
Thanks! Another interesting tidbit is that I was told card conversions are on hold until some time in November due to account terms changes being sent out. Could be another reason for the flexibility in my calls today.
You bring up a very good point. Is this for all cards or just certain ones?
Two different account supervisors mentioned it was across the board for all product types... some standard fee or another was being updated for all accounts which required new terms to be sent out.

Oh I see. Good to know! During mid-April there were some system upgrades that also put a freeze on PCs but for a shorter timeframe.

Re: Citi CL Consolidation

Anonymous — Sun, 20 Sep 2015 01:15:04 GMT

I would point out that OP did close some of his citi cards, which was the reason, if not the entire reason, why citi allowed transferring the CL.
If OP simply requested CL consolidation without closing any card, I doubt citi would do it so painlessly without a HP.

Re: Citi CL Consolidation

UFGuy2006 — Sun, 20 Sep 2015 16:44:42 GMT

@Anonymous wrote:
I would point out that OP did close some of his citi cards, which was the reason, if not the entire reason, why citi allowed transferring the CL.
If OP simply requested CL consolidation without closing any card, I doubt citi would do it so painlessly without a HP.

Interesting obersvation... that could have been the reason why it was pretty easy to do.

Re: Citi CL Consolidation

kdm31091 — Sun, 20 Sep 2015 18:18:12 GMT

I agree the fact that OP was closing cards probably made things easier. Merely moving limits around with Citi without closing a card is usually reported as being a HP.

Re: Citi CL Consolidation

9CLINE — Sun, 20 Sep 2015 18:48:35 GMT

Good info and points made,, thanks alot for sharing....

Re: Citi CL Consolidation

9CLINE — Sun, 20 Sep 2015 19:41:20 GMT

Also I had tried this to close Simplicity and move limit over...they wanted HP to do a CLI,then close Simpl. I wasn't willing to take a 3rd HP in a mth to do that... so I just went ahead and closed Citi as it wasn't any use to me anyway....

* Edit

closed Simplicity