topic Re: Citi Confirmed No Preset Spending Limit is Gone... in Credit Cards

Citi Confirmed No Preset Spending Limit is Gone...

Andy77 — Tue, 31 May 2016 17:05:49 GMT

So I have the Citi AA WEMC and I called to ask a question about the NPSL and the frontline rep put me on hold and came back and said that its not being offered to anyone anymore,

So ALL their cards now have hard limits

I called the # on the back of my card...1-888-766-2484

Can anyone else confirm this ?

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 31 May 2016 17:27:19 GMT

I have only gone near a limit once and that was RH for some chandeliers with their promo. Try to keep all cards below 20%. Never maxed out a prime card. Too chicken!

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 31 May 2016 19:24:12 GMT

@Andy77 wrote:

So I have the Citi AA WEMC and I called to ask a question about the NPSL and the frontline rep put me on hold and came back and said that its not being offered to anyone anymore,

So ALL their cards now have hard limits

I called the # on the back of my card...1-888-766-2484

Can anyone else confirm this ?

Is this specific to this card? Does this mean similar how the cards show up on reports as "Flexible Spending"?

Re: Citi Confirmed No Preset Spending Limit is Gone...

Berk — Tue, 31 May 2016 19:48:23 GMT

Last time I checked my credit report my WEMC from Citi was listed as Flexible Spending. Makes no difference to me one way or the other since I too will never come close to maxing that limit.

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 31 May 2016 19:53:59 GMT

I also have the AA WEMC and it reports as flexible spending on my CR as well

Re: Citi Confirmed No Preset Spending Limit is Gone...

Sharingan — Tue, 31 May 2016 20:16:29 GMT

@Andy77 wrote:

So I have the Citi AA WEMC and I called to ask a question about the NPSL and the frontline rep put me on hold and came back and said that its not being offered to anyone anymore,

So ALL their cards now have hard limits

I called the # on the back of my card...1-888-766-2484

Can anyone else confirm this ?

Apparently, it can't be "ALL" of their credit cards if mine still have the feature. The representative is either wrong or misconstrued as I still have flexible spending/no preset spending limits on my Citi cards as of today.

In my opinion, customers expect more from Citi (in the form of card features and service) than they probably would from the banks that have been removing flexible spending limits from their credit cards, namely Comenity; so I would have a hard time believing that Citi would continue that trend and remove the feature from all of their WMC/WEMC/VS credit cards. The Double Cash has been the only anomaly I have personally encountered with this, however, with the card having a WMC/WEMC designation but not having a flexible spending limit.

Re: Citi Confirmed No Preset Spending Limit is Gone...

RonM21 — Wed, 01 Jun 2016 10:00:34 GMT

The same thing with my Double Cash card also

Re: Citi Confirmed No Preset Spending Limit is Gone...

Berk — Wed, 01 Jun 2016 10:42:47 GMT

@RM21 wrote:
The same thing with my Double Cash card also

Do you still have flexible spending or has Citi removed that option on your card?

Re: Citi Confirmed No Preset Spending Limit is Gone...

Andy77 — Wed, 01 Jun 2016 14:26:48 GMT

I checked my CR from April 29 & May 29, flexible spending is not stated on either report

Re: Citi Confirmed No Preset Spending Limit is Gone...

Imperfectfuture — Wed, 01 Jun 2016 15:14:52 GMT

@Berk wrote:
Last time I checked my credit report my WEMC from Citi was listed as Flexible Spending. Makes no difference to me one way or the other since I too will never come close to maxing that limit.

Everything except DP and Cap One is flex spend limit on personal and business credit (oh, and lowly CU card, Amazon Prime). I will not go over as well, just kill me if I charge that much.

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Wed, 01 Jun 2016 16:46:36 GMT

In reviewing the Terms & Conditions of several Citi credit cards presently listed on the Citi Bank website "Revolving Credit Limits" still exist. Take a look at the detail of the cards on their website. In the near past many more cards had the eligibility for the NPSL/Flexible Spend/Revolving Limits but both Visa and Master Card eliminated any such requirement. First National Bank of Omaha wiped the NPSL from all their cards 080115 stating it was a risk factor they were not going to have any more. Days of old would have found the CIti Preferred Thank You Card with a NPSL and only the Thank You Card had the hard limit. Back when Citi was offering the Citi Forward Visa many cardholders were upgraded to Visa Signatures but did not get the NPSL (2012-2014). Citi lead the charge in eliminating some of the revolving limits but not all. As is the usual CSR information there is always room to wonder as it seems their training is not as complete or comprehensive as in the days of old. Such is life. In the recent past, Citi Cards with the Card Numbers beginning: Master Card 5466-16XX, Master Card 5585 and Visa 4147 had the NPSL all other cards had the fixed credit limit. So even though a person may be issued a Master Card World or World Elite or Visa Signature there is no guarantee of a NPSL/Flexible Spend/Revolving Credit Line. Chase, US Bank and Barclays still do it ... can't speak for the other issuers. Oh, the $5,000 minimum credit limit approval for a World, World Elite Master Card or Visa Signature is gone too ... card issuers establish their own parameters today. Again in sorting throught the Citi Cards, the minimum qualifications for a Revolving Credit Line is all over the board.

Re: Citi Confirmed No Preset Spending Limit is Gone...

cashnocredit — Mon, 04 Jul 2016 21:18:20 GMT

It looks like the major change is that most are dropping the requirement for fully paying balances in excess of the CL. I've checked BofA, WF, Citi, and Chase world and signature cards and none of them have that requirement.

My Chase siggy is listed on EQ and TU as a "flexible spend" However, there is no requirement of the minimum payment to pay balances in excess of the CL and there is nothing I can find in the card T&Cs about NPSL. And this is evident in actual billing. I recently ran an experiment where I put about 10k over my CL and let it report. That statement, with a 27k balance, only required a minimum payment of a few hundred dollars.

I checked Citi, where I have a WEMC, and there is also no discussion of NPSL or minimum payments that include balances over CL.

If the special, over CL payment terms, have been eliminated then there is no real difference with a regular credit card that doesn't charge a penalty for over CL balances. They either approve a charge or not.

As an aside, my FICO score dropped from 800 to 730 when the over CL reported. It fully recovered to the usual the next month.

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Mon, 04 Jul 2016 21:58:02 GMT

I was curious, so I just checked. My AA card is reporting as flexible spending. (DC is not, though)

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 05 Jul 2016 02:19:35 GMT

Cit likes to act like they're completely independent from the card networks.

A WORLD or WORLD ELITE MasterCard is completely useless if it's from Citi Bank. There's a pre-set spending limit, and I've heard many of the world elite benefits don't exist.

Additionally, Citi likes to rebrand everything into their own. Citi Masterpass, Citi Paypass (which doesn't exist in America anymore), Citi Rewind, etc.

At least they're not as bad as Chase, even though Chase's Visa Siggy cards have NPSL.

Re: Citi Confirmed No Preset Spending Limit is Gone...

galahad15 — Tue, 05 Jul 2016 14:05:57 GMT

My Cap1 BuyPower WEMC is also still reporting for me as NPSL, and possibly still my BoA TR VS (not 100% sure about the latter though). All of my other Citi, BoA, FNBO, etc. VS and WMC cards are no longer reporting NPSL.

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 05 Jul 2016 14:20:51 GMT

I called about my bb signature visa and citi told me they are eventually phasing out all over the limit spending on all their cards. Mine reports as no limit spending but I tried and the feature doesn't work. Yet another reason I'm not too fond of citi

Re: Citi Confirmed No Preset Spending Limit is Gone...

Anonymous — Tue, 05 Jul 2016 16:29:30 GMT

So I would guess that in general it was a rarely used feature, and that usage became somewhat correlated with risk (people going over the limit then defaulting for example) so it is a fairly painless way for a bank to reduce risk with few complaints. And people who regularly run up against the limit can be handled by the BAU CLI request processes.

The banks were more willing to do this (on non-sig/world cards) when they could charge profitable OTL fees. Now that they can't, easier to start removing it (except perhaps on the most expensive cards)

Re: Citi Confirmed No Preset Spending Limit is Gone...

Berk — Tue, 05 Jul 2016 16:39:52 GMT

Just checked my updated report today and Citi is still reporting my WEMC as flexible spend. Now, whether the feature is still available or not I couldn't tell you and I have no desire to try.