topic Re: Citi Prestige conversion with less than 5K CL in Credit Cards

Citi Prestige conversion with less than 5K CL

Anonymous — Tue, 05 Feb 2019 01:05:44 GMT

OK. So as a data point for all since i asked this question and the consensus seemed to be you needed at least a 5K limit to product change into this. You can convert to a citi prestige with only 2500 limit. It does not have to be at least 5K. Now, I didnt get a SUB of course but it was a point of whether i could get value now with the card vs waiting to be prequaled for the card later with a SUB. I have 3 trips planned this year where hotel avg night will be at least $300. that would be $900 expected value i would not have otherwise........well.....$450, yes $450 annual fee was quoted not the $495 annual fee....$450 minus $250 travel credit minus $900 equals $700 net gain. Ill count that as a SUB since I wouldnt have gotten it otherwise....... I know APR is crazy, but I always PIF.

Re: Citi Prestige conversion with less than 5K CL

CreditCuriosity — Tue, 05 Feb 2019 01:09:34 GMT

good DP for people

Re: Citi Prestige conversion with less than 5K CL

simplynoir — Tue, 05 Feb 2019 01:10:29 GMT

That'll be a nice datapoint going forward. Congrats on a successful PC!

Re: Citi Prestige conversion with less than 5K CL

wasCB14 — Tue, 05 Feb 2019 01:24:48 GMT

I'm curious as to the timing of the PC. My Citi PCs have both been from AF to no-AF cards and taken ~45 days

Will they let upgraded customers book 4NF right away? Or can you not book for ~45 days?

We may see a trend of customers...myself possibly included...doing guerilla PCs when a 4NF opportunity approaches.

Re: Citi Prestige conversion with less than 5K CL

Anonymous — Tue, 05 Feb 2019 01:41:52 GMT

Ok. So I called the CSR twice because the wait time question was a good one. Per both of them the new card benefits go live 11 days after my conversion. Too bad my new card will arrive 10-14 days. The card number was changed but all history retained. Just FYI while they were reading the new terms for the card rep said I would lose all cash back earned, without him proactively asking to cash out before closing. So luckily I caught it and had them direct deposit my $241 before closing..... sheesh.

Re: Citi Prestige conversion with less than 5K CL

DemonHusker — Tue, 05 Feb 2019 01:42:48 GMT

Congrats! May I ask how you went about the product change. Can you ask for it online, have to call and ask, or was it just an offer on the account.

Thanks

Re: Citi Prestige conversion with less than 5K CL

Anonymous — Tue, 05 Feb 2019 01:49:43 GMT

I had to proactively call in. Citi has been pretty stingy with offering anything to me after granting me the DC 14 months ago. Only got $500 CLI so far. But it was one of my very first major credit cards during my rebuild so thankful. Unfortunately Now it’s one of my lower limit cards........ do they bucket as well?

Re: Citi Prestige conversion with less than 5K CL

Priory_Man — Tue, 05 Feb 2019 02:31:01 GMT

Appreciate the DP's, I was one of the "you need 5k" guys, I must have misinterpreted the info I was reading and am happy for you that I was wrong.
A big congrats, and enjoy the card.

Re: Citi Prestige conversion with less than 5K CL

CreditCuriosity — Tue, 05 Feb 2019 03:09:28 GMT

should chat it up and ask for an APR decrease as well IMO that is an insane APR for a AF that high.. I betcha they would grant it. Even if you don't carry a balance citi is pretty good with lowering apr's. Just a principle thing for me personally.

Re: Citi Prestige conversion with less than 5K CL

Anonymous — Tue, 05 Feb 2019 03:18:25 GMT

Thanks for the suggestion I’ll call tomorrow and see if they can lower my apr. never thought about doing that actually. I still catch myself thinking that I’m lucky they even approved me, instead of now thinking they should treat me better for my business now that I think my scores and payment history should deserve better now......... even though I’m still in rebuild mode.

Re: Citi Prestige conversion with less than 5K CL

FinStar — Tue, 05 Feb 2019 03:33:12 GMT

@Anonymous wrote:
I had to proactively call in. Citi has been pretty stingy with offering anything to me after granting me the DC 14 months ago. Only got $500 CLI so far. But it was one of my very first major credit cards during my rebuild so thankful. Unfortunately Now it’s one of my lower limit cards........ do they bucket as well?

They don't necessarily bucket like Capital One, for instance. However, like most other lenders, there are product segmentation tranches that are 'pegged' to an overall profile/product - think product codes.

That being said, a $500 CLI is a step in the right direction - depending on where you are in your rebuild. Some individuals' cards grow faster than others, but at least yours won't be stuck forever (hopefully). If you try the SP CLI approach, and exercise a bit of patience, you'll definitely see it grow.