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This didn't work for me My card may totally be bucketed, if that really is a thing. I have a Williams Sonoma card with a limit of $27,000 (Comenity gave out limits like water on their store cards) and my grandfathered Savor Card is stilling at $11,300. I was hoping to really transfer the limit from the Williams Sonoma, which used once a year to keep the card open.
@sto0pyd wrote:This didn't work for me
My card may totally be bucketed, if that really is a thing. I have a Williams Sonoma card with a limit of $27,000 (Comenity gave out limits like water on their store cards) and my grandfathered Savor Card is stilling at $11,300. I was hoping to really transfer the limit from the Williams Sonoma, which used once a year to keep the card open.
It's doubtful that any of the co-branded cards will be eligible, unfortunately.
@UncleB wrote:I was poking around on Reddit and stumbled across this: https://www.reddit.com/r/CreditCards/comments/156cpft/capital_one_seems_to_be_offering_transfer_of/
Sure enough, when I checked my account I see the option as well:
Has anybody given this a try yet?
According to Reddit it's still glitchy for some, so I might wait a few days (assuming they don't withdraw the feature like before). I have a never-used Quicksilver Visa that would be a fantastic donor to my Savor WEMC that was lowered to $1500 a few years ago.
Wow, cool. thanks Uncle B
are they HP whatsoever?
they ask me to send bank statements in order for completing
the transfer
Glad thy have it back fro you all.. Hopefully they don't do the hatchet job like they did on many of us back in the day when it was allowed then if you didn't spend a good portion of a CL they would cut you down. Think I was 50k on a QS then chopped to 10k and just closed it after that. Many people got hit while others didn't. Just be mindful of that as Cap1 evaluate their CL's of said cards often. Weird thing is has a William Sonoma Visa through cap1 that has a 40k CL likely could get higher and only do a 100-300 charge every 6 months or whatever and remains untouched.
Bummer @Jccflat.
If you decide the effort is worth it and you want to proceed, I would call them to ask.
(While you are on the line with them, can you also ask
what determines their requirements are for having to leave $### or $#,### CL on the donor card?)
This CL reallocation option has been renewed from like 2017 and we forum members
have renewed geek-type 😊questions.
@NoMoreE46 wrote:So the minimum to leave on the donor/remaining card may depend on the tier of the card.
It showed that I had to leave at least $5,000 on my Quick Silver (formerly a Venture X and a Venture.)
Interesting. This all assumes you're just moving around limits between cards, though. This sounds like they might be open to combining limits in the process of closing an account, as I've been able to do with lenders like Chase or NFCU recently. I've been able to move 100% of my limits off a closed card under the right circumstances. You'd probably have to call customer service to do so, but it stands to reason they would do it. Would you be willing to make a phone call and inquire about options on that CL transfer, @NoMoreE46, so we'd have more data points about the possibilities?
I just completed mine. It was instant. The screen popped up asking me to verify income, employment status, and mortgage amount.
I've been grumpy for a while b/c I could never get a decent CLI on my Cap 1 cards (QS, Savor, Venture). I like taking just one card on vacation and using that so everything is not spread out, and the low limits I had $3K and $3.6 (QS - Savor) precluded me from using either of them. But I just moved $3K from the QS to the Savor.
Now, to go a step further, since Cap 1 likes heavy spend, it might be time for me to move some of my monthly spend back to the QS (since the limit has been reduced to $600) and see if a few months of heavy spend (2-3x the limit per month) can get me a CLI in 90 days....
what member can i call ?to find out if i do send the bank statement if they will do a HP?
This is interesting. I see the option in mine, but I'm unsure if I want to move anything around. I don't have high limits on my QS or S1 and my VX was a min approval. Maybe I'd consider taking $1000 or $1500 from the QS and putting it to the SavorOne since it gets more usage.
Do you happen to recall what the Minimum amount was required to be left on that QS donor card @md_rebuild ?