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Costco Card Question

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Frequent Contributor

Costco Card Question

So I did not renew my costco membership.  Currently my card is still open but I'm sure it will get closed soon.  My question is, can I call Citi to move the credit line over to my Double Cash card?  I do not recall if Citi will do that. 

 

Thanks!

5/17/19 TU 771 EX 786 EQ 767 ---- Discover $35,000/BOA $25,000/Macy's $25,000/Sam's Club MC $20,000/AmEx Delta Plat $18,500/Lowe's $15,000/Wells Fargo PLOC $15,000/BOA Cash Rewards $13,800/Apple Rewards $12,100/GM BuyPower $12,000/AmEx Hilton Honors $10,000/Dick's MasterCard $10,000/Citi Simplicity $8200/Citi Double Cash $7900/Wells Fargo Visa $7000/State Farm $4000
Message 1 of 6
5 REPLIES 5
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Senior Contributor

Re: Costco Card Question

Normally Citi won't allow you to move a CL. The common exception is opening a new card. If they cannot extend you any additional credit they may let you move some of your existing limits.


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Message 2 of 6
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Senior Contributor

Re: Costco Card Question


@ZoomZoom557 wrote:
Normally Citi won't allow you to move a CL. The common exception is opening a new card. If they cannot extend you any additional credit they may let you move some of your existing limits.

Does Citi offer PC from the Costco Visa to something else? That is always an option if they allow it so he doesn't lose the limit.








Message 3 of 6
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Frequent Contributor

Re: Costco Card Question


@macinjosh wrote:

@ZoomZoom557 wrote:
Normally Citi won't allow you to move a CL. The common exception is opening a new card. If they cannot extend you any additional credit they may let you move some of your existing limits.

Does Citi offer PC from the Costco Visa to something else? That is always an option if they allow it so he doesn't lose the limit.


I believe Citi is one of the only lenders that doesn't have restrictions when it comes to PCing, i.e. any card can be PC'd to any other card. OP, this might be a good idea to keep that credit.

Message 4 of 6
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Moderator

Re: Costco Card Question


@mkhan1093 wrote:

@macinjosh wrote:

@ZoomZoom557 wrote:
Normally Citi won't allow you to move a CL. The common exception is opening a new card. If they cannot extend you any additional credit they may let you move some of your existing limits.

Does Citi offer PC from the Costco Visa to something else? That is always an option if they allow it so he doesn't lose the limit.


I believe Citi is one of the only lenders that doesn't have restrictions when it comes to PCing, i.e. any card can be PC'd to any other card. OP, this might be a good idea to keep that credit.


While Citi is generally willing to do PCs to and from co-branded cards, the Costco Visa has been an exception in the past (you could PC to it, but not from it).

 

That said things do change, and it will only take a quick phone call to see if it's an option. 

Message 5 of 6
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Valued Contributor

Re: Costco Card Question


@macinjosh wrote:

@ZoomZoom557 wrote:
Normally Citi won't allow you to move a CL. The common exception is opening a new card. If they cannot extend you any additional credit they may let you move some of your existing limits.

Does Citi offer PC from the Costco Visa to something else? That is always an option if they allow it so he doesn't lose the limit.


YMMV, but, when I was thinking of trying to downsize cards a few months ago, the representative I chatted with online told me that I could PC my Costco Visa to any of their other cards (including Double Cash, interestingly - since I already have one). 

Message 6 of 6
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