If you have two credit cards with the same creditor, which ones let you re-allocate the limits? For example, when I had two Discover cards, and one of them had a $25,000 limit and the other only had a $3,000 limit, they let me switch it so that I could take $5000 from the larger card and give that limit to the smaller card so that it now had an $8000 limit. However, I had to have an available CLI on the smaller card before they'd do it and then I had to call and get re-directed to a couple of different people before I got to someone who knew how to do it.
With American Express, I was able to do it right from their website. I had a large limit on my Blue Cash and I moved most of it over to my Everyday card to reduce my utilization % on that card.
Those are my only two experiences with doing it, but I have a lot of different cards that may also do that and I just don't realize it. Citi, Wells Fargo, Bank of America, Chase, US Bank, FNBO, Redstone FCU, Elan, Goldman Sachs (until Apple card switches!).
I'm going to be applying for a balance transfer card in April because a couple of my 0% offers expire in May, and sometimes I get great starting limits and sometimes not. I wondered if it might be smart to get an AMEX balance transfer card since I could (or used to be able to?) easily transfer some limit from the card that I already have with them if they give me a low starting limit. Then I wondered if other companies may do that too.
Chase will reallocate without issue. NFCU will as well.
@dlister70 wrote:If you have two credit cards with the same creditor, which ones let you re-allocate the limits? For example, when I had two Discover cards, and one of them had a $25,000 limit and the other only had a $3,000 limit, they let me switch it so that I could take $5000 from the larger card and give that limit to the smaller card so that it now had an $8000 limit. However, I had to have an available CLI on the smaller card before they'd do it and then I had to call and get re-directed to a couple of different people before I got to someone who knew how to do it.
With American Express, I was able to do it right from their website. I had a large limit on my Blue Cash and I moved most of it over to my Everyday card to reduce my utilization % on that card.
Those are my only two experiences with doing it, but I have a lot of different cards that may also do that and I just don't realize it. Citi, Wells Fargo, Bank of America, Chase, US Bank, FNBO, Redstone FCU, Elan, Goldman Sachs (until Apple card switches!).
I'm going to be applying for a balance transfer card in April because a couple of my 0% offers expire in May, and sometimes I get great starting limits and sometimes not. I wondered if it might be smart to get an AMEX balance transfer card since I could (or used to be able to?) easily transfer some limit from the card that I already have with them if they give me a low starting limit. Then I wondered if other companies may do that too.
Chase does.
Chase is probably the safest BT option because if you're approved, you can move most of your limits over from your other cards to accommodate the BT afaik so it doesn't matter if you get approved for $500 or something silly.
@keekers wrote:
Chase will reallocate without issue. NFCU will as well.
NFCU will when accompanied by a BT, has to be approved manually by a person
A few DPs from experience. Bank of America will if you call; you may need to speak to a senior analyst. Citi won't. US Bank won't. Amex is once per 31 days, in any direction but business to personal. Chase you can change at any time you want by SM or call.
@K-in-Boston wrote:A few DPs from experience. Bank of America will if you call; you may need to speak to a senior analyst. Citi won't. US Bank won't. Amex is once per 31 days, in any direction but business to personal. Chase you can change at any time you want by SM or call.
Good list so far and by exception, the below allow the transfer with SP or no pull.
- Chase - yes, and easy if you call or secure message. Chase never allows transfer between business and personal but allows transfer between similar account types, business or personal.
- Bank of America - yes, and easy if you call or secure message. Unsure about restrictions on business to/from personal.
- AMEX - yes, and easy via website but limitations on frequency as mentioned. Also, AMEX does only allow between business cards or between personal cards, or ONE-way between personal-to-business but never the opposite.
- Discover - yes, but with the stipulations mentioned above about the recipient account needing to be eligible for CLI and you must call.
- Capital One - yes, after several years not allowing has reopened that process via website and is easy and automatic.
- CITI - @K-in-Boston, I thought CITI would allow but only between CORE personal cards and you had to be willing to take a HP? I know they don't allow between the Costco card but I thought they would allow between, say a Double Cash, Premier, Rewards+, or Simplicity?
- US Bank - No.
- Wells Fargo - (from my understanding) - yes and with a call to customer service.
- Navy FCU - yes, but only if customer claims the need to move for a balance transfer. Available by phone call or secure message. And current limits of $50K per card other than Flagship Rewards or $80K on Flagship Rewards must be honored.
- PenFed - (from my understanding) - yes, with a phone call or secure message to customer service, but I believe they won't allow combining limits in excess of their current limits of $25K per card.
- USAA - No.
@dlister70 wrote:If you have two credit cards with the same creditor, which ones let you re-allocate the limits? For example, when I had two Discover cards, and one of them had a $25,000 limit and the other only had a $3,000 limit, they let me switch it so that I could take $5000 from the larger card and give that limit to the smaller card so that it now had an $8000 limit. However, I had to have an available CLI on the smaller card before they'd do it and then I had to call and get re-directed to a couple of different people before I got to someone who knew how to do it.
With American Express, I was able to do it right from their website. I had a large limit on my Blue Cash and I moved most of it over to my Everyday card to reduce my utilization % on that card.
Those are my only two experiences with doing it, but I have a lot of different cards that may also do that and I just don't realize it. Citi, Wells Fargo, Bank of America, Chase, US Bank, FNBO, Redstone FCU, Elan, Goldman Sachs (until Apple card switches!).
I'm going to be applying for a balance transfer card in April because a couple of my 0% offers expire in May, and sometimes I get great starting limits and sometimes not. I wondered if it might be smart to get an AMEX balance transfer card since I could (or used to be able to?) easily transfer some limit from the card that I already have with them if they give me a low starting limit. Then I wondered if other companies may do that too.
Chase lets you do it easily. Citi is very sticky about it.
@Aim_High wrote:CITI - @K-in-Boston, I thought CITI would allow but only between CORE personal cards and you had to be willing to take a HP? I know they don't allow between the Costco card but I thought they would allow between, say a Double Cash, Premier, Rewards+, or Simplicity?
Mostly semantics, but you would need to be willing to take a HP (which may not be required), be eligible for a credit line increase, and be approved for a credit line increase - the latter not being guaranteed even if you take a CLD on the other card. Another way of stating it would be, "Citi doesn't allow credit line reallocations, but if total revolving credit exposure is a concern, taking a credit line decrease on another card first may improve your chances of receiving a credit line increase on another card to get back to where your total exposure was to begin with."
