Merging NFCU Cards??

[Anonymous]

Happy Veterans Day & thank you to all who served!!!

Question

I have the NFCU cash reward Visa signature card. On their fan page on FB I read where someone opened a new card, transfered the balance to their old card and then closed the new one before it reported to keep their credit from aging. I do not mind the inquiry if this is possible. 

Can anyone share any advice on this please?

[Mr_Mojo_Risin]

I know you can transfer part of your new credit line to another card. 

I wouldn't count on that new card not reporting. 

[1GaDawg85]

you can merge limits on cards but I doubt that it wouldn't report ever no matter how old or new it is. 

[K-in-Boston]

Thank you and you're welcome.  😃

A new account not reporting would be extremely unlikely.  I would not risk opening and immediately closing a new account with any financial institution I wanted to continue doing business with simply to obtain a credit line increase.  That said, NFCU does allow credit line reallocations and merging into existing lines when closing an account.

[AverageJoesCredit]

Remember merging cards can be a ymmv situation. They will say their policy is to not do so but they usually do but its a great fall back on should they choose not to. 

Ps i wouldnt take a FB post on Navy as gospel. Good way to really p off a great lender.

[SouthJamaica]

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@Anonymous wrote:

Happy Veterans Day & thank you to all who served!!!

Question

I have the NFCU cash reward Visa signature card. On their fan page on FB I read where someone opened a new card, transfered the balance to their old card and then closed the new one before it reported to keep their credit from aging. I do not mind the inquiry if this is possible. 

Can anyone share any advice on this please?

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I'm not sure I know what you're talking about.

If you're talking about opening a 2nd card, and then transferring some of the limit to the old card, that's fine.

Closing the new card would be pointless.

I have no idea what you mean about "keeping their credit from aging". Why would anyone want to keep their credit from aging, since credit scores improve with aging? In any event, certainly nothing whatsoever would be accomplished by closing the new card.

[Remedios]

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@SouthJamaica wrote:

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@Anonymous wrote:

Happy Veterans Day & thank you to all who served!!!

Question

I have the NFCU cash reward Visa signature card. On their fan page on FB I read where someone opened a new card, transfered the balance to their old card and then closed the new one before it reported to keep their credit from aging. I do not mind the inquiry if this is possible. 

Can anyone share any advice on this please?

---

I'm not sure I know what you're talking about.

If you're talking about opening a 2nd card, and then transferring some of the limit to the old card, that's fine.

Closing the new card would be pointless.

I have no idea what you mean about "keeping their credit from aging". Why would anyone want to keep their credit from aging, since credit scores improve with aging? In any event, certainly nothing whatsoever would be accomplished by closing the new card.

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?

Since they probably don't waste too much time on CC forum, what they meant is if card doesn't report, AAoA is not lowered and they keep the limit.

OP, by many accounts, NFCU is a good one, don't ruin what you got going on. 

[UpperNwGuy]

Seems like a game to me, and credit card issuers don't like games.  I wouldn't do it.

[Anonymous]

OP, if you wanted a higher limit on your credit card why wouldn't you just request a credit limit increase?   Quite a number of cards even do a soft pull for a CLI.   

If you search "CLI" in the forum search bar, you should get loads of info on how often, how much, etc. etc. on your card.  

Far, far easier, and this tip didn't even cost you a hard pull.  😉