Navy will no longer Consolidate CL's

[Creditaddict]

and per my usual experience the reps are B's... I love navy to death but I absolutely HATE calling in and talking to them because they are all nasty and or stupid... I can count on 1 hand the amount of good reps that I have spoken to with Navy over all the years I have been a member.

Followed up by phone today to find out why I had not heard back regarding moving my Flagship limit to CashRewards and closing Flagship and was told they don't do that and the limits I was approved for are what I was approved for and they can't be combined but I may be able to get CLI's in the future on the individual accounts.

I said when did you stop doing that, because you use to?

she just said "We are no longer doing it. period"

Then my cashrewards just turned 1 year in Feb. and I have been waiting to find out about lower APR and I received a message back the other day stating that I requested a lower APR in July so I would have to wait until July this year.

So while on the phone with this rep today I stated how could I have requested a lower apr when I found out the account has to be 1 year before you can request.

she said actually the account doesn't have to be any age, you can request at ANY time but then from your request you have to wait 1 year.

I said Well I really don't believe I ever requested in July, I found out in July I needed to wait 1 year and that my year was in Feb.

She said "Our records track all account actions and we can't work around that since you requested"

I said account actions show what a NAVY FED REP DID, not what I requested... I was told in July to wait until my account was 1 year old... not that I wanted a lower APR then and she submited it and it was denied and now I have to wait until July 2015!

I got a kind of "sigh, well can't work around the request and your date is in July!"

[Anonymous]

Blah about not combining limits any more.  Was hoping that wasn't the case.  

[Anonymous]

Creditaddict & Irish80 - you both have sucked up all the money Navy has for credit limits already What's this mindset you need to take some from someone else?

[Anonymous]

Darn. Can you still move CL from one to another and keep the other open with "low" limit?

[Creditaddict]

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@Anonymous wrote:

Darn. Can you still move CL from one to another and keep the other open with "low" limit?

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not according to what came down from management on my request and this girl... NO MOVING PERIOD ANYMORE!

[Anonymous]

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@Creditaddict wrote:

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@Anonymous wrote:

Darn. Can you still move CL from one to another and keep the other open with "low" limit?

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not according to what came down from management on my request and this girl... NO MOVING PERIOD ANYMORE!

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Dern it, there goes my CLI strategy.

[kdm31091]

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@Anonymous wrote:

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@Creditaddict wrote:

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@Anonymous wrote:

Darn. Can you still move CL from one to another and keep the other open with "low" limit?

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not according to what came down from management on my request and this girl... NO MOVING PERIOD ANYMORE!

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Dern it, there goes my CLI strategy.

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For whatever reason, it seems like most issuers don't like doing this. Other than Chase who does it easily and smoothly with no HP, most of the others either require a HP for it to be done (Citi, BOA) or simply don't do it period (Capital One and now Navy I guess). Even recently, I think someone mentioned Discover does not do this either (it came up in the Miles discussion). Amex may be like Chase as far as doing it easily, but I cannot confirm.

My thought it they likely across the board don't like people doing it, possibly because of APR changes (that's what I am thinking). For example, say I have an Amazon (at 22%) and CSP. CSP is what, 15% APR? I could move the majority of my Amazon limit to CSP, and thus increase my spending power on a much lower APR card. Thus, I have cut into the profits for Chase somewhat (if I was gonna carry a balance). This conceivably is a way to end up with a much lower APR card (with a high limit) without actually getting your APR reduced, as if you can just manage to get approved for the lower APR card at whatever limit, you can "increase" it by moving limit from the higher to the lower APR. Anyway, I know a lot of people here don't care about APR anyway, but it could be a reason that issuers typically do not make this a simple request.

So while Chase does it no problem, I kinda feel like since they are kind of alone in that, the days may be numbered. They seem to be the only one that does it with no hassle, no EO, no HP, no special steps to go through (although, as I'm typing this, perhaps Barclay is similar but I think they want a HP for it too).

[Anonymous]

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@kdm31091 wrote:

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@Anonymous wrote:

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@Creditaddict wrote:

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@Anonymous wrote:

Darn. Can you still move CL from one to another and keep the other open with "low" limit?

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not according to what came down from management on my request and this girl... NO MOVING PERIOD ANYMORE!

---

Dern it, there goes my CLI strategy.

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For whatever reason, it seems like most issuers don't like doing this. Other than Chase who does it easily and smoothly with no HP, most of the others either require a HP for it to be done (Citi, BOA) or simply don't do it period (Capital One and now Navy I guess). Even recently, I think someone mentioned Discover does not do this either (it came up in the Miles discussion). Amex may be like Chase as far as doing it easily, but I cannot confirm.

My thought it they likely across the board don't like people doing it, possibly because of APR changes (that's what I am thinking). For example, say I have an Amazon (at 22%) and CSP. CSP is what, 15% APR? I could move the majority of my Amazon limit to CSP, and thus increase my spending power on a much lower APR card. Thus, I have cut into the profits for Chase somewhat (if I was gonna carry a balance). This conceivably is a way to weasel yourself into a much lower APR card without actually getting your APR reduced, as if you can just manage to get approved for the lower APR card at whatever limit, you can "increase" it by moving limit from the higher to the lower APR. Anyway, I know a lot of people here don't care about APR anyway, but it could be a reason that issuers typically do not make this a simple request.

So while Chase does it no problem, I kinda feel like since they are kind of alone in that, the days may be numbered. They seem to be the only one that does it with no hassle, no EO, no HP, no special steps to go through (although, as I'm typing this, perhaps Barclay is similar but I think they want a HP for it too).

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It's not really weaseling if you got approved..

And barclay's will do it with no HP.

[kdm31091]

Perhaps weasel is the wrong word (edited my post accordingly), but you could end up with a much higher limit on a lower APR card, which I could see them not liking too much because it is a significant difference in what they originally offered you without going through the process of being "approved" for it.

*shrug It doesn't really matter though, the ones who don't do it I'm sure have their reasons, however annoying we may find it.

[Anonymous]

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@kdm31091 wrote:

Perhaps weasel is the wrong word (edited my post accordingly), but you could end up with a much higher limit on a lower APR card, which I could see them not liking too much because it is a significant difference in what they originally offered you without going through the process of being "approved" for it.

*shrug It doesn't really matter though, the ones who don't do it I'm sure have their reasons, however annoying we may find it.

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I'm glad they do it. I cancelled my SW card today and moved the limit over to my RC.....Wanna know something funny about it? The operator offered to move the CL for me before I even made the suggestion.

They were both the same APR, however. Lol.