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Simplicity>Dividends?

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Valued Contributor

Simplicity>Dividends?

So, Citibank refuses to PC a Simplicity because it has no late fee ever or penalty APR. Citibank's 5% rotator, Dividends, is only available via PC. The CARD Act I'm sure plays a part because it imposes strict requirements for CCCs to raise rates. But I'm wondering what everyone's thoughts are on whether this policy will change, as many others do over time. I'd like to PC, if not, I may close it. Thoughts?









(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 1 of 4
3 REPLIES 3
Moderator

Re: Simplicity>Dividends?

Depending on how the product was automatically coded at origination determines whether it can be PC'd or not.

Aside from the CARD Act, and if the Simplicity account has aged beyond 12 months, all you can do is keep checking. There are internal refreshes that move certain products to different tranches that may permit the PC at some point.
However, there's no specific timeframe when those occur. But, PCs with Simplicity (although infrequent) do happen.

Message 2 of 4
Established Contributor

Re: Simplicity>Dividends?

Apparently there's an old (white) version of Simplicity that earns TY points that could be PCed but all searches here and elsewhere indicated that the current version of the Simplicity cannot be PCed and that's a Citi policy. If someone has a DP on a successful Simplicity PC I'd love to hear about it. 

Message 3 of 4
Valued Contributor

Re: Simplicity>Dividends?

@FinStar I’m very excited to hear they PC Simplicitys, though infrequently. I am patient.

Can you please guide me to any example of where there was a PC with a Simplicity?









(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 4 of 4
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