I have multiple cards from some of the major issuers and was thinking I'd try to transfer the limit to one card and close the other. What companies do this, and how long should the cards be open before doing so?
| Amex BCP | BoA Cash Rewards | Cap1 QS | Cap1 SavorOne | Chase Freedom | Chase Sapphire Preferred | Citi DC | Citi Simplicity | Discover It Cash Back | JCrew | USB Cash+ | Target (AU) |
Chase, Amex & Barclay do this easily. Citi and us bank is a ymmv situation .
Chase Sapphire Preferred 20k | Amex Delta Platinum 20k | Amex Hilton Aspire 20k | US Bank Cash+ 25k | Chase Amazon Prime 25k | Barclaycard Aviator Red 40k | Bank of America Alaska Airlines 42k | Chase Marriott 50k | Discover It 50.3k | Amex EDP 52k | Citi Thank You Premier 56K | Bank of America BBR 57.9k
In addition to the posts above, Cap 1 used to combine limits. However, it seems that option is not available right now. People have been told by CSRs that the feature will return. But unless things have chnaged recently, there is no definitive date as to if and when it will happen.
I’ve moved limits with Chase (no HP), Amex, and Bank of America without issue. Have never tried with Citi as they’re usually very generous with me anyway. I’ve read on this here forum of Discover allowing such but I think there are some requirements that have to be met. As far as credit unions I’ve been able to move limits around with PenFed and while I’ve never moved any Navy limits around I’ve recently read around these here parts that you can combine with them as well.
Doesn’t Disco require the receiving card to be eligible for a CLI or is that just for a partial reallocation?
NFCU will let you reallocate limits but they don’t like people closing a card and combining the full limit with another one — your success in getting that done is YMMV.
I told you I did it with Citibank successfully through the executive office but it requires a hard pull @ Equifax. And it requires the account be more than a year old that you’re pulling the limit from, that you’re reallocating from.
