Moving Credit Limits

Please post your experiences with being allowed to move limits and/or consolidate cards.

FIA - Allows you to move limits between cards
Chase - Does not allow you to move limits between cards
Citi - Transfers when approved for new card
Amex - transfers when approved for new card

 

I've read that many folks who have applied for the Hyatt VISA have been able to move credit from their existing Chase cards over to the new Hyatt card.

 

Penfed will move limits to a new card if one is denied.

I was initially denied for AMEX & they would have move some of the limit of my Visa. I asked for recon based on incorrect income on application (I forgot to include rental income) and with satisfactory proof from me, I got the AMEX with a nice limit.

 

I signed up for the Chase Hyatt CC are few weeks ago. The representative offered to lower my Chase Amazon CC credit limit so she could offer me a much higher credit limit on the Hyatt branded card. Since I never use my Amazon card and planned to use the Hyatt card on a regular basis this worked very well for me.

 

Let me rephrase - the chase lending department will not let you arbitrarily ask to re-allocate your credit limit.

 

Citi allowed me to reallocate my existing credit lines so I could be approved for the AA Visa last year. I'm not sure if they'd allow moving credit lines if I hadn't applied for a new card.

 

I had the same experience - they offered move of credit lines, but I declined since what they could offer on the new card was enough for the bonus.

 

was able to transfer most of the limit from my jetblue amex to my new spg amex over the phone a few days ago. was asked for my annual income, but got approved over the phone and told my account would be updated in 15 minutes.

 

Barclays allows transferring CLs, even from personal to biz and vice versa.

 

Do we know if re-allocation requires hard pulls for any of these?

 

Not for Amex or Citi cards from my personal experience, but YMMV

 

I miss the old days of Amex allowing online re-allocation of credit limits... Chase and Citi have both re-allocated limits when applying for a new card within the last 6 months. Over the years, I have never had a hard credit pull for this from any of the companies I use (Amex, Citi, Chase)

 

Reallocation from almost all issuers is done using the last periodic update (usually 1x per cycle) rather than a hard pull. There is no basis for a hard pull since no new credit is applied for or extended. NO YMMV about it. If they extend an extra penny of new credit a hard pull will happen, but not for a simple reallocation.

 

both Chase and Penfed will allow you to move limits. Have done it with both.

 

Thanks. Makes perfect sense.

 

I used to have a Hilton Amex card-I just cancelled it because they would not transfer CL from starwood Amex.
I tried several different times to move some of my $30000 CL to my Hilton-which only had $2000. I really wanted to start racking up some more Hilton pnts-but it is hard to do that with only $2000 CL.
So I give up on Hilton-for now. Maybe they will have some fantastic offering soon to entice me back?

 

I reallocated my credit from one chase card to another last year and it wasn't an issue. No hard pulls, no problem moving my available credit to the other card.

 

When closing a card if I have to from the same issuer will they allow me to move all my CL from the closed card to the one I am keeping open in order to not have a loss on my credit utilization?

 

It depends on the issuer. Some will do that, some not. It is best to call them before you close and ask if you can move the limit to the remaining card.

 

This is a great idea. I have an old Chase Slate card that I got for the 0% interest years ago and I haven't used in forever. I just got the Chase CO card and I want to close the Slate. I should see if I can move the credit limit over. I don't think I will go that high on the Chase (they gave me an $18,000 limit) but that way my total credit with Chase would be the same. So in the future when I apply for the Southwest card (I'm hoping some better promos come out for it) I can maybe then move some of that credit over and I won't have so many card with them.

Thanks for this idea!!!!

 

Also, I know Bank of America does this. I had two BofA cards for my university and they merged them into one with a high limit. I don't even use that one anymore but I have to keep it since it's my oldest card from back in college. Which I probably should buy something on it soon so it doesn't get closed down from non-use.

 

Thanks, I figured I would have to call for it anyway.

No problem, glad I could help.

 

I don't know how this worked out for you, but I just moved a CL over from my old Slate card that I, like you, haven't used in years to a new Freedom card. Technically, I didn't qualify for any bonus promos since the card number remains the same and it's not considered a new acct., but the rep gave me 10k Ultimate Rewards points after $500 in spend as a good faith bonus. Chase is good in my book.

 

Same experience here - they've let me move without a new application and also allowed some movement with a new application.

 

setup a $1 recurring donation every 5 months to a charity. I use the Alameda County Community Food Bank for this with cards that I don't use much or when I'm short a debit trans or two at the end of checking account cycle.