Credit Limit Transfer Denied, But With Possible $100 Silver Lining

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So I asked if I could transfer my credit limit from my other Citi credit cards to my new Citibank Professional Card, as discussed previously. I got the same answer that other readers got – No, because it is considered a professional/business card. So I can’t increase my current $9,000 limit. But then I recalled that most business cards are not reported on your consumer credit report, but on a seperate business credit report. I asked a Citi Rep about this but she obviously didn’t know the difference. I’ll have to check my credit report after 30 days to see.

The reason why this is good is because if I it is not on my credit report, then I can take out the whole amount and it won’t affect my regular credit score! Which means I can apply for more cards with bonuses later 😉

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Comments

  1. I bet your credit report is thicker than the latest Harry Potter…

  2. i think that it will be on your credit report because you signed under your name and not through a business.

  3. Why couldn’t you do that anyway? You think the balance transfer will hurt your credit score so badly that they won’t approve you (or will do so with a very small limit?)?

    Also, why not just sign up for the Simplicity card now, *before* the BT? Then take both BTs at once once the offer is on the table.

  4. I didn’t want to apply for two Citi cards since I was going to be merging them all into on big credit limit anyways. If I apply for a 2nd consumer card, I bet the limit would be very small. But if this business card isn’t counted as such, then I could get another Citi consumer card, and still get a healthy credit limit.

    I’m definitely going to sign up for the Simplicity before the BT. I’m just debated whether to wait for 30 days or not to see if it shows up on my (thick ;P) credit report.

  5. It will not report on your personal credit report.

    Question : Have anyone try moving credit limit from CitiBusiness? Card with ThankYou NetworkSM to CitiBusiness? Professional Card ?

  6. How can you redeem cashback for Chase Reward Visa?

    For Citi Dividend it is easy and listed on the homepage, but I don’t see anyway to redeem the Chase cashback anywhere.

  7. I recently got this card and it appears in my credit report (at least on Experian)

  8. I recently got this card and it appears in my credit report (at least on Experian)

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