Posted by William Charles on December 16, 2014
Credit Cards

Published on December 16th, 2014 | by William Charles

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Rules For Reallocating Your Credit Limit With Each Credit Card Issuer

In the past we’ve shown you how to request a credit limit increase with each card issuer and whether it’s a hard or soft credit inquiry. In this post we’re going to talk about reallocating your credit limits between credit cards you have with the same issuer. This can be useful when a card issuer has extended as much credit as they are willing to, but you’d like an increased limit on one of your cards (e.g you have one card with a $10,000 limit which you rarely use and another with a $1,000 limit you use daily. You could request that the one you don’t use has $9,000 of it’s limit reallocated to the card you use daily).

  • The information in this post is kept as up to date as possible, that being said you might not have the exact results listed. When you speak to a customer service representative you should ask them if reallocating your credit limit will result in a hard pull, after doing this ask for a reference number for the phone call. That way if they say that a hard pull will not be done, you can make a complaint to get the hard pull removed if one eventuates.
  • When you reallocate your credit limit, make sure you clearly state that you don’t want to close either of your accounts. There are lots of reports of people asking to reallocate credit limits between two cards and ending up with one of the accounts being closed.
  • Some credit cards have a minimum credit limit, for example Visa signature cards must have a credit limit of at least $5,000. This means if you have a Visa signature card with a $6,000 limit, you’d only be able to reallocate $1,000 of that limit to a different card.
  • As far as I am aware, it’s not possible to reallocate credit limits between personal and business credit cards with any credit card issuer nor is it possible to reallocate limits between credit and charge cards (most of which do not have a preset limit). Update you can reallocate between business & personal on Bank of America

Large Card Issuers

American Express

We’ve talked about reallocating your credit limit with American Express in the past. It’s possible and there is no hard pull, there are a number of rules you should be aware of though. I’d recommend reading our previous post on this topic as it’s pretty comprehensive.

Bank of America

Update: Bank of America seems to now be doing a soft pull for these reallocations when you call in.

Barclays

Everybody seems to have a different experience with Barclay and I think it really depends on which department you speak to. People have had more success by calling their credit analyst department (Monday to Friday, 8AM to 5PM EST). To get onto their credit analyst department, just call the regular number and ask to be transferred.

  • You can move limits around more easily when a card has just been opened (e.g within 30 days of approval)
  • Will often give you the option of reallocating your credit limits if they’ve extended you the maximum credit they are willing and you apply for another credit card (e.g, you apply for a credit card and they deny you because they don’t want to extend you anymore credit. You call the reconsideration line and they’ll approve you on the condition that you move some of your credit limits from your existing cards onto the new card)
  • Will often give you the option of reallocating your credit limit to other cards if you want to cancel one of your cards (e.g you want to cancel a card because the annual fee is due soon, you should be able to call and request that they move that credit limit onto other cards you have with Barclays. You’ll need to keep a minimum on the card being closed, varies depending on what card it is)
  • If they do allow you to do any reallocation, it should only be a soft pull but confirm before doing so.

Capital One

Capital One now allows you to do this online (similar to American Express), please read our full post on this process here.

Chase

With Chase it’s possible to reallocate your credit limit quite easily, you can either send a secured message or call them to request a reallocation.

  • Soft pull. If you’re moving credit onto a card that will cause that cards credit limit to exceed $35,000 it will result in a hard pull (although you should be warned about this first)
  • Cannot move credit limits between business and personal cards. Also cannot move credit limits between charge and credit cards.
  • Usually processed within 24 hours (most report it being done instantly), although the department that processes this is closed on the weekends

Citi

Citi front line customer service representatives are usually pretty clueless when it comes to credit reallocation, this is because in most cases they can’t actually process them. You might need to call more than once to speak with a representative that knows what they are talking about, alternatively you can state “I’d like to reallocate my credit limits, I’m aware you cannot do this. Can you please transfer me over to the credit analyst department? Thank you for your help”. This should speed up the process dramatically, but some representatives might still struggle, just hang up and call again.

  • Both cards have to be open a minimum of six months
  • Hard pull, although in some rare cases the front line CSR operators can process the reallocation and in this case a soft pull will be done.
  • You can only perform can only perform up to two credit limit increases and two credit limit decreases as part of the one hard pull (Thanks to reader Andre for pointing this out)

Discover

Most people will only have one credit card with Discover (e.g the Discover it or Discover secured credit card), so shouldn’t require any reallocation. That being said, it is possible for those with multiple cards to reallocate credit.

  • Can reallocate if you have two or more accounts, or one account and apply for another one.
  • If reallocating credit lines when opening a new account, a hard pull will be done for the next account but not the reallocation. If reallocating between existing credit limits, call them to discuss your options (varies on a case by case basis).
  • Both credit cards must have a credit limit of at least $500

U.S Bank

According to reader TomT they no longer allow reallocation anymore.

US Bank allows you to reallocate credit limits and it’s only a soft pull to do so, but you need to get manager approval first.

Wells Fargo

Thanks to O from the comments for this information.

Smaller Card Issuers

Elan Financial (Credit Unions)

Elan Financial issues credit cards for more than 1,600 financial institutions, most of which are credit unions. If your card is with Elan then reallocating your credit limit will result in a soft credit pull.

First National Bank of Omaha

Allows credit limit reallocation and doing so will result in only a soft pull. Remember this bank does a lot of co-branded and white label credit cards, so you might not always be aware that you have two cards issued by them.

HSBC

HSBC doesn’t allow you to move or reallocate credit limits between cards.

Navy Federal Credit Union

Allowed a reallocation with no hard or soft pull to get a card up to the $5,000 limit required for Flagship Rewards.

Synchrony

It’s not possible to reallocate your lines of credit with Synchrony. Thanks to reader Cait for this information.

USAA

Not possible to reallocate credit limits with USAA.

Final Thoughts

Reallocating your credit limits can be a useful tool, especially if you’re planning to close an account but want to keep your credit limits mostly intact. I’d also like to thank everybody on twitter who helped to provide data points for this post, if you’ve got any more data points to share then please do so in the comments below. Also, don’t forget to follow me on twitter so you can help on future posts!



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David
David

Can verify that reallocating my Chase card limits worked very easy a couple weeks ago via phone, and was instant (in less than 30 seconds could see the change in online accounts). Didn’t realize at the time that this was a “normal” request, and was expecting to have to jump through verbal hoops to do it, but the CSR made it seem like no big deal at all…nice.

JB
JB

Interesting! IME Chase doesn’t allow a card go lower than $500. But this might be only when the card is closed. YMMV obviously.

David
David

JB, you may be correct – my two cards originally had limits of 14.5k and 7k. I was able to transfer 13k from the first to the second card, since I want to use the second one almost exclusively more than the first now. Didn’t want to close the first card, though, and the CSR said I could move limits back and forth any time I wanted (did not mention $500 minimum to keep open however). As long as I wasn’t actually adding overall credit, then he confirmed that would be a hard pull in that case.

JAMES B.
JAMES B.

Very useful and interesting blog post!

I tried to move credit to some Chase CCs with +$25K credit lines and Chase would not let me move more credit to these +$25K credit lines without a hard pull and credit review, so I decided to move the credit to other Chase CCs with lower credit lines. YMMV..

TravelBloggerBuzz

Dude, you have been killing it lately! How do I know? It’s because you are going to make that weird TBB blog again! 🙂

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[…] Rules For Reallocating Your Credit Limit With Each Credit Card Issuer  –  Doctor of Credit    Really good info you should know before you attempt to do this. […]

It's me
It's me

You can reallocate US Bank credit lines. You just have to ask for a supervisor. I did it already.

O
O

I dealt with a Wells Fargo limit reallocation (moved from Wells Fargo Visa Rewards card to the Wells Fargo Propel World Amex). They allow it but they said that they do another hard inquiry for that. I decided to get that hit since it was after an AppoRama and used that hard inquiry for a credit line increase as well. I asked for $1000 to be left on the visa card and moved the remaining amount to the Propel World Amex (I am not sure about the lowest they would require to be left on the card).

I spoke with Discover about how many card they allow per person back in Feb 2014 and they said that you can have up to 3 Disc cards at one time.

O
O

Phone number to reach the Wells Fargo department that handles credit reallocation: 1-866-412-5997

Doo
Doo

The correct number for WFargo Credit department is 866-412-5957

J-Bert
J-Bert

during a phone call earlier this year, I was told 2 Discover cards is the max, unless a authorized user of another account.

Discover will Not reallocation between cards. I asked to increase my ChromeIT and take away from my RegualarIT (10/26/2015) and they explained in a call and again in a online chat that reallocation is Not possible at all. 🙁

Andre
Andre

Attempted to move credit lines with my accounts with Citi. As noted, the CSRs are not familiar with the process, so a request to talk to an Account Manager is required. Also as noted, a hard pull will be made as part of the process.

But as I found out, the account managers can only perform up to 2 credit limit decreases and 2 credit limit increases as part of the 1 hard pull.

I have 5 cards with Citi and I definitely would need to complete more than 4 actions to successfully move credit around, so for my case I may need more than 1 credit report to be pulled. I didn’t proceed after all as I rather not lose multiple points just by moving credit around.

Maybe I will integrate this request with a coming App-o-rama so that the inquiry hits overlap with other new card applications.

Ven
Ven

For Barclays, I call the 866-408-4064 always. it is their credit analyst department and I have moved my CL to other open accounts, closed accounts with no issues.

Chris
Chris

This worked very easily for me. No need to do anything extra, got connected to the right department right away and had a human on the phone within seconds. I asked to transfer credit limit from one card to another and she did it with no follow up questions. Thanks for the number and advice!

Matt K

I’ve done this twice now using this phone number. Once about 2 years ago and again just now. Very easy phone call and logged in a little later and it showed up. If leaving the old card open, you can reallocate all but $1k. If closing (can do on same call), then they can shift over the full limit.

Leon
Leon

This number works for me too. They are still open at 7pm EST on Friday. Phone agent is very competent, and completed the transfers in seconds. As other people said before, to keep accounts open, you need to have at least 1k credit limit.

Aahz
Aahz

Need to update since Capital One now allows has a consolidation tool right on their website.

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-Credit-Line-Consolidation-LINK-IS-BACK-UP/m-p/4113430

Jagir Jhaveri
Jagir Jhaveri

Bullet 3 towards the top about Visa Signature limit having to be a minimum of $5000. This is incorrect information as I have a British card and Southwest card, both with $1000 credit line to it.

TomJ
TomJ

With Citi, whats the point of transferring CL to another card ? I am afraid that when you do so, you max out your available credit limit from Citi and then when you apply for a new citi card, you have to call and transfer some balance from an existing card to get the new one approved. But, if you had just closed the previous citi card without transferring CL, you could have gotten an automatic approval as you haven’t maxed out your credit line. Correct me please, if I am wrong.

Anonymous
Anonymous

The main reason would be to take advantage of a balance transfer offer that one Citi card extends, but the other doesn’t. You then could transfer the credit from one card to the other and maximize the balance transfer benefit. Why Citi makes this so complex, boggles me. I suspect it’s to deter this kind of behavior – but if someone has a good payment history, that merely limits Citi’s profit potential.

Heidi
Heidi

Balance transfer offer? You mean those balance transfer checks with an ultra-low 0.0% APR for 6 months? If youre holding balances on your credit, then this game is not for you. Who in the world transfers balances?

Profit
Profit

I MS 10K+ each month when I should really be paying off my mortgage! Now if I could pool all my Citi cards together for 50K on my citi diamond preferred, I would be able to transfer all of it to pay my mortgage early for a measly fee of $1.5K (@just 3% fee). I can pay off my cc in 21 months with my job and using my amortization calculator, I would save around 14K in principal interest if I used the 50K credit line now to pay it! Wish I could do it!!!

Jordan
Jordan

Do you know if USAA allows for reallocating credit?

garkman
garkman

Just opened a couple CCs and called in a week later to reallocate credit between the two. Front line rep said that within 30 days of CC approval there’s no hard pull to do so. 4 days later and I still don’t see an additional pull in “ProtectMyID” credit monitoring, so appears to be correct. Also happened instantly with front line rep on a weekend, no escalation to a credit analyst req’d. And it was a fairly large 5 figure transfer, fyi.

garkman
garkman

Forgot to say it was Bank of America (BofA)…sorry copy/pasted my post from ft thread.

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[…] Citi Is Auto-Shifting Credit Lines on New Applications: What Is Happening & What You Need to Know by Miles to Memories. This is very annoying, especially when you consider that reallocating your credit limits with Citi typically involves a hard credit pull. […]

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