Comments on: Twist & Turn with Citi Driver’s Edge Card

By: Well, Credit Card Companies are the Same

Well, Credit Card Companies are the Same — Mon, 19 May 2008 14:08:01 +0000

[...] this year, I transferred some of the credit line from one credit card to the then newly opened Citi Driver’s Edge card in order to use the [...]

By: Yes! Car Loan Paid off by Free Money from Credit Card!!

Yes! Car Loan Paid off by Free Money from Credit Card!! — Sun, 04 May 2008 02:07:29 +0000

[...] last week, I contacted Citibank to request a balance transfer check from the 0% balance transfer offer from the Citi Driver’s Edge card. I want to use the free [...]

By: March 2008 Score Card — Part I: Net Worth

March 2008 Score Card — Part I: Net Worth — Fri, 04 Apr 2008 04:55:52 +0000

[...] card balance(+): We have a total of $19,043.17 on our credit cards, which include $17,000 0% APR balance transfer. The overall balance is $240.18 (1.25%) smaller than last month. It’s quite consistent that [...]

By: March 2008 Score Card — Part I: Net Worth | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing

Wed, 02 Apr 2008 00:54:53 +0000

By: Yes! Car Loan Paid off by Free Money from Credit Card!! | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing

Thu, 28 Feb 2008 15:37:40 +0000

[...] last week, I contacted Citibank to request a balance transfer check from the 0% balance transfer offer from the Citi Driver’s Edge card. I want to use the free [...]

By: MJKIII

MJKIII — Sun, 24 Feb 2008 18:13:49 +0000

I had the same experience when trying to move a credit line between citi cards to maximize the amount of $$ i could “borrow” at 0% to put in my high yield savings. I will never deal with anyone but a manager again, as similar to Sun, i got 2 no’s, (i was persistent as i knew it could be done as i have done it before), then finally a yes, “i can do it right now for you”….

just an FYI they said i couldn’t move credit from a personal card to a business card, but you can and i did.

By: Tim

Tim — Fri, 22 Feb 2008 09:20:43 +0000

considering you had $30k limit on your other cards, that isn’t out of the ordinary to only get a lower limit on a new card regardless of your history with citi. It’s a good point to make that people shouldn’t assume that since you have good history with a creditor that you will automatically get a high limit on a new credit card. You still have to consider your outstanding debts, your credit score/history, and your existing open lines of credit. I would have thought, though, that you could have gotten a 0% BT offer on one of the other cards though rather than applying for a new card. Citi has sent me several 0% BT offers for my existing cards. Citi is very convenient, perhaps too convenient, since you can see the offers by signing online to your account and going to balance transfer.

I would confirm that your BT check is no fee, because citi has changed their BT to 3% fee with no limits (just take a look at the link you provided to the citi driver’s). If there is a fee then, I think your $17k check will be reduced, because $17k * 3% = $17510, which is over your new $17500 limit.

I’m not so sure I would have taken the offer considering that if you are late on a payment to Citi, it will default to over 20% whereas the car loan won’t. Also, considering that you will have to repay the amount by the end of November in order to avoid interest which is 9 months away. Remember the promo started in December, not when you cash the BT check.

By: Sun

Sun — Fri, 22 Feb 2008 03:57:52 +0000

Cully: Actually, I wasn’t happy at all when I got only $2,500 credit limit. I told the manager that I have a loyal customer for almost 10 years and never missed a single payment, and I deserve better than $2,500 limit. However, they refused to increase my limit and told me that has to be done after another review of my credit, even though I am a good customer

By: Cully P

Cully P — Thu, 21 Feb 2008 23:08:51 +0000

Clearly it helps to speak to the right person when you’re dealing with credit card issuers. Much of it has to do with your credit history, especially with the particluar issuer you’re dealing with. I have good credit, so I can basically ask for what I want if it’s an anomaly, but as long as you don’t abuse your position with them and pay your bills on time and are a ‘good’ customer, you should have no problems getting what you want. It’s a money business, and they don’t want to lose you.

By: Jesse

Jesse — Thu, 21 Feb 2008 18:57:18 +0000

You know that got me thinking…now I am wondering about the 0% discover I just got approved for…they didnt say the credit limit yet. If its not what I need, what a waste.

By: Nelson

Nelson — Thu, 21 Feb 2008 17:28:19 +0000

This is very true. Recently, I wanted to avoid paying the annual fee I was paying for my Visa. The card is affiliated to an an airlines program which offered a $50 companion fare (which worked well for me before). I don’t have fly as much as I used to so I tried to see if I could have the fee waived (it was worth a shot). After calling twice and talking to different CSRs, the last one told me that I could talk to a manager but it wouldn’t do me any good since the fee is charged by the airline and not them. Fair enough so I asked what I could do about it since I didn’t want to cancel the card because it was my highest credit limit card and didn’t want to take a hit on my credit score. I asked if I could open a different credit card with no annual fee and have the credit limit transferred and then I would cancel the old card. The CSR told me that she didn’t know of any credit card that did not charge an annual fee (yes, I made sure if we were talking about a regular card with no airline points/miles). Frustrated, I told her to just connect me to the NEW credit card applications division and I’ll try my luck with them. When connected, I explained my situation and the new CSR told me “Why don’t I just remove the airline upgrade part of your credit card, it would be the easiest thing to do”. Woohoo – Thank goodness someone knows what’s going on around there.