I just rec'd a new citibank aa world mastercard. they advertise no preset limit. Used the card to take a cash advance of $2200 from my $2500 limit. Got declined twice on the initial transaction because it set off an alarm taking that much and it triggered fraud early warning. After speaking to them a couple of times I was finally allowed to complete the transaction. A week later I attempted to use the card which would have put me over the limit by $100, transaction declined. i called and they transferred me to the credit management and they said because of the large cash advance and because i haven't made any payments and because i am carrying high balances on other cards i could not go overlimit. I think this is a fluke, no preset limit, yeah right! knew it was too good to be true. Interested to know how you can go overlimit. I feel I paid for the privledge this card has $85 annual fee and they wouldn't let me go over by $100.
CASH ADVANCES ARE RED FLAGS...If you had shopped at TARGET, WAL*MART, got gas, groceries, paid the cell phone bill and went $100.00 OVER...NO RED FLAG!!!!!!!!
convert to platinum select, and get your $85 back. Citibank is doing the all-to-common "approve you" because you meet the requirements, but don't give you any love treatment. You hear about mbna giving out $500 cards, and other creditors doing the same thing all the time.
I don't understand the no pre set limit thing....so you're taking friends out to dinner and you don't know if you'll be declined...maybe it's not so bad knowing you have a certain amount left on your card so you can plan accordingly. Thanks
AMEX's commercial with the business man getting declined with his Visa because he was over his limit, makes it seem like AMEX is the "back-up" card.
well, even Amex will decline you if they feel the charge would make your balance to high. Their no pre-set limit works the same way. The only benefit with amex is that you can call of logon to see if a purchase would be approved before you get embarassed.
A "BACK-UP" card may be like $500 credit limit no annual fee that you would NOT use at any time unless it was an EMERGENCY...
I'd rather just know what my limit is, so I'll know how much credit I have available. Don't want to have to call up and check each time I want to make a purchase.
