When Barclays divests its AA card portfolio to Citi next year, what’s going to happen? Of course we don’t know for sure, but based on how Citi handled the transition of the Costco portfolio from American Express and how banks typically operate, we can make educated guesses. That means that probably:
- Personal Barclays AA cards will show as closed on your credit report
- Replacement Citi AA cards will show as separate accounts on your credit report
- Account open date for Citi AA cards will be backdated to Barclays AA opening dates, so 5/24 status may or may not be affected depending on when you opened the card
- Credit lines will generally stay the same, but Citi’s risk analysis may lower some
- The bonus clock on Citi AA cards may reset
What if you have a Barclays AA card and you’re shutdown by Citi? Will the transition get you back in? I think the answer is likely that you’ll be back with Citi for transitioned cards in most cases, Citi is like a forgetful salamander. The worst types of shutdown ex-cardholders will probably see their new Citi card shutdown as well though.
Have a nice day friends!
There are still credit cards out there with no sign-up bonus reset clock.