Originally Posted by
Scsweet
Here is my exchange with CS:
Me:
I continue to be frustrated about the lack of and/or inconsistent information regarding upgrades from the Red to the Silver Card. I would appreciate clear answers to the following questions:
1) will spending on the Red card count toward the EQM bonus if the card is upgraded prior to the end of the year?
2) will the Silver card become available to everyone at some point or will there be credit limit, spend history or other criteria?
3) will it be possible to defer annual fee renewal charges until a decision on Silver upgrade has been made (I am reluctant to pay an annual fee if I won't be able to upgrade)?
Thank you.
Reply:
... We can certainly address your request regarding the upgrade on your account.
At this time, our current policy prevents us from upgrading or replacing your account. New federal regulations place certain restrictions on product changes and we are currently working hard towards meeting these requirements. If an offer becomes available, we will notify you directly. We also apologize for any inconvenience this may cause...
"Federal Regulations"?
as far as spending towards EQM, a CS told me when I asked about that earlier that the spend does carry over.
That line about federal regulations seems to be along the lines of :
http://ficoforums.myfico.com/t5/Cred...s/td-p/1192727
But he might mean more generally that because of concern for this type of thing, the policy at Barclays is to disallow changes until the merger is complete and all cards have been transitioned, to avoid any missteps in the regulations from the CARD act.