Amex credit reallocation

[waynes1982]

Hi All,

Does AMEX allow you to move credit from one card to another card in order to open up the account?

I was just approved last week for the Delta Gold card, but I really want another card from them, but I don't think they will approve me for another card with them, so I want to take some credit from this card to open the new card.

Any help would be great.

Thanks!

[PrimeRate]

After 13 months, you can reallocate. They are very strict on this! I tried to reallocate from a card that was 12 months and 26/27 days old and was immediately denied. Called their CS and asked for the date the card was opened. Waited 4 more days, immediate approval. The denial letter from the first reallocation attempt also confirmed it was too early in the accounts history to move funds.

My recommendation: Sign into your Amex ONLINE account and apply. If denied, it will only be an SP. HP would occur only if approved. BEST OF LUCK!

[waynes1982]

Do you know which other card I could try for that wouldn't be a duplicate app of this card?  I think you can't apply for a revolver within a certain number of days or something that that nature.

[PrimeRate]

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@waynes1982 wrote:

Do you know which other card I could try for that wouldn't be a duplicate app of this card?  I think you can't apply for a revolver within a certain number of days or something that that nature.

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There's no restriction that I'm aware of. I just checked a few threads and data points suggests you're ok to app.

Again, as long as you're logged in, decline is an SP. HP if approved. So if you want the account - swing the app.

[waynes1982]

So if I get a SP it's declined?  I have a SP the same day I apped, and then I have HP as well the same day for a previous app that was on hold due to a freeze on my reports. This app is still on hold until tomorrow since I guess I did it before the 5 day time, so the system thinks it's a duplicate.

[PrimeRate]

If it's still on hold don't jump to any conclusions. I've read of 2 revolvers within the 5 day span only causing 1 HP, not just the charge-revolver method. As always YMMV, but wait until Wednesday, then call the status line.

[noobody]

So you can do reallocation online or have to call in?

[waynes1982]

Well I guess it was just on hold so that they could verify my address.  Well the card was approved with a much higher credit limit then my first card!

[alvon123]

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@waynes1982 wrote:

Well I guess it was just on hold so that they could verify my address.  Well the card was approved with a much higher credit limit then my first card!

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congrats

[PrimeRate]

Congrats.