topic Re: AMEX Credit Line re-allocation question - UPDATE from Amex finally! in Credit Cards

AMEX Credit Line re-allocatio - UPDATE from Amex

CreditCuriosity — Thu, 18 Feb 2016 19:34:03 GMT

Queston for you guys that did a Credit line reallocation with Amex before.. My ED card hit 13 months a few days ago being my donor card and my HHonors is over 13 months as well.. I know donor has to be 13 months old and receiver card has to be two months old so pass both of those scenario.. Ok to the question.

People that have done this, was it a HP or a SP? I just spoke with them and they couldn't gurantee what it would be.

Was it instant for you that have done it or not? I was talking to Amex Platinume rep and said 5-7 days I would get a notice in the mail whether they were able to complete it.. I asked him if it was declined he said NO, but kinda weird that it wouldnt be instant.. He said it had to be manually reviewed for this sort of thing.. Or was he full of hot air?

Just wondering if to expect a HP and if instant or not for others that have one this with amex. Just asked to move 4k from ED card to HHonors.

Thanks

UPDATE 02/18/2015

So getting no where on this as I have tried the 16th when my account actually hit 13 months and today again and got in progress 7-10 message.. Long story short I thought it was 13 statements so my 13th statement cut on the 13th so tried on the 14th I believe for a Re-Allocation and went into in-progress leading to this thread.. Anyways after many call getting no where I finally hoped on chat today and she stated it was declined for trying to early and my other requests were declined as well even after the 13 months has been full-filled due to they have a rule even though it was to early to request it you must wait TWO MONTH prior to trying to re-allocate your credit line again kinda like a CLI (although this is 90 days) of a failure.. Although I tried before it was eligible I must wait 60 days before it will go through.. Not happy with Amex at all with regards to this, but I said it is what it is and the HHonors card will remain in the SD until it has a more useable limit.. She apologized. IMO they shouldn't allow you to try prior to the "true" 13 months vs 13 statement months and hold that against you as their rules aren't to clear in this area. Just for others that are interested as not many data points at all on this process.

Re: AMEX Credit Line re-allocation question

Coolermaster007 — Sun, 14 Feb 2016 18:21:53 GMT

I've tried to do this few times recently from my BCE to SimplyCash my accounts both over 13 months with no success if u look @ *check amex status* site my says in progress for like 2 months no letters no explanation no limits movement or nothing.

Re: AMEX Credit Line re-allocation question

satasat360 — Sun, 14 Feb 2016 18:28:18 GMT

@CreditCuriousity wrote:
Queston for you guys that did a Credit line reallocation with Amex before.. My ED card hit 13 months a few days ago being my donor card and my HHonors is over 13 months as well.. I know donor has to be 13 months old and receiver card has to be two months old so pass both of those scenario.. Ok to the question.

People that have done this, was it a HP or a SP? I just spoke with them and they couldn't gurantee what it would be.
Most likely SP, I have done twice in the past 2 years between my TE and BCE. Both the time TE is the donor and i didnt see any HP with EXP.

Was it instant for you that have done it or not? I was talking to Amex Platinume rep and said 5-7 days I would get a notice in the mail whether they were able to complete it.. I asked him if it was declined he said NO, but kinda weird that it wouldnt be instant.. He said it had to be manually reviewed for this sort of thing.. Or was he full of hot air?
Its instant for me, both the times i called the number in the back of bce and the rep was able to done that in the phone and said it will reflect in 15 mins and when i logged in after the call i was able to see the new credit limit in both the cards.

Just wondering if to expect a HP and if instant or not for others that have one this with amex. Just asked to move 4k from ED card to HHonors.
I tried 5k 1st time and 9k second time, so 4k should not be a problem. Good luck

Thanks

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 18:26:34 GMT

@Coolermaster007 wrote:
@I've tried to do this few times recently from my BCE to SimplyCash my accounts both over 13 months with no success if u look @ *check amex status* site my says in progress for like 2 months no letters no explanation no limits movement or nothing.

Was this a HP for you? I tried over phone, but found out there is also an online form to do it after doing a bit of googling, which I would of used the online form.. After some additional reading some people are insta reallocated and some aren't it appears.. Not looking good IMO to me.. Will check application status link I guess.. Praying it wasn't a HP

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 18:27:43 GMT

@satasat360 wrote:
@CreditCuriousity wrote:
Queston for you guys that did a Credit line reallocation with Amex before.. My ED card hit 13 months a few days ago being my donor card and my HHonors is over 13 months as well.. I know donor has to be 13 months old and receiver card has to be two months old so pass both of those scenario.. Ok to the question.

People that have done this, was it a HP or a SP? I just spoke with them and they couldn't gurantee what it would be.
Most likely SP, I have done twice in the past 2 years between my TE and BCE. Both the time TE is the donor and i didnt see any HP with EXP.

Was it instant for you that have done it or not? I was talking to Amex Platinume rep and said 5-7 days I would get a notice in the mail whether they were able to complete it.. I asked him if it was declined he said NO, but kinda weird that it wouldnt be instant.. He said it had to be manually reviewed for this sort of thing.. Or was he full of hot air?
Its instant for me, both the times i called the number in the back of bce and the rep was able to done that in the phone and said it will reflect in 15 mins and when i logged in after the call i was able to see the new credit limit in both the cards.

Just wondering if to expect a HP and if instant or not for others that have one this with amex. Just asked to move 4k from ED card to HHonors.
Good luck

Thanks

Thanks.. Guessing it is a denial or I did it a few days to early.. My 13th statement cut yesterday on my ED card... Guessing a denial for whatever reason.

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 18:29:23 GMT

Getting this on check status..I feel a HP coming on this one

Re: AMEX Credit Line re-allocation question

Saleen099 — Sun, 14 Feb 2016 18:31:29 GMT

Do you know if they pulled your credit or have you got any alerts that they pulled your credit?

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 18:32:47 GMT

@Saleen099 wrote:
Do you know if they pulled your credit or have you got any alerts that they pulled your credit?

This I wish I knew... Dont feel like pulling a report atm to see if a HP has happened yet... I already used my CCT pull for the today, so will have to wait until tomorrow to see if I incurred a HP.

Re: AMEX Credit Line re-allocation question

Anonymous — Sun, 14 Feb 2016 18:53:06 GMT

Ah bummer CC. Well Its still up in the air.

I always thought in my mind it was 13/2 months and it was as easy to do as Chase. I guess not! This will be a great thread and learning experience, cant wait for the results. I have to sit down and crunch the numbers here this summer and figure out what to do.

In the back of my mind I am hoping that they come out with some new cards... but I am thinking with some inquiries dropping off it would not be such a bad idea to app for the EDP in hopes of a bonus, and cancel the PRG. If there is no 25k bonus I will just upgrade. I would have to be sure to use the EDP the full 30 swipes to compensate for loss of 2x MRs at dining.

Re: AMEX Credit Line re-allocation question

Coolermaster007 — Sun, 14 Feb 2016 18:56:38 GMT

No this is not going to cost an HP.Well in my case the rep told me its not 13th statements it is 1yr and 30 days since account was 1st opened is this is true I jumped the gun by 4-5 days my 13th statement hit on feb.7 but my accounts were opened jan.19th so he said tried againg after the 19th of this month ---.---

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 18:59:19 GMT

@Coolermaster007 wrote:
No this is not going to cost an HP.Well in my case the rep told me its not 13th statements it is 1yr and 30 days since account was 1st opened is this is true I jumped the gun by 4-5 days my 13th statement hit on feb.7 but my accounts were opened jan.19th so he said tried againg after the 19th of this month ---.---

Ya wondering if I jumped the gun a few days early? Although one woul think the rep would of told me if this was the case, but we all know CSR's... Will be pulling my experian report shortly to find out if a HP happened as if it did you can be dang sure I will pick up the prg at 50k if it did lol.

Re: AMEX Credit Line re-allocation question

mikelo22 — Sun, 14 Feb 2016 19:01:44 GMT

Mine was SP and instant. It was quite a breeze surprisingly. But I guess it's another situation of YMMV. Hope you get it fixed in your favor.

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 19:00:46 GMT

@Anonymous wrote:
Ah bummer CC. Well Its still up in the air.

I always thought in my mind it was 13/2 months and it was as easy to do as Chase. I guess not! This will be a great thread and learning experience, cant wait for the results. I have to sit down and crunch the numbers here this summer and figure out what to do.

In the back of my mind I am hoping that they come out with some new cards... but I am thinking with some inquiries dropping off it would not be such a bad idea to app for the EDP in hopes of a bonus, and cancel the PRG. If there is no 25k bonus I will just upgrade. I would have to be sure to use the EDP the full 30 swipes to compensate for loss of 2x MRs at dining.

Ya interesting indeed.. Wondering if I jumped the gun to early now i am starting to second guess when I could do it as I have chatted with them in the past about it but can't remember the exact date they said I would be eligible to do this... Might hop on chat in a few moments to find out what date I oped my ED card as now I am very curious

Re: AMEX Credit Line re-allocation question

NRB525 — Sun, 14 Feb 2016 19:02:58 GMT

What are the limits on each of your AMEX cards now?

What set of limits are you trying to get to?

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 19:03:52 GMT

Ok think I found the issue... A rep that didn't know what he was doing along with me not doing my research prior to requesting it! I am short by 2-3 days... See screen shot! Hoping no HP fingers crossed.. Weird screen would show in progress or pending or whatever though.. Opened account 1/16/2015 according to the HP on EXP

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 19:05:50 GMT

@NRB525 wrote:
What are the limits on each of your AMEX cards now?
What set of limits are you trying to get to?

Think I found out my Issue... My Ed limit was 26k my HHonors was 2k.. Was trying to move 4k from Ed to Hhonors to make it 6k.. Also have a simply cash at 19.7k.

Anyways appears I jumped the gun two days early if you see my prior post.. Wonder why they submitted it early when it is bound to be shot down.. I just didn't pay close enough attention apparently as I could of sworn I was past 13 months but appears a few days short.. Guessing it was the 13 statements that messed with my mind.

Re: AMEX Credit Line re-allocation question

mikelo22 — Sun, 14 Feb 2016 19:09:13 GMT

@CreditCuriousity wrote:
Ok think I found the issue... A rep that didn't know what he was doing along with me not doing my research prior to requesting it! I am short by 2-3 days... See screen shot! Hoping no HP fingers crossed.. Weird screen would show in progress or pending or whatever though.. Opened account 1/16/2015 according to the HP on EXP

Ah man, that is frustrating. But to a computer, whether you're 2 days early or two months, I wouldn't think it would matter. You'll likely need human intervention to override a rule you broke just a couple days too early.

Re: AMEX Credit Line re-allocation question

Coolermaster007 — Sun, 14 Feb 2016 19:09:22 GMT

This is not an YMMV thing you will not get an HP for this leave that prg card alone last thing we need is a new TL on our report lol.Anway yes people w/ credit files like us dont just get denied for things like that out nowhere I think same as me we simply jumped the gun after the 16th & 19th we should be go roll

Re: AMEX Credit Line re-allocation question

CreditCuriosity — Sun, 14 Feb 2016 19:17:27 GMT

@Coolermaster007 wrote:
This is not an YMMV thing you will not get an HP for this leave that prg card alone last thing we need is a new TL on our report lol.Anway yes people w/ credit files like us dont just get denied for things like that out nowhere I think same as me we simply jumped the gun after the 16th & 19th we should be go roll

Oh I agree jumped gun early will submit it in 3 days again and should go through just fine... PRG was only going to happen if I got hit with the HP, only then lol

Re: AMEX Credit Line re-allocation question

NRB525 — Sun, 14 Feb 2016 20:03:49 GMT

@CreditCuriousity wrote:
@NRB525 wrote:
What are the limits on each of your AMEX cards now?
What set of limits are you trying to get to?
Think I found out my Issue... My Ed limit was 26k my HHonors was 2k.. Was trying to move 4k from Ed to Hhonors to make it 6k.. Also have a simply cash at 19.7k.

Anyways appears I jumped the gun two days early if you see my prior post.. Wonder why they submitted it early when it is bound to be shot down.. I just didn't pay close enough attention apparently as I could of sworn I was past 13 months but appears a few days short.. Guessing it was the 13 statements that messed with my mind.

Ok, why not just 3x the Hhonors? Had that been denied earlier?