topic Re: Interesting Chat with Amex in Credit Cards

Interesting Chat with Amex

Anonymous — Sun, 04 Sep 2016 03:19:09 GMT

I was looking to consolidate some CC balances and do a BT to my Amex Delta Card, which has a healthy 18.5K limit, so I hopped on chat to see what my options were. Agent said that I didn't have any offers at this time, and couldn't initiate at BT without one. Has anyone experienced this before? I guess I had the assumption that one could do a BT at any time. Not just when you had an offer available...

bbb

Re: Interesting Chat with Amex

Anonymous — Sun, 04 Sep 2016 04:20:19 GMT

From my experience with various cc issuers, there usully has to be an offer out there for a BT. From what I see of AMEX, there are very little BT offers other than when you first open a card with them initially. I'd try and get the Chase Slate or Citi Simplicity. Those are good options.

Re: Interesting Chat with Amex

PandiferBear — Sun, 04 Sep 2016 04:25:29 GMT

To be honest, Amex will not and should not be your go-to BT card. It is a pain to do for a reason.

Re: Interesting Chat with Amex

Anonymous — Sun, 04 Sep 2016 06:52:30 GMT

I have never seen any BT offers post promo on any Amex cards. I think maybe once a friend of mine that is a delta employee somehow got 0% for 15 months on a delta gold, but never got any future bt offers after that. Best bet is to push for APR reductions every 30-90 days and get it as low as you can.

I really want to have my SPG card at a sub 8% rate and move a lot of my CL from my ED to it. That would be awesome.

Re: Interesting Chat with Amex

Mattopotamus — Sun, 04 Sep 2016 13:13:02 GMT

Like others, I do not think I have ever seen a BT offer on my amex. I always have them from discover, citi, and barcalays.

Re: Interesting Chat with Amex

Anonymous — Sun, 04 Sep 2016 13:34:21 GMT

I have never seen any pop up and it is probably the last card I, personally, would think of transferring too. I wouldn't want to tie up a balance on a decent rewards card.

Re: Interesting Chat with Amex

kdm31091 — Sun, 04 Sep 2016 13:58:31 GMT

I haven't really heard of people doing BTs on Amex cards beyond the initial application. The one thing that would make it nice is that compared to many issuers, it is often easier to get a higher limit and lower APR on an Amex, making it more ideal for a BT.

That said, Amex just doesn't seem to be big on offering them, whereas other issuers shove it in your face every chance they get.

Re: Interesting Chat with Amex

Anonymous — Sun, 04 Sep 2016 14:28:21 GMT

@kdm31091 wrote:
I haven't really heard of people doing BTs on Amex cards beyond the initial application. The one thing that would make it nice is that compared to many issuers, it is often easier to get a higher limit and lower APR on an Amex, making it more ideal for a BT.

That said, Amex just doesn't seem to be big on offering them, whereas other issuers shove it in your face every chance they get.

Very true...

Re: Interesting Chat with Amex

NRB525 — Sun, 04 Sep 2016 14:31:30 GMT

OP, this is one of the reasons I have a boatload of CC

Your Discover likely has BT offers of some sort every day of the week.

Chase, much less likely but possible

AMEX, as others have noted... no.

In order to get into the BT game, one must have a card from another bank that is likely to do a BT offer. This means Capital One, Discover, Citi, BofA, US Bank, PenFed or (shudder) Barclays.

As you are discovering (pun) Consolidation of Balances can't be within the same bank, they don't like to play that game.

Re: Interesting Chat with Amex

austinguy907 — Sun, 04 Sep 2016 23:39:53 GMT

CU's tend to be open to BT's all of the time and don't charge you to do them either. Here's an offer Consumer's is doing currently if you have a card with them. Considering you pay on average 3% up front with other cards just to move your balance there it's competitive enough for the first year @ 2.99%

www.myconsumers.org

Re: Interesting Chat with Amex

Anonymous — Tue, 06 Sep 2016 01:59:11 GMT

@austinguy907 wrote:
@Anonymous's tend to be open to BT's all of the time and don't charge you to do them either. Here's an offer Consumer's is doing currently if you have a card with them. Considering you pay on average 3% up front with other cards just to move your balance there it's competitive enough for the first year @ 2.99%

www.myconsumers.org

that is akin to my card. unfortunately my CU is not open to the public. it is 2.9% for the life of the balance transfer, and also purchases for the first 12 months. next month my apr goes up to 7.9% but it is fixed so I am ok with that!

@NRB525 wrote:
OP, this is one of the reasons I have a boatload of CC

Your Discover likely has BT offers of some sort every day of the week.
Chase, much less likely but possible
AMEX, as others have noted... no.

In order to get into the BT game, one must have a card from another bank that is likely to do a BT offer. This means Capital One, Discover, Citi, BofA, US Bank, PenFed or (shudder) Barclays.

As you are discovering (pun) Consolidation of Balances can't be within the same bank, they don't like to play that game.

yep, this is a debt shuffle! the best way to responsibly do BTs without opening new accounts. it seems amex does not mind if they are paid off with a BT, although I have yet to try it myself.

Re: Interesting Chat with Amex

Anonymous — Tue, 06 Sep 2016 06:50:19 GMT

@Anonymous wrote:
@austinguy907 wrote:
@Anonymous's tend to be open to BT's all of the time and don't charge you to do them either. Here's an offer Consumer's is doing currently if you have a card with them. Considering you pay on average 3% up front with other cards just to move your balance there it's competitive enough for the first year @ 2.99%

www.myconsumers.org
that is akin to my card. unfortunately my CU is not open to the public. it is 2.9% for the life of the balance transfer, and also purchases for the first 12 months. next month my apr goes up to 7.9% but it is fixed so I am ok with that!

@NRB525 wrote:
OP, this is one of the reasons I have a boatload of CC

Your Discover likely has BT offers of some sort every day of the week.
Chase, much less likely but possible
AMEX, as others have noted... no.

In order to get into the BT game, one must have a card from another bank that is likely to do a BT offer. This means Capital One, Discover, Citi, BofA, US Bank, PenFed or (shudder) Barclays.

As you are discovering (pun) Consolidation of Balances can't be within the same bank, they don't like to play that game.
yep, this is a debt shuffle! the best way to responsibly do BTs without opening new accounts. it seems amex does not mind if they are paid off with a BT, although I have yet to try it myself.

I did a BT from my AMEX ED to my Slate card and it went through in about 5 days. No problem at all and I'm assuming that they really wouldn't care how they got their money, just as long as it was there on time.

Re: Interesting Chat with Amex

galahad15 — Tue, 06 Sep 2016 14:19:39 GMT

@Mattopotamus wrote:
Like others, I do not think I have ever seen a BT offer on my amex. I always have them from discover, citi, and barcalays.

My FNBO Amex get BT offers all the time Granted, I know it could be considered as not an "Amex proper" or a true Amex, since it is only on the Amex card network, not an Amex card actually issed by Amex, but I just wanted to mention as it technically has the Amex logo on it.

Re: Interesting Chat with Amex

austinguy907 — Tue, 06 Sep 2016 18:37:09 GMT

Centurion Bank = Amex

Co-branded aka issued by someone other than Centurion = Fake Amex