topic Re: American Express Credit Reallocation in Credit Cards

American Express Credit Reallocation

BH1985 — Mon, 14 May 2018 23:56:42 GMT

Hello, everyone.

I’m a new member here but I’ve been lurking for several months in an attempt to educate myself on the workings of FICO scores and credit more generally.

I just thought I’d share a tidbit of information which may prove useful to some of the members here, especially since my experience conflicts with what I have previously read here as it pertains to credit reallocation on American Express cards.

Today I was approved for a $1,000 credit reallocation by Amex from my $4,000 limit EveryDay card (non-Preferred) to my $4,000 limit Blue Cash EveryDay card.

Previously I’ve read that Amex will not approve a reallocation until the donor card is 13 months old and the recipient card is 2 months old, but my first statement cut for each card earlier this week.

The accounts were opened on the same day last month with one hard Experian credit inquiry. I called for recon on the first and was approved immediately for the second card.

My profile is also dirty. My FICO scores are: TU-668 EQ-672 EX-661 (Experian was 675 at time of application).
I have 4 open accounts in collections, 2 of which are sub-$300 medical debts from 2016. One is a Capital One chargeoff from 2011 and one is owed to a university from 2012.

I hope this helps anyone looking to reallocate their credit within the initial 13 month period.

Re: American Express Credit Reallocation

MrDisco99 — Tue, 15 May 2018 00:10:04 GMT

I've also moved credit around between my cards several times and none of my Amex cards is 13 months old yet. Maybe that age limit used to be a thing, but it's definitely not anymore.

Re: American Express Credit Reallocation

K-in-Boston — Tue, 15 May 2018 00:54:50 GMT

There have been a handful of reports of declines due to age lately, but most of us have indeed been able to move limits to and from new cards with no problem. I moved $8k TO a brand new card last year and DW moved $8k FROM a brand new card last year.

Welcome to the forums, by the way!

Re: American Express Credit Reallocation

fltireguy — Tue, 15 May 2018 01:36:48 GMT

You can do it online pretty much any time after account opening btw