topic Re: Amex - Shifting Credit Limits in Credit Cards

Amex - Shifting Credit Limits

Anonymous — Sun, 22 Dec 2019 17:43:23 GMT

I know that American Express will sometimes decrease the credit limit on one card when you're approved for a new card. I've also heard that we can move credit limits around some. Could you do that right after approval?

Re: Amex - Shifting Credit Limits

M_Smart007 — Sun, 22 Dec 2019 17:54:15 GMT

@Anonymous wrote:
I know that American Express will sometimes decrease the credit limit on one card when you're approved for a new card. I've also heard that we can move credit limits around some. Could you do that right after approval?

I have done it many times, under services on the Amex website. You can also call in.

I believe you must leave $500-$1000 on the donor card

edit: I personally have never had them decrease one card to another on approval but YEMV

Re: Amex - Shifting Credit Limits

CreditCuriosity — Sun, 22 Dec 2019 18:00:40 GMT

Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall

Re: Amex - Shifting Credit Limits

Save-n-Invest — Sun, 22 Dec 2019 18:10:44 GMT

@M_Smart007 wrote:
@Anonymous wrote:
I know that American Express will sometimes decrease the credit limit on one card when you're approved for a new card. I've also heard that we can move credit limits around some. Could you do that right after approval?
I have done it many times, under services on the Amex website. You can also call in.

I believe you must leave $500-$1000 on the donor card

edit: I personally have never had them decrease one card to another on approval but YEMV

I applied for BCE a few years ago as Amex refused to pc Blue to BCE. Before the BCE arrived I received a letter advising that the limit on Blue was reduced (significantly) due to the BCE approval. Letter went on to inform that the decision was final.

I phoned the number on the letter and told the rep I didn't want the BCE. Please cancel that account. Credit limit was restored to Blue. BCE remained at the approved limit.

I have never tried to get a CLI from Amex. The limit is adequated for my needs.

Re: Amex - Shifting Credit Limits

FinStar — Sun, 22 Dec 2019 18:18:57 GMT

@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall

It's been a while since I did this, but I recall the process was seamless. Now, if a CL is reallocated, does that impact the 3x CLI schedule on either card whether it's the recipient or the donor? My memory is a bit foggy on that piece 😛🤔.

Re: Amex - Shifting Credit Limits

simplynoir — Sun, 22 Dec 2019 18:35:34 GMT

@FinStar wrote:
@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall
It's been a while since I did this, but I recall the process was seamless. Now, if a CL is reallocated, does that impact the 3x CLI schedule on either card whether it's the recipient or the donor? My memory is a bit foggy on that piece 😛🤔.

Only CLI initiated by the customer resets the clock, everything else from new apps, reallocation, or auto CLIs don't reset the clock

Re: Amex - Shifting Credit Limits

M_Smart007 — Sun, 22 Dec 2019 18:39:02 GMT

@simplynoir wrote:
@FinStar wrote:
@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall
It's been a while since I did this, but I recall the process was seamless. Now, if a CL is reallocated, does that impact the 3x CLI schedule on either card whether it's the recipient or the donor? My memory is a bit foggy on that piece 😛🤔.
Only CLI initiated by the customer resets the clock, everything else from new apps, reallocation, or auto CLIs don't reset the clock

+1 I can confirm this ^^^^^^^^

Re: Amex - Shifting Credit Limits

M_Smart007 — Sun, 22 Dec 2019 18:41:32 GMT

@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall

I am still limited to once a month on personal, was denied at about 28 days, but approved for CL shift after 31 days.

this was about 2-3 months ago in timeframe.

Re: Amex - Shifting Credit Limits

CreditCuriosity — Sun, 22 Dec 2019 18:41:33 GMT

@FinStar was unsure on this as well, but appears others know the answer

Re: Amex - Shifting Credit Limits

Anonymous — Sun, 22 Dec 2019 18:43:26 GMT

Thanks for this thread , I did not know you could reallocate credit lines between Amex cards , I transferred 5k CL to my Amex everyday which only had a 2,000 SL now at 7k , took 5k away from my 45k Amex Hilton surpass

Re: Amex - Shifting Credit Limits

FinStar — Sun, 22 Dec 2019 18:51:12 GMT

@simplynoir wrote:
@FinStar wrote:
@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall
It's been a while since I did this, but I recall the process was seamless. Now, if a CL is reallocated, does that impact the 3x CLI schedule on either card whether it's the recipient or the donor? My memory is a bit foggy on that piece 😛🤔.
Only CLI initiated by the customer resets the clock, everything else from new apps, reallocation, or auto CLIs don't reset the clock

That's good to know @simplynoir 😁...thank you! 👍 I haven't had the need to reallocate CLs, but since I'm considering the consolidation of some existing revolvers, I couldn't remember the guidelines.

Re: Amex - Shifting Credit Limits

M_Smart007 — Sun, 22 Dec 2019 18:53:56 GMT

As FinStar stated "seamless" to re-allocate CL's .. and usually takes effect within 5 minutes or sooner.

Re: Amex - Shifting Credit Limits

I_Love_Cards — Sun, 22 Dec 2019 21:36:53 GMT

I did a CLI on my highest limit card-then 10 min later moved a bunch of the new limit to a different card.

I also moved limit to a brand new card the day after it was opened (it took that long for the card to show up in my online account).

I know there’s a lot on the google machine talking about how cards have to be a year old to be involved in this process, but that doesn’t appear to be the case anymore.

You can’t move business lines to personal (you can go the other way), you have to leave the minimum CL on the donor card, and I’ve been limited to 30 days between requests.

All of which is mentioned above but just adding my experience for confirmation.

Re: Amex - Shifting Credit Limits

AverageJoesCredit — Sun, 22 Dec 2019 22:02:05 GMT

To me its YMMV, i was unable to seamlessly move limits so its either me or just because im average

Re: Amex - Shifting Credit Limits

Anonymous — Sun, 22 Dec 2019 23:06:20 GMT

@Anonymous wrote:
I know that American Express will sometimes decrease the credit limit on one card when you're approved for a new card. I've also heard that we can move credit limits around some. Could you do that right after approval?

Yes you can - I did so and now my Everday Cash with 15 months (or is it 18) 0% interest has an $11,000 CL instead of the $3,000 at approval. As soon as I've done my Delta Gold SUB I'll move $3500 more over to the interest free card.

However, keep in mind that a new Amex card won't report for a couple of months, so your total CL shrinks as far as your scores are concerned. I basically have only 75% of my actual CL reporting right now.

Re: Amex - Shifting Credit Limits

UncleB — Mon, 23 Dec 2019 00:56:18 GMT

For many the minimum you have to leave on the donor card is $500, but for both my Delta Gold and BCP it was $1k. (This was lousy for my Delta, since the credit line was only $1k to begin with so I couldn't reallocate at all.)

I think (???) I've seen reports of people only leaving $500 on those two in particular so it might be profile specific rather than product specific.

Re: Amex - Shifting Credit Limits

Anonymous — Mon, 23 Dec 2019 00:59:32 GMT

@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall

I wasnt aware you could allocate between business and personal....good info for those who may want this as an option.

Re: Amex - Shifting Credit Limits

simplynoir — Mon, 23 Dec 2019 01:49:37 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
Very easy to move limits with amex must leave 500 as stated on donor card use to be once ever months, but believe that restriction has also been removed if i recall correctly.. I moved most of my limits to business credit from personal with them once that is done you cant move back to personal though which kinda stinks, but all good overall
I wasnt aware you could allocate between business and personal....good info for those who may want this as an option.

It's a one-way trip from personal -> business. You cannot do business -> personal so loses some of its appeal to me there but still helpful if you a daily driver like the Blue Business Plus/Cash cards that require a bigger limit to use

Re: Amex - Shifting Credit Limits

Anonymous — Mon, 23 Dec 2019 02:34:32 GMT

@UncleB wrote:
For many the minimum you have to leave on the donor card is $500, but for both my Delta Gold and BCP it was $1k. (This was lousy for my Delta, since the credit line was only $1k to begin with so I couldn't reallocate at all.)

I think (???) I've seen reports of people only leaving $500 on those two in particular so it might be profile specific rather than product specific.

It's definitely related to balance, for one thing. I can leave only 500 on Delta if I want to, but my Everyday rewards, that's carrying about 3600 on 0%, can't go below a $4000 limit.

Untitled 2.png

Re: Amex - Shifting Credit Limits

UncleB — Mon, 23 Dec 2019 02:55:17 GMT

@Anonymous wrote:
@UncleB wrote:
For many the minimum you have to leave on the donor card is $500, but for both my Delta Gold and BCP it was $1k. (This was lousy for my Delta, since the credit line was only $1k to begin with so I couldn't reallocate at all.)

I think (???) I've seen reports of people only leaving $500 on those two in particular so it might be profile specific rather than product specific.

It's definitely related to balance, for one thing. I can leave only 500 on Delta if I want to, but my Everyday rewards, that's carrying about 3600 on 0%, can't go below a $4000 limit.

Untitled 2.png

I don't doubt that at all, but in my case the balance on all cards was -0- so it was something about my profile that required me to leave $1k on each card. ¯\_(ツ)_/¯

Also, you can't tell what they would let you leave by looking at that screen... that's exactly what I saw as well, but when I tried to do the reallocation it failed and I was told I would get a letter. On my BCP I immediately tried again (leaving $1k) and it worked.