topic Re: Consolidate 2 Amex Cards in Credit Cards

Consolidate 2 Amex Cards

Anonymous — Thu, 26 Aug 2010 22:08:55 GMT

I have a high 700 Credit score and have 2 amex card one with 20,000 CL (Delta) and other with 11,000 CL. I have Annual fees of $95 and $60. I want to consolidate those cards.

I want to consolidate both of them to get a palt card!

First of all is it possible, second is it advisable?

Please advise

Re: Consolidate 2 Amex Cards

Creditaddict — Thu, 26 Aug 2010 23:06:44 GMT

What card do you want?

You use to be able to move CL around between cards online, but over a year ago amex stopped allowing you to do this online, not sure if you can do it over the phone or not, I would give them a call.

Re: Consolidate 2 Amex Cards

Anonymous — Thu, 26 Aug 2010 23:15:04 GMT

I have Delta Gold Amex and Starwood Amex! I wanted to consolidate both of them to a platinum if possible.

My consolidating CC will it ding my credit score? Appreciate you feed back as I am new for consolidation.

Re: Consolidate 2 Amex Cards

Creditaddict — Thu, 26 Aug 2010 23:30:03 GMT

you can't convert credit cards with amex to charge cards with amex. You can call amex and ask them what cards are available to Product Change to from your current cards. You would probably have options to change to any other airline card, hotel card, or blue.

If you want a platinum charge, apply, with your credit lines with amex, they clearly like you and would probably love for you to have a charge card too.

Re: Consolidate 2 Amex Cards

haulingthescoreup — Fri, 27 Aug 2010 01:05:42 GMT

They would also love to have your $450 annual fee.

Re: Consolidate 2 Amex Cards

Anonymous — Sat, 28 Aug 2010 02:39:55 GMT

Good luck trying. I've tried on 3 separate occasions via phone now. Tried to consolidate Blue Cash CL into SPG CL. This option went away a year ago.

Re: Consolidate 2 Amex Cards

Creditaddict — Sat, 28 Aug 2010 02:46:08 GMT

@Anonymous wrote:
Good luck trying. I've tried on 3 separate occasions via phone now. Tried to consolidate Blue Cash CL into SPG CL. This option went away a year ago.

you may not be able to go from blue to SPG, but you could go blue to something else, you have to ask them what choices you have.

Product Changes are FOR SURE available, I have PC 4 of my accounts in the last 3 months and some of them 2 because I decided after the fact I didn't like the product I switched to. Each time I do a product change I have different options based on the current product im in.

Re: Consolidate 2 Amex Cards

vanillabean — Sat, 28 Aug 2010 03:19:38 GMT

It's not advisable. Your consolidated credit limit may be too high to be used for util.

Re: Consolidate 2 Amex Cards

Red1Blue — Sat, 28 Aug 2010 13:14:03 GMT

If you consolidate the accounts they might reduce the CL later to a lower amount. Best suggestion try to get them to do the product change to a no AF cards that way you can keep them in tact and apply for a platinum if you so desire.

Re: Consolidate 2 Amex Cards

Watchmann — Sat, 28 Aug 2010 14:18:09 GMT

I don't see any sense in trading $155 in total fees you currently have for a $450 fee, with no guarantee you would have the same total spending ability. You have good lines with AMEX already, not much to be gained except for the image of a Platinum card in your wallet. If it is worth it to you for that reason then give them a call and see what they will do, but remember you will be asking AMEX to look around your credit lines with them and you never know what they may do. Way too much downside to this plan, imo.

Re: Consolidate 2 Amex Cards

Anonymous — Mon, 30 Aug 2010 21:21:22 GMT

After you suggestion i dont see a point to consolidate, what do you guys think of product change form Delta Gold to Pen Fed Amex?

Re: Consolidate 2 Amex Cards

Creditaddict — Tue, 31 Aug 2010 01:03:06 GMT

Your Delta card is backed My American Express Centurion Bank, the Penfed Amex is backed by Penfed Bank. You can't product change to another bank, you can call the number on the back of your card and ask them what cards are available that your able to PC to from Delta.