AMEX: Closing Account & Opening Another Question

[B335is]

I think you're right 12njoy. I hadn't let the 13th statement cut so it was my fault. Just seeing that $175 AF there can be discouraging lol. I don't know why the CSR I spoke to felt giving the guideline was some big secret either, I guess like everything it depends who picks up the phone.

[12njoy]

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@B335is wrote:
I think you're right 12njoy. I hadn't let the 13th statement cut so it was my fault. Just seeing that $175 AF there can be discouraging lol. I don't know why the CSR I spoke to felt giving the guideline was some big secret either, I guess like everything it depends who picks up the phone.

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You're right B335, 

We roll the dice every time we dial that phone

[12njoy]

There was some discussion on the board a while back that a credit reallocation with amex would count as a cli.  I asked when I did mine if it would and was told no it wouldn't count as a cli. 

[Repairman]

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@B335is wrote:
I would just caution you that Amex has very strict requirements for reallocation. The from acct needs to generate 13 statements and I can't remember how many for the to acct. I just tried with a Delta Platinum (12 statements cut) to SPG (8 statements cut) and was denied. I proceeded with the closure since it was only $3100 limit on the Delta card. When I pressed them to give the guidelines they told me its confidential, for whatever reason.

I would just apply for the card you want. Only if you're at a maximum exposure situation with Amex would it matter.

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I read elsewhere that the from card had o be at least 13mo old and the to card 3 mos. At the time I attempt the transfer they should be 24mo and 12mo, respectively.

[12njoy]

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@Repairman wrote:

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@B335is wrote:
I would just caution you that Amex has very strict requirements for reallocation. The from acct needs to generate 13 statements and I can't remember how many for the to acct. I just tried with a Delta Platinum (12 statements cut) to SPG (8 statements cut) and was denied. I proceeded with the closure since it was only $3100 limit on the Delta card. When I pressed them to give the guidelines they told me its confidential, for whatever reason.

I would just apply for the card you want. Only if you're at a maximum exposure situation with Amex would it matter.

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I read elsewhere that the from card had o be at least 13mo old and the to card 3 mos. At the time I attempt the transfer they should be 24mo and 12mo, respectively.

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You should be fine then

[B335is]

Yeah I really thought there was a requirement for the to account age but I've been wrong before. Nevertheless you should be fine!

[Anonymous]

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@B335is wrote:
I would just caution you that Amex has very strict requirements for reallocation. The from acct needs to generate 13 statements and I can't remember how many for the to acct. I just tried with a Delta Platinum (12 statements cut) to SPG (8 statements cut) and was denied. I proceeded with the closure since it was only $3100 limit on the Delta card. When I pressed them to give the guidelines they told me its confidential, for whatever reason.

I would just apply for the card you want. Only if you're at a maximum exposure situation with Amex would it matter.

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I had quite the opposite experience last week.  I opened the Delta Gold a month ago with a $4900 SL, then was offered a sweet deal on the Delta Platinum card.  I was approved with only a $1400 SL.  I called in to see if that could be increased as it was a lot lower than other cards I was recently approved for.  She offered to move part of the CL from the Gold to the Platinum right there on the spot, and moved $3500 from Gold to Platinum.  At the time she processed it, the Gold was maybe 30 days old and the Platinum probably less than 10 minutes old.

Maybe because it was Delta to Delta, but I don't see why that would matter.  Who knows?

[SunriseEarth]

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@12njoy wrote:

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@B335is wrote:
I would just caution you that Amex has very strict requirements for reallocation. The from acct needs to generate 13 statements and I can't remember how many for the to acct. I just tried with a Delta Platinum (12 statements cut) to SPG (8 statements cut) and was denied. I proceeded with the closure since it was only $3100 limit on the Delta card. When I pressed them to give the guidelines they told me its confidential, for whatever reason.

I would just apply for the card you want. Only if you're at a maximum exposure situation with Amex would it matter.

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I know when I did mine last year,  they told me it only mattered on the from account.   It had to be 13 months.   They wouldn't do it a day earlier.   They didn't mention anything about the to account.   Of course OP can try it and if not approved,  just keep account opened our close it. 

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AFAIK, the requirements were the donor account had at least 13 statement and the recipient account was open for at least 61 days.   However, with the easing of the CLI requirements for cards opened less than 61 days, I'm not sure if this is still the "rule" for the recipient account.   I haven't directly tried reallocation of CLs with AMEX yet, so this is only anecdotal.