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Amex Delta Reserve approved! but...

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time2shine
Member

Amex Delta Reserve approved! but...

Put a decent amount of spent across the Amex Delta Gold - $20k in 2020, $60k in 2021 and $26k so far this year. Anticipating some int'l travel I applied for the Reserve, hoping to boost miles a bit.

 

Approved! $15k SL @ 766 Exp (if that's who they pulled...). But they borrowed from Peter to pay Paul. They reduced my Gold from $32.5k to $20k. =(

 

I called and they confirmed a, "reallocation of limits." Is that normal? I guess overall its a $2.5k increase so I shouldn't complain, but my initial excitement is certainly tempered now. Thoughts / advice?

Message 1 of 15
14 REPLIES 14
imaximous
Valued Contributor

Re: Amex Delta Reserve approved! but...

Congrats on the approval despite the credit reallocation!

 

Unless there's a reason for you to keep the Gold card, I'd just move its limit to Reserve and cancel Gold.

Message 2 of 15
gdale6
Moderator Emeritus

Re: Amex Delta Reserve approved! but...

Grats on your new Delta reserve card Smiley Happy

 

Its a known practice with Amex, you have hit the limit of credit they will extend so they just moved limit from something else you have with them.

Message 3 of 15
PapaTunde
Established Contributor

Re: Amex Delta Reserve approved! but...

Congrats on your approval

All Fico9 835+ or there abouts

These violent delights have violent ends
Message 4 of 15
PapaTunde
Established Contributor

Re: Amex Delta Reserve approved! but...


@imaximous wrote:

Congrats on the approval despite the credit reallocation!

 

Unless there's a reason for you to keep the Gold card, I'd just move its limit to Reserve and cancel Gold.


yup

All Fico9 835+ or there abouts

These violent delights have violent ends
Message 5 of 15
GatorGuy
Valued Contributor

Re: Amex Delta Reserve approved! but...

Congrats on your approval.

 

What is your total Amex exposure? As stated, if they are reallocating your CL you are tapped out for your current income.

Message 6 of 15
RockyTop_TN
New Contributor

Re: Amex Delta Reserve approved! but...


@GatorGuy wrote:

Congrats on your approval.

 

What is your total Amex exposure? As stated, if they are reallocating your CL you are tapped out for your current income.

 

Doyou happen to know the income to credit limits ratios for Amex?


 


Message 7 of 15
babygirl1256
Senior Contributor

Re: Amex Delta Reserve approved! but...

Congrats on your Amex Delta Reserve approval . . . I read on another post where Amex approved a new card but reduced the limit on another product. Interesting!!! Smiley Wink

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 8 of 15
KingRue8500
Senior Contributor

Re: Amex Delta Reserve approved! but...

Congrats on your AMEX Delta Reserve approval




Message 9 of 15
time2shine
Member

Re: Amex Delta Reserve approved! but...

imaximous, I think winding down use of the Amex Gold makes a lot of sense.

 

Before the Reserve approval, it had been 3.5 years since my last credit card application. I've had my eye on a particular card though, and decided last night, that if I could get that card, it would be a good transition to let the Gold rest.

 

For details, please see my forthcoming Captial One Savor thread...

Message 10 of 15
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