Amex ED approved, but with low BT limit

[FlaDude]

I have a couple of cards with 0% BT promos expiring soon, so applied for the Amex ED card to BT those balances to. First the good news, they instantly approved me for $19.3k. This will take my total UTI from 11 to 9%, so that should give a little score boost. The less good news is that they are only allowing $5k for BTs. Is this common to limit BTs to just over 25% of the CL? I was hoping to BT around 7500. A couple of my Chase cards are offering 0% I could use in a pinch, but they have 3-4% transfer fees, the ED doesn't have a transfer fee.

Anyone have any experience with calling to see if they would allow a higher BT amount than offered?

[19eighty5]

Congratulations on your approval! Sorry to hear about the low BT amount.

[Meanmchine]

Congrats on your new card

Im kinda surprised you they gave you such a high limit unless you have other Amex accounts

[CreditInspired]

Congrats OP on the nice SL.

I’m kind of surprised too about the BT limit. I thought whatever the CL was is the amount you could BT (not that you should), but is this incorrect? Can someone answer? Thanks

[FlaDude]

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Im kinda surprised you they gave you such a high limit unless you have other Amex accounts

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I've been a member since 94, I have a Gold card, Green card, and Blue card with a 30k CL, and even had a plat card for years, but downgraded it when my work travel level slowed down. I did have 2 or 3 30 day lates, but that was over 10 years ago, so I was expecting a decent limit. I went ahead and intiated 5k of transfers, I'll give them a call after those go through and see if they'll bump the BT limit.

[FlaDude]

I’m kind of surprised too about the BT limit. I thought whatever the CL was is the amount you could BT (not that you should), but is this incorrect? Can someone answer? Thanks

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I thought I had read at one point that Amex ED BTs could not exceed 75% of your CL, but I can't find that in the T&Cs on the Amex site. I did find this info from CompareCards (posted a year ago) that says that Amex limits to the lesser of 75% of CL or $7500:

https://www.comparecards.com/blog/how-to-balance-transfer-with-american-express/

7500 would be fine with me, that's all I really want to transfer. I'll give them a call after I get my card and the inital transfers go through.

[Priory_Man]

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@FlaDude wrote:

I’m kind of surprised too about the BT limit. I thought whatever the CL was is the amount you could BT (not that you should), but is this incorrect? Can someone answer? Thanks

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I thought I had read at one point that Amex ED BTs could not exceed 75% of your CL, but I can't find that in the T&Cs on the Amex site. I did find this info from CompareCards (posted a year ago) that says that Amex limits to the lesser of 75% of CL or $7500:

https://www.comparecards.com/blog/how-to-balance-transfer-with-american-express/

7500 would be fine with me, that's all I really want to transfer. I'll give them a call after I get my card and the inital transfers go through.

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I have a 10k SL on my card and the BT amount is not to exceed 5k, it does say though that it can change in the wording below, which mine has done, when I first got the card it offered the chance to BT up to 7.4k.

Not sure what determines the amount you can move over,  balance is not taken into consideration as this one is PIF the same day any balance posts.

TBH, not something I pay attention to becuase I have nothing to move to it anyway.

[CreditInspired]

Thanks for the link @fladude. It was a big help.