Carrying a balance on Amex at 0%

[Creditdreamer]

I recently had a lovely financial review with Amex. Had some reduced limits on my charge cards (3100 and 5000). My Hilton Honors amex stayed at the same $5000 limit. Right now I have 0% on the card as I opened it in August. I have a Hilton timeshare loan that I'm paying 16.99% interest on. If I put the whole thing on the card (its payable with the Hilton Honors card), I could pay it off by August but in the mean time be at 0%. However, I get nervous carrying a balance on the HHonors card given my recent FR with Amex. I always pay every card off every month and never carry a balance with Amex. So is it worth it to pay it off to take advantage of the 0%? Or too risky?

[FinStar]

What triggered your FR in the first place?

[Creditdreamer]

---

@FinStar wrote:
What triggered your FR in the first place?

---

Spending almost $12500 on my BBP within 3 days of opening it.

[FinStar]

Ultimately your decision, but personally I wouldn't carry the BT for that duration on your AmEx revolver.

Likely not much *may* come out of it, but if you were recently out of a FR, I would steer away from being under the microscope, again. Just my 02¢.

[Creditdreamer]

---

@FinStar wrote:
Ultimately your decision, but personally I wouldn't carry the BT for that duration on your AmEx revolver.

Likely not much *may* come out of it, but if you were recently out of a FR, I would steer away from being under the microscope, again. Just my 02¢.

---

Yeahhhh... That's what I was thinking but man saving that 16.99% would be nice...

[HeavenOhio]

How much balance would you like to transfer over?

[Creditdreamer]

---

@HeavenOhio wrote:

How much balance would you like to transfer over?

---

Well it wouldn't technically be a balance transfer. It would be a purchase. The limit is $5000 and I'd probably do $4000 of that.

[FinStar]

Not sure that I would place 80% utilization right after getting out of the FR, especially since they placed a hard limit on the other 2 charge cards, unless you can somehow substantially pay it down in ~3 months, instead of what you envisioned.

[Anonymous]

If you paid it off, I'm not sure why it matters that you charged that much wihin 3 days of opening it. However, your low scores do pose a risk I guess, especially if still carring a balance. 

I'm not sure that you can BT between Amex accounts though, from what I've read. 

[Remedios]

Because there was a lot more to that story than just charging a certain amount. 

OP, I'd thread carefully with Amex  in your case, but that's just me