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Relocation of CL between Amex cards

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Janneman
Established Contributor

Relocation of CL between Amex cards

I have 3 Amex cards that I hardly use...Is it possible to relocate entire CL from them to others and then close them out?? 2 personal cards and one business.

Message 1 of 6
5 REPLIES 5
Adkins
Legendary Contributor

Re: Relocation of CL between Amex cards

You can't combine business and personal credit card limits together. 


Last HP 08-07-2023



Message 2 of 6
Janneman
Established Contributor

Re: Relocation of CL between Amex cards


@Adkins wrote:

You can't combine business and personal credit card limits together. 


Thanks...but I read somewhere that between personal to personal, and from personal to business is ok, but not from business to personal....

Message 3 of 6
Adkins
Legendary Contributor

Re: Relocation of CL between Amex cards

The donor card usually has to have a minimum amount left on it even after you transfer the amount to the card you want. (Usually $500-$1K, depending on the cards' minimum credit line.)

 

https://ficoforums.myfico.com/t5/Credit-Cards/Will-Amex-combine-accounts/td-p/6385161

 


Last HP 08-07-2023



Message 4 of 6
coldfusion
Community Leader
Mega Contributor

Re: Relocation of CL between Amex cards


@Janneman wrote:

@Adkins wrote:

You can't combine business and personal credit card limits together. 


Thanks...but I read somewhere that between personal to personal, and from personal to business is ok, but not from business to personal....


Correct.  You cannot reallocate limit from a business card to a personal card but the other permutations are supported.

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Message 5 of 6
NoHardLimits
Established Contributor

Re: Relocation of CL between Amex cards


@coldfusion wrote:

@Janneman wrote:

@Adkins wrote:

You can't combine business and personal credit card limits together. 


Thanks...but I read somewhere that between personal to personal, and from personal to business is ok, but not from business to personal....


Correct.  You cannot reallocate limit from a business card to a personal card but the other permutations are supported.


Yes, this is still the case.  I recently closed a business card and was not allowed to move the limit to a personal card.  Some of the limit on that business card originally came from a personal card.

 

Just something to be aware of...  if you try to reallocate your limits using the website tool, it may give you slightly erroneous information.  There is a known bug where the website will say you need to leave at least $500 on the donor card, when you actually need to leave more behind (like $1000).  You'll receive an error message saying something like you will receive a letter in 7-10 days with an explanation.  Just try the request again, but leave $1000 behind and see if that goes through.

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Message 6 of 6
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