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Balance Transfer Question

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Anonymous
Not applicable

Balance Transfer Question

Hello All,

 

I have  searched the forum for this answer but have not been able to find a post that could answer my question. My wife has an Amex card that was closed years ago and they keep offering her the program to either pay in full and regain Membership with the Optima Card or settle for less. As of this post  Amex still has the account. My wife has pretty good credit now so she was asking me if it was possible for her to just open a new card and do a balance transfer for her Amex. Is this possible?

 

Thanks!

Message 1 of 3
2 REPLIES 2
pizzadude
Credit Mentor

Re: Balance Transfer Question

I think this would work, assuming that you direct the BT funds to the correct address / account# at AMEX.

 

Another option would be to do a balance transfer to yourself ( i.e. checking account ) and then remit the funds to AMEX.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 3
Anonymous
Not applicable

Re: Balance Transfer Question

Thank you!

Message 3 of 3
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