Transfer credit limit to other Amex cards?
Aug 9, 2010, 11:35 am
#1
Original Poster
Join Date: Jan 2010
Location: BOS
Posts: 102
Transfer credit limit to other Amex cards?
Sorry if this is a little OT, but does anyone know whether it's possible to transfer a credit limit from one Amex card to another? I remember reading somewhere (recently) that it's possible, but when I called the CSR claimed they ended that policy a couple years ago. I ask because I have an old Blue card with a $30,000 limit, while my brand new SPG card has only a $2,000 limit (thanks credit crunch). I don't see any reason why they wouldn't do it (other than they want to help prevent old cards with huge limits from being utilized in this credit environment), but I wanted to hear others' experiences before I call back and ask for a supervisor.
Aug 9, 2010, 11:43 am
#2
Join Date: Nov 2006
Location: Tulsa, OK
Programs: HHonors Diamond, SPG Gold
Posts: 306
That's the answer I get. Used to be able to do it online. I used to transfer my limit between a Hilton and SPG card. Got caught with most of my credit on the Hilton card when they stopped the practice. Couldn't do anything about it.
Aug 9, 2010, 2:11 pm
#3
Join Date: Mar 2006
Location: ORD-AMS
Programs: Hilton Diamond; Amex Plat; AA-United-KLM
Posts: 245
as noted; they stopped doing online, do-it-yourself, CL transfers around the end of 2008 or somewhere in that timeframe. There are threads about this. If you know the correct number to call or correct person to speak to you can still have it done, but otherwise you're sol.
Aug 9, 2010, 2:43 pm
#4
Join Date: Jan 2008
Location: Georgia
Programs: DL DM/2MM
Posts: 1,037
Yes, the policy was changed to disallow transferring credit balances. I have, however, applied for a credit line increase to one of my cards, been denied for the increase, but allowed to make a one-time credit line transfer from another card to the card for which I wanted the credit line increase. So in my experience, underwriting can do it.
Aug 9, 2010, 6:07 pm
#5
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
Aug 10, 2010, 12:14 am
#6
Join Date: May 2000
Location: Houston, TX, USA
Programs: UA 1K, AA Lifetime Platinum, DL Platinum, Honors Diamond, Bonvoy Titanium, Hertz Platinum
Posts: 7,970
So, you think that available credit, rather than actual balances owed, have been securitized and sold in the past?
Aug 10, 2010, 1:39 pm
#7
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
Yes, in my understanding revolving credit lines are bundled and securitized. See this post with link to FDIC document:
http://www.flyertalk.com/forum/11902408-post1129.html
http://www.flyertalk.com/forum/11902408-post1129.html