- Centurion Member
- Posts: 1099
- Joined: Sun May 04, 2014 4:41 pm
- Location: Atlanta, GA
rockyrock wrote:I just did this when I closed my SPG, and it is just like you state but for some reason they decided only to shift $8300 of the $9k to my BCP. That pushed my BCP well over $25k so it isn't an issue but I couldn't figure out why they wouldn't move it all...
The big thing to remember here is to make sure you open the new card first and have it in your possession. Once you have it you can call and ask them to shift your available credit to the desired card and close the old one.
The only time I would deviate from this method is if you need to shift some credit around to have the new card approved. I have heard of this with other lenders like Chase and Citi but not Amex. That isn't to say it doesn't happen.
Yeah. Delta card has been great and what me into Amex in the first place especially noticing with how many people at the time on MyFico had been able to get their foot in the door easily but I think I'm ready to go ahead and just end up with one Amex revolver again, especially considering how much better the terms are with my EveryDay card and since that was basically the card I had wanted to end up having the most.
0 APR for 15 months and after that, 12.99% according to the disclosures they sent me. To contrast, my Delta card has an APR of 19.24%. Plus one less annual fee to worry about in the long term so I think the decision would hold a lot of advantages for me that I didn't really realize before.
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