AMEX strategy for multiple revolvers

[funkiehouse]

I currently have:

 

BCE

PRG

HHonors Surpass

 

I was wanting to upgrade my BCE to BCP.

 

You can upgrade from the BCE to the BCP (per an Amex rep I spoke to after opening the BCE) after having the BCE for a year with no pull.

 

I was thinking to max the situation I would transfer as much of the CL as I can to my Hilton card, instead of just transferring the CL directly to the BCP, and then call back and then close the BCE. Then go online and apply for the BCP and get a new CL and do a 2-for-1 and get the no fee Everyday card.

 

Anyone see any flaws in this or see a better way to max the benefits?

[mendelssohn]

If you are going to apply for a BCP, move ALL of the CL from the card you are going to close to the Hilton card.

 

I don't believe you can do the 2 for 1 with 2 revolvers.

[shifter]

It's been done before.

[raul602]

what is 2 for 1?

[RussInGotham]

what is 2 for 1?

 

Applying for two cards in one day from one bank so that you only take one hard pull on a credit report.

[mendelssohn]

2 cards for 1 pull.

 

It is very common when it's charge + revolver and as shifter points out, it can happen with 2 revolvers.

[funkiehouse]

I was thinking since I am an existing customer that I could probably get away with the 2-f-1 revolvers. I might call to app for the Everyday card just to make sure.

[funkiehouse]

So I did a credit reallocation by chat and they said I would get a decision in 7-10 days. Is this normal? Thought it would be instant.

[mendelssohn]

Is the donor more than a year old?

[funkiehouse]

Is the donor more than a year old?

 

Oh you know what, it was opened in Feb so maybe that' s why.

[funkiehouse]

I requested to leave $2k on the donor card. It would take my older card to $14.9k if approved.

[mendelssohn]

 

 

Is the donor more than a year old?

Oh you know what, it was opened in Feb so maybe that' s why.

It will be denied because the donor card is less than a year old.

[cv91915]

One year of age won't cut it.

 

Donor card must have had 13 closed statements. I've lived this dream.

[funkiehouse]

Yeah, I should have transferred it the other way around but it didn't even hit me. That's okay, its not urgent at this point and I can wait.

[cv91915]

So I did a credit reallocation by chat and they said I would get a decision in 7-10 days. Is this normal? Thought it would be instant.

It's really lame that a CSR can out in a request for something that has no chance of approval.

 

The last time I called in and made the request, the CSR was confident about the one-year timeframe and put in my request.

 

I asked her to double check before we hung up. After putting me on hold for a couple of minutes she came back and apologized... thirteen statements is the requirement.

 

I got a denial letter in the mail a week later.

[shifter]

One year of age won't cut it.

 

Donor card must have had 13 closed statements. I've lived this dream.

Only 2 more months for me!

[funkiehouse]

Thanks everyone. It totally slipped my mind. I'm sure I will get some mail in a few days.

 

One year of age won't cut it.

Donor card must have had 13 closed statements. I've lived this dream.

Only 2 more months for me!

 

 

Me too

[cv91915]

 

One year of age won't cut it.

 

Donor card must have had 13 closed statements. I've lived this dream.

Only 2 more months for me!

 

 

My 13th Sourpuss statement closes tomorrow... finally.

[mendelssohn]

Do they refund the prorated AF?

[cv91915]

Do they refund the prorated AF?

 

Yes.

[DevilsOwnLuck]

Would this work the other way round, BCP to BCE? Or better yet, BCP to Everyday to park MR from PRG? Are we still talking pull here or a softie? If 13 months required?,?, I would presume the AF would be prorated in this scenario as well.

[mendelssohn]

Would this work the other way round, BCP to BCE? Or better yet, BCP to Everyday to park MR from PRG? Are we still talking pull here or a softie? If 13 months required?,?, I would presume the AF would be prorated in this scenario as well.

Most of that was answered above.

 

The donor card must has 13 closed statements.

 

Yes, they will prorate the AF.

[DevilsOwnLuck]

 

Would this work the other way round, BCP to BCE? Or better yet, BCP to Everyday to park MR from PRG? Are we still talking pull here or a softie? If 13 months required?,?, I would presume the AF would be prorated in this scenario as well.

Most of that was answered above.

 

The donor card must has 13 closed statements.

 

Yes, they will prorate the AF.

 

 

 

I thought so but FH was talking about no AF to AF BC. Just wanted to clear the air on the vis a vis.

[cv91915]

 

 

Would this work the other way round, BCP to BCE? Or better yet, BCP to Everyday to park MR from PRG? Are we still talking pull here or a softie? If 13 months required?,?, I would presume the AF would be prorated in this scenario as well.

Most of that was answered above.

 

The donor card must has 13 closed statements.

 

Yes, they will prorate the AF.

 

 

 

I thought so but FH was talking about no AF to AF BC. Just wanted to clear the air on the vis a vis.

 

 

My comments about 13 statements on the donor card are related to moving the credit line from one card to another.

 

As long as there is D* I don't plan to do a product change with Amex, which I think is the nature of your inquiry... I'd rather open a new card for the extra account age than PC an existing card.

 

I don't know their PC requirements.

Edited December 11, 2014 by cv91915