American Express Credit Card Reallocation

Guest: MattK82
Post subject: American Express Credit Card Reallocation
Posted: Mon Apr 24, 2006 10:04 am

From reading on this board. I beleive mouse said that the way he got such high limits was to open a new amex account and then reallocate and then close the account... Rinse wash and repeat.

I was just wondering how often you did this?
Whether I should close the new account immediatly or what I should do?

I had a 16k amex skymiles care
just got a 10k blue account
reallocated to 25k on the skymile and 1k on the blue card.

Do I close now? wait 6 months? leave it open? or whats the story?

Thanks for your help!

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Mon Apr 24, 2006 12:03 pm

Quote:

"MattK82"
From reading on this board. I beleive mouse said that the way he got such high limits was to open a new amex account and then reallocate and then close the account... Rinse wash and repeat.

I was just wondering how often you did this?
Whether I should close the new account immediatly or what I should do?

I had a 16k amex skymiles care
just got a 10k blue account
reallocated to 25k on the skymile and 1k on the blue card.

Do I close now? wait 6 months? leave it open? or whats the story?

Thanks for your help!

"IF" you want to close it just call the number on the back of the card

1-888-BLUE-741

Don't forget to request that last $1,000 be moved to another AMEX account

This will take like a week to happen

The closed account should say closed tonight like 11pm or MIDNIGHT NYC TIME

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---