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This article was last updated Aug 27, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
If you’ve got an American Express (Amex) credit card tucked away in a drawer gathering dust, and another Amex credit card that you use regularly, the issuer offers a perfect solution: Transfer available credit from one card to the other via your online account.
And if you need a higher credit limit on your go-to American Express card, but don’t want to request a credit limit increase, transferring available credit between cards offers an alternative.
We’ll review eligibility requirements and walk you through the process step by step.
- Eligibility to transfer your Amex available credit
- How to transfer your Amex available credit
- Alternatives to transferring your available credit
Eligibility to transfer your Amex available credit
First, you must have at least two American Express credit cards on the same online profile. It’s important that they’re credit cards rather than charge cards, as charge cards have no preset spending limit. Cardholders can transfer available credit between two consumer credit cards, between two business credit cards, or from a consumer credit card to a business one.
Second, discussion from American Express cardholders online indicates that the credit card you wish to transfer available credit from likely needs to be at least 13 months old, and the credit card you wish to transfer available credit to likely needs to be at least two months old.
How to transfer your Amex available credit
Log into your American Express account and click “Account Services” near the top of the screen.
From the menu on the left, select “Payment & Credit Options.”
A menu will appear on the right. From it, select “Transfer Available Credit to Another Card.”
You’ll be taken to a form where you can select which card to transfer credit from and which card to transfer credit to. You won’t be able to transfer your entire credit limit, and the amount you request to transfer must be in increments of $100.
After selecting the “from” and “to” accounts, and filling in the transfer amount, click “Continue.”
Because a higher credit limit on a card you use frequently will lower your utilization on that card, transferring available credit between Amex cards may have the potential to increase your credit score.
Alternatives to transferring your available credit
If you need more spending power with American Express, but don’t want to sacrifice your credit limit on an existing card, you can request a credit limit increase or apply for a new card instead.
Request a credit limit increase
If you’ve had your American Express credit card for more than 60 days, you’ll be able to request a credit limit increase. And while some issuers do a hard pull on your credit when you request an increase, Amex doesn’t, meaning you don’t have to worry about your credit score suffering.
However, note that if denied, you must wait 90 days before you can make another request.
To request a higher credit limit on your American Express credit card, navigate to the same “Payment & Credit Options” screen that you’d go to if you wished to transfer available credit between cards. But once you get there, click “Request Credit Limit Increase” instead.
Apply for a new Amex card
American Express allows consumers to check online if they prequalify for any cards. While prequalification doesn’t guarantee approval, it does indicate that you’ve got a better chance once you apply. Keep in mind when selecting a card that if you choose a charge card, it will have no preset spending limit, which could allow more flexibility. However, if you hope to eventually transfer available credit to or from your new Amex card, it must be a credit card.
There are rules in place regarding how frequently you can get new Amex cards:
- You can’t be approved for more than one card every five days.
- You can’t be approved for more than two cards every 90 days.
And there are rules regarding how many American Express cards you can have too:
- Consumer credit cards are limited to four per person.
- Charge cards are limited to 10 per person.
American Express business credit cards don’t count toward the four-per-person restriction. And while the first rule applies only to cards where you’re the primary cardholder, the second rule applies both when you’re the primary cardholder and when you have a card as an authorized user.
Be aware that if you’re approved for a new credit card, American Express may shift a portion of your credit limit on an existing card over to the new card — particularly if you haven’t been using the old card frequently.
If this happens, you can call the number on the back of your card and tell American Express you want to revert the old card to its previous credit limit. Of course, this will cause the credit limit of your new Amex card to be reduced by the transferred amount.