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There are some great tips hidden in plain sight when it comes to managing your credit card portfolio. I recently reviewed my travel plans for the rest of the year and saw I was going to be roughly 10,000 Delta Medallion Qualifying Miles short of regaining Platinum Medallion status for 2019. I have the Platinum Delta SkyMiles® Credit Card from American Express, which will give me 10,000 bonus MQMs if I spend $25,000 on the card in a calendar year. I decided to shift all of my spend to the card for the foreseeable future in order to qualify for that bonus.

I have a few events I’m hosting coming up, with expenses I can put on my Delta card and be reimbursed by ticket sales. The problem is my credit limit of $10,000 on the card wasn’t going to be able to hold the large expenses over the next couple weeks; I needed to raise my credit line.

You can always go on your “account services” tab at AmericanExpress.com and request a credit line increase. However, that may be another inquiry on your credit report and, in my case, I don’t want American Express to give me any more credit. Instead, I opted to reallocate credit between my personal American Express cards. Here’s how to do it:

  1. Log in to your Amex account.
  2. Head to this link.
  3. Fill out the form by selecting the card you want to transfer credit limit from and select the card you want to transfer the credit limit towards. Enter the amount of the credit you want to transfer. Amex will pre-populate the limits of what you’re allowed to move.

I decided to move $10,000 from my Starwood Preferred Guest personal card to my Platinum Delta Amex. The SPG card lost 33% of its non-bonus earning power in August, and I don’t foresee using the card much anymore. After I submitted the form I got an instant approval message which said to wait 15 minutes for the new limits to show, but they ended up showing instantly.

Some other good information to know when trying to transfer credit lines:

  • You can transfer from personal to personal card, business to business card, and personal to business card. You cannot transfer from business to personal.
  • There may be time limits associated with how old a card has to be in order to transfer from or to it and how often you can transfer credit. If you get an error message after submitting the form you may have run up against these limits, which I could not get a phone agent to define.
  • There is no hard or soft credit pull for transferring credit lines.
  • The cards you want to transfer between must be in the same online profile.

This is a really handy online tool Amex has maintained which I’m sure doesn’t get utilized as much as it should. If you need to move credit lines around, make sure to avoid the phone and chat and get it done instantly.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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