We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
AMEX balance transfer limit
minisaver
Posts: 22 Forumite
in Credit cards
Hi there,
I am currently looking to shift some of my debt onto my AMEX card and make best use of the low rate. My limit is £5600 and my current balance is £1900. Can I go right up to my credit limit with another balance transfer or will AMEX only allow a certain percentage of the credit limit to be used up with balance transfers?
Thanks in advance!
Minisaver
I am currently looking to shift some of my debt onto my AMEX card and make best use of the low rate. My limit is £5600 and my current balance is £1900. Can I go right up to my credit limit with another balance transfer or will AMEX only allow a certain percentage of the credit limit to be used up with balance transfers?
Thanks in advance!
Minisaver
0
Comments
-
i believe Amex will let you go up to just below the full limit, they wont let you "max it out" on a balance transfer as when the next lot of interest is charged it may take you over the limit, if they dont tell you this it is still something to keep in mind as the charges for going over your limit will probably be high.Copy from one, it’s plagiarism; copy from two, it’s research.0
-
All depends really, I have 2 cards.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards