I did BT'S into AMEX BLUE and then BT'D it out (THEY WERE THE MIDDLEMAN)...FREE BT'S...(THE LAST 7 WERE DENIED)... AFTER REVIEWING YOUR ACCOUNT WE HAVE NOTICED THAT THE CREDIT BALANCE WAS CREATED BY BALANCE TRANSFER CHECKS AND UNNECESSARY PAYMENTS APPLIED TO AN ACCOUNT WAITH A LOW BALANCE. THIS IS AN INAPPROPORIATE USE...NORECOURSE BUT TO CANCEL YOUR ACCOUNT FOR IMPROPER USE. IT IS IN THE SOCK DRAWER!!!!!!!!!!!!!!!!!!!!!! I DARE THEM TO CLOSE IT!!!!!!!!!!!!!!!!
I GOT MY CREDIT BALANCE IT'S GOING IN THE BANK TODAY... IT'S BEHIND ALL THE SOCKS IN THE SOCK DRAWER...NOT IN THE FRONT!!! I MIGHT PRODUCT TRANSFER TO THE DELTA GOLD...BUT THAT WOULD GIVE THEM $85.00 THEY DON'T DESERVE FOR THREATENING ME!!! Or I will just keep it in the sock drawer...(expires 10/04...I will use it for $3.00 for the gas can on 08/01/04)... My luck...they won't do it...THEY WOULD MAKE ME RE-APPLY!!! (HARD!!!)
I have BT'S expiring all the time... DISCOVERCARD gave me 1.90% so I had to have a $0.00 on DISCOVERCARD...I paid it off with AMEX...I only owed say $3,000...then I had to BT the $17,500 @ 1.90% somewhere...so it went to AMEX...I paid off some other cards with it...BUT I still had a CREDIT BALANCE...LONG STORY SHORT...I WAS DENIED ALL 7 BT'S AFTER MY FIRST 9...I guess you can do 9 BT'S in 90 days...WHO KNEW??? I will NOT use AMEX again FOR A LONG TIME unless I get the DELTA GOLD...
AMEX has always been sensitive to any action that they view as turning a non-cash item into cash. I've heard that they will flag a transaction such as a return credit on an AMEX card when the item was not originally purchased on the AMEX account. The idea is to prevent people from returning "merchandise" and getting a refund of a resulting credit balance on an AMEX card. Even though this situation is not exactly the same, because to them a BT from another company is basically cash, so it's cash in cash out, from the standpoint of the account holder they probably view it as the conversion of debt into cash. Is there a clause in the AMEX cardholder agreement that prohibits specific types of BT activity? If not you could appeal to misunderstanding and ask that the account be reopened, especially as you've been a good customer. BT's, teaser and promo rates are funny things, because they all want you to take advantage of them only once, and they get upset if you round-robin them (if they don't actively close your account, the punishment is a score-lowering "too many inquiries.")
In my Amex terms and conditions there is no # of times that one can BT in and BT out from an account. Amex is probably just ticked off because George was not paying them anything to transfer his debt around. They seem to be catching on to this more and more. It will probably come to the day, where you can only BT to a company once...anything to rob us of finding any loopholes in the system. George, I do this a bit, but what were you transferring to do 9 BTs in 90 days? Did all your promotions end at once? Also, I want to know how you got 0% for BT transfers through Amex? Dani
I JUST HAD A CREDIT BALANCE ON AMEX...my AMEX BLUE is 9.99%... Had to pay off 2 NEXTCARD ACCOUNTS (CLOSED) 3 CHASE (closed one) then CHASE GAVE US 0.00% 2 TARGET VISA CARDS (won't use) 2 CAPITAL ONE CARDS (new BT) I'm going to LAY LOW I GUESS??? NO!!! I'M GONNA' HAVE $30,000 SENT TO AMEX BLUE FROM MY MORTGAGE RE-FI!!! J/K
Re: Amex Threatened Me!!!!!!!!!!!!! George, my guess is that AmEx has already cancelled your account. Doc
Re: Amex Threatened Me!!!!!!!!!!!!! NO... They said "IF" it continues...they will...I got tired of typing all the words...and put "..."
AFTER REVIEWING YOUR ACCOUNT WE HAVE NOTICED THAT THE CREDIT BALANCE WAS CREATED BY BALANCE TRANSFER CHECKS AND UNNECESSARY PAYMENTS APPLIED TO AN ACCOUNT WITH A LOW BALANCE. THIS IS AN INAPPROPORIATE USE OF YOUR CARD ACCOUNT AND NOT CONFORMING TO THE CARDMEMBER AGREEMENT. IF THIS PROCESS PERSISTS WE WILL HAVE NORECOURSE BUT TO CANCEL YOUR ACCOUNT FOR IMPROPER USE. I guess I should of NOT left that part out... ME BAD!!!
Re: Amex Threatened Me!!!!!!!!!!!!! Makes sense. I'm kind of tired of typing words too, so decode this: you...think...we...can...read...minds Ok, I feel rested again, so here's the full version including the words I left out due to exhaustion: If you get pushed around by AmEx anymore, I think that we Creditnetters can band together as a group and read the AmEx Terms of Service closely because if we put our minds together we'll surely succeed! Good luck, George! Doc P.S. I trained to be a smartass long before grad school.
Re: Amex Threatened Me!!!!!!!!!!!!! If I do "PRODUCT TRANSFER" to DELTA GOLD...would they do it NO QUESTIONS ASKED...and NO application...NO INQUIRY...since they already said the only way they could approve my last "PRE-APPROVED" click on I did was to transfer some or all of my credit limit to the DELTA GOLD??? PROS... 10,000 miles (BONUS) DOUBLE MILES many places I shop now I fly UNITED AND DELTA CONS... $85.00 AND THEY INSULTED MY INTELLIGENCE... Any opinions??? Call M.O.R.E. or M.C.S. or NEW ACCOUNTS if I do it???
Re: Amex Threatened Me!!!!!!!!!!!!! This would be enough for me to tell them to bug off. But, that is only my opinion. Dani
Re: Amex Threatened Me!!!!!!!!!!!!! GEORGE, They should be able to product transfer you over to Delta no problem. Just call the number on the back of your card and select the option to close your account. Tell them that you'll remain a customer if they transfer you to Delta Gold or Platinum or whatever it is you want. I'm still trying to switch my Optima Platinum to Blue but AMEX is NOT trying to hear me (meaning, "Thanks for calling Ms. MP but no can do").
