How To Transfer Credit Limits Between American Express Cards

American Express Business Cash Credit CardAfter opening a new Amex Business Cash credit card recently, I noticed American Express took the credit from one of my other cards for the new card’s credit limit. While you can always request a credit increase, maybe you are like me and don’t need more credit.

Luckily, you can easily reallocate credit lines between your Amex cards. Here is how to do it online or by phone.

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How Many Credit Cards Should I Have?

Optimal Number of Credit CardsThere are so many different kinds of credit cards available right now it’s nuts. There are credit cards for people with bad credit. There are credit cards that offer a percentage cash back for each dollar you charge to them. Other cards that lets you rack up airline miles towards free travel.

This brings up a couple questions most people have. How many credit cards should I have? How many credit cards are too many?

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Are Credit Card Balance Transfers A Smart Idea?

Get Out of Debt with a Balance TransferAre you sinking further into credit card debt and trying to keep your head above water? High-interest credit cards and personal loans can make getting ahead of your debt situation seem almost impossible.

A balance transfer could be the lifeline that you need to improve your finances. But transferring a balance can also turn that lifeline into an anchor that could get you into more trouble. Before you think about doing a credit card balance transfer, here is what you need to know.

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How To Cancel A Chase Credit Card

Cancel Chase Credit CardJPMorgan Chase is the second largest card issuer of credit cards in the U.S. with over 80 million cardholders and $131 billion in outstanding credit card loans. In recent years, the Chase Sapphire Preferred and Reserved cards have been extremely popular with bonus points chasers and many card-enthusiasts thanks to 2x and 3x points on travel and dining and no foreign transaction fees. Those cards however have an annual fee, which in the case of the Chase Sapphire Reserved is a hefty $450.

If you have a Chase credit card and want to lighten the load on your wallet, both literally and figuratively with the Sapphire cards, follow these instructions on how to cancel your card online, by phone, or mail.

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How To Cancel A Capital One Credit Card

Cancel Capital One CardCapital One is the third largest credit card issuer in the United States so when their commercials ask “What’s In Your Wallet”, if you don’t have a Chase or Citi credit card, you probably have a Capital One.

I have their Quicksilver rewards card, which was a decent 1.5% cashback card at the time until it was surpassed by Citi’s Double Cash card. What makes Capital One’s cards still worth keeping even now though is their no foreign transaction fees if you travel internationally. But what if you have better rewards cards you’d rather carry in your wallet and you want to cancel your Capital One credit card.

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How To Cancel A Citi Credit Card

Cancel Citi CardAre you thinking of closing a Citi credit card? Maybe you’ve taken advantage of some of the lucrative American Airline bonus miles that Citi was offering with the Aavantage Executive card and now you are facing a big annual fee for the next year. Or maybe you have too many cards in your wallet that your back is starting to hurt and you want to lighten the load.

Whatever your reason is for deciding to cancel your card, it does not have to be a hassle.

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How To Cancel An American Express Card

Canceling An Amex CardWhile American Express credit and charge cards come with a lot of impressive member benefits, sometimes cardholders decide to cancel their cards. It may be because they no longer use the card regularly or they do not want to continue paying the annual fee, which on American Express cards are higher than many other issuers.

If you wish to cancel your Amex card, follow these easy steps on how to cancel your card.

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