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Will Balance transfer hurt my score?
My old card is an American Express / Delta Airlines Card that I have a debt of $839.00 on it with a $9100.00 credit limit Now I have a Chase Freedom card that they gave me a $6000.00 line and gave me 15 monts 0% APR and only 3% balance transfer fee. The question is. If I transfer the balance from the old to the new, Will I get penalize from the AMEX side? will they lower me the credit line limit beacuse they found out I am switching to a new card? I read in an older post on this comunity that if I do a balance transfer and i dont cancel the old card, it will hurt my credit.

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