TheSwarm wrote:When I open the ED card in early 2015, I plan on asking AMEX if they can transfer the credit limit as much as possible from the BCE to the ED. Then close the BCE.
I'm hoping this will keep a decent credit limit and also keep me as a Member since 13?
I am going for convenience and trying to get a couple high limit cards that I will actually use. Some of my cards were just ones I signed up for to get established.
It will keep you as a member since 2013 as far as the date the card was opened. That will boost your FICO. You can look around this site for old threads, and you will find Amex is quite flexible in letting people keep (or earn back) member since dates. You're well into the 'safe area' for keeping your member since 2013 date.
There will not be any payment info on your report for the ED account until you actually open it in 2015. I suppose it will technically look like you opened a card in 2013 but didn't use it until 2015. Someone giving you a major loan like a car or mortgage will probably treat it as a 2015 account, but some credit cards might treat it as a 2013 account.
Because the Amex website makes it so easy to switch from viewing one card account to another, in your situation, I would keep the BCE and just make small purchases on it. If it was with an issuer you had no other business with, and it would be a real hassle to check on it often, then I would suggest you close it.
But the BCE is your oldest currently-open account, it will be easy to monitor at the same time as your other Amex cards, and it has no AF, so I'd keep it open.