- Centurion Member
- Posts: 4046
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
You're right that the inquiry is pretty trivial, but your AAoA will suffer now and in the future. When one closed account has a history of only one month, it slows down the rate at which your AAoA will grow.
Say you have 3 other cards, and they have an average account age of about 1 year. Right now, your AAoA would be just over 9 months.
A year from now, your AAoA won't be 1 year, 9 months. It will be just over 1 year, 6 months.
In the same way, 2 years from now, your AAoA will be just over 2.25 years.
Eventually, the Amex Green will fall off and your AAoA will just consider the 3 open cards, giving it a boost.
I'm assuming that this is your first Amex, for you to be so unfamiliar with their cards.
One positive, though, is that you at least can establish backdating if you get other Amex cards in the future. That will give you a boost to your FICO.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech