OneWheelWonder wrote:I can't seem to find an answer for my dilemma. The other week I applied for the amex gold card and was approved, I should be receiving the card this week. I currently have an amex blue card. Now I only want to have 1 American Express card. Will canceling the blue card and keeping the gold hurt my credit if technically I'm still with amex?
Amex Blue has a credit line that reports to the bureaus. So closing it could effect your debt-to-credit ratio if you do not have enough available credit on your other cards. Otherwise, closing the account should not have any negative effects on your FICO score.