- Centurion Member
- Posts: 797
- Joined: Tue Oct 02, 2012 3:25 pm
- Location: Texas
I don't think you made a mistake at all. Remember, Amex is a business, and if they started closing down everyone's cards for no reason, they'd be voluntarily cutting their profits. Use their cards to your advantage and enjoy the benefits, pay on time, and don't worry about it. They aren't going to close your cards when your score drops a little due to house shopping. Their computers will see it because they soft pull everyone all the time, but when it comes to credit lines they are pretty liberal, so I understand why they do. Also, they don't expect you to spend close to 10K and won't close your card if your card has a low balance and is paid in full every month. At the end of the day, as long as they get paid on time, you should be just fine.
I don't suggest that you close the cards. Whether you cancel the cards or they cancel the cards won't make a big difference as far as your credit score is concerned. Let's say they were to close the cards and report them as closed and "paid as agreed," you'd be fine. "Paid as agreed" is what really matters. If you're using the cards at least a little every month and paying on time, you have nothing to worry about.
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K