Done and Done!

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sat Dec 14, 2013 9:13 pm

Just common sense stuff. They go by last pull so keep utilization low and your nose clean. That's really all I can tell you. They like spend too. You probably know this stuff though.


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sat Dec 14, 2013 9:16 pm

And when I closed my Amex cards, they asked the usual "why" but did not offer to help and just closed them. I don't think they really care why it almost seems like they ask just to buy time for while they are preparing to close.


The answer you give really doesn't matter. I have started telling them "because I want to". It's not like I agonized over the damn thing for weeks and made the painful decision to close my card - it's a piece of plastic, hell your employer doesn't even agonize over downsizing people who have done nothing wrong but the stock price dropped a nickel so they feel they have to cut costs - they just go do it, they don't care. Why should I care any more about closing a card?

User avatar
Snowman
Centurion Member
Centurion Member
 
Posts: 630
Joined: Thu May 10, 2012 10:10 pm
Location: North Los Angeles County

Postby Snowman » Sun Dec 15, 2013 1:32 am

I figured the spend lol...but I have heard of people being denied tho and I don't really like denials..lol. I felt like that was the case to. The rep didn't even bother to convince me to keep it open, he just said "Ok Sir, give me a few minutes", then sent me an email saying it was closed. I put about 2.7k in spend on it, so it wasn't much. Maybe that's why they didn't care so much when I closed it, I needed it for history building with them and got the cards that I actually wanted.

I would have kept, but that darn annual fee was bugging me. I don't think about it twice If I've made a decision, and personally I didn't use it much so I was kind of glad to close it...that's and it's one less card to worry about.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

WS6R6
Platinum Member
Platinum Member
 
Posts: 60
Joined: Tue Sep 25, 2012 11:52 am
Location: Kansas

Postby WS6R6 » Sun Dec 22, 2013 3:17 pm

Congrats dude!
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sun Dec 22, 2013 3:22 pm

By the way, you do realize that you have committed two of the unforgivable sins according to the MyFICO members, right? First you applied for a credit card, and second you closed an Amex. Not just say a First Premiere card, which that alone would at LEAST put you in purgatory, no, you closed an Amex! That's almost as bad as what the Nazis did in terms of a crime against humanity ya know. :D

PallasAthena
Gold Member
Gold Member
 
Posts: 43
Joined: Sun Oct 14, 2012 6:58 pm
Location: USA

Postby PallasAthena » Mon Dec 23, 2013 1:47 pm

MemberSince99 wrote:By the way, you do realize that you have committed two of the unforgivable sins according to the MyFICO members, right? First you applied for a credit card, and second you closed an Amex. Not just say a First Premiere card, which that alone would at LEAST put you in purgatory, no, you closed an Amex! That's almost as bad as what the Nazis did in terms of a crime against humanity ya know. :D


Lol, not sure if the above post is sarcastic or not, but if it is not, then the answer is:
Not really.. whenever you close a CC, your Fico score may take a hit of 5 points.... closing an Amex card is not the end of the world, ya know.
Oct '16
TU: 783, Equifax: 772
Ch 7 BK in '06, finally dropped off in '16
2 mortgages
paid off car
0 CC debt (Disc, Citi, and WF Amex)
furniture debt: $1800
Closed unused CCs, was dinged a few pts, but recovered
I filed for BK in '06 and was in debt over $500K. Never again! You can do it too! :lift:

travisrauh
Centurion Member
Centurion Member
 
Posts: 167
Joined: Sat Aug 17, 2013 1:01 pm
Location: Fort Lauderdale, FL

Postby travisrauh » Mon Dec 23, 2013 1:55 pm

PallasAthena wrote:closing an Amex card is not the end of the world, ya know.


I can't believe my eyes!! ;)
I am an employee of American Express. All posts are those of my own and do not reflect the actions or opinions of AXP. While all efforts are made to ensure accuracy in my posts, for official statements or responses, please consult with @AskAmex on Twitter or dial the number on the back of your card.

daniel2304
Centurion Member
Centurion Member
 
Posts: 198
Joined: Tue Dec 03, 2013 1:53 pm
Location: Dallas

Postby daniel2304 » Mon Dec 23, 2013 2:15 pm

PallasAthena wrote:Lol, not sure if the above post is sarcastic or not, but if it is not, then the answer is:
Not really.. whenever you close a CC, your Fico score may take a hit of 5 points.... closing an Amex card is not the end of the world, ya know.


Really??? You get 5 points reduction for closing a card?
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon Dec 23, 2013 4:09 pm

PallasAthena wrote:Lol, not sure if the above post is sarcastic or not, but if it is not, then the answer is:
Not really.. whenever you close a CC, your Fico score may take a hit of 5 points.... closing an Amex card is not the end of the world, ya know.




It was sarcasm sorry I have to remember not everyone reads the FICO forums :D

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon Dec 23, 2013 4:12 pm

daniel2304 wrote:Really??? You get 5 points reduction for closing a card?



I've closed cards and seen my score go UP. It's really hard to put a hard number on actions because everyone's situation is different.


Likewise I've opened cards and even with the inquiry and the drop in AAoA my score went up also. But certainly there are circumstances under which it would go down. My point is, you just really can't make a blanket statement that will apply to everyone. I mean that is correct it MAY but it also may NOT as well. Just depends.


So I think in the end just do what you feel is best and don't worry about it unless you are in the market for a mortgage or auto loan or some other form of credit. Anything you do can be fixed over time anyway. There are some jobs that require you to have a certain score or you are fired so in that case, I'd make an exception. Otherwise, do what you wanna do.



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 1 guest