Credit Card Forum
  1. #1
    OneWheelWonder
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    Default Approved for Gold and canceling Blue?

    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?
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    Reply With Quote Reply With Quote     Oct 2, 11, 6:51 am
  2. #2
    CC Deville
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    Quote Originally Posted by OneWheelWonder View Post
    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.
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    Reply With Quote Reply With Quote     Oct 2, 11, 11:15 am
  3. #3
    4Runner
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    Answering your doubt, were you thinking to cancel the Blue card when you applied for the Gold? If so, then you have your answer.
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    Reply With Quote Reply With Quote     Oct 2, 11, 4:52 pm
  4. #4
    Pete838
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    Blue and Gold are two totally different products. If you need the option of carrying a balance from month to month then keep the Blue. Gold is due in full every month!
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    Reply With Quote Reply With Quote     Oct 3, 11, 6:05 pm
  5. #5
    zapper_89
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    Quote Originally Posted by Pete838 View Post
    Blue and Gold are two totally different products. If you need the option of carrying a balance from month to month then keep the Blue. Gold is due in full every month!
    Other than the fact that it is a bad idea to carry a balance, Blue is a terrible card to carry a balance on.
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    Reply With Quote Reply With Quote     Oct 5, 11, 1:04 am
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