Happy to have found this forum. Long time lurker and recent registrant.
I pulled the trigger last Friday for the Delta Gold AMEX card and was not instantly approved, but was told 24hrs later "Congratulations & welcome to American Express!"
I don't have the best credit due to some mishaps in the past. I've had no issues leasing vehicles and have never been late on any payments.
Currently I have two "secured" credit cards
1. HSBC HouseHold Bank Master Card (horrible) $200 limit since 2006 and NO credit limit increases
2. Continental Finance Master Card since 2006 ($10 per month fee) $1,075 limit and gradual credit increases since 2006.
Should I cancel and would it look bad on my credit history? I'm looking to stay with Amex for a long time and going to be using that card probably 85% of the time. It urks me that one of my Master Cards cost me ($120) a year to help rebuild credit.