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AMERICANEXPRESS LOWER MY C/L , WHAT SHOULD I DO ?

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Frequent Contributor

AMERICANEXPRESS LOWER MY C/L , WHAT SHOULD I DO ?

COUPLE MONTH AGO I MAX OUT ALL MY CREDIT ,BUT I ALWAY PAID ON TIME AND FIRST DAY OF THE BILL.I PAID MORE THAN WHAT EVER THEY ASK FOR , TODAY I PIF ONE CARD FROM AMERICAN EXPRESS , AND THEY SEND EMAIL FOR ME , THEY SAY THEY ARE LOWER MY C/L DOWN $500.00.I REALLY DON'T NEEDS THEM MUCH , CAN I CLOSE THEM , OR WHAT CAN I DO ? , THANKS ALL . HAVE A NICE DAY .

 

TransUnionDate: 12/31/2008
(over 1 month old) EquifaxDate: 1/23/2009
ExperianDate: 1/23/2009
Message 1 of 3
2 REPLIES
Contributor

Re: AMERICANEXPRESS LOWER MY C/L , WHAT SHOULD I DO ?


dangphuocloc72 wrote:

COUPLE MONTH AGO I MAX OUT ALL MY CREDIT ,BUT I ALWAY PAID ON TIME AND FIRST DAY OF THE BILL.I PAID MORE THAN WHAT EVER THEY ASK FOR , TODAY I PIF ONE CARD FROM AMERICAN EXPRESS , AND THEY SEND EMAIL FOR ME , THEY SAY THEY ARE LOWER MY C/L DOWN $500.00.I REALLY DON'T NEEDS THEM MUCH , CAN I CLOSE THEM , OR WHAT CAN I DO ? , THANKS ALL . HAVE A NICE DAY .


Hi Loc,

Cancel it might hurt your credit more than helping. If it has AF, PC to card w/o AF.

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In 1900, if a father put a roof over his family's head, he was a success.
Today, it takes a roof, deck, pool, and 4-car garage. And that's just the vacation home.
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Message 2 of 3
Valued Contributor

Re: AMERICANEXPRESS LOWER MY C/L , WHAT SHOULD I DO ?

Hi Loc

 

Go to my signature and open helpful links. In it is the closing credit cards thread.

 

Read that thread

 

This will give you a good inclination as to weather you should close the card or not.

 

If there is no AF, i would keep it open.

 

Hope this helps

Message 3 of 3