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Cancellation of Platinum AMEX Card

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Anonymous
Not applicable

Cancellation of Platinum AMEX Card

I'm currently am an AMEX Platinum card holder and am contemplating cancelling my card this year.  Can someone inform me of the potential impact on my credit score if I cancel this card if the balance is $0?  Note:  my card has no pre-set spending limit and my current FICO score is in the mid 700 range.

Message 1 of 6
5 REPLIES 5
drkaje
Senior Contributor

Re: Cancellation of Platinum AMEX Card

Your score shouldn't be affected at all.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 2 of 6
Repo-ed
Senior Contributor

Re: Cancellation of Platinum AMEX Card

Mind saying why you would like to CX the card?  Want to go for something more elusive?

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 3 of 6
911gt34life
Frequent Contributor

Re: Cancellation of Platinum AMEX Card

Welcome to Forum,

 

if you plan to close your account check out Closing Credit Cards 

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Message 4 of 6
Anonymous
Not applicable

Re: Cancellation of Platinum AMEX Card

Should have small impact if any.

Message 5 of 6
CS800
Super Contributor

Re: Cancellation of Platinum AMEX Card

Since the Plat doesnt have a CL, it wont affect you score at all since the card will report report for up to 10 year and this should not affect your AAoA either.




Message 6 of 6
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