Reply
New Member
Posts: 2
Registered: ‎10-29-2007
0

Credit Card Company cancelled my card

I have been having my Amex Card for 5 years. They cancelled my card without notifying me. Can they do it? This is one of the first cards i opened. Is there anything i can do to re activate this?
Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

Re: Credit Card Company cancelled my card

some companies will eventually close a card if it's not used , I've never wantted an AMEX, but I've rumors that some people reporting that when they got a new card after having a closed one that they baxk dated the open date to that of the orignal account, I want to stress this is just a rumor I've heard.
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Super Contributor
Posts: 8,172
Registered: ‎03-25-2007
0

Re: Credit Card Company cancelled my card

[ Edited ]
Have you used the card regularly?
 
Has something dramatic happened to your Credit Score?
 
Have you called Amex and asked them for an explanation?


Message Edited by MidnightVoice on 12-16-2007 01:27 PM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 5,436
Registered: ‎03-10-2007
0

Re: Credit Card Company cancelled my card

If you have been using your Amex, how were your payments?  Were you making mins?  Did you app for a few lately?
New Member
Posts: 2
Registered: ‎10-29-2007
0

Re: Credit Card Company cancelled my card

I have been using it regularly. In fact my score watch was purchased with that card. I regularly use it , i just did a balance transfer to a new card. I never missed a payment on it, i have just finished paying off the balance. The explanation they gave me was that i had delinquencies on other cards. But that was like 3 yrs ago. So i am completely clueless.
Established Contributor
Posts: 844
Registered: ‎09-23-2007
0

Re: Credit Card Company cancelled my card



kmantrav wrote:
I have been using it regularly. In fact my score watch was purchased with that card. I regularly use it , i just did a balance transfer to a new card. I never missed a payment on it, i have just finished paying off the balance. The explanation they gave me was that i had delinquencies on other cards. But that was like 3 yrs ago. So i am completely clueless.




How odd...

I've had a cc closed by the CCC before, but only because i forgot i had it and didn't use it for 24 months...could it have to with a change in your CR possibly? Sorry again to hear this happened...
__________________________________________________
Time to clean house and get rid of CCs from bad CCCs. Opt'd Out and Paying off the Balance: BofA. Closed: Chase Freedom. Keeping: Amex Blue, Amex Costco Cash back, Citi Forward, USAA MC, USAA Amex, and PenFed Platinum Cash Back. Next up for review: Chase Sapphire...
Moderator Emeritus
Posts: 5,436
Registered: ‎03-10-2007
0

Re: Credit Card Company cancelled my card

Chalk anothr one up to Amex weirdness.  By chance are both balances showing from your recent BT?  The balance on he old card and the new one? I only ask cause it could look like high utilization though temporary.
Valued Contributor
Posts: 1,694
Registered: ‎08-07-2007
0

Re: Credit Card Company cancelled my card



kmantrav wrote:
I have been using it regularly. In fact my score watch was purchased with that card. I regularly use it , i just did a balance transfer to a new card. I never missed a payment on it, i have just finished paying off the balance. The explanation they gave me was that i had delinquencies on other cards. But that was like 3 yrs ago. So i am completely clueless.

Call them and recon. Are you sure it is closed rather than suspended? I have heard of suspensions and freezes on this board, but only closures (this is through other CCC's) when there is no inactivity.
 
Let us know.
 
Was the BT to another card making it appear maxed out?

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.