What to do about Costco card

[JohnWillyson]

So my costco card was my first (and only) Amex. I got it almost exactly a year ago when i started a costco membership. I no longer want to keep my costco membership. This causes a huge problem for me! If I dont renew, I loose my amex account. I love the amex benefits, enhanced rental car protection is awesome and totally worth it. I also will loose the $30 or so cash back I have racked up in the last few months. I have tried several times, but it seems that there is no possible way of product changing this to ANY other amex card, period? Seriously? Is there no hope for me? I just did a small-ish app spree, so I REALLY dont want a new application to get a new amex card... should I just renew costco and after the next cash back round, cancel the card, my membership, and do a new application?

[WhiteCollar]

From what I understand about AMEX, if you are already a cardholder and apply for additional cards, the inquiry will be soft thus not affecting your credit. You could simply apply for a different AMEX product with no annual fee. This way you can still retain all the benefits you love so much!

[daybreakgonesXe]

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@WhiteCollar wrote:
From what I understand about AMEX, if you are already a cardholder and apply for additional cards, the inquiry will be soft thus not affecting your credit. You could simply apply for a different AMEX product with no annual fee. This way you can still retain all the benefits you love so much!

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Unfortunately, this is only half true.

If you are denied an AMEX card but already an AMEX cardholder, it will only be a soft pull.

If approved, it will be a hard pull, AMEX member or not.

[JohnWillyson]

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@WhiteCollar wrote:
From what I understand about AMEX, if you are already a cardholder and apply for additional cards, the inquiry will be soft thus not affecting your credit. You could simply apply for a different AMEX product with no annual fee. This way you can still retain all the benefits you love so much!

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Pretty sure thats not true. CLIs are soft, but new accounts are always hard.

[JohnWillyson]

I just looked at the backdoor numbers list again... Is the account services number worth a shot? I technically am an account with an issue... Is'nt impending doom an issue?

[bman86]

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@JohnWillyson wrote:

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@WhiteCollar wrote:
From what I understand about AMEX, if you are already a cardholder and apply for additional cards, the inquiry will be soft thus not affecting your credit. You could simply apply for a different AMEX product with no annual fee. This way you can still retain all the benefits you love so much!

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Pretty sure thats not true. CLIs are soft, but new accounts are always hard.

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That is correct for current cardmembers, if the application is approved it will be a hardpull, if it's denied it will be a soft. It's pretty well documented around the forum, do some searching.

[djc1puno]

+1 bman

[bman86]

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@JohnWillyson wrote:
I just looked at the backdoor numbers list again... Is the account services number worth a shot? I technically am an account with an issue... Is'nt impending doom an issue?

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I would give them a call and ask if you can PC over to another card such as the BCP/BCE.

[myjourney]

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@JohnWillyson wrote:
So my costco card was my first (and only) Amex. I got it almost exactly a year ago when i started a costco membership. I no longer want to keep my costco membership. This causes a huge problem for me! If I dont renew, I loose my amex account. I love the amex benefits, enhanced rental car protection is awesome and totally worth it. I also will loose the $30 or so cash back I have racked up in the last few months. I have tried several times, but it seems that there is no possible way of product changing this to ANY other amex card, period? Seriously? Is there no hope for me? I just did a small-ish app spree, so I REALLY dont want a new application to get a new amex card... should I just renew costco and after the next cash back round, cancel the card, my membership, and do a new application?

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Question do you still plan to shop at Costco? 

[JohnWillyson]

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@myjourney wrote:

Question do you still plan to shop at Costco? 

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Nope! I tried the backdoor number but its for collections only now apparently. Wouldnt let me talk to anyone since I am in good standing. Whats sad is on the phone everyone says I *CANT* PC, but secure messaging says after a year I can. The problem is it will EXPIRE before the year ends I guess in the long run paying $55, and waiting till I get my reward check for the cashback can offset it... bah.