Hello,
My first post here.
I have a 19-year relationship with Amex and have a Green charge card and an Amex Blue with a historical limit of $16K. Green gets paid in full each month and for the Blue, I make a mix of minimum and twice minimum payments depending on monthly circumstances. The balance has slowly dropped from maxed-out to a current $10,750. No late payments.
Credit score is not great - about 675 - due to an issue with a Bank of America credit card back in 2008, which was cancelled back then and paid off by 2013 in a structured agreement.
I want to get a new card to increase the number of open accounts in good standing and reduce debt ratio. Thinking of the Quicksilver as it meets my needs for no annual fee/foreign fees, and gives 1.5% back. Have received pre-screened offers, etc..
My question: Amex Blue interest rate has been 13.74% for years now. If I apply for a new card, is there any chance that the rate will increase should Amex review my file and see I have a new card?
Sorry if this is 101 stuff, but I've searched for answers here and on the web to no avail.
Thanks!
