Bank's view of closing a card

[Anonymous]

Do banks look down on you if you close a credit card with them?

I'm looking at applying for the Altitude Reserve in the near future. I currently have 2 cards with US Bank, the Cash+ and the platinum, and the current credit limits equal about 1/3 if my income. I was thinking of closing the platinum to "free up" some credit that US Bank may offer me. But would closing a card with them have a negative affect on a future application?

[kerplunk]

Don’t close it. You can probably close the card after the fact and merge that credit line. Not sure, but don’t close it. I would be more concerned with your eligibility to get the AR first and foremost.

[Anonymous]

You ask a good question. I closed two credit cards with the First National Bank of Omaha as they were out of it for rewards. Years later they had a special for two months and I wanted to apply so I called them and asked that question ... they said not a problem and approved me. As to US Bank they do look at your income and DTI along with the computer. In my case they were concerned as I had credit higher than my annual income so they allowed for reallocation of credit to get me where I wanted to go.

[Anonymous]

I don't know this for a fact, but I've never had a problem getting a card from a bank that I've closed a card from before. I think these days it's normal for your average consumer to open and close cards all the time. As long as they don't presume any fraud or churning, you'll be good.

[pinkandgrey]

No I don’t think banks will “hold a grudge” lol. I’ve opened and closed 3 Cap One cards and was still given another. 

[Anonymous]

Amex does. 

[Anonymous]

---

@Anonymous wrote:

Amex does. 

---

In what way?

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

Amex does. 

---

In what way?

---

I canceled my BCE last year before even getting it (long story) and I don’t prequalify for any of their cards now and was shot down for the BCE in January and that was after getting the no SUB pop up to boot. I’m in their system as a churner when I never even used the card. 

[M_Smart007]

"churner"

that was my thought exactly about Amex.

[Remedios]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:

Amex does. 

---

In what way?

---

I canceled my BCE last year before even getting it (long story) and I don’t prequalify for any of their cards now and was shot down for the BCE in January and that was after getting the no SUB pop up to boot. I’m in their system as a churner when I never even used the card. 

---

You're not in their system as a "churner". You did not even get the SUB, hence no churning. 

If I had to guess, Amex computer went something like " This joke wont be on me"