Canceling AMEX Green

[Anonymous]

Can anything bad happen from this? I mainly applied to see where I was with them, and to my surprise, was accepted. I am planning to app for the Blue Cash Preferred in February when I hit my 6 months with them. If I get approved, I will cancel the Green before the hefty 95 dollar annual fee is due. I already got my 25k bonus. Is this transferable? But mainly just wondering if anything bad can happen, perhaps AAOA and stuff like that. I know it's a charge card but I want to be sure. Thanks.

[iHackerSix]

I'm not 100% sure but as far as I know nothing bad will happen. You should also keep your card as close to the year as possible to show a little history on your report when it comes to the Green. Amex backdates anyway so if you did close the Green and didn't get an Amex for 5 years you would still get the history with them on your credit file. But now I have a question for you, how did you get 25k bonus for opening a Green? I can't seem to find any offer like that and I myself am interested in a charge card rather than another credit card...

[Anonymous]

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@iHackerSix wrote:

I'm not 100% sure but as far as I know nothing bad will happen. You should also keep your card as close to the year as possible to show a little history on your report when it comes to the Green. Amex backdates anyway so if you did close the Green and didn't get an Amex for 5 years you would still get the history with them on your credit file. But now I have a question for you, how did you get 25k bonus for opening a Green? I can't seem to find any offer like that and I myself am interested in a charge card rather than another credit card...

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I will probably keep it open until 11 months or so. I will probably have a BCP by then as well. if anything, it will show that I have a good history with AMEX and perhaps boost my internal score. Hmmm..would that be affected by closing my Green?

And to answer your question, I got an offer in the mail. I was invited to apply, and not expecting to get accepted. I don't remember reading the literature thoroughly, and I don't recall reading anything about a bonus. But I did a google search, and they were/are offering 25,000 bonus points after first $1000 spent...in the first three months perhaps? All I know is, I got approved 8/5/13, and ran 5k on 9/1/13 for a down payment on my car. Approved and paid within a month. Next thing I know there was 25k points on my account lol.

[ezdoesit]

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@Anonymous wrote:

Can anything bad happen from this? I mainly applied to see where I was with them, and to my surprise, was accepted. I am planning to app for the Blue Cash Preferred in February when I hit my 6 months with them. If I get approved, I will cancel the Green before the hefty 95 dollar annual fee is due. I already got my 25k bonus. Is this transferable? But mainly just wondering if anything bad can happen, perhaps AAOA and stuff like that. I know it's a charge card but I want to be sure. Thanks.

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It is transferable but only to a transfer partner or another MR rewarding card Amex Blue,Plat, PRG , MB card to name a few.  If don't transfer them or use the points you will not be able to use them.  The regular Blue is a good option because it is a revolver no AF and allows you to keep the MR points you already accrued.

[myjourney]

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@Anonymous wrote:

Can anything bad happen from this? I mainly applied to see where I was with them, and to my surprise, was accepted. I am planning to app for the Blue Cash Preferred in February when I hit my 6 months with them. If I get approved, I will cancel the Green before the hefty 95 dollar annual fee is due. I already got my 25k bonus. Is this transferable? But mainly just wondering if anything bad can happen, perhaps AAOA and stuff like that. I know it's a charge card but I want to be sure. Thanks.

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You can close at anytime w/o repercussions.

As for your points as long as the new card has MR points your good to go

[Anonymous]

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@myjourney wrote:

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@Anonymous wrote:

Can anything bad happen from this? I mainly applied to see where I was with them, and to my surprise, was accepted. I am planning to app for the Blue Cash Preferred in February when I hit my 6 months with them. If I get approved, I will cancel the Green before the hefty 95 dollar annual fee is due. I already got my 25k bonus. Is this transferable? But mainly just wondering if anything bad can happen, perhaps AAOA and stuff like that. I know it's a charge card but I want to be sure. Thanks.

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You can close at anytime w/o repercussions.

As for your points as long as the new card has MR points your good to go

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Thanks. I can just use it as statement credit right? Or book a flight thru it hopefully? I'm kind of dissapointed the Green doesnt have any type of rewards program. And would you know if the Blue Cash Preferred has MR?