If considerable older, I'd keep it open. JMHO
You can always drop a small recurring charge on it and allow it to retire to the SD.
I rarely carry around my oldest CC, which is also my highest CL. I do keep a small monthly bill on it.
I've never experienced those issues using an Amex card, nor have they sued me or closed any accounts.
It really depends on how much older your card is than your 2nd oldest, and how old this card is in relation to how often you plan to open new accounts in the future. The age won't be a factor for up to 10 years, but depending on your profile it could be at that time when the card drops off of your reports.
@Anonymous wrote:I am thinking of closing my Amex BCE credit card with a $35,000 credit limit which leaves Barclay as my oldest credit credit card. In doing so breaking every taboo on this forum. The thing is Amex has became more a problem then its worth. It takes 3 to 7 tries to do a transcation. It starts off with Not accepted, then several chip read errors, then possibly use a mag swipe message and that does not work. Eventually it goes through. I have replaced the card several times, I have been using a Usbank Cash plus credit card as a replacement and it seems to be workling a lot better. I also use a Wells Fargo Propel that runs over the Amex network without a issue. Knowing Amex likes to sue and close accounts and they just increased the mininum spend for no reason I dont see a reason to have it open anymore. What are your thoughts or have made decisions that seemly defy logic? My overall credit limits will drop to $120,000 with the rest of the accounts account around ~$20,000, so it will not effect me for utilization. In theory it should not my Fico scores either.
If I were you I'd (a) product change it to an Amex credit card that has a more solid plastic body (Cash Magnet, Delta, Hilton, or Marriott) instead of that flimsy style or (b) just use it for internet or phone transactions, where the infirmities of the physical card won't matter.
