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Closing AMEX Platimum Question

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Scuba
Frequent Contributor

Closing AMEX Platimum Question

If I close this account do you think it may affect my other lines with Amex?

 

I have a couple of revolvers and the unicorn that I dont want to give up since it is cheap to keep.

 

Does Amex look at a total relationship when giving out CL?  I can't afford to lose my current credit lines with them and the Platimum card is their flagship card.

 

What do you think?

Message 1 of 9
8 REPLIES 8
Lin55
Frequent Contributor

Re: Closing AMEX Platimum Question

You'll be fine. If they in fact affect your other lines then that's due to other bad things on your CRs. Closing your Platinum should have no effect with your relationship with Amex.

Message 2 of 9
vpae
Established Contributor

Re: Closing AMEX Platimum Question

I thought about this too when I closed my PRG last night.

 

How does it look with my relationship with Amex, closing a card with them? (I have a Blue Cash left with a 3x CLI coming up soon too..)

 

How does it look in the eyes or other creditors, with a closed card on my report, opened not even a year?

 

But at the same time, I figure they would rather have people be responsible with their credit, open and keep what you need, and if there's an AF (a huge AF in your example), and if it's not adding value, the right thing to do would be to close it.

 

I look forward to other's responses that are more familiar with this matter.

12/19/19 06/11/20 07/02/20
Total CL: $708,900. Largest CL: Amex Bonvoy Brilliant $70K. Apple Card $40K. Chase Ritz Carlton $35K. Mouseover for individual CLs
Message 3 of 9
heyitsyeh
Frequent Contributor

Re: Closing AMEX Platimum Question

Piggybacking off this inquiry, would closing my only credit with Amex (a PRG) negatively affect future applications with them? I should have at least one other line with them (such as the Everyday) at time of closing right?

TU: 777 | EQ: 814 | EX: 764
Last INQ: 3/26/21
AAoA: 4y 7m
Lowest limit: Chase Freedom Visa - $13,000
Highest limit: Discover It - $56,500
Available credit: $200,600 (8 cards)
Message 4 of 9
Pat94108
Frequent Contributor

Re: Closing AMEX Platimum Question

Why do people on this board think that closing an account is such a bad thing? I have closed multiple accounts with AMEX, I never had any issue with them whatsover. As long as you're in good standing, I don't see why that would bother them. 

Message 5 of 9
thom02099
Valued Contributor

Re: Closing AMEX Platimum Question


@Pat94108 wrote:

Why do people on this board think that closing an account is such a bad thing? I have closed multiple accounts with AMEX, I never had any issue with them whatsover. As long as you're in good standing, I don't see why that would bother them. 



+1.  They are a company, not a person (regardless of what the Supreme Court ruled)  Smiley Wink

 

They are not going to take it personally that you closed one of THEIR accounts. As a company, they understand that circumstances change, situations change, and the need for a specific card change.    As long as it's in good standing, you'll be good to go with another AMEX card at whatever point in the future you want to pursue that.

Message 6 of 9
scenery_guy
Established Contributor

Re: Closing AMEX Platimum Question

Side question - what's your plan for your MR points upon closing your Platinum? I would worry more about my points than what Amex thinks. 

Message 7 of 9
Scuba
Frequent Contributor

Re: Closing AMEX Platimum Question

I just used my Platimum points for a e-cert for a car rental.

Message 8 of 9
Lin55
Frequent Contributor

Re: Closing AMEX Platimum Question


@scenery_guy wrote:

Side question - what's your plan for your MR points upon closing your Platinum? I would worry more about my points than what Amex thinks. 


Open up the new Everyday card and keep your MR points fully active!

Message 9 of 9
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