Closing Amex Gold

Anonymous · ‎06-30-2015

Hi,

How does closing Amex Gold Rewards affect my credit history/score?

Thanks

Swapnil

EddieK · ‎06-30-2015

It won't. A closed card will stay in your file for 10 years. And since the Amex Gold card is a charge card, it won't affect your utilization.

Starting Scores:
1/19/14:
1/28/14:
2/12/14:
Current Scores:
7/10/19:
12/17/16:
9/05/17:

Anonymous · ‎06-30-2015

@Anonymous wrote:
Hi,

How does closing Amex Gold Rewards affect my credit history/score?

Thanks
Swapnil

Welcome to MyFico... There is a lot that goes into FICO scoring. So this will have minimal impact and will still report for 10 years.

MyDataMyChoice · ‎06-30-2015

How long have you has the card? Amex no longer back dates... id keep it open.... or PC to another charge... call and ask for a free year or reduced rate... can't hurt

All Negatives History Removed as of October 2025 - Only BK CH7 Showing as Public Record

Lines of Credit:
Personal Loan:

Total Reported Revolving CL: $162,450 + 26K PLOC = $188,450

iMacDrew · ‎06-30-2015

Amex stopped backdating?

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703

Anonymous · ‎06-30-2015

@iMacDrew wrote:
Amex stopped backdating?

Yes

SOGGIE · ‎06-30-2015

@JTC403 wrote:
How long have you has the card? Amex no longer back dates... id keep it open.... or PC to another charge... call and ask for a free year or reduced rate... can't hurt

Does AMEX not allow the OP to PC from a charge to a revolver?

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

myjourney · ‎06-30-2015

@SOGGIE wrote:
@JTC403 wrote:
How long have you has the card? Amex no longer back dates... id keep it open.... or PC to another charge... call and ask for a free year or reduced rate... can't hurt
Does AMEX not allow the OP to PC from a charge to a revolver?

No charge to charge

Revolver to relvover

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

SOGGIE · ‎06-30-2015

@myjourney wrote:
@SOGGIE wrote:
@JTC403 wrote:
How long have you has the card? Amex no longer back dates... id keep it open.... or PC to another charge... call and ask for a free year or reduced rate... can't hurt
Does AMEX not allow the OP to PC from a charge to a revolver?
No charge to charge
Revolver to relvover

In that case, I would never want their charge. I don't blame the OP for wanting to close.

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

myjourney · ‎06-30-2015

On the contrary they have there perks that revolvers don't

Features

NPSL

Lounge privileges

Better point system and redemption

No FTF in some cases

Airline credit

etc etc

Just depends on what you spend on and the features that best suit you

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?