Either way it is canceled in good standing even if they cancel it, right? I'm really surprised they actually cancel the cards since most other lenders just reduce the credit lines.
Message Edited by ilovepizza on 08-30-2007 10:28 AM
Amex is a little different from what I her. They freeze your cards when you come up for FR. IF you don't comply you get a nice 'canceled by creditor' in your comments which is bad.
If Amex requests a FR from me I would agree, pass the review with flying colors then close all my accounts with them without warning.
Now THAT's a plan Fused!!!!!
What kind of effect on your FICO and overall credit if you:1. Cancel active card upon FR fairy comes knocking on yor door.2. Cancel before you activated to just not bother with AMEX all together.3. Let them cancel it if you don't comply with FR demand.
They will not allow you to cancl once F/R is requested. Don't comply and get a nice little 'Canceled by creditor' on your report
what if i just don't activate it? will it show on report still somehow?
It may be there already. You may call to cancel it but why bother. Amex is huge and they ahve been trying to get to all their custs. May be a LONG time before they get to you.