Time to close Amex?

[JagerBombs89]

So I originally applied for an Amex Gold back in August of 2010 just to get in the family.  I got approved for the Blue Cash last month and statement cut on the 14th.  Today, my new Amex is showing up only with Experian with, of course, open date of 1/1/2010. Since I never use the gold card should I go ahead and close it out or should I wait until the 11 month mark and close before the annual fee?  I only got it so that I would be able to get the Blue Cash later down the road, which I have already accomplished. 

Also, since the Gold is my first Amex, and my Blue Cash was backdated, will the backdating work the same later on down the road if I acquire another Amex (with the gold card being closed and all)?

[DI]

---

@JagerBombs89 wrote:

So I originally applied for an Amex Gold back in August of 2010 just to get in the family.  I got approved for the Blue Cash last month and statement cut on the 14th.  Today, my new Amex is showing up only with Experian with, of course, open date of 1/1/2010. Since I never use the gold card should I go ahead and close it out or should I wait until the 11 month mark and close before the annual fee?  I only got it so that I would be able to get the Blue Cash later down the road, which I have already accomplished. 

Also, since the Gold is my first Amex, and my Blue Cash was backdated, will the backdating work the same later on down the road if I acquire another Amex (with the gold card being closed and all)?

---

Yes, close it since you got the card that you wanted.  There's no need to keep paying an annual fee for a card that you have no use for anymore.  Congrats on getting the Blue Cash card!  If you've been a member since 8/10 you'll always be a member starting at that time regardless which AMEX card you end up with. 

[stan_the_man]

I'd hold onto it until the 11th month and then close it.*

I know that 5 months may seem trivial, but I don't see the benefit to cutting short the time any positive history will report -- even if the benefit of that positive history will not be recognized for a short 5 month period 10 years from now (since the card will report for five additional month because you kept it open five additional months).

*If you won't remember to close it in July, then it's probably best to close it now.

[Creditaddict]

I would see if they would let you reallocate some of the CL to the card you want to keep, otherwise I would probably PC at year mark to something with no annual fee and keep it.

[JagerBombs89]

---

@Creditaddict wrote:

I would see if they would let you reallocate some of the CL to the card you want to keep, otherwise I would probably PC at year mark to something with no annual fee and keep it.

---

The card I would be closing is the Gold (Charge Card) where as I am going to be keeping the revolver.  I think I might close it in June, as one has mentioned, to keep it on my CR for as long as possible