Hi All!
So I just opened an AMEX Gold Platinum Rewards card a few weeks ago, and today in the mail I received an offer to open the exact same type of card but if I opened this one and spent $500 in the first couple of months (something I surely will do) I get a bonus of 50,000 valuable AMEX Rewards points.
I called AMEX and asked them if I could apply the offer retroactively to my account, but they stated that they could not.
Question: If I open this new account and then close my other (NEVER used) how would that affect my credit score knowing:
35% of the score is based on payment history.30% of the score is based upon the balances of revolving credit cards, not installment accounts 15% of the score is based on your credit history.10% of the score considers the type of credit you have. 10% of the score is affected by the number of inquiries on your credit report.
More specifically, since 10% of the score is inquiry volume, I'll surely take a short term hit, but what are the longer term implications for having this "dead beat" one month old, never used, credit around?
Thank you so much in advance!
Matt
