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re: Credit Card Rewards and Points Discussion

Posted on 3/24/15 at 9:25 am to
Posted by Azazello
Member since Sep 2011
3185 posts
Posted on 3/24/15 at 9:25 am to
I'm getting out of the USMC thus my annual fee waiver is going away

I have decided I need to cancel my AMEX cards. I really only used them for the sign up bonuses and a few airline lounge visits here and there. I use a CSP for everyday purchases.

AMEX Gold
AMEX Plat
Delta Reserve

What sort of hit am I going to take for canceling these cards? Am I going to see a significant drop in my score?
This post was edited on 3/24/15 at 9:26 am
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 3/24/15 at 9:35 am to
quote:

Azazello
You're going to want to downgrade one of those to keep your average age of account good with Amex. They use your first open card as the age for all of your cards.
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