Originally Posted by
oshelef
Although it seems that when he reapplies, his old account would already be closed. It seems like you are suggesting waiting until the new year to actually close the old account.
No, his account has already been closed. The credit reports simply haven't been updated to reflect that yet. It's not likely they'll be updated in the next two days, so there's no real potential for harm in waiting and the potential benefit of making new the card appear to be almost a year older (due to a quirk in the way Amex reports things, assuming
ddallas is correct).