Originally Posted by
alexteacher
Hi Cerenity, thanks for the differentiation. I am aware there is a difference between the cards, but many people on this boards say, "You can't have more than 2 Amex cards", yada yada.
And I am not sure if cancelling the 2 other cards has any direct affect on whether I can get the SPG card, but I imagine the less cards one has open the better.
Hi alex,
It can be confusing, because so many people say yada yada as they don't know any better. The reality based on my first-hand experience is that it's a maximum of TWO Amex CREDIT cards, and as many Amex CHARGE cards as your credit-mobile can carry.
As for cancelling previous cards...you only have to do this if you want to avoid an annual fee, or if you want re-apply for the same exact identical card from Amex, because in general they do NOT allow you to carry duplicate cards...keeping in mind, for eg., that the Gold Rewards is NOT the identical card as the Biz Gold Rewards.
The other reason you may want to cancel cards is if you're getting close to the maximum allowable credit limit under that card issuer, and need to free up some cap space.
Even if you cancel your cards, they stay on your credit file for 6 or 7 years anyway, so the creditors still see it on your file (if they decide to look).
JJJ