Originally Posted by
JJonahJ
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.
Duly noted, and thanks. ^
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.
I canceled the cards as I would like to reapply for both sooner rather than later. I have heard that a waiting period of 6 months or so is best?
And, also, do you know how many times someone can churn these cards?
I have now had both cards twice...with all of the full sign-up bonuses
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.
I was thinking this as well.
And I forgot to mention, I just applied for the Amex Business Gold Rewards card as well... (conditionally approved).
It will be interesting to see if both the SPG and the Amex Business Gold Rewards cards are both issued.
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
Do you know if creditors take a view one way or the other when they see that someone has been applying for 5-10 cards in a year, for example?
Alex