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Author Topic: AmEx A/A'ing Blue Cash Cards  (Read 143692 times)

Offline mawmaw

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #200 on: October 26, 2014, 11:43:27 PM »
Quote from: AJK on October 26, 2014, 12:56:47 AM
Screenshot?
i dont have one handy
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Offline karen

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #201 on: October 28, 2014, 09:07:09 AM »
Quote from: how on October 25, 2014, 11:05:45 PM
Are they still closing or are they done for the round?

They offered me to close this week but I declined and im still open

From flyertalk, it seems the new round just started.
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Offline ShlockDoc

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #202 on: October 28, 2014, 09:17:35 AM »
Quote from: karen on October 28, 2014, 09:07:09 AM
From flyertalk, it seems the new round just started.

Yeah, saw that and was disappointed.  I guess it's tied to statement date.  I guess I should call to cancel. I hate closing my oldest card but that's better than an account closure on my credit. I need to buy a house in 6-9 months...
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #203 on: October 28, 2014, 09:28:06 AM »
Statement closing is a trigger but not for everyone. I would sit tight.
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Offline karen

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #204 on: October 28, 2014, 09:37:18 AM »
Quote from: ShlockDoc on October 28, 2014, 09:17:35 AM
Yeah, saw that and was disappointed.  I guess it's tied to statement date.  I guess I should call to cancel. I hate closing my oldest card but that's better than an account closure on my credit. I need to buy a house in 6-9 months...

That is probably wise thing to do. See the following from flyertalk:

>What effect will this have on our credit?
>A person I know reapplied for the card and it as declined. The CSR said that the reason was that the previous account was 'unsatisfactorily maintained.'
>He then applied for a credit limit increase for another Amex card. This was declined with the reason being:
>'You have previous delinquencies on your American Express account.'

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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #205 on: October 28, 2014, 09:50:56 AM »
Quote from: karen on October 28, 2014, 09:37:18 AM
That is probably wise thing to do. See the following from flyertalk:
There are conflicting data points to everything right now. No pattern has been found so far as to what is going on. Taking a shot in the dark is never a good idea.
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Offline ShlockDoc

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #206 on: October 28, 2014, 10:16:12 AM »
Quote from: ChaimMoskowitz on October 28, 2014, 09:50:56 AM
There are conflicting data points to everything right now. No pattern has been found so far as to what is going on. Taking a shot in the dark is never a good idea.

No definitive pattern but it definitely appears connected to statement date and/or a purchase.  My statement closes on 11/8.  I'd hate to lose a few thousands in RD but the loss in my mortgage potentil could be higher.  My credit score is >800, it would be a shame to have such a stain...
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Offline Marco Polo

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #207 on: October 28, 2014, 10:20:12 AM »
Quote from: ShlockDoc on October 28, 2014, 10:16:12 AM
No definitive pattern but it definitely appears connected to statement date and/or a purchase.  My statement closes on 11/8.  I'd hate to lose a few thousands in RD but the loss in my mortgage potentil could be higher.  My credit score is >800, it would be a shame to have such a stain...
I have seen shutdown for accounts with no recent purchases and statement dates beginning of next month...
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #208 on: October 28, 2014, 10:23:04 AM »
Quote from: Marco Polo on October 28, 2014, 10:20:12 AM
I have seen shutdown for accounts with no recent purchases and statement dates beginning of next month...
There are also accounts in this same situation that have not been closed so far.
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Offline Marco Polo

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #209 on: October 28, 2014, 10:24:23 AM »
Quote from: ChaimMoskowitz on October 28, 2014, 10:23:04 AM
There are also accounts in this same situation that have not been closed so far.
Exactly why there are no "definitive" triggers for shutdowns known.
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #210 on: October 28, 2014, 10:26:11 AM »
Quote from: Marco Polo on October 28, 2014, 10:24:23 AM
Exactly why there are no "definitive" triggers for shutdowns known.
We are on the same page. Mass cancelations as we speak.  :'(
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Offline ShlockDoc

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #211 on: October 28, 2014, 10:31:36 AM »
Quote from: Marco Polo on October 28, 2014, 10:20:12 AM
I have seen shutdown for accounts with no recent purchases and statement dates beginning of next month...

Will you please allow me to panic without annoying facts and reason.  Thank you.
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #212 on: October 28, 2014, 10:47:59 AM »
Quote from: ShlockDoc on October 28, 2014, 10:31:36 AM
Will you please allow me to panic without annoying facts and reason.  Thank you.
It is like everyone is on death watch.  :)
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Offline TimT

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #213 on: October 28, 2014, 11:54:13 AM »
Quote from: ShlockDoc on October 28, 2014, 10:16:12 AM
No definitive pattern but it definitely appears connected to statement date and/or a purchase.  My statement closes on 11/8.  I'd hate to lose a few thousands in RD but the loss in my mortgage potentil could be higher.  My credit score is >800, it would be a shame to have such a stain...
How much would the credit score go down if they close it ?
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Offline karen

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #214 on: October 28, 2014, 01:36:58 PM »
Quote from: TimT on October 28, 2014, 11:54:13 AM
How much would the credit score go down if they close it ?
I am wondering the same thing.  I rather loss some RD than lose credit score.
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Offline srap

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #215 on: October 28, 2014, 03:54:21 PM »
Has anyone received a letter sending them a new BC with a new number because of possible fraud on the old one?
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #216 on: October 28, 2014, 04:40:51 PM »
Quote from: TimT on October 28, 2014, 11:54:13 AM
How much would the credit score go down if they close it ?
Depends on your credit profile. I close cards and see no effect on my score.
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Offline TimT

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #217 on: October 28, 2014, 04:48:27 PM »
Quote from: ChaimMoskowitz on October 28, 2014, 04:40:51 PM
Depends on your credit profile. I close cards and see no effect on my score.
Are you saying there's no difference if Amex closes it or if he closes it other than it stating who closed it ?
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Offline ChaimMoskowitz

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #218 on: October 28, 2014, 05:00:18 PM »
Quote from: TimT on October 28, 2014, 04:48:27 PM
Are you saying there's no difference if Amex closes it or if he closes it other than it stating who closed it ?
For credit score yes but a manual review by a lender might be different. Also remember having cards go dormant and closed say closed by creditor. So this notation in its self does not mean something negative.
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Offline churnbabychurn

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Re: AmEx A/A'ing Blue Cash Cards
« Reply #219 on: October 28, 2014, 05:15:51 PM »
I always thought closed by creditor was really bad...
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