Costco Amex Cards Musesaka..what Happens To The Credit Score

[Spartan]

A Amex Cards will stop working once Costco-Amex deal ends (April 2016 annaru, but might take few more months for that)

 

kaani Amex cards close aite...its like u are closing a account right..

 

so Credit Score dobbutunda...?

 

alage no fee Amex cards edaina unte seppandi... Blue cash ela undi.

[BommaliNinnodhala]

account close chesthe ..indirect ga nee credit limit thagginchukunnattu so obv ur score will decrease..

amex website lo u will find better info...Blue cash is good...

 

Vesesaamu biscuit...

[Diras]

Sitti blue cash baagundhi tesuko

[Spartan]

How will this impact my credit?

 

Citibank will probably want you to apply for its Costco Visa and may include incentives to entice you to switch. If you decide to apply for the Costco Visa, Citibank will run a hard pull on your credit. 

 

American Express will likely be pushing hard for you to open one of the options listed above, which will result in another hard inquiry on your credit. It’s important to keep in my mind that having both inquiries very close together may negatively impact your credit.

 

Alternatively, if you decide to cancel your TrueEarnings Costco American Express card, and you have been a long time cardholder, closing your account to avoid the hard inquiry may also negatively impact your credit by dropping the age of your credit history. Although American Express used to backdate cards, which helped users retain their long credit history, this does not appear to be an option now (H/T Doctor of Credit). 

 

Wondering what kind of an effect this could potentially have? This CreditCards.com blog post comprehensively explains the difference between hard and soft inquiries on your credit.

[k2s]

A Amex Cards will stop working once Costco-Amex deal ends (April 2016 annaru, but might take few more months for that)

 

kaani Amex cards close aite...its like u are closing a account right..

 

so Credit Score dobbutunda...?

 

alage no fee Amex cards edaina unte seppandi... Blue cash ela undi.

amex cards close avvavu emo man.. just costco will stop accepting it

[Spartan]

account close chesthe ..indirect ga nee credit limit thagginchukunnattu so obv ur score will decrease..

amex website lo u will find better info...Blue cash is good...

 

Vesesaamu biscuit...

 

 

Sitti blue cash baagundhi tesuko

 

 

Credit score elago dobbutadi kada..

 

a Costco to spend chesina time will be closed...and indirectly the credit age..what abt that.

 

 

Blue Cash chustunna..

[Osama Bin Gandhi]

If u take a new Amex I do think it'll effect ur score taking all the factors into consideration.

Blue cash will be a good option with introductory came back offer ..I got 250 if I spend 1000 in 90 days.

[Spartan]

amex cards close avvavu emo man.. just costco will stop accepting it

 

nenu ade anukunna...September lo letter chusaka..

 

but monna frend deggara velte vallanta..it will get closed antunnaru..even online says same

[andhravodu]

A Amex Cards will stop working once Costco-Amex deal ends (April 2016 annaru, but might take few more months for that)

kaani Amex cards close aite...its like u are closing a account right..

so Credit Score dobbutunda...?

alage no fee Amex cards edaina unte seppandi... Blue cash ela undi.

Score taggedi, only if you have high balances, otherwise u will be fine

[Osama Bin Gandhi]

If my Costco card will end, will my credit score take a hit?
In case if you make a transition to a new card, your credit score will not be affected. If you prefer not to get a new card, your score may take a hit; this can happen if your total credit lines will shrink, and credit utilization ratio will rise. It is even worse if the Costco card was one of your oldest card accounts – closing an oldest card account can lower your score.
Hint: You can try to sugar the pill by lowering a balance on all your other card accounts or by opening a new credit card with a good credit limit.

[Spartan]

Score taggedi, only if you have high balances, otherwise u will be fine

 

ninna 6K unte balance kattesa...

 

inko 1K avutademo card close ayenta varaku..adi chusi vadukoval inka.

[Spartan]

If my Costco card will end, will my credit score take a hit?
In case if you make a transition to a new card, your credit score will not be affected. If you prefer not to get a new card, your score may take a hit; this can happen if your total credit lines will shrink, and credit utilization ratio will rise. It is even worse if the Costco card was one of your oldest card accounts – closing an oldest card account can lower your score.
Hint: You can try to sugar the pill by lowering a balance on all your other card accounts or by opening a new credit card with a good credit limit.

 

ide seyyali inka...

[andhravodu]

ninna 6K unte balance kattesa...

inko 1K avutademo card close ayenta varaku..adi chusi vadukoval inka.

Just 1k in all cards ayite, no impact at all

[Spartan]

Just 1k in all cards ayite, no impact at all

 

rende cards unnai Visa -WF  -- CC limit 5K

Amex Costco - CC limit 20K

 

as of today zero balance on both.

[andhravodu]

rende cards unnai Visa -WF -- CC limit 5K
Amex Costco - CC limit 20K

as of today zero balance on both.

Anta takkuva limits expect cheyaledu, might want to get a new card man. Hyatt rewards choodu, 1k within 3 months spend cheste, 1st year 2 nights free at any hyatt. 2nd year nunchi 75$ annual fee undi