Do you lose Amex points if you cancel card?
Do you lose Amex points if you cancel card? That's because, per American Express' terms and conditions, you will forfeit your unused American Express points if you close your card account and don't have another credit card that earns the same type of rewards.
How many credit points do you lose when canceling a card?
A credit card can be canceled without harming your credit score?. To avoid damage to your credit score, paying down credit card balances first (not just the one you're canceling) is key. Closing a charge card won't affect your credit history (history is a factor in your overall credit score).
Who gets Amex annual fee waived?
You can get the annual fee waived on The Platinum Card® from American Express exclusively for Morgan Stanley* if you have an eligible Morgan Stanley investment account and one of Morgan Stanley's Platinum CashPlus accounts (those also come with unlimited ATM fee rebates and they're FDIC-insured).
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.