How Does Closing My American Express Card Affect My Credit Score?

This article discusses credit scores and how closing an American Express card can impact a consumer's credit. It also explains the fact that lenders may be less likely to offer credit to someone whose credit score has been affected by closing a credit card such as American Express. It suggests reaching out to American Express for assistance.

Dec 9, 2022

How Does Closing My American Express Card Affect My Credit Score?

American Express, a multinational financial service, is a popular choice among consumers. Owning a credit card such as an American Express credit card is a great way to achieve a high credit score. This is important because having a positive credit score is needed to encourage lenders to issue credit to you.

You may need to close your American Express card for various reasons. It's helpful to be aware of the ways this will affect your credit score. If you have any questions about closing your American Express card and the effect that it will have on your credit score, reach out to American Express.

Ways That Closing Your American Express Card Affects Your Credit Score

It's important to understand the ways that closing your American Express card will affect your credit score. An awareness of how credit scores work will help you make an informed decision about closing your American Express credit card.

1. You'll be reducing the average age of all your accounts associated with credit cards when you close your account.

2. Your goal is to have a low utilization rate to have a better FICO score. When you cause the overall amount of credit available to you to fall, you are causing your credit utilization to rise. This will affect your FICO score and may cause your credit history to become shortened.

3. You want to have reliable credit as a consumer. Before approving a loan application or a credit card application, some lenders will want to confirm that you have a long credit history. Closing your American Express card can negatively affect your credit history.

If you have any questions about closing your American Express card and the ways doing so can affect your credit score, contact American Express.

Further questions?

Ask a followup or related question and we will try to provide an answer in seconds.
Adam has been tirelessly trying to help customers find the best tips and tricks to get through phone trees and writing many guides for prickly customer service problems. He's been featured in the Wall Street Journal, Inside Edition and Bloomberg.
How Does Closing My American Express Card Affect My Credit Score?

Why does GetHuman Write How-to Guides for American Express Problems?

GetHuman has been working for over 10 years on sourcing information about big organizations like American Express in order to help customers resolve customer service issues faster. We started with contact information and fastest ways to reach a human at big companies. Particularly ones with slow or complicated IVR or phone menu systems. Or companies that have self-serve help forums instead of a customer service department. From there, we realized that consumers still needed more detailed help solving the most common problems, so we expanded to this set of guides, which grows every day. And if you spot any issues with our How Does Closing My American Express Card Affect My Credit Score? guide, please let us know by sending us feedback. We want to be as helpful as possible. If you appreciated this guide, please share it with your favorite people. Our free information and tools is powered by you, the customer. The more people that use it, the better it gets.

American Express

Asked 2 years ago
Updated a year ago
Viewed 2,196,529 times
American Express
American Express
closing credit card
close American Express
Was this page helpful?
Thank you and please share!
Thank you and please share!
Needs work
Sharing is what powers GetHuman's free customer service contact information and tools. You can help!