Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Mthomas339

1 Contribution
0 People Helped
American Express is going to close my Costco credit card, will this hurt my credit score?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
0 People Helped

American Express

I want to add that American Express is  going to close my card because their relationship with Costco is coming to an end.   How this affect my credit score?

Reply by
DontTrustIT

6 Contributions
31 People Helped
Helpful to 0 out of 1 people

Is it simply because they are ending their relationship with costco or can they switch you to another one of their products?  Closing a credit card isn't always the best because it removes some of your valuable credit history.  And since it sounds as though its a card that you use in the present, you should contact them and ask about other offers that they have that may align with the current card you have.  They should be able to do so since so many patrons have the Costco version, I can't answer that specifically since my AMEX is with my personal bank.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.