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Question By
tsassenach71

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effect to credit when credit company dissolves.
Im affected by the Costco and American Express partnership that is dissolving this year. how will this affect my credit report? on the fence about accepting new American Express offer. add'l hard inquiry to record, decrease in available credit?
wonder if better to just let the account close and not open new one.

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Top Contributor
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Ths is a good question.  From what I've read is that Citi is going to take the profile and give there visa without a hard pull.  So i'm not going to close it.  Even if you do close this account the account will remain on your credit report for ten years so it wont hurt you.

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