Who gets Amex annual fee waived?
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).
Why is my credit score going down when I pay on time?
It's possible that you could see your credit scores drop after fulfilling your payment obligations on a loan or credit card debt. Paying off debt might lower your credit scores if removing the debt affects certain factors like your credit mix, the length of your credit history or your credit utilization ratio.
Why is Amex annual fee so high?
The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees.
Is it bad to have a credit card and not use it?
The other risk of leaving a card inactive is the issuer might decide to close the account. If you haven't used a card for a long period, it generally will not hurt your credit score. However, if a lender notices your inactivity and decides to close the account, it can cause your score to slip.
Is it better to cancel unused credit cards or keep them?
In most situations, it's better to keep unused credit card accounts open, as closing credit accounts can have a negative impact on your credit score.