I’ve had AmEx for years, but I typically charge just $100-200 month and I don’t travel or have use for any of the other benefits mentioned in this thread. Sounds like I’m wasting the $55 annual fee. I’m thinking about replacing it with a Visa, or maybe a second MasterCard, that I would pretend was an AmEx (in that I’d pay the full balance every month).
In terms of FICO scores, is there any difference between an AmEx account that I pay in full (on time) every month and a credit card account that I pay in full (on time) every month? Would the reported credit limit associated with a card – that isn’t from Capital One – be “helpful” at all?