Questions and Answers

Have a travel related question? Post it here, and I’ll do my best to answer it as quickly as possible.

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Transfer CapOne points

1

Citi Prestige Card No longer accepting application

1

Amex Gold offers free Clear membership

Can you help?
0

Hilton hotel adds surcharge for using a credit card

1

Am I Better Off Earning 4x Amex Points or 5x Citi/Chase Points?

2

Thoughts on Bilt, the new credit card that rewards you for paying rent?

1

iPhone Outright Purchase

Can you help?
0

100,000K Marriott points or 3 free nights?

3

Chase reserve medical evacuation benefit

3

Amex or JetBlue MasterCard

3

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Answers (3)

Cancelling a new card to improve your credit age

Cancelling a new card to improve your credit age

  1. Anonymous

    Would cancelling a recent credit card help my credit by improving my credit age, hurt my credit by lower my utilization denominator (although I pay my credit in full each month), or have no real impact?

    Specifically, I recently got a capital one venture card to take advantage of the introductory offer and hotels.com partnership for my honeymoon. This saved me a few thousand dollars on the honeymoon accommodation so it was definitely worth while.

    This would not be a card I see myself using much in the future however, as I do not use hotels.com too often.

  2. David W

    The card would show up, as cancelled, so I’m not sure how it impacts the credit history portion of your score. Unless you pay off the card in full before the cycle closes each month, a balance is still reported. You’d be lowering available credit and yeah it’ll negatively impact your score though I can’t imagine it’d be too bad.

  3. MidSouthSkier

    Still, why not keep it for a year and then cancel it? Can’t remember if it has an annual fee or not but if not, it could help your credit score in the long run.

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