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Chase reserve medical evacuation benefit

2

Amex or JetBlue MasterCard

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Amex Platinum vs Chase Reserve

3

Lyft Cash: No Longer Earns Chase UR Points

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Amex Plat-$50 offer for Best Buy & Home Depot

6

Platinum Confusion – Marriott Brilliant Amex

3

Miles & More European Credit Cards 50% Devaluation

1

Timing about canceling one card and applying for another

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Can’t find Blue Business Plus

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Annual fee for Virgin Atlantic M/C

2

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Answers (3)

Credit

Credit

  1. kevin

    Do you not get dinged when you cancel these credit cards? How long do you typically keep them open?

  2. Anonymous

    [USER=115]@kevin[/USER] — There’s a small hit for each “hard pull” but in general having more cards (and using them responsibly!) is actually good for your credit: [URL]http://onemileatatime.boardingarea.com/2015/03/30/whats-my-credit-score/[/URL]

  3. Anonymous

    Kevin, personally I keep the cards open for as long as they add value. There are plenty of cards I hold onto long term because of the annual benefits they offer just for having the card:
    [URL]http://onemileatatime.boardingarea.com/2015/04/06/which-credit-cards-offer-the-best-anniversary-bonuses/[/URL]

    Then there are cards I keep open because they’re the most rewarding for everyday spend thanks to their category bonuses:
    [URL]http://onemileatatime.boardingarea.com/2015/03/19/best-credit-card-category-bonuses-2/[/URL]

    And then there are some with great sign-up bonuses where I can’t justify the annual fee after the first year.

    As Tiffany notes, you don’t get dinged for closing a card, per se, though your average age of accounts is one thing which factors into your credit score.

    Hope that helps and let us know if you have any other questions.

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