Questions and Answers

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Chase reserve medical evacuation benefit

2

Amex or JetBlue MasterCard

3

Amex Platinum vs Chase Reserve

3

Lyft Cash: No Longer Earns Chase UR Points

1

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

2

Can’t find Blue Business Plus

4

Annual fee for Virgin Atlantic M/C

2

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Answers (2)

To Cancel, or Not to Cancel

To Cancel, or Not to Cancel

  1. Nadroj

    I am considering signing up for a few different cards over the next 6 months or so, mainly for the signup bonus, not the long-term benefits. Some of these cards have annual fees, including some that are close to $500 per year. How does it impact your credit score to open and then close a card before the second year closes out? Is it foolish to consider this?

  2. Gaurav

    [USER=1326]@Nadroj[/USER], what you are considering is very common (I assume you mean cancel before your second year starts, not second year closes out). It is not foolish at all. Maybe this post will help: [URL]http://onemileatatime.boardingarea.com/credit-cards-credit-scores/[/URL]

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