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Chase reserve medical evacuation benefit


Amex or JetBlue MasterCard


Amex Platinum vs Chase Reserve


Lyft Cash: No Longer Earns Chase UR Points


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


Platinum Confusion – Marriott Brilliant Amex


Miles & More European Credit Cards 50% Devaluation


Timing about canceling one card and applying for another


Can’t find Blue Business Plus


Annual fee for Virgin Atlantic M/C


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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][/URL]

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