Have a travel related question? Post it here, and I’ll do my best to answer it as quickly as possible.
While anyone can comment on regular blog post, registration is required in order to post a question in this space. Creating your account is free, and you'll be able to see when your question is answered, as well as like comments from other users. And of course, you'll earn status points for offering helpful answers!
This space is intended to be more of a community as well, so please jump in and share tips!
cancel co signed credit card
when I came to the US my American wife helped me to establish my own credit score. Now that I have a 750+ rating we thought about cancelling the co signed credit cards (Chase Saphire and Chase Freedom) so that I can apply for them by myself in the near future. Do you know how this would effect my score? Other thoughts? Thank you.
You might want to try calling Chase to see if the Freedom can be updated so that your wife is no longer a co-signer. If you can do that, keep the card as it’ll show that you have a long credit history. Try to do the same with the Sapphire, and then consider downgrading the card to the Freedom Unlimited, after which you can apply for the Sapphire.
If that doesnt work and you have to cancel the cards, I think it’ll negatively impact your score because you wont show as much of a long credit history.