FlyerTalk Forums - View Single Post - AA Citi Credit Card - Is it for real?
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Old Jul 22, 2003 | 6:48 pm
  #7  
ananthar
20 Years on Site
 
Join Date: Jul 2001
Location: Madison(WI) USA
Programs: , AA Plat 2MM, FB Gold, Hilton Gold
Posts: 375
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by collectorsrwe:
Will canceling the credit card, a few months after getting, be a detrimental act toward my good credit?</font>
Cancelling a card will not harm your credit, but applying for credit more than 2-3 times in the same 1 year period will harm your credit rating. Hence if you do this often (or already have applied for some other credit in the last year) this could harm your credit rating for the next 12 months. (The rating agency assumes if your need to keep applying for credit you are in financial trouble).
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