Originally Posted by
clacko
re credit score....there is mixed info posted on ft that i have seen....it is possible that card cancellation can affect it.....one idea is that at renewal, call to cancel and the cc co will waive the fee.for the next year....i have no idea where to find the threads, nor do i understand why reducing one's credit line would lower one's credit rating....good luck...
It's not just that cancelling a card
can affect it, but also that taking out a new one (essential to the game, since if you don't do it you don't get a bonus)
will affect it. Every inquiry for purposes of extending credit has a small negative effect for a while. If I were about to apply for anything important (home mortgage, some jobs, etc.), and had even the slightest concern about my score, I'd pass on the potential miles.