Originally Posted by
coterie
Quick question, if I cancel before first year, does this hurt my credit? Danke.
Hurt? No. Lower a FICO from 810 to 805? Oh the horror!
People get way too hung up on "negative" events which don't amount to a hill of beans. My learned advice is not to worry about petty things like inquiries and closures. Scrupulously avoid missed payments, late payments, defaults and, of course, bankruptcy. Then go about your merry financial business secure in the knowledge that your credit worthiness is just fine, vielen dank.