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Thread: Is it bad to open up credit cards for the miles awards only to cancel them?
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Old May 21, 2011 | 8:12 pm
  #8  
wsflyer
 
Join Date: Mar 2006
Posts: 591
Originally Posted by andyacecandy
Got it.

I'll keep the card for 10 months and cancel before the fees.


Thanks guys
Also, to increase the average age of your accounts, find a no-fee card or two and keep them open, charging something on them from time to time. This will allow your age of credit card accounts to increase, even if you cancel the fee-cards within one year.
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