Originally Posted by
dieuwer2
Better not to close a credit card and open a new one. I suggest converting an old card into a new card (with the same issuer). That way, you keep your history.
Yes, but you get no bonuses. I presume the
only reason the OP was opening and closing so many cards was to "churn" for lots of bonuses. That is not possible if you "convert" cards.
The basic problem of the OP was apparently being too aggressive with churning while having too new a credit history. Just because someone with a multi-decade credit history can churn a certain amount forever does not mean person with a few-year credit history can. Just because a person with a short credit history may be able to churn a bit does not mean that they won't suffer consequences if they "push it" too far.
And as this thread indicates, the consequences may not be immediate, so the churner may not realize they've churned "too aggressively" until "too late".