Originally Posted by
Dr_wanderlust
unless there is an annual fee that can't be offset by benefits or rewards, there is seldom a good reason to close a card.
Here's what I'm thinking...let me know the error in my ways...
The AMEXs (ie--SPG, DELTA, GOLD, ETC) Say you "can't get the signup bonus if you've had the product within the last year"...
So, don't I need to close it to get the clock moving on the "1 year"?
Also, if an issuer only lets yu have a certain number of cards (ie--only 4 chase cards at one time--or whatever)...doesn't canceling cards free you up for more signup bonuses??
ALSO--Note I'm not concerned about my credit score...just interested in keeping the signup gravy train flowing...